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China's payment firms rush to yuan denominated Hormuz Toll Report

Posted to Maritime Reporter on April 3, 2026

The shares of some Chinese companies that deal with cross-border payments increased?on Friday after the?commerce ministry announced?that ships were using the Chinese Yuan to pay for tolls as they passed through the Strait of Hormuz. * CNPC Capital Co. ended 7.9% higher Friday.

Lavrov, the Russian Foreign Minister, discussed the Strait of Hormuz (the Strait of Hormuz) with Iran's Foreign Minister

Posted to Maritime Reporter on April 2, 2026

The Russian foreign ministry reported that Russian Foreign Minister Sergei Lavrov discussed safety of navigation through the Strait of Hormuz with Iran's Foreign minister Abbas Araghchi by telephone on Thursday. The statement posted on the website…

Damaged Russian LNG Tanker Breaks Free from Tow Off Libya

Posted to Maritime Reporter on April 2, 2026

The Libyan Ports and Maritime Transport Authority reported that a Russian liquefied gas (LNG), tanker allegedly damaged in a suspected 'Ukrainian attack on the Mediterranean, sprang free in a storm while being towed by a Libyan tugboat. According to the Tripoli-based authority…

The US Gulf Coast tanker markets tighten as Asia replaces lost supply

Posted to Maritime Reporter on April 1, 2026

Shipping analysts and traders reported that the number of oil tankers available along the U.S. Gulf Coast had dropped sharply over the past few weeks as Asian and European refiners, cut off from Middle Eastern supplies, have purchased vessels to import fuel and oil from the United States.

Saudi Aramco, Sonatrach and other LPG suppliers raise LPG prices by 38% to 80% in April.

Posted to Maritime Reporter on April 1, 2026

Due to a limited global supply, Saudi Arabia's Saudi Aramco and Algeria's Sonatrach raised their official'selling prices' for liquefied petrol gas by between 38% and 80% in April. The Middle East war has caused the biggest energy crisis in decades. Global prices have risen to record highs.

South Korea purchased approximately 11,110 tons of US rice as part of a tender aiming for 74,382 tonnes

Posted to Maritime Reporter on March 30, 2026

Agro-Fisheries and Food Trade Corporation, a?state-owned company in South Korea. European traders reported that on Monday, they had purchased 11,110 metric tons of 'rice' 'expected to be sourced from United States. The other volumes sought in the international tender were not purchased, they said.

Data shows two LPG tankers bound for India crossing Strait of Hormuz and out of Gulf

Posted to Maritime Reporter on March 28, 2026

According to LSEG 'and Kpler' ship tracking data, two liquefied petrol gas?tankers BW Elm & BW Tyr are currently crossing the Strait of Hormuz on their way to India. Iran announced this week that non-hostile vessels could transit the waterway if coordinated with?Iranian officials.

Maersk suspends operations in Oman's Salalah Port due to security incident

Posted to Maritime Reporter on March 28, 2026

Maersk, a Danish container shipping company, has temporarily suspended?its operations?at the Port of Salalah in Oman. This was due to a security incident which occurred on Saturday morning. The shipping giant released a statement saying that all Maersk crew were safe and accounted.

Iranian official: US war proposal is 'one-sided.' Diplomacy remains open.

Posted to Maritime Reporter on March 26, 2026

A senior Iranian official said that Iran's initial reaction to the U.S. proposal, which was emailed to Pakistan,?was a characterization of it as "unfair and one-sided". He added that there might be a way forward if Washington acted with realism.

Drone strikes tanker with Russian oil in Black Sea near Turkey

Posted to Maritime Reporter on March 26, 2026

The Turkish transportation minister confirmed that a drone had struck a crude oil tanker from Turkey, which was leaving Russia. This caused an explosion near the Bosphorus Strait in Istanbul's Black Sea. Abdulkadir Uraloglu, the minister of transportation…

NTV reports that a drone hit a Turkish crude oil tanker near the Bosphorus Strait.

