The new routes will take longer, and some shipping companies are adding a surcharge to compensate for the additional risk, as ...

The Middle East conflict has stoked fears of prolonged disruption to global trade via key maritime corridors.

The war in Iran is choking off a key shipping route in the global supply chain, potentially leading to massive delays in the ...

With few captains willing to brave the Strait of Hormuz as war rages around the Gulf, companies will have to do business ...

Performance Shipping Inc. (NASDAQ: PSHG), ('we” or the 'Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that, through two separate wholly-owned ...

Insurance companies are cancelling war risk coverage for vessels in the Gulf as the widening Iran conflict disrupted shipping ...

Major Japanese shipping companies have suspended navigation through the globally crucial Strait of Hormuz amid the heightened ...

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, ...

Shipping companies Maersk, Hapag-Lloyd and CMA CGM are rerouting vessels around Africa, away from the Suez Canal and the Bab el-Mandeb Strait, after US and Israeli strikes on Iran and the closure of ...

The outbreak of the conflict in the Middle East has seen maritime insurers cancel coverage, adding to the risk shipping companies face. Many insurers now refuse to offer war risk coverage for the Gulf ...

The cost of shipping crude oil from the Middle East to China surged to the highest level on record, Bloomberg said, as the US ...