Its size is about $200 billion.. The war on Iran threatens precious metal trade in the Gulf
The ongoing conflict surrounding Iran is disrupting air and maritime navigation, impacting not just oil and gas but also the vital trade of precious metals in the Gulf region.
The IMO is concerned about the rapidly growing risks in maritime transport - Finland is in an exceptionally important period
The International Maritime Organization (IMO) warns of increasing risks to maritime trade amid geopolitical tensions and environmental challenges, with Finland actively participating in discussions on global shipping safety.
Iran: "Green light" for Japanese ships in Hormuz – a channel of de-escalation or tactical maneuver?
Iran has announced its readiness to allow Japanese ships to pass through the Strait of Hormuz amidst ongoing regional tensions that are disrupting maritime trade and driving up energy prices.
There is an option for the Strait of Hormuz, but its capacity is quite low
The Strait of Hormuz, a critical maritime route, has seen a drastic reduction in ship traffic due to escalating tensions between the US, Israel, and Iran.
Lloyd's List: Iran Has Been Paid for Ship Passage Through the Strait of Hormuz
Iran has created a 'safe' route through the Strait of Hormuz, charging for passage as revealed by maritime publication Lloyd's List.
Suez, Panama, Malacca... Beyond Hormuz, these other critical points capable of derailing global trade
The article discusses the global implications of Iran's blockade of the Strait of Hormuz and highlights other crucial maritime chokepoints like Suez, Panama, and Malacca that could similarly disrupt world trade.
Maritime Routes of World Trade Only Function in Peace. What Will Happen When They No Longer Apply?
The article discusses the critical importance of maritime routes for global trade and the impact of geopolitical tensions on these routes, focusing specifically on the Strait of Hormuz and other key maritime chokepoints.
Iran considers charging fees for ships in the Strait of Hormuz, says legislator
Iran is contemplating imposing fees on vessels passing through the Strait of Hormuz, a significant trade route for global oil and gas.
International shipping 'chaos' as Strait of Hormuz closure sends ripple effects across the globe
The closure of the Strait of Hormuz by Iran is causing significant disruption to global trade despite only a small percentage of goods passing directly through the strait.
Nigeria secures £746m UK deal to modernise ports
Nigeria has reached a £746 million agreement with the UK to modernise its major seaports, aiming to enhance global competitiveness in maritime trade.
The West in the Crosshairs of Hormuz – Greece, France, and the Reluctant
Greece, France, and Cyprus discussed the formation of a naval defense force to secure vital maritime trade routes during a summit in Paphos, highlighting the urgency of the situation in the Strait of Hormuz.
Kallas: This is not Europe's war
Kaja Kallas emphasized that the ongoing conflict involving Iran should not be regarded as a European war, amidst discussions within the EU about strengthening naval operations to protect trade routes in the region.
Evangelos Marinakis: A Global Call for the Strait of Hormuz - "The Time for Action is Now"
Evangelos Marinakis urges the international community to act urgently as the Strait of Hormuz faces a significant threat to global oil supplies due to geopolitical instability.
The Houthis threaten to block the Bab al-Mandab Strait, a strategic artery between Europe and Asia. They will decide in a few hours.
The Houthis are considering blocking the Bab al-Mandab Strait, which is crucial for international maritime trade between Europe and Asia.
Trump calls on other countries to participate in securing the Strait of Hormuz
US President Donald Trump urged other nations to send ships to help secure the Strait of Hormuz amid ongoing conflicts impacting maritime traffic.
'Our shared interests dictate allowing Indian oil to pass through Hormuz', says Iranian ambassador
Iran's ambassador to India announced that some Indian ships have been allowed to pass through the Strait of Hormuz, reflecting the enduring friendly relations and shared interests between the two countries amidst ongoing conflicts in West Asia.
Thousands of sailors trapped in the Hormuz Strait war, waiting for drones to strike their ships
Merchant sailors in the Hormuz Strait find themselves in the midst of a global conflict, facing uncertainty and isolation as their vessels remain on standby.
What can be done to protect shipping against Iran?
The article discusses the ongoing threat posed by Iran to maritime traffic in the Strait of Hormuz, a vital artery for global oil and gas trade, and explores possible measures to enhance shipping protection.
Iran can threaten the international economy with very small weapons
Iran's regime has gained significant control over vital waters, posing a threat to international economy and maritime security with minimal weaponry following attacks from the US and Israel.
Indian captain safely brought the first oil tanker to India after crossing the dangerous Hormuz Strait, outsmarting threats
India successfully navigated a crucial oil tanker through the dangerous Hormuz Strait amidst tensions between Iran, Israel, and the US, marking a significant achievement for Indian maritime operations.
Shipping Traffic: Beware if these Arteries of World Trade Become Blocked
The article discusses the significance of key maritime chokepoints for global trade and the implications of their blockage.
Shipping Traffic: Woe if These Arteries of Global Trade Become Blocked
The article discusses the critical importance of maritime chokepoints for global trade and the current situation in key shipping routes like the Strait of Hormuz and the Suez Canal.
The United Kingdom reports another attack on a ship in the Strait of Hormuz area
A new attack on a cargo ship in the Strait of Hormuz area has been reported by the UK Maritime Trade Operations agency, raising concerns about maritime security.
Saudi Arabia: Redirects Trade to Its Red Sea Ports to Avoid the Strait of Hormuz
Saudi Arabia is redirecting part of its maritime trade to its western ports in the Red Sea to avoid passage through the Strait of Hormuz due to increased risks from Iranian attacks.
