Iran and Oman have almost finalised an agreement on a shipping corridor in the Strait of Hormuz, but this does not mean the strait will be reopened, said Hassan Ghashghavi, spokesperson for the Iranian Parliament’s National Security and Foreign Policy Committee,...

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The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, advanced for a second session on Friday, rising about 1% to 3,370 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore...

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Secretary General of the International Chamber of Shipping (ICS), Thomas A. Kazakos, addressed the United Nations Security Council on the critical importance of protecting maritime security, freedom of navigation, and the established international legal framework...

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More concrete timelines are making ammonia bunkering look less like a pipe dream. But recent leaks underscore the safety concerns as plans move closer to reality. Chinese shipping firm Shenghang Shipping’s converted ammonia carrier has achieved operational readiness...

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Last week the risk spread west. This week the two chokepoints stopped taking turns. Saudi Arabia and the Houthisexchanged fresh strikes as fighting around Yemen’s Red Sea coast continued, while Iran’s Revolutionary Guards said they struck and detained a Togo-flagged...

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