Ships are rerouting, air cargo is tightening, and companies are adding new war risk surcharges as the Middle East conflict disrupts supply chains.
Iran's move to shut the Strait of Hormuz has brought shipping through the 24-mile stretch of water close to a standstill.
A tanker at anchor in Kuwait reports large explosion as five other ships including MSC container ship are involved in strikes or near misses in 24 hours.
The cost of hiring a supertanker to ship oil from the Middle East to China has surged to over US$400,000 a day. Read more at ...
MSC halts Middle East bookings as Maersk, Hapag-Lloyd and CMA CGM reroute vessels and add conflict-related container fees.
The conflict has hit Europe and Asia harder than the United States, with rising shipping costs and energy prices.
While political focus is on the energy crisis, the direct targeting of oil tankers threatens to turn the sea black ...
The global shipping industry has moved swiftly to shield fleets and crews as tensions between the United States, Israel and Iran spill into key maritime corridors, prompting warnings from governments, ...
Tanker incident off Kuwait results in oil spill as several vessels report maritime safety incidents across Gulf shipping routes ...
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A Russian national was the captain of the Solong ship that crashed with the Stena Immaculate, a vessel chartered by the U.S. military, the container ship's owner, Ernst Russ, has said. The rest of the ...
Rising energy prices, snarled supply chains and higher government debt could all hurt American consumers. Three kinds of ...