Faster global financial news!
Shipping
-
Riyadh Airport in Saudi Arabia was attacked again on Sunday, resulting in 1 death and 11 injuries. This marks the fourth attack in five days, putting pressure on oil prices and shipping.
RIYADH, Saudi Arabia — A projectile attack on King Khalid International Airport in Riyadh on Sunday (October 11) killed one Pakistani resident and injured 11 others, Al Jazeera reported. This marks th
-
Iran's Revolutionary Guard Navy Claims LPG Tanker NV Sunshine Struck Near Strait of Hormuz, Vessel Reportedly Caught Fire
Iran's Revolutionary Guard Navy claims a large LPG carrier named NV Sunshine was struck while attempting to transit south of the Strait of Hormuz, with reports indicating the vessel caught fire. The I
-
Ukraine receives truce proposals from India, Turkiye, Egypt, and US to protect energy and shipping
Ukraine announced it has received proposals from India, Turkiye, Egypt, and the United States to broker talks with Russia, aiming for narrow truces covering energy facilities, ports, or Black Sea comm
-
Middle East Oil Trade Shows Resilience, Producers and Buyers Adapt to Absorb Shipping Attack Risks
Middle East Oil Trade Shows Resilience, Producers and Buyers Adapt to Absorb Shipping Attack Risks
-
European natural gas prices surged past €80 per MWh due to LNG shipping risks.
European natural gas prices surged past €80 per MWh due to LNG shipping risks.
-
Middle East crisis sends tanker freight rates soaring; a supertanker chartered from the US to China costs $76 million, 10 times the pre-war rate.
Global shipping costs have surged due to the Middle East crisis, CNBC reported, citing sources. A supertanker was recently chartered to transport oil from the U.S. Gulf Coast to China for $76 million,
-
Trafigura Buys Seven Oil Tankers From SFL Amid Rising Shipping Costs
Trafigura Group bought seven oil tankers from New York-listed SFL Corp., in the latest example of how trading houses and state energy companies are acquiring vessels to ship crude and products as ship
-
Bulgaria concludes search for crew of sunken cargo ship after drone attack, confirms no survivors.
Bulgarian authorities have concluded the search for crew members of a cargo ship that sank off the country's coast following a drone attack, confirming no survivors were found. The search was called o
-
Two merchant ships were damaged, and one sank, following a drone attack in the Black Sea. Bulgaria has launched a search and rescue operation for the crew.
Bulgarian President Rumen Radev announced that two commercial vessels were attacked by drones in Bulgaria's exclusive economic zone waters around 3:00 AM local time on Tuesday (00:00 GMT). One of the
-
Vitol CEO Warns: Middle East Oil Flows Recover to 14 Million BPD, But Western Inventory Buffers Depleted, Oil Prices Could Face $200/Barrel Scenario, Shipping Crisis Deepens
Vitol CEO Russell Hardy stated that the Middle East has reshaped its oil trade through alternative routes and shuttle operations, with crude and refined product flows recovering to approximately 14 mi
-
ICE to Launch Tanker Derivatives Contracts Outside Strait of Hormuz Amid Iran War Impact on Shipping Benchmarks
Intercontinental Exchange (ICE) announced on Monday that it will launch tanker derivative contracts based on routes outside the Strait of Hormuz, in response to the ongoing disruption of the oil shipp
-
Vessel Carrying Vehicles Became Stuck on Rhine at Dusseldorf Harbor Due to Low Water Levels
A vessel carrying vehicles briefly became stuck at Dusseldorf harbor due to critically low water levels on the Rhine River, in one of the latest examples of how this year’s extreme weather is threaten
-
Oman's Duqm port plans to double its onshore crude oil storage capacity to 10 million barrels within three years and is evaluating the acquisition of very large crude carriers (VLCCs) to create an alternative hub to the Strait of Hormuz.
Oman's state energy company, OQ SAOC, is evaluating the acquisition of two supertankers for floating storage at Duqm Port, which would add a combined 4 million barrels of storage capacity, CEO Ashraf
-
UK Prime Minister Burnham announced that the UK would provide aerial refueling support to Saudi Arabia in response to Houthi attacks on Saudi oil facilities and Red Sea shipping.
