Saudi Arabia-flagged VLCC Amzan was struck west of Yanbu on 24 August as Houthi attacks continued in the northern Red Sea, affecting crude export movements.
INEOS has received a 6,920-tonne Project ONE module in Antwerp aboard Ji Xu Xiang 88 after months of disruption linked to the Strait of Hormuz.
Suez Canal Authority will raise temporary transit surcharges from 15 July, increasing costs for tankers, gas carriers, bulkers and containerships.
The Suez Canal Authority and the International Chamber of Shipping signed an MoU and expanded cooperation as Red Sea security risks continued to reduce canal traffic and disrupt trade flows.
The Suez Canal Authority ended its 15% transit fee discount for large containerships from 7 April 2026 as limited uptake and wider Middle East shipping disruption continued to weigh on canal traffic.
Huarui Long transported a 52,033-tonnes FPSO from Singapore to Denmark, setting a new Asian record for the heaviest single cargo moved by sea.
The Suez Canal Authority reports normal two-way traffic, citing 56 daily transits and recent tonnage totals, even as some major carriers temporarily pause passages due to regional security concerns.
Maersk’s ocean unit posted an EBIT loss of $153 million in Q4 2025 and plans 1,000 layoffs in 2026 as carriers face weaker freight rates and rising capacity.
Maersk and Hapag-Lloyd will send Gemini ME11 back via the Red Sea and Suez from mid-February with naval protection, while reviewing AE12 and AE15 options under strict safety criteria.
