Skip to content
Briefings are running a touch slower this week while we rebuild the foundations.See roadmap
Lloyd's List
OrganisationGB

Lloyd's List

Maritime intelligence publication founded 1734, now the primary open-source tracker of IRGC Hormuz toll enforcement.

Last refreshed: 25 April 2026 · Appears in 1 active topic

Key Question

Lloyd's List confirmed the first ship seizures; what does that mean for insurance and transit costs?

Timeline for Lloyd's List

View full timeline →
Common Questions
What is Lloyd's List?
Lloyd's List is one of the world's oldest maritime intelligence publications, founded in 1734 at Lloyd's Coffee House in London. Today it operates as a subscription intelligence service under Informa's maritime division, providing vessel tracking, port calls, and supply-chain risk data through its Lloyd's List Intelligence Arm.Source: Lloyd's List
What did Lloyd's List report about the IRGC toll system?
Lloyd's List Intelligence was one of the first outlets to confirm the IRGC toll system on the Strait of Hormuz as operational. It reported approximately 90 vessels transited with IRGC clearance in the first two weeks of March 2026, with tolls reaching $2 million per vessel negotiated individually in cash, Cryptocurrency, or barter.Source: Lloyd's List Intelligence
How many ships are anchored outside the Strait of Hormuz?
According to Lloyd's List Intelligence, more than 150 vessels were sitting at anchor in the Gulf of Oman and Arabian Sea after the P&I insurance deadline passed on 5 March 2026. US Navy convoy escorts remained non-operational at that point.Source: Lloyd's List
What is the difference between Lloyd's List and Lloyd's of London?
Lloyd's List is a maritime intelligence publication; Lloyd's of London is an insurance market. Both trace their roots to Lloyd's Coffee House in London around 1688, but they separated institutionally in the 19th century and are now entirely independent organisations with no common ownership.Source: Lloyd's List
Who owns Lloyd's List?
Lloyd's List is owned by Informa plc, a British academic and business intelligence company. The publication's data Arm, Lloyd's List Intelligence, provides real-time vessel-tracking and supply-chain analytics as a separate subscription product within the same group.Source: Informa plc

Background

Lloyd's List has tracked global shipping since 1734, making it one of the world's oldest continuously published journals. Originating as a handwritten notice posted at Lloyd's Coffee House in London, where merchants, underwriters, and captains exchanged intelligence, it evolved into a subscription-based intelligence service. Today it operates under Informa's maritime division, with a data Arm, Lloyd's List Intelligence, providing real-time vessel tracking, port calls, and supply-chain risk analytics. It is editorially and institutionally separate from Lloyd's of London (the insurance market): both trace origins to the same 17th-century coffee house, but they separated in the 19th century and operate entirely independently.

In the 2026 Strait of Hormuz crisis, Lloyd's List Intelligence became the primary open-source tracker of IRGC toll enforcement, reporting the system operational in early March and documenting approximately 90 vessels transiting with IRGC clearance in the first two weeks, with tolls reaching $2 million per vessel. It also provided the first confirmation that the IRGC's boarding and seizure of the MSC Francesca and Epaminondas on 22 April were the first ship seizures since the war began. Lloyd's List sits alongside Kpler, Windward, and Vortexa as the shipping intelligence firms whose data drives both insurance pricing and government sanctions enforcement in the conflict.

Lloyd's List also tracks the Russian shadow fleet operating in the Baltic and Black Sea, providing vessel-movement data used to identify sanction-evading crude transfers. That cross-theatre presence, spanning both the Iran-US conflict and the Russia-Ukraine war, means its data shapes policy decisions in two simultaneous theatres simultaneously. For any reader arriving from a non-shipping context, the load-bearing fact is that Lloyd's List is not a newspaper; it is an intelligence infrastructure used by insurers, governments, and sanctions enforcement agencies.

Source Material