Iran, US set up “communication line” to avert military incidents in Hormuz as per MoU
TEHRAN: Iran and the United States on Friday have established a “communication line” in the Strait of Hormuz to prevent incidents that could escalate into military confrontation and to facilitate the implementation of provisions
IRGC says transit through Hormuz only possible via routes approved by Tehran
TEHRAN: Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy on Friday said that transit through the strategic Strait of Hormuz would only be permitted through routes approved by Tehran, despite the IRGC establishing a “communication
ABB to acquire Høglund to expand marine automation offering
ZURICH: ABB announced on Friday that it has entered into an agreement to acquire marine automation specialist Høglund AS, headquartered in Tønsberg, Norway. The acquisition will complement ABB’s existing automation offering to marine customers
IMO suspends Hormuz transits after Evergreen ship attacked
LONDON: The UN’s International Maritime Organization announced that it would be pausing its plan to evacuate the Strait of Hormuz on Thursday, following a cargo ship reporting being attacked as it attempted to pass
DP World surpasses 160,000 Tonnes of CO2e savings across UK Supply Chains
LONDON: DP World has helped customers cut more than 160,000 tonnes of CO2e savings from UK supply chains in less than three years, driven by a combination of increased rail freight, lower-carbon trucking solutions
Iran told US “NO TOLLS” in Hormuz, “negotiations would end” on “false information”: Trump
WASHINGTON DC: US President Donald Trump has moved to stabilise global energy markets, announcing that Iran has provided formal assurances that it will not impose transit charges on vessels navigating the vital Strait of
Over 1,200 ships, $125 billion in goods stuck as Hormuz closure rattles global trade: Report
TEHRAN: More than 1,200 cargo vessels carrying goods worth an estimated $125 billion have been stranded by the prolonged closure of the Strait of Hormuz, exposing the vulnerability of global commerce to disruptions at
11 India-bound oil, gas, and fertiliser vessels cross Hormuz after US-Iran deal
NEW DELHI: Eleven merchant vessels carrying crude oil, gas and fertilisers to India have transited the Strait of Hormuz and two other ships have sailed from the country towards the Persian Gulf since Iran