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Over 1,200 ships, $125 billion in goods stuck as Hormuz closure rattles global trade: Report

TEHRAN: More than 1,200 cargo vessels carrying goods worth an estimated $125 billion have been stranded by the prolonged closure of the Strait of...

11 India-bound oil, gas, and fertiliser vessels cross Hormuz after US-Iran deal

NEW DELHI: Eleven merchant vessels carrying crude oil, gas and fertilisers to India have transited the Strait of Hormuz and two other ships have...

IMO announces evacuation plan in the Strait of Hormuz

Large scale operation to be carried out in cooperation with States and industry LONDON: Following the signing of the Memorandum of Understanding between the Islamic...

K” LINE Media Tour of Car Carrier to view cargo handling operations for Cairo, Egypt Metro Train Cars held at Port of Kobe

KOBE: Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that a media tour of a car carrier was held at the Port...

Hormuz will never go back to its pre-war status: Iran’s Parliament Speaker says Iran will manage the strait

TEHRAN: Iran's Parliament Speaker Mohammad Bagher Ghalibaf has said that the Strait of Hormuz will not return to its pre-war operational status and asserted...

Freight forwarder expects Hormuz traffic will need months to recover

LONDON: A freight forwarder has added to the warnings of chemical executives that traffic through the Strait of Hormuz will take several months to...

Iran, US establish communication line to safeguard shipping through Hormuz, say mediators

BURGENSTOCK ( SWITZERLAND): Iran and the United States have established a direct communication line to "avoid incidents and miscommunication" in the Strait of Hormuz,...

Tanker traffic through Hormuz picks up after slower flows due to crossing concerns

SINGAPORE : Oil and liquefied natural ​gas tankers sailed through the Strait of Hormuz on Monday, in a sign of traffic slowly picking up...

Saudi-run terminal at Bangladesh’s largest port to go full capacity next month

RIYADH : Saudi developer Red Sea Gateway Terminal is set to start full-capacity operations at Bangladesh’s largest port in Chittagong in July, as it...

US-Iran talks stalled but not yet over as diplomatic channels remain open: Report

BURGENSTOCK (SWITZERLAND): Negotiations between the United States and Iran as part of the technical talks between the two sides have hit a temporary roadblock...
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