War Risk Premium

Norden reported a $100.8 million net profit in Q2 2026, overcoming $30 million in Persian Gulf conflict-related costs.

Ambrey is undertaking the salvage of the tanker Caroline Bezengi, adrift off Oman with Russian oil onboard

DP World's Jebel Ali terminal experienced a 90.1% volume drop in Q2 following the Strait of Hormuz closure.

Hapag-Lloyd saw higher freight volumes and rates in Q2 2026, but the Strait of Hormuz crisis added $600M in costs

Taiwan's military conducted an anti-blockade drill, simulating merchant ship escort, amidst increasing Chinese maritime pressure.

A Ukrainian attack on Novorossiysk's naval base and grain terminals forced operations to halt, impacting Black Sea trade

Regional conflicts in key maritime chokepoints are significantly impacting risk for shipowners and charterers, requiring charterparty…

Houthi militants have reportedly targeted Saudi Arabian energy facilities and troops, escalating regional tensions and threatening crude…

Oil tanker freight rates from the Black Sea to the Mediterranean have hit record highs due to recent drone attacks

Saudi crude exports from the Red Sea are increasingly untraceable as tankers disable tracking signals to evade Houthi attacks

Russia's President Putin warns of reciprocal actions if European countries seize Russian merchant vessels.

Ukraine has paused drone attacks on oil tankers using Russia's Novorossiysk port after a US request

The IMO urges shipping to enhance Red Sea risk assessments after a fatal Houthi attack on the Tihamah vessel.

A cargo ship, TIHAMAH, was hit by a projectile off Yemen, causing several seafarer fatalities, prompting IMO condemnation

Wheat prices surged over 3% after drone attacks disrupted operations at a major Russian grain terminal in Novorossiysk.

A US Navy helicopter disabled the Panama-flagged containership Vela Nova in the Gulf of Oman using two Hellfire missiles.

A Houthi-backed attack in the Bab el-Mandeb Strait resulted in four crew fatalities on a cargo ship

A fatal Red Sea attack could reverse the trend of carriers resuming Suez Canal transits via the Bab el-Mandeb Strait

Geopolitical risks continue to influence tanker freight rates for routes east of the Suez Canal, maintaining a risk premium

Pakistan suggests the US and Iran are nearing a deal, with Qatar reporting advanced talks on Strait of Hormuz management

A blockade of the Strait of Hormuz is causing a backlog of project cargo for Saudi Arabia, impacting Chipolbrok's fleet.

Oil cargo transfers outside the Strait of Hormuz point to covert shipping practices supporting global energy markets

Typhoons have caused significant delays at Chinese terminals, leading to capacity shortages on Asia-Europe trade lanes.

A vessel was reportedly struck by a missile from a helicopter in the Gulf of Oman, prompting the crew to abandon ship.

An incident involving a containership and military units has been reported by UKMTO in the Gulf of Oman.

Geopolitical instability, including the Middle East conflict, significantly influenced shipping industry earnings in the first half.

Ukraine has reportedly agreed to avoid targeting specific non-Russian oil tankers and Black Sea export infrastructure for Kazakh crude

A deal to reopen the Strait of Hormuz is reportedly close, with key factors for global shipping to monitor.

Supertanker earnings on a critical Middle East route have surged to nearly $500,000 daily due to Persian Gulf tensions

Oil prices are rising due to supply risks in the Strait of Hormuz and unresolved US-Iran negotiations