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Surge in Product Tanker Charter Rates and the Urgency of Diplomatic Pressure on the US
Sea news- The Strait of Hormuz crisis is now manifesting its effects in another sector of the shipping market. Following an unprecedented spike in charter rates for Very Large Crude Carriers (VLCCs), it is now the turn of vessels…
The New Global Logistics Landscape: Digitalisation, Fragmented Trade and Multimodal Corridors
Sea news*-Global freight forwarding is entering a period in which physical transport capacity is only one part of competitive advantage. The ability to connect data, documents, legal rights and operational decisions across carriers,…
Yemen’s Ansar Allah: From Dominating Bab el-Mandeb to Fueling the Tanker Crisis
SeaNews — Bab el-Mandeb is nothing new for Yemen’s Ansar Allah. For years, the group has used missiles, drones, and maritime operations to demonstrate that it can target ships in the Red Sea and force major shipping companies to…
Every U.S. Action Tightens the Strait of Hormuz Knot for the Global Economy
Sea News — Last night, the air over southern Iran smelled of gunpowder. From the first hours of the night, when the deafening sound of explosions tore through the sky, it was clear that the situation had moved far beyond warnings and…
Attack on Larak Island, Oil Above $90: Regional States Must Come to Their Senses
Sea News — The escalation of military tensions between the United States and Iran, coupled with reports of a U.S. attack on Larak Island and a surge in oil prices above the $90-per-barrel threshold, has opened a new and dangerous chapter in…
The US Beats a Dead Horse: Iran’s Maritime Ecosystem Will Not Surrender to Sanctions
SeaNews – For years, the White House has operated under the delusion that a few signatures on a piece of paper in Washington can lock or unlock the trade of an entire nation. Their latest masterpiece, however, takes a slightly different…
Alarm Bells in International Waters: Washington’s Plan for Easier Seizure of Ships
SeaNews – Recent reports regarding the US Department of Justice’s decision to revive the mechanism of "Prize Courts" have delivered a fresh shock to global legal and economic circles. This mechanism—a relic of the 18th and 19th-century…
Shipping Association of Iran Reaffirms Its Leadership with a Second Consecutive A+ Rating
SeaNews – The Shipping Association of Iran has once again demonstrated its leading position in the country’s logistics sector, securing an A+ rating for the second consecutive assessment cycle in the evaluation of business associations…
The Naked Truth Behind UAE Ports’ Financial Statements Exposed
SeaNews — In its latest financial report, AD Ports Group announced that its Q2 net profit surged by 88% to AED 836 million ($227.6 million), with total revenue climbing 47% to AED 7.08 billion ($1.93 billion). This report comes amid wartime…
From Jeddah to New York: The Bill for Bypassing the Strait of Hormuz Comes Due
Sea News — Disruptions across the global supply chain and at key ports around the world have reached a new and unprecedented level—a trend directly rooted in political miscalculations and the extra-regional military presence of the United…