Asia-US container rates plunge as June hikes fail to stick
LONDON : Rates for shipping containers from Asia to the US are plummeting this week as general rate increases (GRIs) that took effect on 1 June failed to hold. Market intelligence group Linerlytica said
Amid concern over Hormuz closure, Modi calls for de-escalation in call with Iranian President
NEW DELHI : Prime Minister Shri Narendra Modi on Sunday called for dialogue and diplomacy to de-escalate the situation in West Asia as Iran’s threat to close the Hormuz Strait in retaliation to the
Half of India’s LNG imports come from Qatar and UAE, relying on Strait of Hormuz for supplies
NEW DELHI : Half of India‘s total natural gas requirement is met via imports that come through the Strait of Hormuz – supplied by Qatar and the UAE – and thus stands exposed to
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 by the world’s number one state
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, which could block $1 billion in
India’s commerce secretary holds meeting on Iran-Israel conflict’s trade fallout: Sources
NEW DELHI : According to the Commerce Ministry sources, the Commerce Secretary held a meeting with stakeholders from shipping and air-cargo sectors to discuss the impact of the Iran-Israel conflict on India’s trade and
Iran’s options against Foreign aggression include closing Strait of Hormuz, Lawmaker says
LONDON : Iran could shut the Strait of Hormuz as a way of hitting back against its enemies, a senior lawmaker said on Thursday, though a second member of parliament said this would only
Commercial ships advised to keep distance from Iran around Strait of Hormuz
OMAN : Commercial ships are sailing close to Oman and are being advised by maritime agencies to avoid Iran’s waters around the Strait of Hormuz, with the risk of the conflict between Israel and