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Keywords: Global shipping


South Korea investigates ship fire in Strait of Hormuz amid regional tensions

South Korean authorities have launched an investigation into an explosion and fire aboard the cargo vessel HMM Namu after the incident occurred near the strategically important Strait of Hormuz, a key global shipping route in the Middle East. The vessel, operated by HMM Co. Ltd., was later towed safely......

Concerns grow over detentions of Panama-flagged vessels in China

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......

Panama Canal to maintain uninterrupted ship transit during 2026 maintenance program

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......

Oil shock from Iran conflict spreads surcharges across global economy

Companies around the world are rapidly introducing energy surcharges as the oil shock linked to the Iran conflict pushes costs higher across transport, manufacturing, agriculture, and consumer industries. Economists warn that the combination of rising inflation and slowing economic growth is reviving......

Houthis resume Red Sea attacks after US-Israeli strikes on Iran

Yemen’s Houthi movement announced plans to restart drone and missile attacks in the Red Sea and against Israel following coordinated U.S. and Israeli military operations inside Iran. Two senior Houthi officials confirmed to the Associated Press that preparations were underway, adding that retaliation......

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