The prospect of Iran imposing transit fees in Hormuz has focused attention on the fragility of global supply chains.

The move would give the shipping and insurance industries some much-needed third-party assurance that the strait is safe after more than five months of military conflict.

Negotiations between the two countries have not involved the U.S., as the ongoing standoff between Iran and the Trump administration has intensified.

The threat by Iran-backed Houthi militants to attack vessels in the Red Sea has forced shipowners to reconsider sailing through the narrow Bab el-Mandeb strait.

The drone was said to have hit a U.S. floating storage and regasification vessel, with a subsequent fire spreading to a Greek-owned LNG tanker.

More than 1,500 ships trapped in the Strait of Hormuz for months have been accumulating microbial organisms at levels unprecedented in modern maritime history.

The Marseille-based company has for months confronted trade volatility due to Trump’s tariff policies and uncertainty stemming from conflicts in the Middle East

South Korean and Chinese shipyards, as well as companies like GTT, are benefiting from a wave of new LNG export terminal projects.

Shippers must add the Black Sea and the Caspian Sea to areas that are unsafe.

The falling levels on the Rhine are already disrupting freight.