Well versed in the high-risk side of shipping, some shadow fleet operators are sending their gas carriers through Hormuz to lift cargoes from the UAE and Qatar, marking a rare — if temporary — return to the mainstream

Stateless Caroline Bezengi ran aground off Oman’s Hallaniyat Islands at the end of June and has the potential to become a big ecological disaster

The UAE has accused Iran of attacking two Adnoc tankers in the Strait of Hormuz, deepening tensions over the vital shipping artery as Tehran and Washington harden their positions and security risks continue to weigh on commercial traffic

Strong Asian export growth, recovering US demand and tighter supply-demand conditions have supported higher freight rates

A bigger fleet would help SK Shipping win market share as AI and chip demand lift long-term gas transport needs, the owner said

DP World posted resilient earnings as its global ports and logistics network helped soften the blow of the loss of container volumes at its UAE flagship port of Jebel Ali, where the Hormuz closure has wiped out vessel traffic

Simon Lockwood, the head of shipowners at Willis Marine GB, describes the warning signs of inexperience among war insurers

Exclusive: Previously unreported insurance arrangements reveal how sanctions on a Russian insurer have complicated efforts to stabilise the stranded tanker Caroline Bezengi as a growing oil spill threatens Oman’s coastline

Maersk’s Ocean business benefited from a 22% rise in average freight rates and consistently high vessel utilisation, while loaded volumes increased 4.1%.

The crude tanker market continues its epic bull run. The question — as Hormuz supply replacement efforts falter — is how long disruption upside can continue to offset volume downside