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News: International Shipping

US forces shoot down two Iranian attack drones in Strait of Hormuz amid fresh escalation

June 8, 2026

FLORIDA: The United States military has intercepted and destroyed two Iranian attack drones that posed an immediate hazard to commercial shipping lanes in the...

Container freight market tightens as carriers impose new surcharges and GRIs

June 8, 2026

Global shipping markets remained under significant pressure at the beginning of June 2026 as continued disruption in the Gulf region matched with an earlier...

Businesses face huge spike in shipping costs as Hormuz fuel crisis deepens

June 8, 2026

SHANGHAI : Businesses around the world are confronting a painful – and potentially long-lasting – rise in costs amid the US-Israel war on Iran,...

DP World launches Nuclear Energy study at Port of Constanta in Romania

June 8, 2026

CONSTANŢA /ROMANIA : DP World has signed an agreement with French research organisation Commissariat à l’Energie Atomique et aux Energies Alternatives (CEA) and strategy...

Wallem managed bulk carrier rescues two Filipino fishermen from sinking vessel

June 8, 2026

HONG KONG: Wallem Group, a leading global maritime partner, has released details of an incident in May when a ship under its management rescued...

Tailwind Shipping Lines sailing under German flag

June 6, 2026

HAMBURG: A first for Heilbronn, as of 2 June, the city on the Neckar is the home port of a seagoing vessel – the...

Leadership Changes across BSM’s People Function

June 6, 2026

HAMBURG: Bernhard Schulte Shipmanagement (BSM) has appointed Elena Pantazidou as Chief People Officer, effective 1 June 2026, reporting to the Chief Executive Officer. As member...

Ship operators urge clear rules to return Hormuz to normal

June 6, 2026

ATHENS : Shipping executives meeting in Athens on Monday said that any peace deal worked out between the United States and Iran would need...

MSC may take stake in Vizhinjam Port

June 5, 2026

THIRUVANANTHAPURAM : Adani Ports and Special Economic Zone Ltd (APSEZ) is reportedly in discussions with Mediterranean Shipping Company (MSC), the world’s largest container carrier...