When the strait closes: How tanker charterers navigate the Hormuz crisis

Tanker chartering professionals are no strangers to volatility. Rate spikes, laycans slipping, last-minute compliance checks,  that is just the backdrop of a normal week. But the crisis that erupted on February 28, 2026 is a different category of disruption altogether. The effective closure of the Strait of Hormuz – one of the world’s most critical …

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Liberian Registry to Introduce Electronic Seafarer Documents

The Liberian Registry, the world’s largest ship registry, will soon introduce electronic seafarer documents as part of its commitment to digital innovation and compliance. In doing so, the benefits of these efforts extend across the entire maritime industry, supporting all stakeholders as we navigate the complexities of the current global operating environment. For Shipowners, enhanced …

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The Week in Alt Fuels: Fuel reckoning

A war-driven oil shock has once again exposed shipping’s vulnerability to fossil fuel dependence and reinforced the need to shift to low- and zero-emission bunker fuels. The ongoing Middle East conflict and the closure of the Strait of Hormuz have roiled global oil and gas markets. The front-month ICE Brent crude futures contract topped $100/bbl …

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Statement of the Eritrean Seaman Union on Maritime Security and Seafarer Protection in the Gulf and Red Sea

The Board of Directors of the Eritrean Seaman Union expresses its sincere sympathy to the people of the Gulf region and extends its wishes for peace and stability amid the current tensions. The recent unpredictable incidents across Gulf waters have created danger and uncertainty, and our thoughts are with all those affected. At present, thousands …

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Italy denies negotiating safe passage through Hormuz Strait with Iran

Italy is not conducting negotiations with Iran to secure safe passage through the Strait of Hormuz for Italian vessels or oil tankers, an Italian foreign ministry source said on Friday. The statement contradicts a report published by the Financial Times suggesting such talks were taking place. “In their diplomatic contacts, Italian leaders want to favour …

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NYK Group fully acquires Saga Welco AS, a leading open-hatch vessel operator

On March 11th, NYK Group company, NYK Holding (Europe) B.V. (“NHE”), reached an agreement with the Norwegian shipping company Westfal- Larsen Group to fully acquire Saga Welco AS (“Saga Welco”). Saga Welco, a Norwegian shipping operator specializing in transporting cargo via open-hatch vessels*, is currently jointly owned by NHE and the Westfal-Larsen Group, with each …

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