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Effects of Gulf Disruption Expected to Ripple Through Global Shipping

Effects of Gulf Disruption Expected to Ripple Through Global Shipping

By The Maritime Executive
March 3, 2026
  The shipping disruption from conflict in the Gulf region is only just getting started, according to new data from Clarksons and forecasts from multiple shipping analysts. Between suspended port c...
Belgium Fines Sanctioned Tanker €10M and Detains it for Safety Violations

Belgium Fines Sanctioned Tanker €10M and Detains it for Safety Violations

By The Maritime Executive
March 3, 2026
Belgium announced during a press briefing on Tuesday, March 3, that it has completed its inspection of the tanker Ethera, which it detained overnight on Saturday as it was sailing along the coast an...
Drone Strikes Reported in Fujairah and Duqm

Drone Strikes Reported in Fujairah and Duqm

By The Maritime Executive
March 3, 2026
  On Tuesday morning, drones hit an oil storage terminal at Fujairah, UAE, a key energy transshipment and bunkering hub for the Gulf region.   Tank farm sorage operations at Fujairah had already...
Zim Supports Emergency Transport to Repatriate Israelis

Zim Supports Emergency Transport to Repatriate Israelis

By The Maritime Executive
March 3, 2026
  Israel has organized a number of emergency transport efforts to aid Israelis caught overseas as the war with Iran began. Included in the efforts, a smaller Zim feeder ship has been pressed into d...
Trump: U.S. Will Provide "Risk Insurance" For All Shipping in the Gulf

Trump: U.S. Will Provide "Risk Insurance" For All Shipping in the Gulf

By The Maritime Executive
March 3, 2026
  One day after leading marine insurance underwriters decided to withdraw war risk cover for the Persian Gulf and Strait of Hurmuz, the White House has ordered a foreign-aid policy bank to begin of...
Fire Aboard Russian LNG Carrier Near Malta After Possible Ukrainian Attack

Fire Aboard Russian LNG Carrier Near Malta After Possible Ukrainian Attack

By The Maritime Executive
March 3, 2026
A Russian LNG carrier that has been sanctioned and operates in the shadow fleet is reported to be ablaze and drifting in the Mediterranean after one or more explosions. Official sources  in Malta co...
Traders Weigh Iran's Internal Politics to Figure Out Which Bets to Place

Traders Weigh Iran's Internal Politics to Figure Out Which Bets to Place

By The Maritime Executive
March 3, 2026
Oil and gas traders, as well as ship charterers, are faced with an open question as the impact of the crisis in the Gulf region deepens. If the crisis ends quickly, those with short positions in fu...
Chinese and Russian Satellite Feeds Aid Iranian War Effort

Chinese and Russian Satellite Feeds Aid Iranian War Effort

By The Maritime Executive
March 3, 2026
  At the height of the Houthis’ war on shipping in the Red Sea and Gulf of Aden, it was apparent that under IRGC tutelage, the Houthis made use of an integrated surveillance network to back up thei...
VLCC Rates Hit New Sky-High Record: $424,000 Per Day

VLCC Rates Hit New Sky-High Record: $424,000 Per Day

By The Maritime Executive
March 2, 2026
  Rates for VLCCs were already high before the U.S.-Israeli strike on Iran last weekend, but three days after hostilities began, charterers are shattering records. On Monday, spot rates for VLCC to...
Xeneta: Ocean Carriers Unlikely to Return to Red Sea in 2026

Xeneta: Ocean Carriers Unlikely to Return to Red Sea in 2026

By The Maritime Executive
March 2, 2026
  The conflict between the U.S., Israel and Iran may well put off any real hope of a return to Red Sea container ship traffic for the rest of this year, according to Xeneta chief analyst Peter Sand...

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