Iran sets conditions for opening Strait of Hormuz after UAE says one of its ships was targeted by airstrike

MEPC 85: Japan tables softer GFI targets and direct contributions

Japan has proposed easing greenhouse gas fuel intensity (GFI) reduction targets from 2030 onwards and replacing the IMO Net-Zero Fund with a “direct contribution” mechanism.

2026-08-09 ·hellenicshippingnews.com

Panama Strengthens Its Global Standing As Ship Registry Earns ISO 9001:2015 Recertification

In an industry where confidence is built on consistency, transparency, and operational performance, Panama has once again reinforced its position among the world’s leading maritime registries.

2026-08-09 ·hellenicshippingnews.com

Drewry: Intra-Asia Container Index Slightly Higher Last Week

Drewry’s Intra-Asia Container Index (IACI) strengthened this week to $970 (+1%) per 40ft container supported by the ongoing conflict in the Middle East.

2026-08-09 ·hellenicshippingnews.com

Oil Producers Buy Tankers Directly to Navigate Blocked Routes

Oil-producing countries that have frequently experienced blockages in major Middle Eastern shipping routes, such as the Strait of Hormuz and the Red Sea due to wars, are increasingly purchasing oil…

2026-08-09 ·hellenicshippingnews.com

Hormuz talks positive, Oman says, as Iran warns deal would not open strait

Oman has said positive talks have been taking place with Iran over an agreement to secure a shipping route through the Strait of Hormuz, as Tehran warned that any deal would not see an immediate…

2026-08-09 ·hellenicshippingnews.com

Tankers: VLCCs Moving Higher

Clean LR2 The TC1 75kt MEG/Japan index ticked up early this week by 14 points to WS522 where it currently has been for 3 days.

• Tanker rates remain high despite Strait of Hormuz potential reopening
• East Coast Mexico/US Gulf route rates drop further
• Transatlantic route from US Gulf to UK Continent sees significant plunge

2026-08-09 ·hellenicshippingnews.com