French shipping group CMA CGM issued a statement Saturday asking its vessels in the Gulf to "take shelter" and suspending any ...
Exporters fear higher logistics and insurance costs due to the Middle East conflict, warning that shipment delays and rising freight rates may disrupt trade and strain margins.
The company said passage through the Suez is suspended until further notice and ships will be rerouted around the Cape of Good Hope.
Oil companies like Exxon Mobil (XOM) and Chevron (CVX) may benefit from higher oil prices, but gains depend on supply ...
Two major shipping groups on Saturday suspended navigation through the Gulf as conflict flared between the United States, ...
French container line CMA CGM has instructed its ships in the Persian Gulf to take shelter in response to the uncertain maritime security situation in the region following US and Israeli strikes on ...
Geographically, the Strait of Hormuz is a narrow maritime corridor connecting the Persian Gulf to the Gulf of Oman and the ...
Russia’s shadow fleet of oil tankers is now believed to be over 1,000-strong. The ships are 20-25 years old. Putin has neither the time nor the money to build all the ships he needs. And he needs a ...
Indian exporters have flagged fresh concerns over logistics disruptions and rising costs after the US and Israel launched strikes on Iran, triggering .
US-Israel strikes on Iran and fresh Houthi threats in the Red Sea raise fears of trade disruption, oil price surge and a ...