Oman's civil defence is working on containing a fire in fuel tanks at the country's Salalah port, Oman's state news agency reported on Wednesday, after drones struck oil storage facilities at the port.The state news agency, citing Oman's civil defence, said that containing the fire 'might take time', without providing further details.Earlier on Wednesday, Oman's state TV said that drones struck fuel tanks in the port…
The container shipping sector continued its gradual normalization in 2025, and ZIM Integrated Shipping Services’ latest financial results offer a clear snapshot of the industry’s transition away from the extraordinary profits generated during the pandemic-era freight surge…
QatarEnergy is offering 10 liquefied natural gas tankers for lease, two industry sources told Reuters, after the world's second-largest LNG exporter announced a production halt at its 77 million ton per annum (mtpa) facility and shipping rates soared…
As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than 1000% -- dramatically driving up the cost of moving energy through a critical maritime corridor.The conflagration sparked by Saturday's Israeli-U…
Global grains trader Bunge is exploring alternative shipping routes and working with customers to minimize any disruptions caused due to the conflict in the Middle East, a company spokesperson told Reuters.While the company did not immediately provide details on any alternative routes…
The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis that has paralysed shipping through the Strait of Hormuz for a fifth day and choked off vital Middle East oil and gas flows.The U…
In 2026, Torvald Klaveness marks 80 years in shipping. Over eight decades, the company has grown from a small post-war enterprise into an international group spanning physical shipping, freight trading and digital services. Much has evolved…
London's marine insurance market has widened the area in the Gulf it deems as high risk as the conflict in the Middle East escalates, according to an advisory issued on Tuesday.Guidance from the Joint War Committee, which comprises syndicate…
Greece's shipping minister on Tuesday called for the protection of global shipping and seafarers, amid an 'alarming' situation that has left dozens of ships stranded in the Strait of Hormuz and the wider area due to the widening Iran conflict…
In its Q4 and full-year 2025 earnings release, the Monaco-based containership owner posted full-year 2025 adjusted net income from continuing operations of $375.6 million, or $3.12 per share. Net income from continuing operations available to common stockholders totaled $371…
Workers at ZIM Integrated Shipping Services stopped all work on Tuesday, stepping up a strike to press for job security guarantees after Germany's Hapag-Lloyd said it would buy the Israeli shipping company for $4.2 billion.About 800 unionized employees of a total of 1…
Germany's Hapag-Lloyd said on Monday it would buy Israel's ZIM Integrated Shipping Services for $4.2 billion in cash to secure its position as the world's fifth-largest shipping group.However, the deal prompted a backlash in Israel, with ZIM…
Oslo-listed dry bulk operator Western Bulk reported a marked earnings recovery in the second half of 2025, capitalizing on a broad-based rebound in freight markets and tighter effective vessel supply.According to the company’s Second Half Year Report 2025…
Farm office FranceAgriMer on Wednesday reduced its forecast for French soft wheat exports outside the European Union in 2025/26 by 300,000 metric tons to 7.20 million as competition from Argentine wheat continued to weigh.The third consecutive…
Exolum, Methanex Corporation and Ørsted announced the launch of the United Kingdom’s (U.K.) first commercially ready bio-methanol storage and supply service for shipping at the Port of Immingham. The Port of Immingham is the U.K.’s largest port…
