Iran

U.S. sanctions targeting a subsidiary of China’s COSCO Shipping could have far-reaching consequences.

This week, VLCC tanker rates are rising, whereas both trans-Pacific box rates and Capesize bulker rates are slipping.

The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part I: the impacts on non-tanker shipping segments.

The drone attacks were a combination of low-tech equipment versus an oil giant, creating more disruption than any time in recent history.

Treasury’s Office of Foreign Assets Control warns that companies providing bunker services must be careful not to violate the Iran sanctions, but there are exceptions.

Resit Tavan, owner of Istanbul-based Ramor Dis Ticaret Ltd., will spend 27 months in jail for conspiring to export U.S. marine equipment to Iran.

A Hong Kong firm was sanctioned this week by the Office of Foreign Assets Control for its alleged role in the illegal transshipment of U.S. technology to Iran.

PACCAR agreed to a $1.7 million settlement from the U.S. Treasury Department that its European subsidiary, DAT Trucks, illegally engaged in the sale 63 trucks to Iran between 2013 and 2015.

The Port Report focuses on another vessel being seized in the Strait of Hormuz.

The U.S. Treasury Department’s Office of Terrorism and Financial Intelligence is at the center of the country’s efforts to counter national security and terrorism financing threats.

This week, VLCC rates are going sideways, Capesize rates have reversed, and container shipping has yet to gain traction.

The already dicey relationship between the U.S. and China could get even dicier after a new sanctions decision.

On this historic headhaul edition of WTT?!?, Emily Szink joins Dooner as they cover breaking news on the oil tanker seized by Iran, protests in Mexico, what’s up with capacity on the land with WTT?!? original JP. and capacity on the water with ocean expert Henry Byers. Lincoln Duff is Off the Blockchain with concerning […]

Geopolitical risks are escalating, increasing the risk for petroleum shipments transiting the Strait of Hormuz.

Peak oil demand “lurks like a monster in the shadows,” warns Stifel analyst Ben Nolan.

A British warship escorted a tanker through the Mideast Gulf yesterday after Iranian naval forces threatened to seize it, the latest incident rattling one of the busiest maritime trade lanes.  The Ministry of Defense said that the HMS Montrose “ensured the safe passage of the merchant vessel British Heritage through the Strait of Hormuz.” International […]

Egypt seized a tanker loaded with Iranian crude oil in the latest incident to rattle the tense Mideast trade lane. Middle East Monitor reported that a Ukranian tanker was arrested 10 days ago as it was transiting the Suez Canal. News of the vessel seizure came after an Egyptian court sentenced one person and five […]

East Coast refinery outage spurs more trans-Atlantic gasoline cargoes from Europe.

Geopolitical and trade tensions are having an increasing effect on shipping rates.

Iran has denied responsibility for the attacks carried out early yesterday morning on two tankers in the Gulf of Oman, the sea immediately adjacent to the Strait of Hormuz. A spokesman for the Iranian Foreign Ministry slammed the U.S. accusations as “baseless”. Maritime security experts say commercial ships are impossible to defend.