shipping

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

The surge in oil shipping costs follows increased crude exports from the Middle East as traders have accelerated charters

The new geared Ultramax vessels are designed to provide operational flexibility and efficiency, with the ability to access ports with limited infrastructure

The UAE said it had successfully rescued all 22 people aboard the Magic Seas after an AD Ports Group vessel, Safeen Prism, responded to a distress call