UK Prime Minister Andy Burnham said on Monday that Britain will, at Saudi Arabia's request, provide it with aerial refueling support, dispatching a Royal Air Force "Voyager" tanker aircraft to assist
-
Oil tanker costs hit record $1.2 million a day as Iran war disrupts shipping, with Middle East-China rates more than doubling since late August
The shortage of the biggest supertankers has caused rates on key Middle East-China routes to more than double since late August, pushing daily costs to a record $1.2 million.
-
Tanker freight rates hit record highs, with strong earnings for VLCCs spreading to smaller vessels.
Tanker freight rates hit record highs, with strong earnings for VLCCs spreading to smaller vessels.
-
The Strait of Hormuz cargo trade has vanished, forcing businesses to find alternative routes
The Strait of Hormuz, once a transit hub for goods ranging from helium to corn, has seen its cargo trade disappear, prompting businesses to seek alternative shipping routes.
-
Global oil shipping costs have surged to historic highs, with supertankers earning over $1.2 million per day. A South Korean shipping magnate is making a massive bet, investing $7 billion, and is set to profit handsomely.
The global supertanker market is experiencing unprecedented supply-demand tightness, with soaring freight rates rendering some long-haul crude oil trades economically unviable and profoundly altering
-
Pakistan urges Iran to protect energy supplies and shipping, as high-ranking officials from both countries are set to meet.
Pakistan's Deputy Prime Minister and Foreign Minister, Ishaq Dar, spoke with Iranian Foreign Minister Abbas Araghchi on Saturday, emphasizing the importance of uninterrupted energy supplies and the sa
-
South Korea-Middle East container shipping costs rose 1.7% in August to $6,544 per 40-foot container, extending gains amid protracted geopolitical conflict, customs agency says.
South Korea-Middle East container shipping costs rose 1.7% in August to $6,544 per 40-foot container, extending gains amid protracted geopolitical conflict, customs agency says.
-
Oil Tanker Daily Hire Rate Tops $1 Million for First Time Amid Iran War and Hormuz Strait Ship Shortage
The cost of hiring an oil tanker on the industry’s benchmark trade route reached $1.035 million a day on Monday, according to data from the Baltic Exchange in London. This marks the first time the dai
-
Yemen's Houthi rebels have taken full control of the Bab el-Mandeb Strait region. Saudi Arabia's East-West oil pipeline was preventatively shut down after an attack. On the 10th, the number of vessels passing through the Bab el-Mandeb Strait plummeted to six.
Yemen's Houthi rebels have taken full control of the Bab el-Mandeb Strait region, leading to the precautionary shutdown of Saudi Arabia's East-West oil pipeline after an attack. As a result, the numbe
-
U.S. container imports reached 2.6 million TEUs in August, the third-highest monthly level on record, according to Descartes.
U.S. container imports in August rose 3% year-over-year and 22% versus August 2019, signaling resilient consumer demand despite tariffs and inflation. Shipping costs remain elevated, with Shanghai-New
-
Imperial Petroleum Inc. Q2 revenue hits record $87.1 million, H1 net profit surpasses last year's total, benefiting from Red Sea and Strait of Hormuz disruptions.
Imperial Petroleum Inc. announced its second-quarter 2026 financial results, reporting record quarterly revenue of $87.1 million. Net profit for the first half of the year reached $62.8 million, alrea
-
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
Coinbase is down 14.04% from its previous close, now trading at $138.050.
-
2
Gold prices fell to $3,883.36, hitting a near 365-day low.
-
3
Coinbase leads sell-off in crypto-related stocks after Binance's $6.3 billion hack, with Circle and Strategy shares plummeting.
-
4
NVIDIA is down 5.17% from its previous close, now trading at $202.620.
-
5
Gold is down 3.45% from its previous close, now trading at $3,883.36.
-
6
Chainalysis: Binance Hackers Deployed Unprecedented Money Laundering Tactics, Rapidly Converting $6.3 Billion in Stolen Funds
-
7
AI investing sector had a rough week with key ETFs down 4-29% and major tech stocks falling up to 25%, as investors question profitability and analysts suggest taking profits.
-
8
Broadcom is down 6.57% from its previous close, now trading at $322.333.
-
9
Trump Comments on Binance Hack as Calls for Crypto Regulation Intensify
-
10
What is ELTCOIN? Project Positioning and Market Status
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!
