U.S. and China Agree: No Shipping Tolls in Strait of Hormuz
Vessels in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026. Amirhosein Khorgooi/ISNA/WANA (West Asia News Agency) via REUTERS
U.S. and China Agree: No Shipping Tolls in Strait of Hormuz
Reuters
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May 13, 2026
By Michael Martina
WASHINGTON, May 12 (Reuters) – Senior U.S.
Davie Defense Finalizes $3.5 Billion U.S. Coast Guard Arctic Security Cutter Deal
A rendering of a future Arctic Security Cutter awarded to Davie Defense, part of the U.S. Coast Guard’s expanded icebreaker fleet, operating in polar waters as Washington moves to close the U.S. Davie Defense Image
Davie Defense Finalizes $3.5 Billion U.S.
Coal demand in April rises in line with our expectations
Coal demand in April rises in line with our expectations
in
Dry Bulk Market
,
International Shipping News
14/05/2026
The war in Iran and subsequent constriction of energy commodity flows appear to have been supportive of coal demand, as flows in April rise y/y for only the second time in 2026 so far.
Global seaborne coal flows increased by 6% y/y in April 2026.
Coal flows to China and India decreased by over 13% in April 2026.
The increase was driven by flows to Japan, the Republic of Korea, and Vietnam, which saw combined flows increase by 22% y/y in April 2026.
The disruption of energy commodity flows from the Gulf, particularly LNG, has led large energy-consuming nations to seek coal to secure power requirements.
Signal Ocean recorded global seaborne coal flows at 115mt in April 2026, up 6% y/y, marking only the second month in 2026 so far that coal flows have seen a y/y increase. This rise came despite the two largest coal importers, China and India, both seeing declines of 16% and
Hormuz LNG breakthrough: Four LNGCs eye the exit
Hormuz LNG breakthrough: Four LNGCs eye the exit
in
International Shipping News
14/05/2026
O
n 11 May, Al Kharaitiyat broke through Hormuz, heading for Port Qasim — the first Qatari LNGC to test supply resumption. The Q-flex LNGC loaded the cargo at Qatar’s Ras Laffan, igniting the discussions over supply resumption through the Strait of Hormuz.
Four more LNGCs eye the exit – LNGC Mizhem could reach Pakistan by 13 May
As of 11 May, 13 LNGCs remain inside the Strait of Hormuz, according to Drewry AIS, among which four laden LNGCs, including Disha, Patris, Mihzem and Al Daayen, have been showing patterns similar to those observed by Al Kharaitiyat – first loading at Ras Laffan, followed by AIS spoofing and exiting the Strait.
The similar trails suggest that more LNGCs are likely preparing to exit the Gulf. Among the four LNGCs, Mihzem could be the next to pass the Strait and reach Pakistan thereafter by 12 May 2026.
While two Adnoc LNGCs (One laden and one ballast) have exited the Strait
Hormuz oil shock tilts shipping towards alternative fuels
Hormuz oil shock tilts shipping towards alternative fuels
in
International Shipping News
,
Shipping: Emission Possible
14/05/2026
A
lternative fuels more attractive now as oil shoots higher
The Middle East conflict and blockade of the Strait of Hormuz have disrupted oil supply and pushed shipping fuel prices, like marine gas oil (MGO), sharply higher. In this environment, fuel strategy is no longer just about cost, but also about securing supply and managing price risks. At the same time, higher prices and greater uncertainty are shifting the relative economics of alternative fuels, even as regulatory progress has slowed with the delayed introduction of a global carbon price under the IMO’s Net Zero Framework.
Prices for Marine Gas Oil spiked due to the closure of the Strait of Hormuz
Our modelling shows how the costs and economics of renewable fuels of non-biological origin (RFNBOs) – also called synthetic or e-fuels – change in a high oil price scenario, from a Northwest European per
Ship Recycling Markets Remain Firm With Bangladesh Leading
Ship Recycling Markets Remain Firm With Bangladesh Leading
in
Hellenic Shipping News
14/05/2026
D
espite challenging overall conditions, the ship recycling markets remained firm, with a clear edge from Bangladeshi recyclers. In its latest weekly report, Best Oasis (
www.best-oasis.com
), a leading cash buyer of ships, said that “the Indian local market remains good, with overall sentiment holding steady. However, the exchange rate remains very high, restricting India’s ability to compete with Bangladesh and Pakistan on regular tonnage.
