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GLOBAL SHIPPING ROUTES
Shipping traffic via Strait of Hormuz stays lower than 10-day average, data showsOn Wednesday, ten commodity vessels traversed the Strait of Hormuz, slightly increasing from the previous day's count. This number remains ...- Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mountingIran's closure of the Strait of Hormuz initially raised concerns about soaring oil prices impacting the global economy. However, Gulf produ...
- OECD raises India's FY27 GDP growth forecast by 80 bps to 7.1%The OECD has raised its FY27 India growth forecast by 80 basis points to 7.1%, from 6.3% earlier, joining Fitch, S&P Global Ratings and Moo...
- Iran's actions risk 'global economic instability', says G7; warns West Asia conflict may escalateThe G7 warned that Iran's actions risk further escalating the West Asia conflict, undermining international trade and creating global econo...
- Red Sea mission needs more than 10 warships, EU's Kallas saysThe European Union's Red Sea naval mission requires more warships to counter escalating Houthi threats. Currently, six warships are deploye...
- Bombs were loaded, targets were set, then Trump changed his mind. Behind America’s U-turn on Houthi strikesUS President Donald Trump ordered preparations for airstrikes against Iran-backed Houthis in Yemen after Saudi Crown Prince Mohammed bin Sa...
- Hormuz shuttles keep oil flowing, but at a high costMiddle East oil producers are increasingly using ship-to-ship (STS) transfers off Oman to keep crude exports moving despite disruptions fro...
- The Other Hormuz: Black Sea blockade threatens a food supply shockCombined Russian and Ukrainian wheat exports are estimated to end up at roughly half what they were last year for the July to September har...
- Pakistan minister Naqvi to visit Tehran; Iran says talks to focus on bilateral tiesPakistani Interior Minister Mohsin Naqvi is set to visit Tehran on Sunday to address bilateral agreements and rising West Asian tensions, i...
- World running short of supertankers threatens long-haul oil flowA shortage of supertankers, driven by the US-Iran conflict and a South Korean tycoon's big shipping bet, has pushed freight costs to record...
- India needs multi-route energy strategy as West Asia tensions threaten supplies: ExpertsGrowing West Asian tensions expose India's energy supply vulnerabilities. Experts urge a multi-route strategy and diversified crude and gas...
- Crude Oil Above $100: Can Saudi Arabia’s export disruption trigger a new global energy shock?Crude oil has crossed $100 a barrel as Saudi Arabia faces disruptions to its alternative export route following attacks on the East-West Pi...
- China built a 134-km long canal digging through mountains for four years; it now cuts 560 kms to reach the seaChina has opened the Pinglu canal, a 134.2 km waterway built over four years at a cost of USD 10.75 billion, linking Nanning in Guangxi to ...
- Shell-led LNG Canada partners may take Phase 2 FID as early as OctoberLNG Canada partners may decide on a Phase 2 expansion next month. This expansion would double the facility's export capacity to twenty-eigh...
- Oil Price Today (September 18): Crude oil falls below $104, down for third session. What are experts saying?Crude Oil Price Today : Markets largely looked past the latest threats to supply, even as Saudi Arabia and Yemen's Iran-backed Houthis exch...
- Aramco closes supply tap for Indian refiners, new oil barrels to cost moreSaudi Arabia has sold some spot cargoes to traders expected to deliver small volumes to Indian refiners through Hormuz. The risk-taking tra...
- US crude shipping costs to China hit record as Middle East war disrupts oil flowsShipping costs for US crude oil to Asia have reached record highs. This surge is driven by Middle East energy flow disruptions and increase...
- Saudi Arabia runs out of oil export routes as pipeline shuts, Hormuz blockedSaudi Arabia's oil exports face growing challenges after attacks closed a key pipeline. Iran and its allies have tightened their grip on vi...
- Yemen's Houthi rebels seize more key islands in southern Red Sea, tighten grip on shipping routesYemen's Houthi rebels have captured key islands in the southern Red Sea. This move strengthens their control over a vital maritime shipping...
- Cochin Shipyard Ltd and Drydocks World form joint venture to strengthen India’s ship repair industryDrydocks World and Cochin Shipyard Limited have formed a joint venture. This partnership will operate and expand the International Ship Rep...
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