Browsing Tag
Shipping
19 posts
UAE Reports Fatal Iranian Missile Strike on Two Vessels in Strait of Hormuz
A missile attack by Iran on two tankers in the Strait of Hormuz has killed one crew member and injured eight others, according to the UAE government.
Trump Announces 20 Percent Security Levy for Strait of Hormuz Cargo
President Trump has implemented a 20 percent security charge on cargo passing through the Strait of Hormuz, declaring the U.S. as the region's guardian.
Call for NIMASA 3 Percent Levy to Support Indigenous Shipping Infrastructure
Lucky Amiwero advocates for using NIMASA's 3 percent freight levy to provide revolving loans for local maritime operators to upgrade outdated equipment and improve port efficiency.
US Demands Public Iranian Commitment to Halt Strait of Hormuz Attacks
The United States is pressuring Iran to publicly guarantee safe passage for commercial ships in the Strait of Hormuz, linking the move to ongoing negotiations aimed at resolving recent military escalations.
Tehran promises preferential Strait of Hormuz pricing for allies
Iran's ambassador to China confirmed that while service fees will be implemented for traffic in the Strait of Hormuz, allied nations can expect preferential treatment.
Strait of Hormuz shipping activity declines following weekend strike
Maritime traffic in the Strait of Hormuz saw a sharp decline following a weekend attack on a vessel and renewed tensions between the U.S. and Iran.
Tehran warns vessels against avoiding designated Strait of Hormuz path
Iranian officials have threatened stricter enforcement for ships that fail to use Tehran's designated Strait of Hormuz route, as military skirmishes between Iran and the U.S. continue to undermine a fragile regional ceasefire.
US military launches counter-strikes against Iran following repeat shipping attacks
The United States has launched new military strikes against Iranian assets following a drone attack on a commercial tanker, escalating tensions despite a recent ceasefire agreement.
Oil costs drop to pre-Iran conflict levels as shipping lanes reopen
Oil prices have returned to pre-conflict levels as commercial shipping lanes through the Strait of Hormuz begin to reopen following recent US-Iran negotiations.