China Calls for Gulf Conflict to End, Addressing Southeast Asia Energy Shortages
China called for an end to conflict in the Gulf and said the safety of waterways should not be disturbed on Thursday, adding that it was ready to work with Southeast Asia to address energy shortages as oil markets reel from supply shocks.While the U.S.-Israeli war on Iran has allowed China to cast itself as the more reliable superpower, analysts say it is wary of global energy market uncertainty, not least because it needs the resources it has been stockpiling since the late 2000s…
Windward Daily Brief March 16: 20 Commercial Maritime Security Incidents Since Start of War
Windward is publishing daily intelligence reports on the crisis in the Gulf as the situation develops.The highlights of today's report are as follows: Commercial traffic through the Strait of Hormuz remains extremely limited, with only three outbound crossings recorded on March 15 and no inbound transits.Maritime security risk across the Gulf remains high, with 20 confirmed incidents involving commercial vessels and offshore infrastructure recorded since the start of the Iran war.Kharg Island remains operational despite recent strikes…
US Will Reinsure Maritime Losses in Gulf Region Up to $20b
The U.S. will provide reinsurance for losses up to $20 billion in the Gulf region, to help provide confidence for oil and gas shippers during the war on Iran, the U.S. International Development Finance Corporation said on Friday.President Donald Trump on Tuesday ordered the DFC to provide political risk insurance and financial guarantees for maritime trade in the Gulf after oil and liquefied natural gas tanker transit had ground to a halt in the Strait of Hormuz waterway off Iran…
Multiple Tankers Under Attack in Gulf Waters as US-Iran Conflict Escalates
More tankers came under attack in Gulf waters on Thursday as the U.S.–Iran war escalated, and Iranian drones entered Azerbaijan, threatening to spread the crisis to more oil producers in the region.A Bahamas-flagged crude oil tanker was targeted by an Iranian remote-controlled boat laden with explosives while anchored near Iraq's Khor al Zubair port, according to initial assessments. A second tanker at anchor off Kuwait was taking on water and spilling oil after a large explosion on its port side.Nine vessels have come under attack since the conflict broke out between the U.S.…
Shipping Crisis in the Strait of Hormuz Deepens, Tankers Stranded for Fifth Day
The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis that has paralysed shipping through the Strait of Hormuz for a fifth day and choked off vital Middle East oil and gas flows.The U.S. submarine strike on the Iranian vessel came as U.S. President Donald Trump pledged to provide insurance and navy escorts to ships exporting oil and gas from the Middle East in a bid to contain soaring energy prices.At least 200 ships…
London Marine Insurance Market Widens Risk Zone in Middle East
London's marine insurance market has widened the area in the Gulf it deems as high risk as the conflict in the Middle East escalates, according to an advisory issued on Tuesday.Guidance from the Joint War Committee, which comprises syndicate members from the Lloyd's Market Association and representatives from the London insurance company market, is watched closely and influences underwriters' considerations over insurance premiums.The JWC added waters around Bahrain, Djibouti…
Crew of Seized Tanker Off Iran Are Identified as Safe
The crew of an oil products tanker are safe and the vessel is anchored off Iran's Bandar Abbas port, its manager said on Monday, after Tehran said it seized the ship in open Gulf waters last week.Iran confirmed on Saturday that its Revolutionary Guards (IRGC) had seized the Talara, a Marshall Islands-flagged tanker, over alleged cargo violations, Iranian state media reported.It was the first seizure of a tanker by Tehran since Israeli-U.S. strikes on Iran in June and has raised…
Iran, Israel Trade Blame As Commercial Shipping Is Threatened By Conflict
Iran and Israel accused each other of endangering commercial activity in sea lanes around the Gulf and the Red Sea at the UN's shipping agency on Wednesday, as their military conflict escalated.Iran's delegation told a session of the International Maritime Organization's security committee that Israel had in recent days extended its "unlawful attacks" to include petrochemical and gas infrastructure in Asalouyeh along Iran's Gulf coast."These actions directly endanger international maritime security and the global energy supply chain…
Mitsui OSK: Shipping in the Gulf Continues, Closely Monitoring Situation
Japan's second-largest shipping company, Mitsui O.S.K. Lines (MOL), is operating as usual in the Gulf while closely monitoring the situation in the region, CEO Takeshi Hashimoto said on Tuesday."We are operating so many containers, car carriers and chemical tankers so that it is very, very difficult for us to reduce or stop with the service," Hashimoto told Reuters on the sidelines of the Energy Asia conference.Shippers re-routed via the Cape of Good Hope after Yemeni Houthis attacked ships in the Red Sea…
Tanker Collision Near Strait of Hormuz Not Related to Israel-Iran Conflict, Frontline Confirms
Frontline, the owner of Front Eagle oil tanker which was involved in a collision with Adalynn, a tanker owned by India-based Global Shipping Holding, has confirmed the collision was a navigational incident and not related to the current regional conflict between Israel and Iran.The incident occurred approximately 15 nautical off Fujairah in the Gulf of Oman, off the United Arab Emirates (UAE), at 00:15 local time on June 17, 2025.All the crew onboard the Front Eagle are reported safe…
