Topic: #shipping
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Iran and Oman agree on Strait of Hormuz shipping route
Iran announced an agreement with Oman on a proposed shipping route through the Strait of Hormuz, potentially easing restrictions that have limited access to the critical waterway since February 2026 and signaling a strategic shift in managing regional energy flows.
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Red Sea shipping hits record low after Houthi attacks on Saudi oil
Shipping through the Bab el-Mandeb Strait dropped to eleven vessels on Sunday—the lowest level in months—after Houthi attacks on Saudi Aramco facilities disrupted Middle Eastern energy export routes.
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Houthi attacks on Saudi tankers push oil prices to six-week highs
Houthi militants targeted two Saudi crude tankers in the Red Sea, raising geopolitical tensions and driving Brent crude to $94.76 and WTI to $88.01—both marking six-week highs amid shipping route security concerns.
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Red Sea insurance premiums double amid Houthi blockade
War risk insurance premiums for Red Sea shipping have more than doubled in recent days as Iran-backed Houthi rebels intensify attacks on vessels linked to Saudi Arabia and Israel, forcing many shipping companies to reroute around the Cape of Good Hope.
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Russian airstrike kills five on cargo ship at Odesa port, escalating Black Sea risk
A Russian airstrike struck a Togolese-flagged cargo ship unloading fertilizers at Odesa port on July 13, killing five people including three foreign crew members and injuring ten. The attack intensifies threats to global wheat and fertilizer supply chains already disrupted by recurring strikes on Ukrainian port infrastructure.
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Maersk raises 2025 profit guidance on European demand surge
A.P. Moller-Maersk lifted its full-year EBITDA forecast to $8-9.5 billion, citing strong container demand outside North America, but cautioned that a wave of new vessel deliveries will depress earnings significantly in 2026.