The CEO of the world’s fifth-largest liner says vessels and crews are stuck in Persian Gulf; warns on oil-price rise.
The shift comes in reaction to the growing possibility of a military confrontation between the United States and Iran.
The Middle East conflict has stoked fears of prolonged disruption to global trade via key maritime corridors.
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 ...
The Navy’s newest and world’s largest aircraft carrier USS Gerald R. Ford is now operating in the Middle East.
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 ...
Egypt's Suez Canal revenues rose 14.2% year-on-year between July and October, the canal authority said on Tuesday, citing calmer conditions in the Red Sea after a ceasefire in Gaza and a pick up in ...
As efforts to dislodge the huge container ship stuck in the Suez Canal intensified Saturday, an animal-rights nonprofit is airing concerns over animals trapped in cargo vessels. Ships carrying ...
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 ...