LONDON: Commercial shipping traffic through the Strait of Hormuz has dropped as much as 90% amid escalating conflicts in the Middle East, forcing global maritime trade to reroute around the Cape of Good Hope,
MUMBAI: In the wake of the US-Israel joint strikes on Iran and the subsequent retaliation leading to wider ramifications in the Persian Gulf, the Directorate General of Shipping (DG-Shipping) has formed a 24×7 Quick Reaction Team
MARSEILLE: Global shipping major CMA CGM has announced sweeping operational measures across the Middle East, including the immediate suspension of bookings to several regional ports and the implementation of emergency protocols for ongoing shipments. The move
OMAN: Iran has attacked an oil tanker ‘Skylight’ passing through the Strait of Hormuz near the coast of Oman, as it retaliates with all its might to avenge the US and Israel’s assassination of
DHAHRAN: Saudi Aramco is exploring the option of delivering more cargoes to Yanbu, a port on the Red Sea that’s situated outside the Persian Gulf, where dozens of ships are hunkered down as the
HAMBURG: Due to the conflict in the Middle East and the official closure of the Strait of Hormuz (SOH) by relevant authorities amid the evolving security situation in the region, Hapag-Lloyd is suspending all
COPENHAGEN: In a renewed shift to safeguard operational reliability, Danish shipping major Maersk has decided to temporarily reroute several of its vessel services away from the Suez Canal corridor, opting instead for the longer
MUMBAI: Amid escalating tensions in West Asia in the wake of US-Israel strikes against Iran, a leading Indian-American maritime executive has voiced concern over the impact on the crucial oil artery of the Strait
WASHINGTON D.C. : “The recent escalation of conflict in the Middle East is causing disruption to global liner shipping, with many ocean carriers pausing or rerouting services as they assess the evolving security situation,”
RIO DE JANEIRO : Indigenous protesters have occupied Cargill’s Santarem river port terminal in Brazil’s Para state and “completely” interrupted operations at the site, the U.S. grain trader said in a statement on Saturday.The