Iran

A leading exec in liquefied gas shipping gives his take on war in the Middle East, market fundamentals and shipping stocks.

2006: Istanbul-based freight forwarder Advance International has made use of international agency plans to re-establish reliable landbridge routes between the two continents.

Will Iran retaliate after America commandeers four Iranian gasoline shipments?

An exclusive interview with Samir Madani, co-founder of TankerTrackers.com.

Tensions in the Strait of Hormuz have always been good for tanker rates and stocks — until now.

SITA committed 9,256 violations of the Global Terrorism Sanctions Regulations between 2013 and 2018 by providing services from and transiting through the U.S. to blacklisted Syrian and Iranian airlines.

Lawyers for Celadon and former Hyndman Transport employees argue over whether the U.S. company behaved badly in Canada.

U.S. cargo airlines had requested exemptions from the ban.

Treasury Secretary Steven Mnuchin said the Iranian metals industry generates billions of dollars for the regime, contributing to its nuclear weapons program.

One of few viable trade lanes between Canada and Iran could become collateral damage after Canadian Prime Minister Justin Trudeau says surface-to-air missile likely brought down Ukranian airliner with 63 Canadians aboard.

The ban follows an Iranian missile attack on U.S. military assests in Iraq.

IATA also said it is critical for governments to communicate with airlines about potential risks.

The U.S. Federal Aviation Administration said Monday, Jan. 6 that it is closely monitoring events in the Middle East “to identify potential risks to civil aviation safety.” FAA’s statement comes […]

The high-stakes wild cards to watch in what promises to be a volatile year.

VLCC rates are reaching epic levels in the wake of an attack in the Red Sea on an Iranian Suezmax tanker.

U.S. sanctions targeting a subsidiary of China’s COSCO Shipping could have far-reaching consequences.

This week, VLCC tanker rates are rising, whereas both trans-Pacific box rates and Capesize bulker rates are slipping.

The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part I: the impacts on non-tanker shipping segments.

The drone attacks were a combination of low-tech equipment versus an oil giant, creating more disruption than any time in recent history.

Treasury’s Office of Foreign Assets Control warns that companies providing bunker services must be careful not to violate the Iran sanctions, but there are exceptions.

Resit Tavan, owner of Istanbul-based Ramor Dis Ticaret Ltd., will spend 27 months in jail for conspiring to export U.S. marine equipment to Iran.

A Hong Kong firm was sanctioned this week by the Office of Foreign Assets Control for its alleged role in the illegal transshipment of U.S. technology to Iran.

PACCAR agreed to a $1.7 million settlement from the U.S. Treasury Department that its European subsidiary, DAT Trucks, illegally engaged in the sale 63 trucks to Iran between 2013 and 2015.

The Port Report focuses on another vessel being seized in the Strait of Hormuz.

The U.S. Treasury Department’s Office of Terrorism and Financial Intelligence is at the center of the country’s efforts to counter national security and terrorism financing threats.

This week, VLCC rates are going sideways, Capesize rates have reversed, and container shipping has yet to gain traction.

The already dicey relationship between the U.S. and China could get even dicier after a new sanctions decision.

On this historic headhaul edition of WTT?!?, Emily Szink joins Dooner as they cover breaking news on the oil tanker seized by Iran, protests in Mexico, what’s up with capacity […]

Geopolitical risks are escalating, increasing the risk for petroleum shipments transiting the Strait of Hormuz.

Peak oil demand “lurks like a monster in the shadows,” warns Stifel analyst Ben Nolan.

A British warship escorted a tanker through the Mideast Gulf yesterday after Iranian naval forces threatened to seize it, the latest incident rattling one of the busiest maritime trade lanes.  […]

Egypt seized a tanker loaded with Iranian crude oil in the latest incident to rattle the tense Mideast trade lane. Middle East Monitor reported that a Ukranian tanker was arrested […]

East Coast refinery outage spurs more trans-Atlantic gasoline cargoes from Europe.

Geopolitical and trade tensions are having an increasing effect on shipping rates.

Iran has denied responsibility for the attacks carried out early yesterday morning on two tankers in the Gulf of Oman, the sea immediately adjacent to the Strait of Hormuz. A spokesman for the Iranian Foreign Ministry slammed the U.S. accusations as “baseless”. Maritime security experts say commercial ships are impossible to defend.

Middle East tanker attacks could spur oil importers to bring forward purchases, increasing shipping demand.

Good day, Oil prices fell by around 2.5 percent at the start of this week, largely due to President Trump tariff threats against China. However, the U.S. sending out warships […]

Saudis and UAE are on board with filling in the gap from lost Iranian oil exports.

Markets are tightening. Full implementation of sanctions on Iranian oil could make them tighter.

Major agencies are checking in on what OPEC production was in February, and reductions are starting to bring world output level down to where the group said it wanted to get to when it met back in December.

The EIA becomes one of the first major forecasters to put a price per gallon estimate on what is going to happen to diesel prices when the new rule kicks in.

The pipelines taking oil away from the Permian are at capacity, causing a buildup of WTI inventory at the Cushing, OK storage sites and depressing the price of WTI against Brent. Prices would be even lower if Venezuela and Iran weren’t causing further worries about global supply.

Iran’s truckers are on strike in 100 cities for the second time this year, causing fuel shortages. Meanwhile, the Iranian rial is rapidly losing its value, and the country’s biggest crude oil customers are cutting it off.

Sanctions and the Iranian rial’s collapse could remove supply from global oil markets, spiking prices and spurring more production in the United States.

An analyst summarizes a talk on digital brokerage, a truckers’ strike in Iran, and the prospects for ELD legislation.

Post the U.S. pulling out of the Iran Nuclear Deal, Iran has lashed out saying the U.S. is trying to drive up oil prices to help in strengthening the US dollar.

On the earnings calls, lots of talk about driver shortages but no suggestion that companies see it as hindering their growth.

The U.S. Treasury said it would revoke authorization for aviation exports to Iran within 90 days, all but prohibiting big orders Iran placed for Boeing Co. and Airbus SE jets.

The collapse of Venezuelan oil production and fears of renewed sanctions on Iran are driving oil prices to 2014 levels, but what does that mean for the American economy and the trucking sector?