Articles tagged with #shipping
Latest articles tagged with #shipping, sorted from newest to oldest.
Trump Waives Us Shipping Law for Oil and Gas in Bid to Lower Prices
The move, which has been in the works for several months, was announced by the Department of Transportation on Tuesday, citing the need to address high energy prices and promote economic growth. The shipping law, known as the Jones Act, requires that oil and gas imports be transported on US-flagged ...
Tracking the Wave of Ship Attacks That Has Choked Off Strait of Hormuz
The Strait of Hormuz, a narrow waterway connecting the Persian Gulf to the Gulf of Oman, has long been a vital artery for global oil trade. However, a series of attacks on ships traveling through the strait has raised concerns about regional security and the potential impact on global oil prices. Ri...
Iranian-linked Ships Continue Transit Through Strait as Global Shipping Industry Remains Cautious
The Strait of Hormuz, a 21-mile-wide waterway connecting the Persian Gulf to the Gulf of Oman, has been a focal point of global attention in recent months. The passage is crucial for the transportation of oil and other vital commodities, with nearly 20% of the world's oil production passing through ...
Top Shippers Cut Mideast Bookings Amid Dubai Port Suspension
The suspension of Dubai's Jebel Ali port has sent shockwaves through the global shipping industry, with top shippers scrambling to adjust their schedules and routes. The port, which is operated by DP World, was shut down in response to the COVID-19 pandemic, causing a backlog of cargo. As a result, ...
Iran: Explosion Hits Bandar Abbas Port — Reports
The explosion occurred on Tuesday evening, with reports suggesting that it was a massive blast that shook the port area. Eyewitnesses described hearing a loud explosion followed by a fire that broke out in the vicinity. The cause of the blast is still unknown, but authorities have launched an invest...
The edmund fitzgerald
The SS Edmund Fitzgerald was a Great Lakes freighter that was built in 1958 by the Great Lakes Engineering Works in River Rouge, Michigan. The ship was 729 feet long and was named after a former vice president of the company, William Edmund Fitzgerald. It was one of the largest ships on the Great La...