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As the conflict escalates, container shipping faces growing risks from a potential chokepoint closure, rising insurance costs and surcharges from major carriers.
Middle East tensions prompt ship diversions from Strait of Hormuz as Gulf-to-China freight rates surge 24%, fuelling concerns ...
The escalating Israel-Iran conflict has prompted shipowners to exercise an extra degree of caution in both the Red Sea and ...
Even if Iran does not close the Strait of Hormuz in response to Israel's attacks, much of the maritime shipping industry may stay away given the risks.
"All couples fight, it's a given," says Kelley J. Brower. But don't make these toxic communication mistakes — here's what to ...
The Strait of Hormuz, a narrow waterway at the mouth of the Persian Gulf, is rarely far from the center of global tensions. A major shipping route that handles almost 30% of the world’s oil ...
Any potential disruption in the Strait of Hormuz as a conflict between Israel ... argues Norwegian investment firm ABG Sundal Collier. Shipping has already been pulled into the conflict with ...
The Red Sea is far from the only chokepoint for global shipping. Concerns are also growing about potential Iranian disruption to the Strait of Hormuz ... policy than risk avoidance by the airlines.
DUBAI - Iran’s Revolutionary Guards seized an Israeli-linked cargo ship in the Strait of Hormuz on April 13, days after Teheran warned it could close the crucial shipping route and that it would ...
Shipping security agencies had earlier reported a vessel being boarded and seized by “regional authorities” in the Hormuz Strait between the United Arab Emirates and Iran. The Aries is leased ...
DUBAI, United Arab Emirates — Commandos from Iran's paramilitary Revolutionary Guard rappelled down from a helicopter onto an Israeli-affiliated container ship near the Strait of Hormuz and ...
There are believed to be about 25 crew on board, CNN added, citing the Mediterranean Shipping Company. The MSC Aries was last located off Dubai and headed for the Strait of Hormuz on Friday.