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March 3, 2026
Swiss logistics group Kuehne und Nagel reported on Tuesday a '17%' drop in its recurring operating profits for 2025 and predicted likely flat or lower earnings this year due to an escalating Middle East conflict. The freight forwarder said it…
Posted to Maritime Reporter
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March 2, 2026
Bloomberg News reported that U.S. private equity firm Thoma Bravo is in advanced talks to purchase third-party logistics provider WWEX Group. This would create a shipping tech business worth up to $12 billion. The report said that the buyout…
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March 2, 2026
Police and intelligence sources confirmed that Greek authorities detained a 36-year old man for allegedly spying on the U.S. Naval Base?on?the island of?Crete. This base is a strategic facility in the eastern Mediterranean for the United States.
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March 2, 2026
Activist investor Elliott Investment Management stated on Monday that there was an urgent need to re-energize the board of Norwegian Cruise Line Holdings after the cruise operator forecasted a muted profit for 2026. The investor has criticized…
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March 2, 2026
Jeremy Nixon (CEO of Ocean Network Express) said that container ships accounted for about 100 of the 750 ships backed up around 'the Strait of Hormuz after U.S. Nixon told a container shipping conference in Long Beach California that "about…
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March 2, 2026
Analysts say that disruptions to the marine traffic in the Middle East Gulf could prevent the region's aluminium smelters not only from exporting their metal but also from receiving the raw materials needed to continue producing metal. Gulf…
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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
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March 2, 2026
In February, a protracted crisis in Russia’s rail industry, driven by the slowing economy and sanctions, as well as global market pressures, deepened, adding to the strain on the debt-ridden?state rail monopoly. Freight volumes are a good indicator of the economy in Russia.
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.
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March 2, 2026
Agro-Fisheries and Food Trade Corporation, a?state-owned corporation in South Korea. European traders reported on Monday that a?international tender has been issued to 'purchase' an estimated 74,382 tons of rice. About 33,300 tonnes of the total should be sourced in the United States…
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March 2, 2026
Norwegian Cruise Line Holdings lowered its yearly?profit forecast below Wall Street expectations on Monday as high costs were offset by a robust demand for their higher-priced cruises. Shares in the company as well as those of its peers Carnival…
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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
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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?…
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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
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…
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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.
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March 1, 2026
A multi-agency maritime agency said that one person was 'presumed dead' and five crew members were reported missing after a tug boat sank near South Africa’s southern coast. The ship sank around 80 nautical miles south-east of Mossel Bay, in South Africa's Western Cape province.
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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
March 1, 2026
Taylor Canfield led the United States to victory in the Sydney Sail Grand Prix 'on Sunday. It was their first win since Cadiz,?October 20, 2023. Australia's Bonds Flying Roos did not make it to the?event?final for the first time. Canfield's…
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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.
