Shipping

The Trump administration has threatened countries supporting a proposed carbon tax on global shipping with visa restrictions, tariffs, and port fees. Despite this pressure, a slim majority of nations backed the original Net-Zero Framework at a recent U.N. meeting.

May 08, 2026 Reported by AI

U.S. military forces struck two Iranian oil tankers Friday in the Strait of Hormuz after exchanging fire with Iranian forces overnight. The attacks came amid efforts to enforce a blockade and followed reported Iranian missile and drone strikes on the United Arab Emirates.

The Suez Canal Economic Zone (SCZONE) announced the arrival of the MV PAROSHIP at East Port Said Port, the largest dry bulk carrier to ever berth at an Egyptian port. The vessel arrived on Sunday from Mauritania carrying about 180,000 tonnes of cargo, exceeding previous Capesize vessels. The event highlights the port's growing capacity.

April 02, 2026 Reported by AI

Djibouti’s Doraleh Multipurpose Port, the country’s largest facility, has stated it has enough capacity to handle an influx of cargo vessels rerouted due to the Persian Gulf conflict. Ships diverting from Jebel Ali Port are joining regular Ethiopian transit and transshipment operations without causing congestion. Officials emphasized ample storage and berthing space during a visit on April 7.

Mitsui O.S.K. Lines announced on March 11 that one of its container ships anchored in the Persian Gulf was found damaged. No crew members were injured, and the vessel remains seaworthy. The cause is under investigation.

March 09, 2026 Reported by AI

In a new escalation of the dispute over Panama's seizure of ports operated by Hong Kong-based CK Hutchison, Beijing has summoned representatives from shipping giants Maersk and Mediterranean Shipping Company (MSC) to discuss their operations. The Chinese foreign ministry's brief statement on Tuesday provided no specific details but signals potential warnings to foreign firms involved.