Maritime News - VesselAPI

operations March 25, 2026

CK Hutchison's Damages Claims Against Panama Surpass $2 Billion

CK Hutchison's legal battle over the control of container terminals in Cristobal and Balboa has resulted in damages claims exceeding $2 billion, as reported by Seatrade Maritime. The Hong Kong-based group is contesting the takeover of these terminals located on either side of the Panama Canal.

Cristobal (PA) Balboa (PA)

Seatrade Maritime

Splash247

operations March 25, 2026

ADES Temporarily Halts Gulf Rig Operations Over Safety Concerns

ADES, a Saudi oil and gas driller, has paused operations on several offshore rigs in the GCC due to regional tensions, as reported by Splash247. The company emphasized that these suspensions are temporary and prioritize the safety of their personnel and assets.

Splash247

gCaptain

security March 24, 2026

Iran Allows 'Non-Hostile' Ships Passage Through Hormuz with Conditions

Iran has informed the United Nations that 'non-hostile vessels' can transit the Strait of Hormuz if they adhere to Iranian security protocols and coordinate with Tehran, as reported by gCaptain. This directive underscores Iran's control over the strategic maritime passage.

gCaptain

operations March 24, 2026

Global Trade Faces Disruption Amid U.S.-Israel Conflict

The ongoing U.S.-Israel conflict is significantly impacting global trade, leading to increased congestion at ports, as reported by gCaptain. The situation is expected to worsen before any improvement is seen.

gCaptain

accidents March 24, 2026

Pilot Error Leads to Tanker Collision at California Refinery

The National Transportation Safety Board (NTSB) found that a harbor pilot's error caused a tanker to strike a refinery pier in California, as reported by gCaptain. The incident occurred during an early-morning undocking operation.

gCaptain

Splash247

market March 24, 2026

Bunker Market Faces Unprecedented Supply Crisis

Splash247 reports that the global bunker market is encountering a historic supply shock, with fuel prices more than doubling at key hubs in the past month. The Strait of Hormuz disruption is expected to last longer than currently anticipated by the shipping industry, further exacerbating the situation.

Splash247

operations March 24, 2026

Historic Oil Supply Disruption Amid Iran-US-Israeli Conflict

The International Energy Agency has described the ongoing conflict between Iran and the US-Israeli coalition as the largest supply disruption in the history of the global oil market, according to Splash247. Since the conflict began on February 28, approximately 1,100 ships, valued at $30 billion, have been impacted.

Splash247

market March 24, 2026

Geopolitical Risks Heighten for Crude Oil Tankers in 2026

Crude oil tanker markets in 2026 are facing significant geopolitical risks, despite initial positive forecasts for rising demand and income, as reported by Splash247. The anticipated oil production surplus and strong refinery utilization were expected to boost the market.

Splash247

market March 24, 2026

Bulk Carrier Markets Influenced by China's Economic Plans

The bulk carrier freight markets have been significantly influenced by China's recent National People’s Congress and the 15th Five-Year Plan, as reported by Splash247. These events in Beijing have been pivotal in shaping market expectations for the sector.

Splash247

gCaptain

market March 24, 2026

India Hesitant on US-Approved Iranian Oil Due to Transaction Hurdles

India's state-run refiners are cautious about purchasing US-approved Iranian oil, as reported by gCaptain. Challenges related to payment, shipping, and insurance are complicating these potential transactions, according to sources familiar with the situation.

gCaptain

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