Keywords: Shipping
An oil tanker was hijacked on Saturday by armed individuals off the coast of Yemen and redirected toward Somalia, according to Yemeni coast guard authorities, raising fresh concerns over maritime security in a key global shipping corridor. The vessel, identified as the tanker EUREKA, was seized near......
An oil tanker has been hijacked off the coast of Somalia, raising fresh concerns about a possible resurgence of piracy in one of the world’s most strategic maritime corridors. According to maritime security sources, the vessel was seized by unidentified individuals while navigating waters in the......
The war involving Iran is raising alarm across global supply chains, with companies warning that the disruption could exceed the impact of the COVID-19 crisis. A survey conducted by Allianz Trade across 6,000 firms in 13 countries shows that nearly two thirds expect further supply shocks driven by rising......
The head of DHL Group has warned that the global economy is approaching a critical threshold as an oil supply deficit linked to the conflict involving Iran disrupts energy flows and trade. Chief executive Tobias Meyer said the impact on logistics operations is already significant, with mounting pressure......
India has broadened its list of approved Russian marine insurers, allowing more companies to provide coverage for vessels calling at its ports. The move reflects New Delhi’s effort to maintain stable maritime operations while adapting to evolving geopolitical and energy market conditions. According......
Indian Prime Minister Narendra Modi and French President Emmanuel Macron held a phone call on Thursday to address the escalating crisis in West Asia, focusing on the urgent need to restore freedom of navigation in the Strait of Hormuz. The strategic waterway, critical for global energy supplies, has......
The world’s largest oil and gas companies, along with major producing states, are on track to generate an additional $234 billion in profits by the end of 2026 if crude prices remain around $100 per barrel. The projection, based on data from Rystad Energy, reflects how the conflict linked to Iran......
The United States Central Command began enforcing a naval blockade on all maritime traffic to and from Iranian ports on Monday at 10 a.m. Eastern Time, following the collapse of negotiations between US and Iranian officials in Islamabad. The move came hours after nearly 21 hours of talks between US......
President Donald Trump announced that the United States will immediately begin a naval blockade of the Strait of Hormuz, escalating tensions in one of the world’s most strategic maritime routes. In a statement posted on social media, the U.S. president said the U.S. Navy would take action against......
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