The CEO of the world’s fifth-largest liner says vessels and crews are stuck in Persian Gulf; warns on oil-price rise.
The Middle East conflict has stoked fears of prolonged disruption to global trade via key maritime corridors.
The shift comes in reaction to the growing possibility of a military confrontation between the United States and Iran.
Shipping giant Maersk has halted its operations and sailings in the wake of the US-Israel-Iran latest conflicts. Due to the deteriorating security situation in the Middle East region following ...
The company in charge of the Suez Canal continues to coordinate actions with shipping liners and clients to support global ...
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Iraq's $17BN Suez Canal rival
For over 150 years, the Suez Canal in Egypt has been essential for trade between Europe and Asia. A new project is set to transform trade routes by making Iraq a hub for international commerce. Iraq ...
Add Yahoo as a preferred source to see more of our stories on Google. Egypt's Suez Canal resumes normal traffic after collision CAIRO (Reuters) - The new stretch of the Suez Canal near Egypt's Little ...
SUEZ, Egypt — A maritime traffic jam grew to more than 200 vessels outside the Suez Canal and others began changing course as dredgers worked frantically to free a giant container ship that has been ...
Bangladesh’s export success has never been just about competitive labour or entrepreneurial energy. Logistics—the quiet, disciplined movement of goods from factory floors to port gates, from container ...
A bulk carrier vessel became wedged Thursday in Egypt’s Suez Canal, briefly blocking traffic in one lane of crucial global waterway, Egyptian authorities said. The Suez Canal Authority said in a ...
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