Posted to Maritime Reporter
on
March 1, 2026
Airline shares fell on Monday. Hong Kong's Cathay Pacific and Australia's Qantas Airlines, as well as Singapore Airlines, Japan Airlines, and Singapore Airlines all dropped more than 5%. This was after Israel and the U.S. launched strikes against?Iran over the weekend…
Posted to Maritime Reporter
on
March 2, 2026
BERLIN, 2 March - At the very least, 25 ships?from 7 German maritime companies?including two?cruise ships?carrying about 7,000 'passengers' are stranded 'in 'Gulf waters 'and cannot leave the Strait of Hormuz due to security reasons. Germany's shipowners association VDR announced this on Monday…
Posted to Maritime Reporter
on
March 2, 2026
The insurance companies have canceled war risk coverage on vessels in the Gulf due to the increasing conflict with Iran. This has caused at least four damaged tankers, two deaths of seafarers and 150 stranded ships around the Strait of Hormuz.
Posted to Maritime Reporter
on
March 2, 2026
The General 'Food -Security -Authority (GFSA), Saudi Arabia's principal state purchasing agency, purchased around 794,000 metric tonnes of wheat on Monday in an international bid, according to the GFSA. The 655,000 tonnes sought in the tender was not met.
Posted to Maritime Reporter
on
March 2, 2026
A number of marine insurers have announced that they are cancelling their war risk coverage for ships because of the conflict in the Gulf and Iran. According to notices posted on their websites dated March 1, insurers such as?Gard?, Skuld?, NorthStandard?…
Posted to Maritime Reporter
on
March 2, 2026
S&P Global Platts, a company that reports oil prices, has suspended bids and offers to assess the price of Middle East refined products transiting the Strait of Hormuz due to the shipping disruptions resulting from the U.S./Iran conflict. The note was sent on Monday.
Posted to Maritime Reporter
on
March 1, 2026
Donald Trump, the president of the United States, announced on Sunday that he was launching a military operation to sink Iran's Navy. The U.S. military is sinking Iran's Navy. They have destroyed nine Iranian warships and are "going after" the remaining ones.
Posted to Maritime Reporter
on
March 1, 2026
On Sunday, loud blasts could be heard in Dubai and Doha, the capital of Qatar. Oman was also hit for the first time in retaliatory attacks on Gulf neighbours in response to a 'U.S. Israeli attacks on the Islamic Republic have increased. Iran said that it would "target U.S.
Posted to Maritime Reporter
on
March 1, 2026
As the Iran conflict disrupted shipping through the Strait of Hormuz and a rise in oil prices is expected when trading resumes Monday, Asian governments and refiners have been rushing to assess their oil stocks and alternative routes. Asia is…
Posted to Maritime Reporter
on
February 26, 2026
Sources familiar with the transaction said that Saudi Aramco’s U.S. Trading division purchased a cargo?of Venezuelan Boscan heavy crude for delivery in March, marking its first purchase of this heavy crude suitable for asphalt production. One…
Posted to Maritime Reporter
on
February 26, 2026
The Turkish grain 'board TMO?purchased?about 350,000 metric tonnes?of animal feed corn in a?international tender held on Thursday. Final confirmation of the purchase will be made in the next few days. Purchases made at the beginning can be?reduced or?cancelled?completely.
Posted to Maritime Reporter
on
February 26, 2026
Saudi Arabia has announced a tender to purchase 655,000 metric tons of wheat. The General Food Security Authority, Saudi Arabia's state grain buying agency, made the announcement on Thursday. According to the GFSA, the delivery of 'the wheat' is planned for a period between May and July.
Posted to Maritime Reporter
on
February 26, 2026
LSEG data revealed that the cost of hiring a'very large crude carrier' to transport a?2,000,000 barrels a day from the?Middle East into?China on Thursday exceeded $200,000 a daily for the first since 2020. On the Worldscale industry measurement used to calculate freight rates…
Posted to Maritime Reporter
on
February 26, 2026
Initial assessments by traders indicate that the lowest price offered in the first round of the tender for 350,000 metric tons of animal feed corn was $248.80 per metric ton, including freight. Bek Tarim, a trading house, was said to have made the offer for shipment of 26…
Posted to Maritime Reporter
on
February 24, 2026
The Pentagon announced?on Tuesday that U.S. forces had intercepted a sanctioned tanker in the Indian Ocean, after tracing it from Caribbean waters. This was the third interdiction of this kind in the region. Washington has stepped up its blockade of vessels going to or from Venezuela…
Posted to Maritime Reporter
on
February 24, 2026
Industry sources claim that the cost of shipping crude oil has risen?to its highest level in six years. This is due to a surge of crude exports out of the Middle East, as traders rush to book charters before a possible conflict between the U.S.
Posted to Maritime Reporter
on
February 24, 2026
A major military conflict between the U.S., Iran and other countries could cause a disruption of Middle East oil supply. It could be that the vast oil reserves held by the U.S. or China are crucial in controlling it. As the American military builds up in the region…
Posted to Maritime Reporter
on
February 20, 2026
European traders reported on Friday that the state grain board of Turkey, TMO, has issued a tender to purchase and import 350,000 metric tonnes of animal feed corn. They said that the deadline for submitting?price bids in the tender was February 26.
Posted to Maritime Reporter
on
February 20, 2026
Data shows that the world's benchmark Brent crude oil is being sold at the lowest price in three years from the Baltic ports of Russia. Discounts are important, as they result from sanctions that the West imposed against Russia for the "war" in Ukraine.
Posted to Maritime Reporter
on
February 20, 2026
According to daily headlines, the?premium built into crude oil prices due to tensions between Iran and the United States fluctuates. But there is a underlying assumption that all will be well. Brent crude oil futures closed at $70.35 per barrel, a 4.4% increase.
