WASHINGTON : Escalating Iran-backed attacks against global commercial shipping in the Red Sea have heightened pressure on the Biden administration as officials scramble to protect trade while trying
MUMBAI : A Gabon–flagged commercial oil tanker on its way to India with 25 crew, all of them Indian nationals, came under a drone attack in the southern
NEW DELHI : The strait of Bab-el-Mandeb, which means the gate of grief in Arabic, is living up to its name for shippers and traders across the world,
NEW DELHI : India’s exports face a shortfall of about $4 billion to $5 billion this year after it clamped curbs on trade in wheat, rice and sugar,
LONDON : Several shipping companies and a few liquefied natural gas (LNG) tankers have decided to avoid the world’s main East-West trade route, following attacks launched by Yemen’s
NEW JERSEY : Shippers have diverted about $65 billion worth of cargo away from the Red Sea as they face the threat of attacks from Houthi militants in
EGYPT : The Suez Canal Authority (SCA) said Sunday that 55 ships have rerouted via the Cape of Good Hope since Nov. 19 amid attacks on ships in
LONDON : IMO Secretary-General Kitack Lim said :”I condemn attacks against international shipping in the Red Sea area and I reiterate the strong commitment of the IMO to