Faster global financial news!
Shipping
-
Hormuz Crisis "Revives" Suez Canal: July Revenue Surges 42% to a Two-and-a-Half-Year High
Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on September 8 that Suez Canal revenues reached $505 million in July, a 42% year-on-year increase and the highest month
-
18 Maritime Authorities Say Global Shipping Rules Are Collapsing
Eighteen maritime authorities state that global shipping rules are collapsing due to wars and the growth of the shadow fleet, which is causing a 'structural shift' in global trade.
-
Japanese shipping company Mitsui O.S.K. Lines' CFO stated that the "de facto closure" of the Strait of Hormuz has driven up freight rates, leading to increased company profits.
Japanese shipping company Mitsui O.S.K. Lines' CFO stated that the "de facto closure" of the Strait of Hormuz has driven up freight rates, leading to increased company profits.
-
Panama Canal restricts daily vessel traffic to 34 from Thursday, further to 32 by Sep 15, due to low water levels; one ship paid record $5.3M for transit
Panama Canal authorities announced that from Thursday (September 3), the number of vessels permitted to pass daily will be restricted to 34, down from the traditional 40. This cap will further drop to
-
China Merchants Securities: El Niño has impacted Peruvian fishmeal and the Panama Canal, with a probability exceeding 90% for an extremely strong El Niño in autumn/winter 2026.
China Merchants Securities' latest research report indicates that the El Niño phenomenon has already impacted supply chains through two main channels: first, by increasing aquaculture feed costs due t
-
Oil Names Mix With AI Stocks On Elite Screen As Three Trade Near Buy Points
An elite screen by Investor's Business Daily (IBD) highlighted oil and AI stocks, with three trading near buy points due to strong relative performance. The screen also noted shipping stocks gaining m
-
S&P Global Energy: Strait of Hormuz disruption sends tanker rates to record highs, with the Middle East Gulf-Japan LR2 tanker benchmark freight rate reaching $107.72/ton on August 27.
S&P Global Energy reported that tanker freight rates have surged to record levels due to restricted traffic in the Strait of Hormuz and a tight supply of vessels. Since the outbreak of the US-Iran con
-
Cmb.Tech (CMBT) Q2 Net Profit Reaches $364.4 Million, Revenue Exceeds $700 Million, and Anticipates Further Gains from Vessel Sales
Cmb.Tech announced its second-quarter results on August 27, reporting a net profit of $364.4 million, revenue exceeding $700 million, and an EBITDA of $552 million. The company's management attributed
-
Gulf Tanker Rates Near $650,000/Day as Iran War Disrupts Crude Shipments
Daily earnings for vessels shipping crude oil from Saudi Arabia to China reached a record $647,000 on Thursday, more than ten times the level of a year ago, according to data from the Baltic Exchange.
-
Orient Overseas Warns of Freight Rate Slip as First Half Earnings Dip
Orient Overseas International Ltd. warned that freight rates may come down due to waning seasonal demand and new container ships entering service, which would amplify the impact of higher fuel costs.
-
Panama Canal slashes daily vessel crossings to 32 due to insufficient rainfall, shipping costs surge
The Panama Canal Authority announced last week that due to persistent low rainfall, it would reduce the number of daily transiting vessels from 36 to 32, effective September 15. Some climate scientist
-
Over 60% of ships in Strait of Hormuz used 'dark routes' in August to avoid military targeting, data shows
Maritime intelligence firm Kpler data for August 1-19 reveals that 148 out of 236 vessels transiting the Strait of Hormuz, including oil and gas carriers, turned off their Automatic Identification Sys
-
Somali piracy resurges in Red Sea region, attributed to U.S.-Iran war diverting enforcement resources and regional instability
The return of Somali piracy, which had declined since 2010, is now a major concern for shipping companies. The U.S.-Iran war has diverted American naval resources and fueled regional instability, crea
-
Demand for tankers soars as Gulf oil producers seek export solutions
Oil-exporting countries are looking to secure their own fleets, which is driving up prices, particularly for readily available vessels.
-
Panama Canal fees hit record high due to El Niño and Iran war
The Panama Canal has seen its transit fees reach a record high, primarily driven by the El Niño weather phenomenon, which has caused falling water levels. This could lead to a limitation of transit sl
-
UK Shipbroker Clarkson Expects Full-Year Results to Materially Exceed Expectations Due to Hormuz Disruption
The company stated this follows a record first-half performance, which was boosted by "exceptional volatility" caused by the disruption in the Strait of Hormuz.
-
Six Saudi Oil Tankers Divert from Red Sea, Opting for Longer Africa Route Due to Houthi Threats
Six Saudi oil tankers are diverting from the Red Sea's critical Bab el-Mandeb chokepoint, embarking on an unusual, longer journey around Africa. This rerouting is a direct response to persistent threa
-
Analysts point out that key shipping lanes, such as the Strait of Hormuz, are entering a new era of maritime conflict, and global trade faces the risk of disruption.
