Baltic Dry Bulk Index dips to over 2-week low as capesize rates retreat
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a more than two-week low on Monday, dragged
Exporters may use other routes if Iran blocks Strait of Hormuz
NEW DELHI : The dramatic escalation in the Iran-Israel war with the entry of the US has aggravated the uncertainty over India’s foreign trade in goods, with the possibility of navigation in
Iran-Israel war escalation to impact India’s trade with West Asia, say experts
NEW DELHI : Any further escalation of the ongoing war between Iran and Israel will have wider implications for India’s trade with West Asian countries, including Iraq, Jordan,
Iran may decide closure of Strait of Hormuz — putting one-fifth of world’s oil supply at risk
WASHINGTON : Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows. The move,
Yemen’s Houthis say ready to attack Red Sea after US strikes on Iran
SANA : Yemen’s rebel government says it supports a vow by its armed wing a day earlier to hit US ships in the Red Sea should Washington launch
Shipping insurance costs spike in the Middle East as Israel-Iran conflict rages
NEW YORK : Israel and Iran’s escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea and Persian Gulf. Marine insurers
Xeneta Weekly Ocean Container Shipping Market Update
OSLO : Xeneta analyst insight – Transpacific Peter Sand, Xeneta Chief Analyst commented “The market mid-low on the Transpacific trade has dropped 33% since 9 June, meaning some
IMO delivers regional training for Asia-Pacific women auditors
SINGAPORE : Women auditors from across 20 Asia-Pacific countries took part in an intensive regional training course under the IMO Member State Audit Scheme (IMSAS) held in Singapore
Maersk temporarily pauses Haifa Port calls
COPENHAGEN : Container shipping company Maersk, opens new tab said on Friday it had temporarily paused vessel calls at Israel’s Haifa port, amid the country’s escalating conflict with Iran. The Danish
Iran’s options against Foreign aggression include closing Strait of Hormuz, Lawmaker says
LONDON : Iran could shut the Strait of Hormuz as a way of hitting back against its enemies, a senior lawmaker said on Thursday, though a second member