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Top Stories. Exclusive: Previously unreported insurance arrangements reveal how sanctions on a Russian insurer have complicated efforts to stabilise the stranded tanker Caroline Bezengi as a growing oil spill threatens Oman's coastline.

News

News Lloyd 2 months ago
Ships keep moving through Hormuz despite strike and suspension of IMO exit strategy
Despite the IMO freezing its evacuation plan after Ever Lovely was struck, ships are still moving through both Hormuz routes as operators weigh conflicting signals from Iran and the risks of staying put
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News Lloyd 2 months ago
Iran imposes mandatory insurance on ships transiting Strait of Hormuz, with fees likely to follow
Iran has asserted its control over the Strait of Hormuz, insisting that vessels comply with new terms and conditions to transit, including mandatory Iranian insurance for all vessels
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News Lloyd 3 months ago
Hormuz crisis side effect: a sharp rise in container shipping rates
Spot container freight rates continue their ascent as ocean carriers pass along much higher fuel costs resulting from the effective closure of the Strait of Hormuz. If the strait doesn't reopen soon, the impact on container market could intensify
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News Lloyd 5 months ago
Tehran's 'toll booth' system is now controlling Hormuz traffic
Iran's IRGC has imposed a de facto 'toll booth' regime in the Strait of Hormuz, requiring vessels to submit full documentation, obtain clearance codes and accept IRGC-escorted passage through a single controlled corridor
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News Lloyd 5 months ago
Iran establishes 'safe' shipping corridor for approved and paid for transits
Iran has created a de facto 'safe' shipping corridor through its territorial waters in the Strait of Hormuz, offering vetted vessels passage in exchange for approval - and in at least one case, a reported $2m payment
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