INFOGRAPHIC: how naval mines threaten ships in the Strait of Hormuz
Iran has placed at least 12 naval mines in the Strait of Hormuz, posing a threat to commercial ships that mainly transport oil and liquefied natural gas.
Since the 7th century, the Strait of Hormuz has been a route for silk and oil from Southeast Asia
The Strait of Hormuz has played a crucial role in global trade since the 7th century, connecting Southeast Asian goods to the Arabian Peninsula.
Iran placed about a dozen naval mines in the Strait of Hormuz, says agency
Iran has installed approximately a dozen naval mines in the Strait of Hormuz, posing potential risks to one of the world's most critical maritime routes for oil and liquefied natural gas transport.
Swedish ships stuck in the Persian Gulf: 'Tense situation'
Swedish ships carrying thousands of containers are stranded in the Strait of Hormuz amid heightened tensions in the region.
Expert: Here are the mines that scare oil ships
An expert discusses the new underwater mines that Iran may use as a tactic in the strategic Strait of Hormuz conflict.
Trump issues dire threat to Iran regarding Hormuz
U.S. President Trump has warned of severe consequences if Iran halts oil shipments through the Strait of Hormuz, a crucial maritime trade route.
USA claims to have destroyed 16 Iranian mine vessels
The USA claims to have destroyed 16 Iranian mine vessels near the Strait of Hormuz, amidst rising tensions in the region over mine laying by Iran.
Risk at Sea: What Are Naval Mines and Why They Could Escalate the War Between Iran, the US, and Israel
The article discusses the potential threat posed by Iranian naval mines in the Strait of Hormuz, a crucial maritime route for global oil trade, amid rising tensions between Iran and the United States.
Why are ships linked to China getting through the Strait of Hormuz?
The article discusses the recent passage of ships linked to China through the strategically important Strait of Hormuz, raising questions about geopolitical implications and maritime security.
GPS Jamming: The Invisible Battle in the Middle East Threatening Navigation
A new form of hybrid warfare involving GPS jamming is raising significant safety concerns for maritime trade routes in the Middle East.
From Batumi to Istanbul: The Greek families Arvanitidis and Sideridis in oil trade and shipping
The Arvanitidis and Sideridis families, once significant oil exporters from Batumi, played a vital role in maritime trade from the late 19th to early 20th century.
Missiles fell in Turkey, prompting Pakistan to fear Iranian attacks and start this operation
Pakistan initiated 'Operation Muhafizul Bahr' to safeguard its shipping and maritime trade amidst escalating Iranian missile threats following tensions involving the US and Israel.
The crisis that highlighted the courage of Greek shipowners – And made them billionaires
The article discusses how the Suez Crisis of 1956 transformed the global shipping landscape and propelled Greek shipowners to success during a time of turmoil.
China-Iran Rail Corridor: Discussion of Oil and Weapons via Rail
The Iran-China rail corridor is being discussed as an alternative to maritime trade, but technical challenges and limited capacity prevent its full effectiveness.
What Deal is Happening Between China and Iran Amidst Major Wars Over Oil, Weapons via Rail Routes?
The article discusses the ongoing discourse surrounding Iran's rail corridor with China, emphasizing its limitations compared to maritime trade.
Global Trade at the Center of CMA Shipping
The CMA Shipping Conference, taking place in Stamford, USA, on March 10, will feature a panel discussing the key challenges and prospects of international shipping with participation from various industry leaders.
IBIA: Focus on the Safety of Seafarers
The president of the International Bunker Industry Association emphasizes the importance of seafarer safety amidst rising geopolitical tensions.
US agency will create $20 billion reinsurance for navigation in the Gulf
The U.S. will provide reinsurance for losses up to $20 billion in the Gulf amidst the ongoing war in Iran, announced the DFC.
As Iran chokes Strait of Hormuz, U.S. vows $20B for maritime reinsurance
The U.S. has announced a new $20 billion maritime reinsurance agreement following Iran's threats to close the Strait of Hormuz, a vital oil shipping route.
The Connector Between Continent and Ocean, Balhae
The article examines the 200-year history of the forgotten kingdom of Balhae from a trade perspective, highlighting its role as a mediator between agriculture and nomadism, as well as continental and maritime connections.
What is the Strait of Hormuz and what happens if it is blocked: all the requests
The Strait of Hormuz is a crucial maritime passage in the Persian Gulf, currently under total control by the Iranian Revolutionary Guard Corps.
Iran War: Their Ships Are Stuck at the Strait of Hormuz
A number of container ships remain stranded in the Persian Gulf due to Iranian restrictions at the Strait of Hormuz, creating significant uncertainties for maritime logistics and trade.
A container ship hit by two missiles while crossing the Strait of Hormuz
A container ship was struck by two missiles while attempting to navigate the critical oil trade route of the Strait of Hormuz, amidst escalating tensions and threats in the region.
The naval industry: a billion-dollar opportunity for Mexico and Yucatán
The global maritime economy is entering a new phase of structural expansion, with the naval industry representing a critical sector for international trade.
War in Iran: what alternative routes for global trade in the face of tensions in the Gulf and the Strait of Hormuz?
The article discusses the impact of ongoing tensions in the Gulf and the Strait of Hormuz on global maritime trade, particularly in light of Iran's threats amid conflict with the US and Israel.
Containership hit by projectile north of Oman – Fire in the engine room
A containership was struck by a projectile in the Strait of Hormuz, north of Oman, causing a fire in its engine room according to UK Maritime Trade Operations.