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Middle East shipping insurance costs rise on Hormuz risks: Marsh

Fri, 24 Jul 2026 10:00:59 +0000
Marine insurance premiums for ships transiting the Strait of Hormuz have surged as attacks on tankers intensify, with underwriters growing increasingly reluctant to provide coverage, while the Red Sea situation remains nuanced, according to a senior manager at insurance brokerage Marsh. The sharp increase in war risk insurance costs threatens to further disrupt crude flows ...

Global shipping faces fresh turmoil after Houthi warning on Red Sea route

Fri, 24 Jul 2026 10:00:57 +0000
The conflict in the Middle East has opened a dangerous new front after Yemen’s Houthi rebels threatened to block Saudi-linked shipping through the Bab el-Mandeb Strait, one of the world’s busiest maritime corridors. The move has heightened concerns that two of the region’s most critical oil routes could face simultaneous disruption, increasing pressure on global ...

ENGINE: Americas Bunker Fuel Availability Outlook

Fri, 24 Jul 2026 10:00:55 +0000
North America In the port of Houston, bunker demand has ticked up over the past week, while availability of all three conventional fuel grades is normal, a trader tells ENGINE. Recommended lead times for VLSFO and HSFO are at 5-6 days, and LSMGO is available from most suppliers with lead times of 3-4 days. In ...

Freight Rates Fall Despite Hormuz Crisis

Fri, 24 Jul 2026 10:00:53 +0000
Despite the escalating geopolitical crisis in the Middle East, global container freight rates are showing stability, falling for two consecutive weeks. The market analyzes this as a result of actual supply and demand factors, such as the slowdown in early shipment demand from the United States and the expansion of vessel supply, being reflected in ...

OneLearn Global launches specialist training course to strengthen collaboration with Filipino seafarers

Fri, 24 Jul 2026 10:00:51 +0000
Leading eLearning platform OneLearn Global, member of OneCare Group, has launched a specialist maritime training course designed to help shipping companies improve communication, leadership and collaboration with Filipino seafarers, one of the most important workforces in global shipping. Filipino seafarers play a vital role in keeping global trade moving, serving across vessel types, ranks and ...

BMT expands international maritime design expertise with One2three acquisition

Fri, 24 Jul 2026 10:00:49 +0000
BMT has acquired Australian naval architecture business One2three Naval Architects, further strengthening its position in independent global commercial and specialist vessel design. The acquisition expands BMT’s ability to support customers delivering complex vessel programs across international markets and broadens its strengths in maritime design across ferries, specialist craft, autonomy and advanced vessel technologies. Founded in ...

Tankers make sharp U-turns after Houthi shipping threat

Thu, 23 Jul 2026 21:00:59 +0000
At least seven oil tankers have made U-turns close to Yemen since the Iran-linked Houthi group announced a “maritime embargo” against Saudi Arabia on Monday, ship-tracking data shows. All of the ships were travelling either to or from Saudi ports and made sharp changes of course after the embargo was announced. Nearly 15% of global ...