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
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
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
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
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,
India’s commerce secretary holds meeting on Iran-Israel conflict’s trade fallout: Source
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’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
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
Why the Strait of Hormuz matters to India amid Israel-Iran tensions
BANDAR ABBAS : Tensions between Iran and Israel have been on the rise and one name keeps surfacing in global headlines: the Strait of Hormuz. This narrow stretch
Global freight ships set defensive plans for Israel-Iran conflict, Strait of Hormuz risks
NEW JERSEY: Commercial traffic including critical global oil trade continues to flow through the Strait of Hormuz after Israel’s attack on Iran, but maritime shipping experts say there