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Ocean freight rates for vessels operating in the Mideast are soaring as risks rise around the Strait of Hormuz and Iran conflict.
A submerged river valley under the Madura Strait was found packed with Homo erectus fossils and other bones submerged since ...
The Strait of Hormuz is one of the world's busiest shipping lanes, so any disruption would hit the energy markets hard.
Iranian lawmaker says Tehran considering closing waterway, described as ‘world’s most important oil transit chokepoint’.
New Rabobank research shows the potential effect of losing this critical shipping channel to the global fertilizer market.
Iran ceasefire held on Tuesday, but GPS jamming in the Strait of Hormuz remains a top security concern for vessels, according ...
Archaeological evidence confirms a long history of human movement from the southeastern coast of the Chinese mainland to the ...
Ocean freight rates from Shanghai to the Port of Khor Fakkan on the United Arab Emirates' Indian Ocean coastline are up 76% compared to mid-May, reaching $3,341 per forty-foot equivalent unit.
At its narrowest point, the Strait of Hormuz is 21 miles, and that is a primary reason why the GPS signal jamming is a critical issue for ships, Frangou said. "This is very important," Frangou said.
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