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Tag: US-Iran War

Iran War escalation raises shipping costs and delivery risks for B2B sellers

CHICAGO: The escalating war in the Middle East is beginning to disrupt global shipping networks, raising freight costs and...

Chubb to serve as lead US insurer for Gulf shipping amid Iran war

WASHINGTON : Insurance Giant Chubb (CB.BN), opens new tab will be the lead partner on the U.S. International Development...

India’s West Coast Ports feel Gulf War Impact as Cargo gets Stranded

MUMBAI/GANDHIDHAM: Exports of containers, rice shipments, LPG imports and bulk cargo such as sulphur and gypsum have been disrupted...

Global trade reroutes to Africa as Hormuz traffic plunges 90%

LONDON: Commercial shipping traffic through the Strait of Hormuz has dropped as much as 90% amid escalating conflicts in...

Shipping Ministry Reviews Maritime Situation in Persian Gulf; Enhanced Monitoring to Safeguard Indian Vessels & Seafarers

NEW DELHI: The Ministry of Ports, Shipping and Waterways (MoPSW) is closely monitoring the evolving maritime security situation in the Persian...

DG Shipping forms Quick Reaction Team to handle Persian Gulf crisis

MUMBAI: In the wake of the US-Israel joint strikes on Iran and the subsequent retaliation leading to wider ramifications in the...

CMA CGM suspends Middle East Bookings, Implements Emergency Measures amid escalating Regional Tensions

MARSEILLE: Global shipping major CMA CGM has announced sweeping operational measures across the Middle East, including the immediate suspension of bookings...

‘Strait of Hormuz must not be allowed to shut down’ says Safesea Group Chairman Dr S.V. Anchan

MUMBAI: Amid escalating tensions in West Asia in the wake of US-Israel strikes against Iran, a leading Indian-American maritime...

IREF issued an Advisory in view of Middle East Crisis

NEW DELHI: Indian Rice Exporters Federation (IREF) has issued an advisory to its members inview of the deteriorating situation...