ALBAWABA - U.S. President Donald Trump said in a statement that Iran will face “the most crushing economic operation ever” and any country that trades with Iran will “face tremendous economic…
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The VLCC market has gone into overdrive, with rates surging simultaneously east and west of Suez as Chinese crude buying, tightening tonnage lists and the Hormuz crisis combine to produce one of the…
Oil supertankers in Gulf are renting for $500,000 per day: Report Supertanker owners are getting paid $510,000 per day to bring crude oil from the Gulf to Asia, in a sign of high demand for vessels…
Traffic through Hormuz Strait shows no rise, data suggests Shipping traffic at the Strait of Hormuz did not rise, with a total of nine vessels transiting the strategic waterway on Wednesday -…
DP World has reached a significant milestone in its US$ 800 million investment programme at the Port of Tartous, completing the delivery of all three Mobile Harbour Cranes that are expected to…
The Forward Seamen's Union of India has raised concerns that some shipowners are pressuring seafarers to sail through the high-risk zone in the Strait...
Global supply chains are facing a “double whammy” of disruptions at critical choke points like the Red Sea and Strait of Hormuz. Oliver Sawbridge of Zero100 explains how these simultaneous crises are…
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