Iran seizes ships in Strait of Hormuz
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Analysts warn shipping risks through the conduit are at their highest level yet after this weekend's vessel strike and U.S. seizure of an Iranian-linked ship.
Two container ships linked to China’s state-owned Cosco Shipping Corp. exited the Persian Gulf through the Strait of Hormuz on Monday, the first vessels operated by a major Beijing-backed company to navigate the waterway since the start of the war.
The Iranian-flagged container ship boarded by U.S. forces Sunday was a frequent visitor to Chinese ports, and it had spent time in waters known for illicit ship-to-ship transfers, according to open source tracking data and shipping experts.
Importers have received notice of another increase in shipping costs as a result of rising fuel prices, driven by conflict in the Middle East. Bermuda International Shipping, which operates the
LOS ANGELES/HONG KONG (Reuters) - Container ship bookings for China-to-U.S. cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories ...
Alphaliner named HMM, Yang Ming and Evergreen as the big winners of a port fee-inclusive shipping environment. Friedemann Kohler/picture alliance via Getty Images Taiwan’s other major carrier, Yang Ming, had just one port call with a Chinese-built ship ...