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US Government to Provide Insurance for Ships Passing Through Strait of Hormuz
Mar 3, 2026 ... US government is set to provide insurance to ships passing through the Strait of Hormuz, in an effort to keep energy shipments flowing despite the conflict in the Middle East. President ...
Oil Rally Capped As Trump Vows Safe Passage Of Hormuz Tankers
Mar 3, 2026 ... president Donald Trump promising the U.S. military will escort oil tankers through the Strait of Hormuz and provide insurance dented a two-day rally of oil prices on Tuesday that had ...
LNG Price Spike Not Yet Sufficient to Drive Switch to Conventional Bunkers
Mar 3, 2026 ... LNG prices have jumped significantly relative to oil since the outbreak of conflict in the Middle East over the weekend, the price spike thus far appears not to be large enough to encourage a ...
70-80% of Fujairah Bunker Barges Now Not Operating: Spotbarge
Mar 3, 2026 ... fuels location, has seen a sharp drop in bunkering activity since the outbreak of conflict in the Middle East over the weekend. Analytics firm Spotbarge, which analyses bunkering activity based ...
Middle East Conflict: Impact So Far for Shipping & Bunkering
Mar 3, 2026 ... morning, killing Ayatollah Ali Khamenei and several other government figures. This prompted a wide-ranging response from Iran, with attacks launched at US bases across the region, including as ...
Drone Crash Incident Reported at Salalah Port
Mar 3, 2026 ... has reportedly crashed in the vicinity of Salalah Port in Oman. Two drones were intercepted mid-air, while a third came down near the port on Tuesday, state-backed Oman News Agency reported on ...
Performance Shipping Orders Two Scrubber-Fitted Tankers from China
Mar 3, 2026 ... Trading and Shanghai Waigaoqiao Shipbuilding for the construction of two vessels, it said in a statement on its website on Monday. Each vessel is priced at $81.5 million, with ...
New Drone Attack Reported on Bunkering Terminal at Port of Duqm
Mar 3, 2026 ... told Ship & Bunker. "We don't have any more information yet," the source said. The state-backed Oman News Agency reported several drones targeted fuel tanks at the port ...
Fire at Fujairah Oil Industry Zone Brought Under Control
Mar 3, 2026 ... debris after air defence systems intercepted a drone, the Government of Fujairah Media Office said in a social media post on Tuesday.  Officials confirmed that no injuries were ...
AYK Energy to Supply Battery System for German Research Vessel
Mar 3, 2026 ... on the diesel-electric ship being developed for the Alfred Wegener Institute, the company said in an email statement on Tuesday.  Weighing 131 tonnes, the system is scheduled for ...