#shipping-industry

#shipping-industry

About a fifth of the world's oil and liquefied natural gas (LNG) passed through the strait of Hormuz, a strip of sea less than 30 miles wide at its narrowest point, before it was in effect closed by the US-Israeli attack on Iran, which sent the price of oil soaring and left an estimated 20,000 seafarers on 2,000 vessels stranded.

The first warning of such a crypto scam came from the Greek maritime risk management company MARISKS on April 20, according to Reuters. The company alerted shipowners that scammers posing as Iranian authorities had sent messages to shipping companies asking for 'transit fee' payments in bitcoin or tether.

Scorpio Tankers has moved from $3.1 billion in net debt in 2021 to a net cash position of roughly $332 million as of early 2026. That shift changes what kind of stock this actually is. Reddit sentiment sits at 90.8 out of 100, firmly 'very bullish.' The catch: that score is driven almost entirely by one speculative post, not a broad income thesis.

"The effects of international tariffs are being felt at the Port of Oakland, which saw a 10.1% drop in overall shipping volume in June compared to the previous month."

Greece warned its ship owners to reassess entering the Persian Gulf following US airstrikes on Iran, citing increased risks to vessels.

"Less volume of cargo containers means less work for us," said longshore worker Charlie Camacho. "So we feel it, we definitely feel it."

The accord reached in London would require every ship that ferries goods to lower their greenhouse gas emissions or pay a fee, marking a significant step in regulating shipping pollution globally.