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 BIMCO: “The statements by the US and Iran are
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 insurance costs and geopolitical risks mean disruption could persist for
LIMASSOL: Sallaum Lines has ordered the two largest vessels in its history, signing a shipbuilding contract with Xiamen Shipbuilding Industry Co., Ltd. (XSI) for 2 + 2 next-generation Pure Car and Truck Carriers (PCTCs).
WASHINGTON DC: United States President Donald Trump on Monday announced the completion of the peace deal between the US and Iran, declaring the reopening of the strategically important Strait of Hormuz and the immediate
DOHA: World leaders on Monday welcomed the peace deal announced between the United States and Iran, describing it as a major diplomatic breakthrough that could help restore stability in West Asia, reopen the Strait
BENGALURU: Union Finance Minister Smt. Nirmala Sitharaman on Sunday said India faces risks from crude prices, West Asia tensions and Strait of Hormuz disruptions, but Prime Minister Narendra Modi’s government has ensured there is
By Mr. Yogesh Parekh, Director, Parekh Global For decades, global shipping was guided by a simple assumption: the most efficient route would remain the preferred route. The Red Sea-Suez Canal corridor represented that assumption
LONDON: Finally, after what have seemed like countless false starts, a deal has been agreed by the US and Iran. Both sides have predictably claimed victory. President Trump has boldly declared: “This Great Deal
OSLO: The Xeneta Weekly Ocean Container Shipping Market Update provides data and intelligence including the latest freight rate and capacity movements across global trades with supporting insight from Peter Sand, Xeneta Chief Analyst. Xeneta
WASHINGTON DC: Despite Iranian officials maintaining that reports of a deal with the US to end the conflict in West Asia remain “merely speculation”, a memorandum of understanding between Tehran and Washington is expected