Hapag-Lloyd and representatives of the Government of India have signed a Letter of Intent (LOI) to deepen maritime cooperation and support the continued development of India’s shipping and logistics sector. The LOI was signed in Mumbai on the occasion of a meeting...

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Iranian lawmakers have proposed a plan to impose tolls and taxes on ships passing through the strategic Strait of Hormuz, local media reported on Thursday (Mar 19). Officials have said shipping conditions through the waterway will not return to those from before the...

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This sharp rise is largely driven by an almost 30% increase in the front-month Dutch TTF Natural Gas contract, a key benchmark for European gas prices. The benchmark now stands at nearly double its pre-war level. “European natural gas rose sharply, as supply risks...

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Sea Horse, a medium range tanker sailing for Cuba laden with Russian gasoil has been broadcasting it is “not under command” and that it is drifting in the Sargasso Sea for nearly three weeks. The Hong Kong-flagged tanker, which is not sanctioned, has AIS patterns that...

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The US government has issued a 60-day waiver of the Jones Act, a White House official confirmed to Platts, as the Trump administration attempts to combat rising energy prices and trade disruptions in the wake of the US-Israel war on Iran. “President Trump’s decision...

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