Severe weather and Middle East conflict: Hapag-Lloyd Q1 result unsatisfactory
Severe weather and Middle East conflict: Hapag-Lloyd Q1 result unsatisfactory
in
International Shipping News
14/05/2026
Hapag-Lloyd has concluded the first quarter of 2026 with a Group EBITDA of USD 494 million (EUR 422 million). In the same period, the Group EBIT declined to USD -157 million (EUR -134 million) and the Group profit to USD -256 million (EUR -219 million). Compared with the same quarter of the previous year, earnings were impacted by lower freight rates and operational disruptions as a result of severe weather conditions and the blockage of the Strait of Hormuz.
In the Liner Shipping segment, revenues decreased to USD 4.8 billion (EUR 4.1 billion), primarily due to the lower average freight rate of USD 1,330/TEU (Q1 2025: USD 1,471/TEU).
European natural gas prices dip amid Hormuz shipping reports, Trump’s China visit
European natural gas prices dip amid Hormuz shipping reports, Trump’s China visit
in
General Energy News
14/05/2026
European natural gas prices were slightly lower on Wednesday, with media reports suggesting that a few shipments have been allowed to transit the Strait of Hormuz.
By 09:39 ET (13:39 GMT), the benchmark Dutch front-month contract at the TTF hub had fallen by 0.6% to 46.440 euros per megawatt hour, according to Intercontinental Exchange data.
Two tankers carrying Qatari liquefied natural gas were on course for Pakistan after having bypassed the narrow waterway off of Iran’s southern coast in recent days, Reuters reported. Iran and Pakistan are said to have notched a bilateral energy deal, in a possible sign of Tehran’s control over the strait.
Restarting flows through the strait is crucial for Europe, which imports LNG that passes through the region. Gas storage sites in Europe were last 35.6% full, Reuters reported, versus roughly 42.8% the same time last year and below l
Two India-Bound LPG Tankers Add to Uptick in Hormuz Transits
Ships and boats in the Strait of Hormuz, Musandam, Oman, May 1, 2026. REUTERS/Stringer
Two India-Bound LPG Tankers Add to Uptick in Hormuz Transits
Bloomberg
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May 14, 2026
By Weilun Soon
May 14, 2026 (Bloomberg) –Two India-bound vessels laden with cooking fuel from the Persian Gulf appear to have transited the Strait of Hormuz, making them the latest to exit despite continued restrictions from the US and Iran.
One of the liquefied petroleum gas carriers,
Symi
, emerged in the Gulf of Oman on Thursday after turning off its transponder, with the other —
NV Sunshine
— also following suit a few hours later.
The two passages take the number of large ships carrying oil, fuel and gas that have made it through Hormuz since Sunday to ten. That’s an increase from recent weeks and comes despite a deadlock in negotiations to end the war.
A growing number of Persian Gulf exporters are managing to get their cargoes out.
Second Japan-linked Oil Tanker Sails Via Strait of Hormuz as PM Asks Iran to Help Out
An official gives lectures on the crude oil release operation as a tanker is moored at the Shirashima National Petroleum Stockpiling Base in Kitakyushu, southwestern Japan, March 27, 2026, as the Japanese government started releasing state-held oil to stabilise supplies, amid the U.S.-Israeli conflict with Iran, in this photo taken by Kyodo. Mandatory credit Kyodo/via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO COMMERCIAL OR EDITORIAL SALES IN JAPAN.
Second Japan-linked Oil Tanker Sails Via Strait of Hormuz as PM Asks Iran to Help Out
Reuters
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May 14, 2026
By Katya Golubkova and Florence Tan
TOKYO, May 14 (Reuters) – A Panama-flagged crude oil tanker managed by Japanese refining group Eneos 5020.T has passed through the Strait of Hormuz, ship-tracking data from LSEG showed on Thursday, the second instance of such a Japan-linked oil ship making it through.
Prime Minister Sanae Takaichi has directly contacted Iranian President Masoud Pezesh