News Flash | Sea and Job

Strait of Hormuz shutdown: How port congestion and schedule chaos are hitting shippers — and what to do about it

Since the escalation of conflict in the Middle East on 28 February, the critical Strait of Hormuz has been effectively closed to major container shipping. For shippers, the result is stranded cargo, congested ports, schedules in disarray and costly surcharges. Whether...

Baltic Dry Index Snaps 4-Day Winning Run

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, halted a four-day winning streak on Tuesday, falling 0.7% to 2,024 points. The capesize index, which typically transport 150,000-ton cargoes including iron ore and coal,...

Bulk Carriers Find New Route Out of Hormuz Strait

Re-Routing Through Iranian Territorial Waters Bulk carriers sailing eastbound to exit the Middle East Gulf are seen re-routing through Iranian waters over the past 48 hours as they navigate through the Strait of Hormuz, one of the first signs of a workaround in the...

Middle East conflict: Iran navy chief warns of ‘deadly retaliation’ after US torpedo sinks IRIS Dena

Iran’s Navy chief has issued a stark warning of “deadly retaliation” after dozens of sailors were killed when the Iranian warship IRIS Dena sank in the Indian Ocean earlier this month. Speaking to state broadcaster Press TV, naval commander Shahram Irani said Tehran...

Sweden detains captain of Russian shadow fleet ship

A Swedish court has ordered the detention of the Russian captain of a ship suspected of sailing under a false flag as part of Moscow’s shadow fleet. The man, who has not been named, appeared in court in Ystad after being arrested on Friday by the Swedish Prosecution...

Stolt-Nielsen and NYK Line form strategic joint venture in Avenir LNG

Stolt-Nielsen Limited (Oslo Børs: SNI), through its subsidiary Stolt-Nielsen Gas Ltd., has today announced that it has entered into a share purchase agreement to sell 50% of Avenir LNG Limited (Avenir LNG) to Nippon Yusen Kabushiki Kaisha (NYK Line). Avenir LNG was...

Strait of Hormuz shutdown: How port congestion and schedule chaos are hitting shippers — and what to do about it

Baltic Dry Index Snaps 4-Day Winning Run

Bulk Carriers Find New Route Out of Hormuz Strait

Middle East conflict: Iran navy chief warns of ‘deadly retaliation’ after US torpedo sinks IRIS Dena

Sweden detains captain of Russian shadow fleet ship

Stolt-Nielsen and NYK Line form strategic joint venture in Avenir LNG

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