Libyan Coast Guard Tows Damaged Russian LNG Tanker Arctic Metagaz Away from Zuwara
On March 24–25, 2026, Libya’s Coast Guard, supported by a central operations room involving multiple government entities, began towing the damaged Russian-flagged LNG tanker Arctic Metagaz away from Libyan territorial waters. The vessel had drifted dangerously close approximately 35 km off the western coast near the town of Zuwara after being adrift unmanned for nearly […]
Maersk CEO Warns of Prolonged Strait of Hormuz Shutdown as Shipping Costs Surge
A.P. Moller-Maersk CEO Vincent Clerc has warned that a prolonged closure of the Strait of Hormuz due to the ongoing US-Israel-Iran conflict could reshape global shipping networks for months, driving sustained increases in freight rates, fuel costs, and operational disruptions. In recent statements and interviews (including with BBC and industry briefings around mid-March 2026), Clerc […]