The tankers boom, and the potential for it to seed the next downturn, was a constant talking point at the industry’s biennial Posidonia gathering in Athens, June 1-5.

While the Houthis’ statement doesn’t amount to a ban on commercial shipping in the Red Sea, maritime intelligence agency Vanguard Tech advised caution.

If shippers look to frontload imports, then carriers will look to push rates higher and higher, so the market may yet be far from its peak, warns the analyst.

The blockade is depriving Tehran of petroleum revenue and the market of millions of barrels of supply.

The authority overseeing the Central American waterway is revisiting lessons learned from Panama’s 2023-24 drought in the face of what's predicted to be a “super El Niño.”

The company has managed to send at least eight oil tankers through Hormuz during the war, far more than any other independent owner.

The Islamic Revolutionary Guards Corps claimed responsibility for the attack, saying it acted in response to U.S. strikes on an Iranian vessel.

Japanese shipowners are typically conservative, and few Japan-linked vessels have passed through the Strait of Hormuz since Tehran effectively closed off the waterway.

Some of the ships that have crossed belong to companies that hadn’t transited Hormuz since the war began.

Control over the corridor is central to tortuous negotiations between the U.S. and Iran aimed at ending the conflict.