Strait of Hormuz could be vulnerable to Iran retaliation
OMAN : The United States launched military strikes on three Iranian nuclear facilities Sunday morning local time, an action President Trump said aimed to neutralize a threat “posed
NYK acquires Kadmos, a salary payment platform for seafarers
TOKYO : Japanese shipping company Nippon Yusen Kabushiki Kaisha, or NYK Line, is acquiring Germany’s salary payment platform for seafaring workers, Kadmos, as it seeks to further expand
Baltic Dry Bulk Index dips to over 2-week low as capesize rates retreat
LONDON : The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a more than two-week low on Monday, dragged
Finance Ministry urges port infrastructure upgrade to boost export efficiency
NEW DELHI : A Finance Ministry report released on Friday has called for urgent upgrades to port infrastructure to enhance the efficiency of perishable export cargo movement. The
“Bharat’s gift of wellness to whole world”: Union Minister Sarbananda Sonowal on 1
MUMBAI : Union Minister of Ports, Shipping & Waterways Shri Sarbananda Sonowal on Saturday participated in the International Yoga Day celebrations at the Gateway of India in Mumbai,
Exporters may use other routes if Iran blocks Strait of Hormuz
NEW DELHI : The dramatic escalation in the Iran-Israel war with the entry of the US has aggravated the uncertainty over India’s foreign trade in goods, with the possibility of navigation in
Iran-Israel war escalation to impact India’s trade with West Asia, say experts
NEW DELHI : Any further escalation of the ongoing war between Iran and Israel will have wider implications for India’s trade with West Asian countries, including Iraq, Jordan,
Iran–Israel war could shut Bandar Abbas port, push up air freight rates: Exporters tell Govt
NEW DELHI : Indian exporters on Friday urged the government to plan alternate shipping routes to West Asia, warning that the escalating Iran–Israel war could lead to the
Iran may decide closure of Strait of Hormuz — putting one-fifth of world’s oil supply at risk
WASHINGTON : Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows. The move,
Yemen’s Houthis say ready to attack Red Sea after US strikes on Iran
SANA : Yemen’s rebel government says it supports a vow by its armed wing a day earlier to hit US ships in the Red Sea should Washington launch