The shipping industry is set to consolidate after Germany-based Hapag-Lloyd agreed to buy Israel’s ZIM Integrated Shipping Services for $4.2 billion. Hapag-Lloyd XE:HLAG said it would pay $35 a share ...

The war in Iran is choking off a key shipping route in the global supply chain, potentially leading to massive delays in the flow of goods to American consumers. The Strait of Hormuz, a narrow ...

The Strait of Hormuz, normally jammed with oil tankers and cargo ships, has been nearly emptied by the war in the Middle East. Ongoing strikes by the U.S. and threats from Iran to fire on ships have ...

Shipping giants have suspended operations through the strategically vital Strait of Hormuz following U.S. and Israeli strikes on Iran. The Middle East conflict has stoked fears of prolonged disruption ...

Global oil prices have risen sharply after Iran's response to US and Israeli airstrikes disrupted shipping, raising the prospect of a new energy-led surge in inflation. Early trading in Asia, the ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Maritime groups, ship owners, port operators and logistics companies are among almost 90 international ...

Danish container shipping giant Maersk said on Friday that it will temporarily reroute some of its vessels away from the Suez Canal in response to “unforeseen constraints” in the Red Sea region. The ...

As concerns over the global oil supply intensify, President Trump has pledged that a little-known U.S. government agency will step in to insure ships sailing through the Persian Gulf, a move he said ...

SINGAPORE, March 2 (Reuters) - Marine insurers are cancelling war risk coverage for vessels and oil shipping rates are set to surge further after the widening Iran conflict left at least three tankers ...

The U.S. and Israeli attacks on Iran are focusing attention on the Strait of Hormuz, a narrow but strategically vital waterway in the region that serves as a key artery for global oil shipments. The ...

Whenever tensions rise between Iran and the United States, one narrow waterway moves to the centre of global attention – the Strait of Hormuz. The world’s largest warship, the nuclear-powered aircraft ...

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