Iran on Sunday reiterated that the Strait of Hormuz remains open to global shipping, except vessels linked to its “enemies,” referring to the United States and Israel. The statement comes amid rising tensions over access to the vital corridor that carries nearly 20% of the world’s crude oil supply. Tehran signalled willingness to work with […]

Argentina has significantly ramped up its liquefied petroleum gas (LPG) exports to India, doubling shipment volumes in response to ongoing supply disruptions from West Asia. The shift underscores India’s efforts to diversify sourcing and ensure energy security amid geopolitical tensions affecting traditional suppliers. Trade sources indicate that increased LPG cargoes from Argentina are helping to […]

Air freight rates have surged sharply as ongoing disruptions across the Middle East tighten cargo capacity and strain global supply chains. Industry sources report that reduced flight frequencies, rerouting of aircraft, and heightened operational risks have significantly limited available air cargo space, particularly on routes connecting Asia and Europe. The disruptions have forced carriers to […]

Hapag-Lloyd has outlined contingency measures to manage cargo shipments to and from the Gulf region as geopolitical tensions continue to disrupt key maritime routes. The shipping line said the plans are designed to ensure cargo movement remains as stable as possible despite the evolving situation in West Asia. According to the company, the contingency framework […]

Rising tensions in the Middle East are expected to drive up steel prices globally as surging oil costs and higher freight rates put additional pressure on production and supply chains, according to industry sources. Analysts note that the Gulf region is a critical hub for crude oil exports, and any disruption in shipping through key […]

India’s maritime regulator, Directorate General of Shipping (DG Shipping), has issued an advisory urging Indian seafarers operating in the Persian Gulf, Strait of Hormuz, Gulf of Oman and nearby waters to maintain continuous vigilance and heightened situational awareness in view of recent unprecedented incidents in the region. The advisory follows reports of a serious onboard […]