Keywords: Shipping
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......
China is drawing on years of strategic preparation to cushion the impact of escalating disruptions to global oil flows, as military tensions involving Iran enter a third week. As the world’s largest oil importer, Beijing has relied on large crude stockpiles, alternative shipping routes, and rapid......
Amazon.com Inc. is planning a major reduction in the number of packages it ships through the U.S. Postal Service, according to reports from the Wall Street Journal. The move, expected to cut postal shipments by at least two-thirds, could result in significant revenue losses for the Postal Service, which......
Commercial shipping through the Strait of Hormuz has halted completely as the conflict involving Iran enters its third week, marking one of the most severe disruptions to global energy supply chains in decades. Maritime analytics firm Windward reported that vessel traffic through the strategic waterway......
Two liquefied petroleum gas tankers have passed through the Strait of Hormuz heading to India as Asian governments scramble to manage a widening energy crisis triggered by the United States and Israeli war with Iran and the disruption of shipping through the critical waterway. The conflict has sharply......
The effective closure of the Strait of Hormuz has pushed global oil tanker freight rates to unprecedented levels, reshaping maritime trade and delivering exceptional profits for shipping companies that positioned themselves ahead of the crisis. Daily charter rates for very large crude carriers, or VLCCs,......
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......
Iran’s military leadership warned that global oil prices could surge to $200 per barrel as Iranian forces intensified attacks on commercial shipping near the Strait of Hormuz, escalating a maritime crisis that threatens one of the world’s most critical energy routes. Ebrahim Zolfaqari, spokesperson......
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