Global Bunker Prices
Last update --:-- UTC

Maersk Keeping Strait of Hormuz Transits Suspended as Ceasefire Confidence Wavers

Maersk Keeping Strait of Hormuz Transits Suspended as Ceasefire Confidence Wavers

FILE PHOTO: Container vessel Maersk Hangzhou sails in the Wielingen channel, Westerschelde, Netherlands, July 15, 2018. Rene van Quekelberghe/Handout via REUTERS/File Photo
Maersk Keeping Strait of Hormuz Transits Suspended as Ceasefire Confidence Wavers
Mike Schuler
Total Views: 1
May 12, 2026
A.P. Moller – Maersk said Tuesday it is continuing to avoid transits through the Strait of Hormuz amid uncertainty surrounding the fragile ceasefire between the United States and Iran, underscoring the shipping industry’s ongoing lack of confidence in the security situation across the Persian Gulf.
In its latest Middle East operational advisory issued Tuesday,
Maersk
said the situation remains, “highly volatile,” “deeply dynamic,” and warned that “full maritime certainty” has not yet been restored.
“Volatility persists in the situation.

Newbuilding Activity Growing, While More Deals Evident in the Second Hand Market

Newbuilding Activity Growing, While More Deals Evident in the Second Hand Market

Newbuilding Activity Growing, While More Deals Evident in the Second Hand Market
in
Dry Bulk Market
,
Hellenic Shipping News
13/05/2026
S
hip owners are increasing their activity in the market for newbuildings and second hand vessels. In its latest weekly report, shipbroker Banchero Costa said that in the newbuilding market, “in the bulk sector, China’s Jiangmen Nanyang Shipbuilding secured an order for 8 x 40,500 dwt bulk carriers from undisclosed interests. Price is $30 mln each, with deliveries scheduled from January 2029 through December 2031.

Bing, Bing, Gone: Is Trump Underestimating Iran’s Fast Attack Craft?

Bing, Bing, Gone: Is Trump Underestimating Iran’s Fast Attack Craft?

A screenshot of a video showing fast-attack craft from Iran’s Islamic Revolutionary Guard Corps Navy swarming Panama-flagged oil tanker Niovi as it transited the Strait of Hormuz, May 3, 2023. Navy Photo
Bing, Bing, Gone: Is Trump Underestimating Iran’s Fast Attack Craft?
Mike Schuler
Total Views: 886
May 12, 2026
President Donald Trump’s latest social media bravado about Iranian “fast attack ships” may play well online, but maritime security experts and even the U.S. military’s own assessments suggest the threat posed by Iran’s swarm-boat tactics is far more serious than the memes imply.
The White House on Tuesday amplified a stylized image shared by Trump depicting U.S.

Supply-Chain Stress That Peaked in Covid Heads Higher Again

Supply-Chain Stress That Peaked in Covid Heads Higher Again

A drone view shows a ship and containers at the Port of Santos, in Santos, Brazil April 3, 2025. REUTERS/Amanda Perobelli
Supply-Chain Stress That Peaked in Covid Heads Higher Again
Bloomberg
Total Views: 1
May 12, 2026
(Bloomberg) — The impact of the energy crisis on the global economy in recent months is showing up in gauges of supply-chain stress that flashed red during the
pandemic
, adding to reasons for central banks to be on guard for a recurrence of high inflation.
The following dashboard of logistics activity shows that some gauges are at their highest since the 2020-23 period, when economies locked down, shortages emerged and shipping snarls persisted.
While the indexes are still far from their Covid highs, they reflect disruptions to global trade from the Iran war that bear some similarities to what happened back then. Logistics captures the movement of goods between suppliers, factories and final consumers, and accounts for an estimated 10% of world GDP, showcasing its impo

Greek operators meet evolving connectivity demands with Inmarsat NexusWave

Greek operators meet evolving connectivity demands with Inmarsat NexusWave

Greek operators meet evolving connectivity demands with Inmarsat NexusWave
gCaptain
Total Views: 0
May 12, 2026
I
nmarsat’s fully managed multi-network connectivity service is facilitating fleetwide digital transformation for a growing cohort of Greek ship owners and managers.
As the world’s leading ship owning nation, Greece is pivotal to the pace of maritime digitalisation. Local engagement with predictive analytics, voyage optimisation tools, real-time emissions monitoring, and internet access for crew offers one benchmark for shipping at global scale.
While IoT-based decision-making tools can enhance operational safety and efficiency, however – and facilitate straightforward regulatory compliance – they also increase the demands on fleet connectivity.
Inmarsat Maritime, a Viasat company, is supporting the Greek shipping industry’s digital transformation through its fully managed multi-network service, NexusWave. Rather than switching between networks, NexusWave intelligently bonds

