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Summit Shipping Line has announced the launch of its new Bharat UAE Shuttle service between India and the United Arab Emirates. According to DynaLiners, the BUS service is understood to be a shortened version of the carrier’s Bharat Red Sea Service, which also included a call at Aden. The revised rotation will be: Mundra – […] The post Summit Shipping
Iran has indicated that vessels seized over alleged links to the United States and Israel could be sold to compensate people affected by the recent conflict. Shipping reports have identified the container ships MSC Francesca and Epaminondas among the vessels potentially concerned. However, no final decision regarding their sale has been announced, as reported by […] The post Iran considers
Two of the Iran-linked oil supertankers interdicted by American naval forces early in the war are just weeks away from reaching the US, where authorities have pledged to seize the vessels and millions of dollars worth of crude that they’re transporting.
Ship-to-ship transfers in the Gulf of Oman for Middle Eastern oil from inside the Strait of Hormuz have reached their limits after Saudi Arabia diverted exports from the Red Sea, adding to shipments from other producers, trade sources and analysts said.
Two weeks after the Houthis took the Yemeni side of Bab el-Mandeb, renewed fighting in northern Ethiopia puts the African side in play, and Ethiopia’s sea corridors along with it. The post How Ethiopia’s war threatens the Red Sea’s last stable flank appeared first on Container News.
SANAA – De Jemenitische Houthi’s hebben de Europese Unie in een brief geschreven dat ze Europese schepen in de Rode Zee niet zullen aanvallen, bericht de Financial Times (FT). De Houthi’s verklaarden eerder dat alleen Saudische schepen doelwitten kunnen zijn. De door Iran gesteunde Houthi’s stuurden hun brief ruim twee weken geleden, vlak voordat ze […]
Qatar has ramped up liquefied natural gas tanker traffic through the Strait of Hormuz to the highest in more than two months, a sign it’s becoming more comfortable moving ships through the waterway.
A US-sanctioned oil tanker, Sibu 1, has been freed after being hijacked by Somali pirates in August, the maritime police force in Somalia's semi-autonomous Puntland region said on Friday.
Unrelenting congestion and rising bunker prices have pushed intra-Asia rates up for a month. Drewry’s Intra-Asia Container Index climbed for a fourth straight week, with typhoon and geopolitical disruptions combining with pre-Golden Week (1 October) demand to drive up spot rates across key routes. On 17 September, intra-Asia rates edged up 6% from 10 September, to $1,402 per 40ft, as
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Shipping companies have been forced to rethink how they plan, invest and manage risk as the industry moves deeper into an era of overlapping geopolitical, technological and regulatory disruption, senior executives told nearly 300 delegates attending the opening Big Issues session at Splash Singapore yesterday. Splash editor Sam Chambers framed the discussion around a decade …
A Bahrain-led group backed by 80 countries has called for the immediate reopening of the Strait of Hormuz, demanding safe and unimpeded passage for commercial ships without tolls, conditions or...
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When the EU decided to put tariffs on electric cars manufactured in China two years ago, CleanTechnica contributor José Pontes pointed out that they only applied to battery electric cars. He predicted the policy would spur Chinese manufacturers to prioritize plug-in hybrids. His powers of prognostication have proven eerily prescient, as ... [continued] The post Glut Of Chinese Plug-In Hybrids
While most firms are keeping the returned cash, the institution said “a nontrivial portion” of refunds is being used to benefit customers and employees.
The Drewry World Container Index edged lower this week as falling Asia-Europe rates outweighed firmer pricing on the Transpacific, with carriers preparing another round of blank sailings ahead of China’s...
The pact reached last year to lower tariffs and suspend other trade actions will stay in effect until Jan. 10, Treasury Secretary Scott Bessent told Fox News.
Suez Canal transits rose 27% year over year in August as shipping lines selectively resumed Red Sea-Suez sailings. The post New data shows Suez route transits rose 27% in August appeared first on FreightWaves.
A supercharged rally in tanker earnings is attracting new investors to the global shipping industry, as the war in Iran points to how geopolitical crises can drastically curtail the supply of vessels.
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Executives should be mindful that earnings calls are effectively a “voluntary deposition,” Terence Lau, dean of Syracuse University’s College of Law, said.
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Ontdekt via de brede nieuwsradar. Lees het oorspronkelijke bericht voor inhoud en context.
Ontdekt via de brede nieuwsradar. Lees het oorspronkelijke bericht voor inhoud en context.