The Iranian cargo vessel seized by U.S. forces in the Gulf of Oman over the weekend is part of a shipping network tied to trade with China, a key economic partner for Tehran, The Wall Street Journal ...
Global attention remains fixed on the Strait of Hormuz, a critical maritime corridor for global energy and trade, as tensions involving Israel, the United States, and Iran continue to escalate. The ...
When the Ever Given became stuck in the Suez Canal in 2021, the BBC reported, it prevented approximately 12% of the world's trade from passing through. The Ever Given itself had a capacity for 20,000 ...
The British military said a cargo ship on the new Omani UN-backed route sustained bridge damage from a projectile, hours after the IRGC warned that vessels without Iranian permission were transiting ...
A cargo vessel has been hit by an unknown projectile in the Strait of Hormuz, which has ignited a fire onboard, the United Kingdom Maritime Trade Operations (UKMTO), a Royal Navy-sponsored ...
Freight ship owners are exercising extra caution and some are opting to stay away from the Red Sea and the Persian Gulf after Israel's attacks on Iran. The Strait of Hormuz connects the Persian Gulf ...
Ocean freight rates from Shanghai to the Port of Khor Fakkan on the United Arab Emirates' Indian Ocean coastline are up 76% compared to mid-May, reaching $3,341 per forty-foot equivalent unit. The ...
U.S. Central Command and the ship’s owner disagreed on whether the vessel coordinated safe passage with the United States military. By Peter Eavis The attack on a French cargo ship in the Strait of ...
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