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NORD YOUNG


Demurrage in a Disrupted Market: What Cargo Interests and Charterers Need to Know
In normal market conditions, demurrage disputes are a routine feature of the shipping industry; frustrating, often contentious, but generally predictable in their mechanics. In a market shaped by the kind of disruption we are currently seeing in the Persian Gulf, with vessels stranded, ports congested, and voyage timelines collapsing, demurrage claims are going to multiply in volume and complexity at a rate the industry has not seen in decades. What Demurrage Actually Is Demu
Mar 316 min read


What the U.S.-Israel War on Iran Means for Global Shipping and Marine Insurance as the Strait of Hormuz Remains Closed
There are moments in maritime history that redefine how the industry operates, sometimes just for a season, sometimes for years. We are living through one of them right now. As of today, March 26, 2026, the Strait of Hormuz, the narrow passage between Iran and Oman through which roughly 20 percent of the world's seaborne oil and global LNG once flowed freely, is effectively closed to commercial shipping. This post is an attempt to lay out what happened, where things stand, an
Mar 266 min read
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