The term “flagging a ship” refers to the process of registering a ship in a particular country called the flag state ...
Escorting oil tankers in the strait is an incredibly high-risk mission, and might not even be enough to ensure their safe ...
Before the war began on 28 February, the bunker surcharge per container was at $700-$750. It has now surged to $3,500, excluding the additional war risk premium, according to industry insiders ...
The war with Iran has spread to the seas, with three more merchant vessels struck overnight in the Strait of Hormuz, including a container ship that caught fire, according to UK Maritime Trade ...
The cause of attacks on the commercial vessels in the strait - a vital corridor for oil - is being investigated.
The United Kingdom Maritime Trade Operations centre, which is run by the British military, said the vessel was hit off the coast of Oman in the strategic waterway.
A ceasefire won’t clear the coast. From paralyzed gas plants to broken textile looms, the global economy, and India, could face a gruelling road to recovery. What exactly is the timeline?
Middle East conflict disrupts shipping routes, raising costs and delays Major carriers impose conflict surcharges on routes to African ports Detours, insurance hikes and oil prices threaten higher ...
More than a dozen oil tankers and cargo ships have been attacked in the Persian Gulf since the U.S.-Israeli war against Iran began nearly two weeks ago, a New York Times analysis shows.
The American military says it was not brought down by hostile or friendly fire. Meanwhile, Israel continues strikes against ...
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