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Keywords: Shipping
The European Union is considering additional measures to reinforce its naval presence in the Red Sea as Houthi attacks intensify, with a possible expansion of its Aspides mission among the options under discussion. Kaja Kallas, the EU’s High Representative for Foreign Affairs and Security Policy,......
A Panama-flagged tanker was struck by an unidentified projectile off the coast of the United Arab Emirates, triggering a fire that was subsequently brought under control, according to the United Kingdom Maritime Trade Operations (UKMTO), as tensions continue to threaten commercial shipping near the Strait......
Oil tanker shipping costs have surged to unprecedented levels as vessels increasingly head toward the Middle East to take advantage of elevated freight rates linked to risks around the Strait of Hormuz. The shift is tightening the global supply of available tankers and raising transportation costs across......
Oil tanker crews operating in the Gulf are reportedly being offered exceptionally high salaries and risk bonuses to navigate the Strait of Hormuz, as growing security threats make one of the world’s most important energy routes increasingly dangerous. Reports cited by the Financial Times indicate......
The Italian shipping company brought together around 120 representatives from travel agencies in Marrakech for the seventh edition of the GNV Awards, an annual event designed to strengthen relations with its distribution network while recognising the performance of its commercial partners. Passenger......
Disruptions across major maritime routes are increasingly reshaping the way goods move around the world, exposing vulnerabilities in a global trading system heavily dependent on shipping. When a key sea lane becomes difficult to navigate or vessels are forced to take longer routes, the effects can spread......
Disruptions to shipping through the Strait of Hormuz are raising concerns about a potential global food security crisis, as interruptions to the strategic waterway threaten supplies of fertilizers and other agricultural inputs. John Denton, secretary general of the International Chamber of Commerce,......
The European Union is seeking to strengthen its naval presence in the Red Sea as security risks continue to affect one of the world's most important maritime corridors. EU foreign policy chief Kaja Kallas has called on member states to provide additional vessels for Operation ASPIDES, saying the......
Shipping through the Strait of Hormuz remains significantly below normal levels despite the continued movement of oil and energy cargoes through the strategic waterway, as diplomatic efforts and military tensions continue to shape the outlook for maritime traffic. The strait has become a central point......