The world’s biggest shipping lines have made disruptive changes to their operations in Nigeria as the deadly war in the Middle East ...
Shipping and air transport were thrown into turmoil this week as the Middle East conflict intensified, prompting fresh security warnings, a surge in tanker earnings and widespread suspensions across ...
Shipping companies are avoiding the Persian Gulf. 13.6 percent of global airfreight capacity is lost. This could also affect tech supply chains.
Closure of the Strait of Hormuz and escalating Middle East conflict disrupt global shipping, threatening delays, higher ...
The Hong Kong-listed conglomerate has been seeking to sell its non-Chinese ports business, which spans 43 terminals in 23 countries Read more at The Business Times.
A BlackRock-backed consortium ​is pushing to complete its acquisition of ‌CK Hutchison's global ports business without two terminals in Panama, after authorities seized the assets, Financial Times ...
The Strait of Hormuz is a strategic maritime corridor through which nearly 25 per cent of the world’s oil passes. Any ...
Shipping and logistics companies have restricted or halted bookings through the region, with oil prices already on the rise. Disruptions could snarl trade around the world.
U.S. gas prices rose 40% as a result of the 1973 oil shock, and prices at the pump are threatening to increase again as a result of the U.S. and Israeli strike on Iran.
Some shippers suspended booking services and are skipping certain port calls, meanwhile warning of transport delays and ...
Global oil and gas shipping rates soared, with ​supertanker costs in the Middle East hitting all-time highs, as the U.S.-Iran ...
Security concerns around the Strait of Hormuz and the Red Sea–Suez Canal corridor have prompted major carriers to suspend or ...