Keywords: Shipping
Oil prices rose slightly on Friday but remained on track for their sharpest weekly decline since June 2025, with both West Texas Intermediate and Brent crude down करीब 10% over the week, as tensions in the Middle East continued to disrupt confidence in global supply routes. The decline follows......
Maritime traffic near the Port of Antwerp has been partially suspended following an oil spill that spread from a dock into the nearby Scheldt River. Port authorities confirmed that the incident occurred during a refueling operation, when fuel leaked into the water. Emergency measures were quickly implemented......
A third Turkish-flagged vessel has successfully crossed the Strait of Hormuz, Turkish Minister of Transport and Infrastructure Abdulkadir Uraloğlu announced Monday, marking another incremental diplomatic step for Ankara as it works to free its merchant fleet from a waterway effectively closed by Iran......
Mazda Motor announced Monday it has suspended domestic production of vehicles destined for the Middle East until May, becoming the latest Japanese automaker to scale back operations as the Strait of Hormuz remains effectively closed to commercial shipping, according to the Nikkei. The company had already......
Tensions in global maritime trade have risen after reports of detentions of Panama-flagged vessels in China, prompting concern from international stakeholders. Marco Rubio expressed alarm over the situation, warning that such actions could raise questions about the use of economic measures in international......
A vessel broadcasting the identity of a scrapped liquefied natural gas carrier crossed the Strait of Hormuz on March 20, becoming the first known zombie ship to use such a tactic in the contested waterway since the Middle East war began, Bloomberg first reported. Days later, a second zombie tanker followed,......
Saudi Arabia and the United Arab Emirates have launched a new trade route linking Sharjah to Dammam, opening a multimodal corridor designed to keep goods moving as shipping risks rise across the Gulf. The project was announced on March 23 by Saudi Ports Authority, known as Mawani, and comes as commercial......
Indian Prime Minister Narendra Modi announced on Saturday that he spoke with Iran’s President Masoud Pezeshkian, addressing recent security concerns in the Middle East. In a post on X, Modi condemned attacks targeting critical infrastructure in the region and emphasized the importance of keeping......
The Panama Canal Authority has confirmed that vessel traffic will continue without interruptions during its scheduled maintenance program in 2026, which will run from March through September. The announcement comes as the canal prepares to conduct necessary upkeep on its infrastructure while minimizing......
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