Gulf Shipping Traffic Steady Amid Uncertainty Over Peace Talks

Energy markets remain cautious as negotiations continue in the Middle East Commercial shipping traffic through the Persian Gulf and the Strait of Hormuz remained largely steady on Wednesday despite continued uncertainty surrounding ongoing peace and security talks involving regional powers and international mediators. Maritime tracking data showed that oil tankers, liquefied natural gas carriers, and […]

Maersk Suspends Two Shipping Services Due to Middle East Crisis

Global shipping giant A.P. Moller–Maersk has announced the suspension of two of its maritime services as tensions and security risks continue to escalate across key Middle Eastern shipping routes. The Denmark-based logistics company said the decision was taken following a careful assessment of the deteriorating security situation affecting commercial vessels operating in and around strategic […]