Posted to Maritime Reporter on March 26, 2026

NTV reported that a Turkish crude oil tanker named the "Altura" was struck by a drone about '15 nautical miles (28 km) from Istanbul in the Bosphorus Strait. Its 27 crew members were unharmed. According to data from ship tracking, the vessel…

Taiwan's MFIG purchases about 65,000 tonnes corn from US traders, say

Posted to Maritime Reporter on March 25, 2026

European traders reported that Taiwan's MFIG buying group?bought 65,000 metric tonnes of?animal?feed corn expected to be sourced _from the United States?in an international tender held on Wednesday. The yellow corn purchased was at a premium estimated to be 199.95?U.S.

Data shows that Saudi Arabia is increasing Yanbu crude oil production to circumvent the Hormuz blockade.

Posted to Maritime Reporter on March 24, 2026

Shipping data show that Saudi Arabia's Red Sea Yanbu port exported nearly 4 million barrels of crude oil per day in the past week. This is a significant increase over exports before the Iran War broke out. Saudi Aramco is working on a plan that…

As ships reroute to the Cape, African bunkering hubs benefit

Posted to Maritime Reporter on March 23, 2026

The number of ships diverting around the Cape of Good Hope is increasing, as the Middle East war has reshaped global shipping routes. This boosts the role of Africa as a hub for bunkering. Since late 2023 when Houthi attacks against Red?Sea?shipping?began…

Treasury's Bessent: US has "plenty" of funds to wage war on Iran

Posted to Maritime Reporter on March 23, 2026

The?U.S. The?U.S. Bessent also ruled out any calls for tax increases in the "Meet the Press'" program on NBC News. Congress is sceptical about the U.S. government's request to spend $200 billion more on the Iran war after spending large amounts of money for defense last year.

Japan not planning Hormuz escort mission, PM Takaichi says

Posted to Maritime Reporter on March 16, 2026

Sanae Takaichi, the Prime Minister of Japan, said on Monday that Japan has no plans to send naval vessels to escort vessels around the Middle East. Donald Trump has called on allies in the Middle East to help protect tankers that are traversing the Strait of Hormuz.

Takaichi, the PM of Japan, says that Japan has not yet planned an escort mission to Hormuz.

Posted to Maritime Reporter on March 15, 2026

Sanae Takaichi, Japan's Prime Minister, said that the country does not plan to send naval vessels to escort ships in a?Middle East? after Donald Trump asked allies to escort oil tankers through Strait of Hormuz. "We have not taken any decision about dispatching escort vessels." Takaichi…

Operator says that the Greek tanker, which was hit by an unidentified object, suffered minor damage.

Posted to Maritime Reporter on March 14, 2026

The manager of Maran Tankers, said that a Greek-flagged vessel, the Maran Homer was struck by an unidentified object on 'Saturday as it waited for orders to enter Caspian Pipeline Consortium Terminal (CPC) at Novorossiysk. The vessel was struck…

Official from India says that a fuel tanker with Indian flag bound for Africa has set sail east of Hormuz.

Posted to Maritime Reporter on March 13, 2026

An Indian government official announced on Friday that the Indian flagged 'oil tanker Jag Prakash is now sailing from the east of the Strait of Hormuz. It will be delivering gasoline from Oman into Africa. Gulf shipping has been disrupted for the last two weeks, as Iran retaliates against the U.S.

Italy weighs up options after damaged Russian LNG tanker drifts into the Mediterranean

Posted to Maritime Reporter on March 13, 2026

Sources said that Italian authorities are considering how to handle a Russian "liquefied gas tanker" left adrift in the Mediterranean following what Moscow "described" as a Ukrainian drone strike, according to sources. The Russian transport ministry reported that Ukrainian drones…
Trite but true, the path to decarbonization has no ā€˜silver bullet’ solution.
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