Iran War Ceasefire Fragile as US Rejects Tehran’s Latest Offer

Iran War Ceasefire Fragile as US Rejects Tehran’s Latest Offer

Vessels in the Strait of Hormuz, Musandam, Oman, April 27, 2026. REUTERS/Stringer TPX IMAGES OF THE DAY
Iran War Ceasefire Fragile as US Rejects Tehran’s Latest Offer
Bloomberg
Total Views: 1
May 12, 2026
By Kate Sullivan and Salma El Wardany
May 12, 2026 (Bloomberg) –Shipping traffic in the Strait of Hormuz remained at a standstill on Tuesday, with oil rising after US President Donald Trump rejected Iran’s latest offer and suggested the ceasefire may not hold.
Speaking to reporters in the Oval Office, Trump called Iran’s response to his proposal a “piece of garbage” and said the ceasefire was on “life support.” The comments came as Trump prepares to meet Chinese President Xi Jinping in Beijing on Thursday — a high-stakes meeting that he will enter under economic and political strain back home.
Read More:
Trump to Meet Xi Thursday for High-Stakes US-China Summit
Iran responded to last week’s US peace proposal by demanding a lifting of Washington’s naval blockade and sanctions relie

Planes With Hantavirus Cruise Passengers Land in the Netherlands; Hospital Quarantines 12

Planes With Hantavirus Cruise Passengers Land in the Netherlands; Hospital Quarantines 12

The cruise ship MV Hondius, affected by a hantavirus outbreak, at the port of Granadilla de Abona, Tenerife, Spain May 11, 2026. REUTERS/Borja Suarez
Planes With Hantavirus Cruise Passengers Land in the Netherlands; Hospital Quarantines 12
Reuters
Total Views: 1
May 12, 2026
AMSTERDAM, May 12 (Reuters) – Two planes with 28 passengers from the MV
Hondius
cruise ship, which was hit by a hantavirus outbreak, landed in the Netherlands on Tuesday and a Dutch hospital treating a hantavirus patient quarantined 12 staffers in a preventative measure.
The planes landed at Eindhoven Airport shortly after midnight, carrying eight Dutch nationals. Other passengers of different nationalities will continue on to their home countries from the Netherlands, authorities previously said.
The Dutch hospital staff members were placed into preventive quarantine for six weeks after blood and urine were handled without updated and more strict protocols, the Radboudumc hospital in the city of Nijmegen said, add

Piraeus Port rises on back of stronger ties

Piraeus Port rises on back of stronger ties

Piraeus Port rises on back of stronger ties
in
Port News
13/05/2026
Since China COSCO Shipping Corp officially took over its operations a decade ago, Piraeus Port in Greece has transformed from an aging facility into a highly coordinated global hub, achieving remarkable growth in capacity, revenue and technological advancement.
In 2016, the annual container throughput of the port was approximately 680,000 TEUs (twenty-foot equivalent units), ranking 93rd globally with outdated facilities and limited capacity. Today, it has become one of the busiest ports in the Mediterranean, with annual throughput exceeding 5.6 million TEUs, ranking as high as 25th globally.
Over the past decade, the transformation of the port’s “hard power” has been the most intuitive. Terminals have been continuously extended, deep-water channels dredged, automated equipment gradually put into use, and bridge cranes and yard systems constantly upgraded.

Foreign Operators of M/V Dali Indicted Over Fatal Baltimore Bridge Collapse

Foreign Operators of M/V Dali Indicted Over Fatal Baltimore Bridge Collapse

A view of the Dali cargo vessel which crashed into the Francis Scott Key Bridge causing it to collapse in Baltimore, Maryland, U.S., March 27, 2024. REUTERS/Mike Segar
Foreign Operators of M/V Dali Indicted Over Fatal Baltimore Bridge Collapse
Mike Schuler
Total Views: 93
May 12, 2026
Federal prosecutors have brought criminal charges against the foreign ship management companies and a technical superintendent tied to the catastrophic collapse of Baltimore’s
Francis Scott Key Bridge
, marking a major escalation in the legal fallout from one of the most devastating U.S. maritime infrastructure disasters in decades.
The Justice Department announced Tuesday that Singapore-based Synergy Marine Pte Ltd, Chennai-based Synergy Maritime Pte Ltd, and technical superintendent Radhakrishnan Karthik Nair have been indicted on charges including conspiracy to defraud the United States, obstruction, false statements, and failing to immediately notify the U.S.

OOCL Appeals $45 Million FMC Judgment in High-Stakes Pandemic Shipping Case

OOCL Appeals  Million FMC Judgment in High-Stakes Pandemic Shipping Case

Photo: Shutterstock/MartinLueke
OOCL Appeals $45 Million FMC Judgment in High-Stakes Pandemic Shipping Case
The Loadstar
Total Views: 0
May 13, 2026
By Alexander Whiteman (The Loadstar) – Shippers will be watching with bated breath following OOCL’s decision to challenge the record
$45m fine
it was handed by the US Federal Maritime Commission (FMC).
The carrier is appealing not only against the amount of the reparation, but the FMC’s jurisdiction to hear the case.
Last month, the regulator
hit the carrier
with the fine after finding in favour of bankrupt US shipper Bed, Bath and Beyond’s administrator’ Butterfly-1, which claimed OOCL’s service during the pandemic was not in accord “with service contracts or refusal to deal”.
The Chinese box line has responded with a filing to the US District Court, seeking to overturn the FMC’s decision on the basis its in-house adjudication was unconstitutional, because such cases should be determined by juries in federal court.
The filing contends tha