Shipping
Islamic regime launches Persian Gulf Strait Authority, ships reportedly start paying tolls
Ships transiting the Strait of Hormuz now face tolls and strict Iranian oversight as Tehran launches the Persian Gulf Strait Authority, with JPMorgan forecasting 11‑figure annual revenue from tolls.
Shippers Hapag-Lloyd, CMA CGM suspend Cuba bookings after US executive order
CS Anthem chemical tanker was second US-flagged vessel to exit Strait of Hormuz
European freight firms benefit from war-driven supply chain disruption
Zim shipping brings in $373m net profit in second quarter of 2024.
"We expect stronger performance in the second half of 2024 compared to the first half due to ongoing supply constraints from the unresolved Red Sea crisis," CEO Eli Glickman said.
Houthis damage cargo ship in Gulf of Aden as it steps up attacks
Lobivia was in the Gulf of Aden when the missiles struck two areas on its port side, the Joint Maritime Information Center (JMIC) said in an incident report.
Merchant vessel reports two explosions west of Yemen's Mocha, Ambrey says
The Houthis have been launching drone and missile strikes on shipping routes in the Red Sea and Gulf of Aden since November, claiming to act in solidarity with Palestinians in Israel's war in Gaza.
Iranian warship suffers accident in port of Bandar Abbas, several suffering minor wounds
The Sahand frigade is part of the Southern Fleet of Iran's Navy.
Shufersal cancels a significant benefit and customers are angry
Shufersal cancels shipping discount for orders over NIS 750; all deliveries now cost NIS 30, sparking anger among customers; Company cites rising costs for fee update.
Ship off Yemen coast reports explosion nearby, says UKMTO
Yemen's Iran-aligned Houthi group has been launching drone and missile strikes in shipping lanes since November, saying that it acts in solidarity with Palestinians in Israel's war in Gaza.
Houthis claim attacks on two ships in Red Sea and Indian Ocean, one hit by uncrewed aerial system
In dozens of attacks, the Houthis have sunk two vessels, seized another and killed at least three seafarers.
Treasury Dept. slaps more sanctions on individuals, entities involved in Houthi weapons procurement
According to a statement from the State Department, Monday's sanctions include three individuals and six entities that facilitated weapons procurement for the Houthis.
Mariner severely wounded in Houthi missile strike on cargo ship, US says
On Wednesday, CENTCOM announced that it had destroyed three anti-ship cruise missile launchers, and one unmanned aerial system in a Houthi controlled area of Yemen.
Two vessels catch fire after missile strikes off Yemen's Aden
"The ship was heading southwest along the Gulf of Aden at speed 8.2kts when the forward station was struck by a missile. A fire started but was neutralized," Ambrey said in an advisory note.
