Tehran has sent at least 11 million to 12 million barrels through the waterway since the war began on February 28.

Transport through the Strait of Hormuz remains at a near standstill as the Middle East war disrupts the vital waterway.

The trip still depends on navigation in the crucial Strait of Hormuz, which is effectively closed for commercial ships.

New import bookings have collapsed while cancellations spike, reports Dun & Bradstreet.

For the container industry, war-risk surcharges are no longer exceptional line items that appear and disappear with individual conflicts. 

What container shippers want most today is service stability. But global forces are making that wish increasingly tough to grant.

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.