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is a chokepoint for global oil shipments, particularly for crude oil traveling from the Gulf to Europe and the Americas. Map from MarineTraffic of shipping routes through Red Sea on Match 21 ...
Iran threatened to close the Strait of Hormuz, a vital shipping lane handling 20% of global petroleum demand, in response to ...
Henry Wilkinson, chief intelligence officer with Dragonfly Intelligence, describes the current threats to global shipping and aviation posted by geopolitical conflicts.
Once famous for building the world's biggest and most powerful engines, Finnish company Wärtsilä is investing heavily in ...
NEW DELHI/LONDON (Reuters) -Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on ...
IMO Secretary-General Arsenio Dominguez emphasized the global shipping industry's need for significant investment in technology ...
For Mexico, the corridor could tilt decades of northern-focused investment southward, redrawing the country’s economic map. Yet the same ... and the global marketplace waits to see if one ...
Global shipping is slowing a month after President Donald Trump’s “Liberation Day” escalation of the trade war. Georgia companies, workers and consumers could soon feel that softening.
For many, the reason for inaction is simple: The prospect of marketing internationally, managing customs requirements and shipping to cross ... not signal the end of a global journey.
The disruption impacted global supply chains, driving up shipping costs and delivery times. Traffic had risen back again, but has come under new threat as the Houthis have said they will launch ...