Gulf Trade Exposure Index: Nations at greatest risk from Hormuz Strait closure
The war with Iran has laid bare one of the global economy’s most exposed fault lines. For nearly two months, traffic through the Strait of Hormuz has all but stopped and the countries that
Kuwait declares force majeure on oil shipments amid Hormuz blockade : Bloomberg
RIYADH : Kuwait has declared force majeure on shipments of crude oil and refined products after a blockade of the Strait of Hormuz prevented some vessels from entering the Persian Gulf, hindering its ability
Conservation Groups Urge Governments to Reject Biofuels in Shipping Decarbonization Plans
As the International Maritime Organization negotiations open in London, a group of conservation organisations calls on governments to reject biofuels as a decarbonisation pathway for international shipping LONDON: As delegates convene on Monday at
Pusan National University and LR to establish first global certification framework for liquid hydrogen shipping
SEOUL: A new collaboration between Lloyd’s Register (LR) and Pusan National University (PNU) Hydrogen Ship Technology Center aims to create the first internationally recognised joint performance evaluation and certification framework for liquid hydrogen carriers and onboard systems. The
Sarbananda Sonowal hails PM Modi for ‘Bharat Maritime Insurance Pool’ to bolster India’s shipping Industry against Global Volatility
NEW DELHI : In a major policy intervention by the Narendra Modi Government, the Union Cabinet has approved the creation of a domestic maritime insurance pool with a sovereign guarantee of Rs 12,980 crore.
Good news for shipping sector: Cabinet clears Rs 12,980 crore maritime insurance pool amid Hormuz tensions
NEW DELHI : Union Cabinet has approved a Rs 12,980 crore Bharat Maritime Insurance Pool to ensure uninterrupted insurance cover for Indian shipping amid rising global risks. The move aims to safeguard trade routes
India to Champion Decarbonised Trade at Green Shipping Corridors Solutions Lab in Singapore
SINGAPORE: India is set to play a pivotal role in advancing the global maritime decarbonisation agenda at the Green Shipping Corridors (GSC) Solutions Lab, being held during Singapore Maritime Week 2026. Organised as part
India invited to join UK–France maritime initiative for Strait of Hormuz security
NEW DELHI : India has officially confirmed that it has been invited to take part in a maritime initiative led by the United Kingdom and France to protect transit through the Strait of Hormuz,