CNBC cited analysis indicating that key maritime trade routes such as the Strait of Hormuz, the Red Sea, and the Black Sea are becoming the front lines where drones and missiles target economic lifeli
-
Guterres Condemns Houthi Attacks on Commercial Ships Transiting the Red Sea
Svmuu News: On July 24, local time, UN Secretary-General Spokesperson Stéphan Dujarric issued a statement on behalf of the Secretary-General, stating that Secretary-General António Guterres was deeply
-
Commercial shipping traffic through the Strait of Hormuz has dropped significantly
Svmuu News: On the 12th local time, commercial shipping traffic through the Strait of Hormuz dropped sharply after Iran announced it was closing the strait once again. According to commercial shipping
-
Oman: Ships Passing Through the Strait of Hormuz May Be Required to Pay a Fee
Svmuu News: According to sources familiar with the matter, Oman has informed European officials that the Strait of Hormuz cannot return to its pre-conflict state, and that vessels transiting the strai
-
Shipping traffic through the Strait of Hormuz has recovered to nearly 60 percent of its pre-war level
Svmuu News: S&P Global Energy reported on the 25th that a total of 78 vessels transited the Strait of Hormuz on the 24th, setting a record for the highest single-day transit volume since the outbreak
-
Iranian Media: Passage Permits for the Strait of Hormuz Now Open for Applications
Svmuu News: Iranian media reported on the 2nd that the application system for ship passage permits through the Strait of Hormuz has been fully opened, allowing shipowners and captains worldwide to sub
-
The GCC Secretary-General called on the international community to restore normal shipping in the Strait of Hormuz and the Bab el-Mandeb Strait, and to hold those responsible for the attacks accountable.
GCC Secretary General Jasem Al-Budaiwi stated that the disruption of shipping in the Strait of Hormuz and Bab al-Mandab threatens global economic interests, and the international community must restor
-
UKMTO data shows that shipping attacks in the Strait of Hormuz reached at least 35 in October, the highest record since the US-Israel war against Iran began in February.
UKMTO data shows that shipping attacks in the Strait of Hormuz reached at least 35 in October, the highest record since the US-Israel war against Iran began in February.
-
Hormuz Strait shipping remains 70% below pre-war levels, despite slight uptick last week, UKMTO says
The UK Maritime Trade Operations (UKMTO) agency reported 122 outbound and 155 inbound transits through the Strait of Hormuz in the week ending Friday, October 30. This figure is up from the previous w
-
Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz, with October attacks doubling but flows only down 2% from September
Commercial ship attacks in the Strait of Hormuz doubled in October compared to September, with at least 30 vessels hit. However, crude oil exports through the strait averaged nearly 11.1 million bpd i
-
Iran suspected of tactical shift, attacking oil tanker with limpet mines in Strait of Hormuz on Thursday, first time since 2019.
Iran suspected of tactical shift, attacking oil tanker with limpet mines in Strait of Hormuz on Thursday, first time since 2019.
-
Global dockworkers' strike across 22 countries and 110 ports on October 30 to protest Gaza conflict
More than 25 dockworkers' trade unions in 22 countries and 110 ports are holding a strike on October 30. The action aims to demand an immediate end to the 'genocide of the Palestinian people and all i
-
Iran's navy reported that an oil tanker struck a mine in the eastern Strait of Hormuz, adding that three other tankers had previously struck mines.
The Iranian Navy announced that an oil tanker struck a mine in the eastern Strait of Hormuz, causing hull damage and a fire, rendering the vessel inoperable. Iran's state broadcaster IRIB cited a navy
-
COSCO Shipping Holdings' profit sees largest gain in two years as geopolitical turmoil drives up freight rates.
COSCO Shipping Holdings' profit sees largest gain in two years as geopolitical turmoil drives up freight rates.
-
The U.S. military advises vessels to avoid unnecessary transit through the Strait of Hormuz, citing potential delays due to enforcement of blockades.
The U.S. military has advised vessels to avoid unnecessary transit through the Strait of Hormuz, citing potential delays due to enforcement of blockades. Iran has reportedly been involved in nearly 30
-
Commodity Trader Mercuria Accuses Baltic Exchange of Keeping Disputed Tanker Rate Due to Rival Fears Amid Iran War Distortions
Commodity Trader Mercuria Accuses Baltic Exchange of Keeping Disputed Tanker Rate Due to Rival Fears Amid Iran War Distortions
-
Bank of America research reports that Red Sea shipping volumes have recovered to 65% of normal levels
Bank of America research reports that Red Sea shipping volumes have recovered to 65% of normal levels, up from 50% in September. However, tanker freight rates remain as high as $650,000 per day, and d
-
Vessel attacks in the Strait of Hormuz reached at least 28 in October, marking a new monthly high since the current conflict began.
