Oil Prices Slide as Inflation Fears Outweigh Middle East Tensions
Oil prices fell sharply on Friday even as tensions between the United States and Iran continued to escalate, with investors
Oil prices fell sharply on Friday even as tensions between the United States and Iran continued to escalate, with investors
French carrier CMA CGM has introduced a temporary fuel surcharge on container freight following hostilities in the Hormuz region, while
Maersk has temporarily suspended its feeder service to Ukraine via the Chornomorsk Fishing Port, according to Bloomberg News, which cited
Vessel traffic through the Strait of Hormuz continues to decline, according to ShippingWatch, as shipping companies adjust their routing in
US President Donald Trump has warned that Iran will be held financially responsible for any future damage to vessels and
Saudi Arabia’s crude oil shipments are being redirected onto a new route that brings longer sailing times, higher fuel costs,
Kuehne+Nagel’s chief executive has signaled that shipping traffic through the Suez Canal is unlikely to return to significant levels anytime
A new academic study suggests that shipping companies may not be able to depend on the EU’s statutory reimbursement mechanism
The European Union has broadened its sanctions regime targeting Russia’s so-called shadow fleet, now including vessels that provide bunkering and