NEW DELHI : Iran has allowed two Indian-flagged liquefied petroleum gas carriers to sail through the Strait of Hormuz, four sources with direct knowledge of the matter said, a rare exception to the Iranian
LONDON: Drewry AIS showcases several VLGCs that reached or were idling in the Gulf of Oman have altered course towards the USGC as buyers scramble to procure alternative cargoes for the disrupted Middle Eastern
KEELUNG CITY: To accommodate ongoing business development and facilitate the renewal of its existing operating fleet, Yang Ming Marine Transport Corp. (Yang Ming) held its 411th Board Meeting on Thursday (12th March) and approved
LONDON: Drewry’s World Container Index increased 8% to $2,123 per 40ft container this week. Drewry’s detailed assessment for Thursday, 12 March 2026 The Drewry World Container Index (WCI) increased 8% to $2,123 per 40ft
NEW DELHI : The External Affairs Ministry on Thursday (March 12, 2026) said it is rather “premature” to discuss reports about India receiving permission for ships to cross the Strait of Hormuz.“External Affairs Minister
DUBAI: DP World Thursday announced record financial results for 2025, with revenue up 22% to $24.4 billion, and adjusted EBITDA up 18% to $6.4 billion (margin 26.3%), driven by strong performance across Ports & Terminals and Logistics. Total Group
WASHINGTON : Insurance Giant Chubb (CB.BN), opens new tab will be the lead partner on the U.S. International Development Finance Corporation‘s $20 billion Maritime Reinsurance Plan aimed at resuming commercial shipping in the Gulf,
The International Association of Dry Cargo Shipowners (INTERCARGO) has expressed deep concern over the rapidly evolving security situation in the Gulf waters and the Strait of Hormuz, stressing that the safety and wellbeing of
LIVORNO (ITALY): The ongoing conflict in the Middle East is beginning to reshape global shipping routes and place growing pressure on European supply chains, with Italian businesses facing longer transit times, rising freight costs,
H.E. the Minister of Transport and Logistics Services and Chairman of the Board of the Saudi Ports Authority “Mawani”, Eng. Saleh bin Nasser Al‑Jasser, launched the Logistics Corridors Initiative in the presence of H.E.