Rising freight costs, shipping delays and uncertainty around the Strait of Hormuz could weigh on shipments to Europe and the Middle East, warns industry body. Escalating geopolitical tensions in West ...
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Iran war has blocked the Strait of Hormuz, a vital oil choke point. Reopening it is a big challenge
Iran is militarily far better equipped than its Houthi proxies in Yemen, which caused considerable damage and disruption in ...
Since Feb. 28, at least 16 merchant vessels have been attacked in the Strait of Hormuz and its adjoining waters (Persian Gulf and Gulf of Oman), killing 8 seafarers, with one still missing. w/ ...
Shipping containers at the Shanghai port in January. Iranian strikes on cargo ships and on Oman's biggest port have ratcheted up concerns about the global shipping business, adding another economic ...
OOCL reported its 2025 financial results, with revenue falling 9.2% to $9.7 billion while net profit stood at $1.52 billion, a decrease of 41.2%. As noted by OOCL, the global economy remained highly ...
Taipei-listed boxship and bulker group says its service network and flexible vessel deployment helped it to maintain a sixth year in the black ...
Iran continues to launch missile and drone strikes across several Middle East countries as Trump warns over the Strait of ...
The latest attacks marked an escalation in Iran’s campaign aimed at generating enough global economic pain to pressure the ...
Iraq reportedly suspends oil terminal operations after two tankers hit by explosive-laden boats in Iraqi waters.
Air freight rates have risen by as much as 70% on some routes since the start of the U.S.-Israeli war on Iran, data shows, as the conflict limits flights, blocks some ocean shipments and pushes up ...
MSC has signed a 45-year concession with Nigerdock to develop a container terminal at Snake Island Port in Lagos. The project is part of a broader $1 billion investment plan in Nigeria’s logistics and ...
The Iran war has caused shipping in the Middle East, Europe and Asia to back up. But the Port of L.A., which mostly deals with trade from China, Japan and Vietnam, is not so far being affected. As ...
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