More container ships could be held up if Red Sea tensions escalate
HONG KONG : Any intensification of ship attacks in the Red Sea could tie up 30% of the boxship fleet as more vessels will need to be rerouted,
Cargo ships facing Attacks opt to change course
LONDON : Cargo vessels are being warned to be extra vigilant sailing near Yemen and Somalia after a spate of attacks on merchant shipping in the vicinity of Israel’s war
MSC announces update #4 on the Israel situation
GENEVA : MSC continues to monitor and assess the developing situation in Israel to ensure the safety of its personnel and minimize disruption to customer supply chains. As
A plan to join the Red Sea with Mediterranean — an alternative to the Suez Canal : Report
It has been speculated that one of the reasons behind Israel’s desire to eliminate Hamas from the Gaza Strip and completely control the Palestinian enclave is to give itself the
MSC updates regarding the situation in Isreal
GENEVA : MSC continues to monitor and assess the developing situation in Israel to ensure the safety of its personnel and minimize disruption to customer supply chains. Currently,
Maersk says port operations in Israel working normally
HAIFA : Maersk said on Tuesday that port operations at Israel’s major terminals are running as normal despite a violent conflict with Hamas militants and it continues to
Israel-Palestine war spells woes for Indian exports
NEW DELHI : Analysts have anticipated increased shipping costs accompanied with higher insurance premiums in wake of the growing Israel -Palestine conflicts. Amidst the recent attacks, trade volumes
Israel conflict : Adani Ports says monitoring Haifa port situation
HAIFA : The stock price of Adani Ports was down 5 percent after the day’s closing on October 9 over mounting concern for the fate of the Haifa Port, which the Gautam
Businesses still scrambling to assess impact of developments in Israel
MUMBAI : Conflicts cause concern. The developments in Israel and a growing atmosphere of confrontation in the region is bound to create a climate of uncertainty. While lives
Oil prices jump on concerns over Middle East supply disruptions
LONDON : Oil prices jumped by 4 per cent on Monday on concerns that the situation in Israel and Gaza could disrupt output from the Middle East.The West