Shipping companies are spending an extra €340 million a day in additional fuel costs as a result of the latest conflict in the Gulf, new T&E analysis shows. As 99% of the global fleet runs on fossil fuels, the industry is directly exposed to fuel p…
Iran conflict costing shipping industry €340 million a day Read More »
The Middle East conflict has delivered an immediate shock to the offshore market. Saudi Aramco, QatarEnergy, Kuwait Petroleum and ADNOC have all reduced, suspended or declared force majeure on production, with Gulf oil exports falling over 60% to aroun…
Shipping Interrupted: Tracking the Impact of Disruptions in the Strait of Hormuz Read More »
The global trading system looks set to be defined by a tug-of-war between high-tech acceleration and geopolitical disruption through to 2027. According to the latest Global Trade Outlook and Statistics report released by the World Trade Organization (W…
Tech: Trade’s Saviour In 2026? Read More »
“Following the start of attacks on Iran on 28 February, transits through the Strait of Hormuz have effectively stopped, severing Persian Gulf ports from global container services. As a result, around 130 container ships, totalling about 1.5% of t…
Container Shipping: Iran war amplifies outlook uncertainty Read More »
Shipping companies are entering a more complex and capital-intensive phase as decarbonisation regulations begin to translate emissions targets into direct operating costs and long-term investment pressure. This is according to a new global survey of se…