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News
Kuwait Petroleum Offers Oil, Refined Fuel Outside the Strait of Hormuz
4+ day, 19+ hour ago (282+ words) Kuwait Petroleum Corp is offering the option of ship-to-ship transfers of its crude oil and petroleum products outside the Strait of Hormuz to its buyers for safe transportation to final destinations, a company official said on Wednesday. "We are offering…...
Iran Creates Oil Bonanza for the Americas
1+ week, 6+ day ago (910+ words) Ron Bousso September 1, 2026 From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran war by capturing market share lost by Middle Eastern exporters. The renewed focus on energy security globally could transform this emergency…...
Turkey Increases Diesel Imports From US, India
2+ week, 3+ day ago (127+ words) maritimeprofessional.com Turkey Increases Diesel Imports From US, India Turkey increased its imports of diesel from the United States and India in August to record levels, shipping data showed, as a Russian ban on diesel exports and wider disruption caused…...
Russian Oil Freight Rates Spike On Security Risks, Vessel Availability
2+ week, 5+ day ago (402+ words) Freight rates for tanker shipments of Russia's flagship Urals crude from western ports to India, the grade's main market, have surged in August as strong demand for vessels and mounting security risks linked to carrying Russian oil drove up costs,…...
UAE Trade Pause, US Sanctions Threaten Indian Exports to Iran
2+ week, 6+ day ago (446+ words) Planned new U.S. sanctions on Iran and the UAE's halt on Tehran trade could severely disrupt Indian exports of rice, tea and pharmaceuticals to Iran, which have been largely routed through Dubai's port in recent years, Indian exporters said on Monday....
Decrepit Port Infrastructure has Vessels Stacked Off Venezuela
3+ week, 3+ day ago (143+ words) maritimeprofessional.com Decrepit Port Infrastructure has Vessels Stacked Off Venezuela Venezuela's dilapidated oil port terminals are imposing a de facto export cap on the country's resurgent crude production, with tankers having to wait up to 30 days to load because of…...
Ships Trickle Through Strait of Hormuz
3+ week, 3+ day ago (232+ words) Seven commodity ships sailed along the Strait of Hormuz on Thursday, just half the previous day's tally, showed data from shiptracker Kpler, amid concern over risk to Middle East shipping as U.S.-Iran peace talks remain in limbo. Of the total,…...
Houston Ship Channel Trade Tonnage Climbs 16%
3+ week, 3+ day ago (218+ words) Trade activity across the Houston Ship Channel region remained strong, while Port Houston gained momentum with increases in imports, empties and a modest decline in exports. “Our region remains resilient through evolving global trade conditions. Vessel activity in the nation’s…...
Iraq to Export Crude via Multiple Outlets
3+ week, 5+ day ago (208+ words) Iraq's cabinet approved mechanisms for exporting Iraqi crude through specialized international and local companies and via multiple export outlets, the government said on Tuesday. The contracts under the new mechanism will run for three months starting September 1, according to a…...
Hormuz Crossings Rise Slightly from Weekend
3+ week, 6+ day ago (300+ words) Ship crossings via the Strait of Hormuz were still in single digits on Monday, despite rising slightly from the weekend, according to preliminary shipping data on Tuesday, amid a stalemate in U.S. and Iranian peace talks. Six commodity ships transited the…...