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BIMCO comments regarding a reported Peace Deal between the US and Iran

LONDON: BIMCO’s executives issued the following comments, after the reported deal between the US and Iran. From Jakob Larsen, Chief Safety & Security Officer at...

Strait of Hormuz reopening won’t end shipping risks

LONDON: A proposed US-Iran deal to reopen the Strait of Hormuz is raising hopes for global shipping and oil markets. But naval mines, high...

9th Korean oil tanker successfully transits Red Sea to ensure Crude Oil supply

YANBU : A Korean vessel has successfully transited the Red Sea and is currently en route home, marking the ninth crude oil shipment to...

Let the oil flow: Trump announces completion of US-Iran peace deal, removes naval blockade on Hormuz

WASHINGTON DC: United States President Donald Trump on Monday announced the completion of the peace deal between the US and Iran, declaring the reopening...

World welcomes US-Iran peace deal as major diplomatic breakthrough for regional stability

DOHA: World leaders on Monday welcomed the peace deal announced between the United States and Iran, describing it as a major diplomatic breakthrough that...

VOC Port to invest ₹5,720 crore to deepen harbour, target larger vessels

THOOTHUKUDI : The VO Chidambaranar Port Authority in Thoothukudi is up a set to take up a ₹5,720-crore project to deepen its harbour basin...

Chowgule delivers 11th Ice-Class Hybrid Cargo Vessel ‘Megamar’ to AtoB@C Shipping

GOA : Reinforcing its position as a leading player in sustainable shipbuilding, Chowgule and Company Pvt. Ltd. has successfully delivered Vessel C-285 ‘Megamar’, the...

US-Iran deal eases uncertainty over the war – but there is much still to play out

LONDON: Finally, after what have seemed like countless false starts, a deal has been agreed by the US and Iran. Both sides have predictably...

Iran-US peace deal expected in Geneva to include Hormuz reopening, ceasefire extension: Reports

WASHINGTON DC: Despite Iranian officials maintaining that reports of a deal with the US to end the conflict in West Asia remain "merely speculation",...

Iran: Araghchi says draft deal covers Strait of Hormuz, Lebanon conflict

TEHRAN: The memorandum of understanding between the United States and Iran will address a range of issues, including Tehran's nuclear programme, sanctions relief and...
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