The recovery of Hormuz Strait Shipping is expected to take several weeks even after diplomatic efforts to end the recent Iran conflict, according to the head of one of the world’s largest tanker operators. Industry executives say shipping companies remain cautious about returning vessels to one of the world’s most strategically important maritime routes until…
In a new study, the UN Conference on Trade and Development (UNCTAD) estimated that over the past two months, the volume of trade through the Suez Canal has fallen by a whopping 42 per cent. “With major players in the shipping industry temporarily suspending Suez transits, weekly container ship transits have fallen by 67 per…
In its latest alert on the deteriorating situation for 1.9 million displaced people in the Strip, UN aid coordination office OCHA blamed “delays and denials” along with active conflict for the lack of distribution beyond Wadi Gaza. “This includes medicines that would have provided vital support to more than 100,000 people for 30 days, as well…
