shipping

Middle East crude exports climbed above pre-war levels on several days in late September, even as tanker attacks intensified in and around the Strait of Hormuz

The crude oil tanker was struck on its port side four nautical miles east of Oman on October 3, with all crew reported safe

More than 80 per cent of world merchandise trade by volume is transported by sea, while maritime networks carry an estimated $14tn worth of containerised goods

Data shows just five commodity vessels transiting the strait on Saturday, with none registered for Sunday

Shipping traffic through the Strait of Hormuz remained severely disrupted on Monday, with just six vessels transiting the key energy chokepoint as hopes faded for a US-Iran peace deal

The German Shipowners’ Association (VDR) said such a measure would be legally impermissible

The UAE has condemned an attack targeting an Indian-flagged vessel off the coast of Oman, warning that escalating maritime tensions in the Gulf threaten regional stability

The US Central Command has redirected 37 vessels since a blockade was imposed on Iran on April 13, the military said on April 25.

Around 20 vessels began sailing towards the Strait of Hormuz on Friday evening but soon halted, with some turning back

The Maritime Centre will operate alongside DMCC FinX and DMCC Wealth Hub, creating a more integrated ecosystem linking physical trade with financial services