Jones Act Waiver to have a Limited Impact on Demand

Jones Act Waiver to have a Limited Impact on Demand
The US government’s 60-day waiver could improve regional supply logistics, but the incremental demand for international tankers is expected to remain limited. Freight rates are surging on the imminent need to transport products, but a prolonged disruption of the...
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Iran charges transit fees on vessels in Strait of Hormuz

Iran charges transit fees on vessels in Strait of Hormuz
Iran has begun imposing transit fees on commercial vessels passing through the Strait of Hormuz, marking an expansion of Tehran’s control over the critical maritime energy corridor. The fees, reaching up to $2 million per voyage, are being requested on an informal...
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