Trump, Vance sign MoU with Iran, sanctions relief tied to nuclear verification measures: US officials
WASHINGTON D.C. : Senior US administration officials said that US President Donald Trump and Vice President JD Vance have signed a memorandum of understanding (MoU) with Iran that lays out a framework for future
IMO Secretary-General welcomes US-Iran agreement
LONDON: The Secretary-General of the International Maritime Organization (IMO), Mr. Arsenio Dominguez welcomes with great satisfaction the peace agreement reached between the parties in the conflict affecting the Strait of Hormuz. This signals a
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 BIMCO: “The statements by the US and Iran are
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 insurance costs and geopolitical risks mean disruption could persist for
Sallaum Lines orders its Largest Vessels, 2 + 2 8,600 CEU Dual-Fuel Car Carriers
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).
Saudi Red Sea Authority announces 2025 Annual Report, strengthens Sector Regulation and enhances Readiness
RIYADH: Saudi Red Sea Authority (SRSA), in its 2025 Annual Report, highlighted a set of key achievements that reflect its continued progress in building a more regulated, efficient, and sustainable coastal tourism sector. These
BCBA to host ‘India Logistics Conclave 2026’ in Mumbai
MUMBAI: The Brihanmumbai Custom Brokers’ Association (BCBA) — the apex body of the customs-broking fraternity in Mumbai — will host the second edition of its flagship policy forum, the India Logistics Conclave 2026, on 17 June 2026 at The
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 of the strategically important Strait of Hormuz and the immediate