Jordan's Aqaba port has seen a surge in transit cargo as the US-Iran conflict has largely shut down commercial traffic through the Strait of Hormuz, according to officials at the port and terminal data.Before US and Israeli strikes on Iran…
China's state-owned shipping giant COSCO uses concealed equipment on board its ships to spy on military communications near the coastlines of target nations including the US, two senior Trump administration officials said.The officials, who spoke on condition of anonymity to…
Two supertankers carrying Saudi oil were struck by unknown projectiles within minutes of each other while transiting outbound through the Strait of Hormuz late on Monday, according to shipping intelligence and tracking firms Marisks and Kpler."The near-simultaneous incidents represent a…
IMO Secretary-General calls for an end to all unwarranted attacks on international shipping arising from geopolitical conflicts. IMO Secretary-General Arsenio Dominguez issued the following statement: "As the IMO Council considers the continued threats to international shipping and the need to…
COSCO Shipping Energy Transportation reported a 140.6 per cent increase in net profit attributable to equity holders to CNY4.556 billion ($668.9 million) for the six months ended June 30, as higher international tanker freight rates lifted earnings.Unaudited revenue rose 30.3…
Iran has added more ships it deems as non-compliant and subject to fines, confiscation or detention if they try to sail through the Strait of Hormuz, according to a government website.Tehran said on August 24 it had blacklisted 45 tankers…