According to data compiled by the Washington Institute for Near East Policy, cited by Reuters, commercial shipping attacks in the Strait of Hormuz in October were the most severe since the current con
-
South Korean shipping giant Sinokor Group has invested nearly $6 billion to acquire 73 oil tankers, establishing a near-monopoly in the Strait of Hormuz oil shipping market, with its transport volume exceeding 50% in the first 10 days of October.
According to Bloomberg, citing shipping intelligence data, South Korea's Sinokor Group spent nearly $6 billion to acquire 73 second-hand Very Large Crude Carriers (VLCCs) on the eve of the Iran war, g
-
Bloomberg reported that the cost of chartering oil tankers on the US-to-Asia route has surged to a record $60 million, severely impacting US crude oil exports to Asia, which are expected to fall to multi-year lows.
Bloomberg reported that the cost of chartering oil tankers on the US-to-Asia route has surged to a record $60 million, severely impacting US crude oil exports to Asia, which are expected to fall to mu
-
China COSCO Shipping, a giant in the shipping industry, has launched new routes and an emergency response system to counter the Iran war and climate risks.
Chinese shipping giant COSCO Shipping Holdings is launching new capacity and trade routes, and increasing road transport, to ensure its supply chain can withstand potential shocks. The move aims to co
-
U.S. Central Command denies claims of Iranian oil tanker hitting a mine, states 95% of vessels in Strait of Hormuz are transiting normally.
A spokesperson for U.S. Central Command (CENTCOM) stated that Iran's claim of two oil tankers striking mines in the Strait of Hormuz is "false," noting that the U.S. has cleared mines from the interna
-
Qatar's foreign minister met with Gulf allies, reiterating support for freedom of navigation and stating that these efforts will bring peace to the region.
Qatar's foreign minister met with Gulf allies, reiterating support for freedom of navigation and stating that these efforts will bring peace to the region.
-
Middle East oil exports resume but freight costs surge: Asian refiners' profits near zero as Iranian attacks on Strait of Hormuz tankers reach highest frequency since conflict began.
Middle Eastern crude oil exports have significantly rebounded over the past six weeks, with total exports in September rising to 15.4 million barrels per day, close to 90% of pre-conflict levels, Reut
-
Inchcape Shipping Services to expand presence in South Korea
British maritime services giant Inchcape Shipping Services is stepping up its presence in South Korea, betting on the country's shipbuilding strength and growing naval maintenance business to drive ex
-
Indian Minister Confirms Safety of 24 Indian Crew Members on Vessels Hit in Hormuz Strait and Romania
India's federal minister for ports, shipping and waterways, Sarbananda Sonowal, confirmed that 15 Indian crew members on the MT ST 3 crude oil tanker, which was hit by a projectile in the Strait of Ho
-
UKMTO Warns of "Severe" Threat to Shipping in Strait of Hormuz, Attacks "Highly Likely"
The UK Maritime Trade Operations (UKMTO) center stated that the threat to commercial shipping in the Strait of Hormuz remains "severe" and warned that further attacks are highly likely given ongoing I
-
Saudi Aramco CEO says company has strengthened its ability to respond to attacks and is considering alternative shipping routes.
Saudi Aramco CEO Amin Nasser stated that the company has enhanced its ability to simultaneously respond to multiple attacks, with a response speed six times faster than the industry average. Nasser sa
-
Cargo Ship Sinks in Strait of Hormuz After Strike Triggers Fire
A cargo ship sank in the Strait of Hormuz after being struck, which sparked a fire and led to the evacuation of its crew members, according to the Maritime and Port Authority of Singapore. The Strait
-
UN officials warn: Blockage of fertilizer shipments through the Strait of Hormuz could lead to food crises in Asia and Africa.
UN Under-Secretary-General Jorge Moreira da Silva warned on Wednesday that parts of Asia and Africa could face a food security crisis unless Iran and the United States quickly reach an agreement on a
- No data
Shipping
24H Trending
-
1
Gold prices fell to $3,883.36, hitting a near 365-day low.
-
2
Chainalysis: Binance Hackers Deployed Unprecedented Money Laundering Tactics, Rapidly Converting $6.3 Billion in Stolen Funds
-
3
Gold is down 3.45% from its previous close, now trading at $3,883.36.
-
4
Trump Comments on Binance Hack as Calls for Crypto Regulation Intensify
-
5
Silver is down 5.71% from its previous close, now trading at $49.365.
-
6
What is ELTCOIN? Project Positioning and Market Status
-
7
MIVA Token Analysis: The Utility and Governance Token of Minerva Wallet
-
8
Binance suffered the largest crypto hack on record, with investigators attributing the $6.3 billion theft to North Korean hackers
-
9
Experts are divided on the freezing of stolen assets by Binance, warning that recovering the funds is another matter.
-
10
PKR Coin Analysis: Mechanisms, Ecosystem, and Market Status of Polker Token
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
