President Donald Trump said on March 3 that the U.S. International Development Finance Corporation would offer insurance “at a very reasonable price."

T&E says Europe’s ageing fleet of nearly 2,000 ferries are a large but overlooked source of foul air in coastal cities.

Do not ignore the potential for your business to leverage upside as a consequence of an otherwise difficult geopolitical event, warns Gartner's David Gonzalez.

Trump said the U.S. International Development Finance Corporation would offer insurance to help ensure the flow of commercial trade in the Gulf.

Some carriers are canceling bookings temporarily, skipping some port calls, warning of delays and implementing surcharges.

Some P&I clubs are expected to issue similar cancellation notices to those published by other members of the International Group on March 2.

Update from the Guardian: Strait of Hormuz closed, Iran's Revolutionary Guards says.

Hapag-Lloyd on March 1 announced a “war risk surcharge” of $1,500 per 20-foot container, effective March 2. France’s CMA CGM SA will charge $2,000.

The Strait is one of the most important focal points at times of tension with Iran, because a fifth of the world’s seaborne oil and liquefied natural gas goes through it each day.

Many countries, including the U.K., continue to back the carbon levy, which would be the first time ships were charged for their emissions.