Shipping Industry
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How Insurers Are Forcing Ships to Pay a 300% Premium to Cross the Strait of Hormuz
With attacks rising, carriers now face surging war-risk costs—while rerouting around Africa adds $1.5M per voyage, reshaping global…
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What Happens Next: U.S. Maritime Policy and Alternatives to the Fee
WASHINGTON, July 14 — The figure that matters for the U.S. Fifth Fleet is roughly $1.5 billion annually.…
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U.S. Proposal to Toll Strait of Hormuz Sparks Legal, Diplomatic Debate
PANAMA CITY, July 14 — The United States has a long history of imposing fees on international shipping…
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U.S. 20% Strait of Hormuz fee deepens Iran confrontation
MANAMA, July 13 — A new 20 percent fee on all cargo transiting the Strait of Hormuz, announced…
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Strait of Hormuz: UNCLOS transit passage rights under threat
TEHRAN, July 12 — The Islamic Revolutionary Guard Corps Navy has announced a closure of the Strait of…
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China Coast Guard rescues 17 after cargo ship sinks in South China Sea
On 23 January, a China Coast Guard cutter reached the stricken MV Devon Bay in the South China…
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Indian Navy Craft Collision Highlights Busy Coastal Water Risks
The recent collision between an Indian Navy vessel and a passenger ferry near Mumbai, which left at least…
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