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CARGO TRAFFIC PLUNGE
The City of Gold starts coming back to life after its darkest hourDubai's economic landscape is tested after regional conflict. Aviation, hotels, and real estate see impacts. Luxury retail also faces press...- A 22-day oil clock ticks down in Iran as Strait of Hormuz blockade tightens chokeholdIran faces a critical shortage of oil storage. Unused capacity is dwindling, potentially leading to significant production cuts. A US-led b...
- Hormuz traffic at standstill as US vessel seizure widens riskCommercial traffic in the Strait of Hormuz has halted again. This follows a brief reopening over the weekend which ended with the US seizin...
- How a US blockade on Iran has sanctioned ships turning aroundThe US Navy’s blockade of Iran is showing impact, with sanctioned vessels turning back or halting after crossing the Strait of Hormuz. Offi...
- Fuel price freeze: Rs 18/litre loss on petrol, Rs 35 on dieselState-owned fuel retailers IOC, BPCL and HPCL face widening losses of Rs 18 per litre on petrol and Rs 35 on diesel as prices remain frozen...
- US House to vote on aviation safety bill after deadly Washington midair crash that killed 67The House is gearing up to cast a pivotal vote on an aviation safety bill that has the potential to change the skies for the better. In lig...
- US-Iran ceasefire set to ease pressure on India's energy suppliesIndia's energy outlook improves as a ceasefire between Iran and the US brings down crude oil prices. The critical Strait of Hormuz is reope...
- Hormuz on edge: GPS blackouts, mine warnings rattle Indian seafarersIndian sailors face grave dangers in the Strait of Hormuz. GPS systems are failing, and warnings of underwater mines are frequent. The Isla...
- Hundreds of ships drop anchor in Middle East Gulf, data showsOver 150 tankers are anchored in Gulf waters. This follows U.S. and Israeli strikes on Iran. The region is in turmoil. Shipments through th...
- China-to-US shipping collapses! Cargo traffic plunges 42% as trade slowdown deepensChina’s trade with the U.S. is slowing fast, with shipping and exports falling sharply. Fewer cargo ships are moving between the two countr...
- Egypt's Suez Canal mulls discounts on transit fees to bring back trafficOsama Rabie of the Suez Canal Authority said discounts on transit fees are being considered. The discounts range from 12% to 15%. This is t...
- Cargo ship that caused Baltimore bridge collapse had power blackout hours before leaving portInvestigators attribute the March collapse of Baltimore's Francis Scott Key Bridge to the cargo ship Dali's electrical blackout, caused by ...
- Baltimore bridge collapse: Six workers presumed dead; shocking sight to seeSix workers are missing and presumed dead after a cargo ship collision caused a Baltimore bridge collapse, leading to a major port closure....
- What do we know about Baltimore's Francis Scott Key Bridge?Baltimore's Francis Scott Key Bridge collapsed after a container ship collision, plunging cars into the water. The steel bridge, opened in ...
- Cargo ship hits Baltimore's Key Bridge, bringing it down. Rescuers are looking for people in waterA container ship collided with the Francis Scott Key Bridge in Baltimore early Tuesday, causing a section of the bridge to collapse into th...
- IndiGo moves fast to save on costs with business expected to be slowOwnership, fuel and maintenance costs are favourable for the Neo series instead of the existing Airbus series.
- 'Single biggest shock': Airlines, airports battle coronavirus cash crunchAs Boeing and other U.S. aviation companies angle for billions in assistance, airlines and airport operators globally are suspending divide...
- Kolkata, Haldia docks run short of proper arrangementsGiven the speed at which the Ganga is silting up downstream, country boats are all that may be left to ply on this great river, 50 years he...
- Air France-KLM reports first loss, 2,700 job cutsAir France-KLM, Europe's biggest airline, on Tuesday announced losses of 814 million euros ($1.1 billion) for the 2008-2009 fiscal year and...
- Airlines group says industry lost $5BN in 2008The airline industry lost $5 bn in 2008 as passenger growth slowed and cargo shipments fell due to economic crisis.
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