Cass Freight Index for August Mostly Positive for Carriers
Long Haul Rates Up Strong, Shipments Up Too
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New Attacks in Hormuz and Saudi Test Nerves as War’s Spread Worsens Oil Disruption
New strikes on Saudi Arabia and on ships in the Gulf tested nerves in the Middle East on Sunday, after an attack on a Saudi oil pipeline and an advance by Yemen's Houthis threatened to worsen the…
U.S. Rejects Iran’s Mine Claim as Hormuz Shipping Threat Remains Severe
U.S. Central Command is disputing an Iranian claim that a Panama-flagged tanker recently struck a naval mine in the Strait of Hormuz, saying the ship was instead hit by Iranian...
Middle East shipping squeezed as Hormuz and Bab el-Mandeb risks converge
Middle Eastern shipping patterns face another violent reshuffle after fresh vessel attacks around Hormuz, the shutdown of Saudi Arabia’s critical East-West oil pipeline and the Houthis’ advance into…
Oil Tanker Rates Top $1 Million a Day as Hormuz War Squeezes Fleet
The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships willing to cross the Strait of Hormuz to…
Iran Expands Threats Against Shipping to P&I and Class Societies
Iran’s so-called Persian Gulf Strait Authority released its second update to its blacklist of shipping while also expanding its past threats to includ...
Why Middle East tensions are pushing oil prices above $100
Brent crude has risen above $100 a barrel as war in Iran disrupts shipping through the Strait of Hormuz.