Shippers Warned: Review Insurance as War-Risk Policies Exclude Delays
The ongoing conflict in the Middle East is prompting insurers and shippers to re-evaluate their exposure to disruptions affecting air and sea transport. Supply ...
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10,829 articlesCargo Piles Up as Vital Bangladesh-Middle East Trade is Halted
Bangladeshi exporters are experiencing significant disruptions to their trade with the Middle East following Iran's closure of the Strait of Hormuz. This has re...
Two Million TEUs of Cargo Impacted by Hormuz Strait Closure
As the conflict between the US/Israel and Iran enters its fifth day, with the Strait of Hormuz effectively closed, the scale of ocean freight potentially caught...
Great Eastern Shipping Continues Fleet Renewal with New Kamsarmax Acquisition
India's The Great Eastern Shipping has maintained its consistent fleet renewal efforts, acquiring another secondhand bulk carrier as it strategically reshapes i...
Hapag-Lloyd Outlines Contingency Measures for Gulf Cargo Amid Security Concerns
Hapag-Lloyd has announced contingency procedures for shipments connected to several Gulf countries due to the ongoing security situation in and around the Upper...
Estonian Owner Amisco Orders Two Multipurpose Newbuilds in China
Estonia's Amisco is set to expand its fleet with an order for two multipurpose dry cargo vessels to be built in China. The Tallinn-based shipping company announ...
Exmar Buys Back VLGC
Belgian owner Exmar has agreed to buy back one of its Very Large Gas Carriers (VLGCs) from its lessor, effectively reversing a sale-and-leaseback deal that was ...
How the Gulf Crisis Reshaped Maritime Risk Assessment
When private insurers withdrew from the Persian Gulf within 72 hours of US and Israeli strikes on Iran, they did more than just re-evaluate risk; they effective...
MSC Implements War Surcharges Amidst Middle East Security Concerns
MSC Mediterranean Shipping Company has announced the introduction of new surcharges on several key trade routes. This decision comes as the escalating security ...
Oil Spills, 20,000 Stranded Seafarers, and a Widening Conflict
The maritime war in the Middle East has entered a perilous new phase over the last 24 hours, with the conflict’s geographic footprint expanding significantly ...
Sanctioned Russian LNG Tanker 'Arctic Metagaz' Sinks in Mediterranean After Explosions
The sanctioned Russian LNG tanker, Arctic Metagaz, has sunk in the central Mediterranean following explosions and a subsequent fire. Libyan port authorities and...
Evergreen Halts Bookings for Multiple Middle East Ports Amid Security Concerns
Evergreen Marine Corporation has temporarily stopped accepting new bookings for several key Middle East ports due to the ongoing and evolving security situation...