Tag: maritime trade

Iran has the capability to close the vital Strait of Hormuz but currently has no intention to do so, according to Alireza Tangsiri, the commander of Iran's Islamic Revolution Guards Corps (IRGC) naval forces.

Wallenius Wilhelmsen has secured a multi-year contract valued at over USD 1 billion with a leading global player in the premium car segment.

The latest IAPH World Ports Tracker report has been published, summarising results from the second half of 2023 as reported by IAPH members during the first quarter of 2024. 

The European Community Shipowners' Associations (ECSA) has presented policy priorities for the next five years, focusing on four pillars which are based on ESG (Environmental, Social and Governance) principles. 

Reuters reports that in January, Spain experienced a significant increase in the volume of goods passing through top Spanish ports.

The UN Conference on Trade and Development (UNCTAD) has released a report signalling how attacks on Red Sea shipping which have severely affected shipping through the Suez Canal, added to existing geopolitical and climate-related challenges, are re-shaping the worlds’ trade routes.

According to news, EU members approved a 13th package of sanctions against Russia in relation to Ukraine.

Attacks on ships in the Red Sea and drought in the Panama Canal area have more than quadrupled shipping prices since late 2023. According to Swiss Re, impacts could worsen should disruptions persist into the peak shipping season in the second half of the year.

The Britannia P&I Club issued a circular which highlights recent key developments in the sanctions imposed against Russia by the UK, EU and US. 

According to the International Monetary Fund (IMF) maritime container traffic through the Red Sea has fallen by almost 30% year-on-year, as a result of Houthi attacks on merchant ships off Yemen.