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Trump Administration Details $20B Maritime Reinsurance to Get Oil Moving

Trump Administration Details $20B Maritime Reinsurance to Get Oil Moving

  With the global energy markets in disarray, the Trump administration moved quickly and, late on Friday, March 6, announced more details on its plans for a $20 billion maritime reinsurance program...

Shipping Concerns Grow as Maersk and Hapag-Lloyd Suspend Routes

Shipping Concerns Grow as Maersk and Hapag-Lloyd Suspend Routes

  Container shipping continues to reel as the war in the Persian Gulf reaches its first week, and U.S. and Israeli officials are saying it could continue for weeks. Against that backdrop, an announ...

CK Hutchison Seeks $2B in Damages from Panama as It Takes More Legal Steps

CK Hutchison Seeks $2B in Damages from Panama as It Takes More Legal Steps

CK Hutchison and its Panama-based subsidiary, the Panama Ports Company, have taken a series of additional legal steps in the ongoing dispute over the concession to operate terminals in the ports of...

Norwegian Takes Delivery on New Cruise Ship in Long-Term Growth Plan

Norwegian Takes Delivery on New Cruise Ship in Long-Term Growth Plan

Fincantieri and Norwegian Cruise Line celebrated the delivery of the Norwegian Luna, the second ship in the company’s Prima Plus class and the midpoint of a six-ship order, which will later be follo...

Insurance and Naval Escorts May Not be Enough to Reboot Gulf Shipping

Insurance and Naval Escorts May Not be Enough to Reboot Gulf Shipping

War risk at the Strait of Hormuz continues to deter shipowners from venturing near to Iran, and AIS-active traffic remains 90 percent below normal levels, according to MarineTraffic. Despite the haz...

Oman Rescues Crew of UAE Containership Struck by Missile

Oman Rescues Crew of UAE Containership Struck by Missile

A small feeder containership, Safeen Prestige, became the fourth vessel targeted by the Iranians in and around the Straits of Hormuz over the past 24 hours. The Royal Navy of Oman reports it evacuat...

Report: MSC and BlackRock Push to Complete Hutchison Deal for Port Ops

Report: MSC and BlackRock Push to Complete Hutchison Deal for Port Ops

Nearly a year after the deal was first announced for a consortium of MSC Mediterranean Shipping Company and U.S. investment group BlackRock to acquire the global port operations of Hong Kong-based C...

Jebel Ali Port Resumes Operations as Most Regional Ports Remain Operational

Jebel Ali Port Resumes Operations as Most Regional Ports Remain Operational

  After widespread reports of a possible missile strike and a fire at the Jebel Ali Port in Dubai, operations resumed on Monday. Most ports across the Middle East report operations are continuing d...

Container Lines Adjust to New Risks in Strait of Hormuz and Red Sea

Container Lines Adjust to New Risks in Strait of Hormuz and Red Sea

Following the exchange of attacks between Iran, its neighbors and American forces in the Mideast, ocean carriers are proceeding with caution. For safety, many have paused Hormuz transits for now. In a...

Cruise Lines Navigate Gulf Conflict Amidst Continued Iranian Strikes

Cruise Lines Navigate Gulf Conflict Amidst Continued Iranian Strikes

  Given the centrality of the oil trade to the GCC states, tankers have rightfully received the most attention of any vessel class in the new conflict in the Gulf. But cruising is increasingly popu...