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‘No hope’: Indian crew stranded off Turkey for months

June 8, 2026

In a message sent to AFP, the stranded crew members said they were losing hope after 10 months trapped on board the Mongolia-flagged AZRA...

Middle East conflict, fuel price surge to halve global airline profits in 2026: IATA

June 8, 2026

RIO DE JANERIO: Global airline industry profits are expected to halve in 2026 as the conflict in the Middle East and a sharp rise...

Iran lawmaker says ships pay up to $2 million to cross Hormuz

June 8, 2026

TEHRAN: Iran currently receives an average of $1.5 million to $2 million from each ship passing through the Strait of Hormuz, Mohsen Zanganeh, a...

Iran says Strait of Hormuz to be managed jointly with Oman under international law

June 8, 2026

TEHRAN : Iran and Oman will jointly manage the Strait of Hormuz in line with international law, said Iranian Foreign Minister Abbas Araghchi on...

US forces shoot down two Iranian attack drones in Strait of Hormuz amid fresh escalation

June 8, 2026

FLORIDA: The United States military has intercepted and destroyed two Iranian attack drones that posed an immediate hazard to commercial shipping lanes in the...

Middle East Crisis: Why Are Freight Rates Rising in Waves and what’s next? Xeneta Chief Analyst Answers

June 8, 2026

OSLO: Latest data shows containerized imports into the Middle East collapsed in the month immediately following the escalation of conflict at the end of...

Container freight market tightens as carriers impose new surcharges and GRIs

June 8, 2026

Global shipping markets remained under significant pressure at the beginning of June 2026 as continued disruption in the Gulf region matched with an earlier...

Businesses face huge spike in shipping costs as Hormuz fuel crisis deepens

June 8, 2026

SHANGHAI : Businesses around the world are confronting a painful – and potentially long-lasting – rise in costs amid the US-Israel war on Iran,...

DP World launches Nuclear Energy study at Port of Constanta in Romania

June 8, 2026

CONSTANŢA /ROMANIA : DP World has signed an agreement with French research organisation Commissariat à l’Energie Atomique et aux Energies Alternatives (CEA) and strategy...