Hormuz Crisis Traps Gulf Shipping
6, May 2026
More than 1,000 vessels remain stranded across the Gulf as restricted Hormuz traffic drives war risk premiums sharply higher.
Gulf shipping
Japan-linked crude tanker Clears Hormuz Strait
29, April 2026
Idemitsu Maru appears to have completed a rare Strait of Hormuz transit as Gulf tanker traffic remains constrained.
COSCO Reopens Gulf Bookings Amid Ongoing Market Strain
26, March 2026
COSCO has reopened Gulf container bookings, but Hormuz controls, stranded ships and weaker freight rates show pressure remains across the regional shipping market.
IMO Says 3,200 Ships Confined West of Hormuz
17, March 2026
The International Maritime Organization said about 3,200 ships carrying around 20,000 seafarers are confined west of the Strait of Hormuz ahead of an emergency council meeting in London on 18–19 March 2026 as attacks on merchant vessels continue across the Gulf region.
US Sets $20 Billion Gulf Shipping Backstop
10, March 2026
The United States introduced a $20 billion maritime reinsurance programme for eligible vessels in the Gulf, aiming to support trade flows and war-risk cover through the Strait of Hormuz.
COSCO Suspends New Gulf Bookings
5, March 2026
COSCO Shipping Lines has suspended new bookings to several Middle East destinations after a security risk review, joining major carriers avoiding the Strait of Hormuz amid rising tensions.
Trump Offers U.S. Risk Insurance for Gulf Shipping
4, March 2026
Trump ordered U.S. Development Finance Corporation to offer political risk insurance and guarantees for Gulf shipping after war-risk cover was withdrawn, and raised the option of tanker escorts.
