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Splash247
security May 6, 2026

Hormuz Toll Authority Established Amid Rising Tensions

The Trump administration's Project Freedom, aimed at assisting stranded vessels in the Persian Gulf, has been halted after two days due to ongoing Iranian attacks on commercial shipping, as reported by Splash247. Concurrently, Iran has introduced a formal toll collection authority for the Strait of Hormuz.

Splash247
fleet May 6, 2026

Aframax Tanker Pusaka Borneo Sold for Record $76.5M

Japanese company Nissen Kaiun has capitalized on the booming tanker market by selling the 2018 Tsuneishi-built Pusaka Borneo, a modern eco aframax, for a record $76.5 million, according to Splash247. VesselsValue highlighted this sale as the highest price ever recorded for such a vessel.

Pusaka Borneo (tanker)
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