Updated Jan. 11, 2024 7:58 am ET Armed, uniformed men boarded an oil tanker off the coast of Oman that has been at the center of a dispute between Iran and the U.S. and changed its course toward Iranian waters on Thursday, according to maritime intelligence firms, marking a further escalation along shipping routes in … Read more
Updated Jan. 10, 2024 9:04 am ET Western importers are reporting a steep rise in ocean-shipping rates and weekslong delays as carriers divert ships from the Red Sea to avoid Houthi rebel attacks. Some companies shipping goods on the crucial trade lane are starting to chafe at the rising prices and extra fees that ocean … Read more
A chemical tanker in the Indian Ocean was struck by a drone launched directly from Iran early Saturday, the Pentagon said, signaling a widening risk to shipping after Yemeni rebels started attacking vessels in the Red Sea. “The motor vessel Chem Pluto, a Liberia-flagged, Japanese-owned, and Netherlands-operated chemical tanker was struck at approximately 10 a.m. … Read more