Ships are rerouting, air cargo is tightening, and companies are adding new war risk surcharges as the Middle East conflict ...
CEOs from two of the world's largest shipping companies said that the industry has shown resilience in the face of challenges, particularly the Iran war. Vincent Clerc, chief executive officer of ...
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International shipping 'chaos' as Strait of Hormuz closure sends ripple effects across the globe
Around 90% of global goods are transported by sea. And while just approximately 5% of that travels directly through the Strait of Hormuz, Iran's effective closure of the key passage is having a ripple ...
Hong Kong (CNN) — As the metal gangway is lowered, the crew gets to work securing the ship to the dockside – their bright orange jumpsuits dwarfed by the vast pink container ship behind them. Once the ...
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