Strait of Hormuz Shipping Falls Sharply as Fewer Vessels Risk Key Energy Route
Strait of Hormuz Shipping Comes Under Pressure Shipping activity through the Strait of Hormuz has fallen sharply as heightened security...
Tag Archives: #GlobalTrade
Strait of Hormuz Crisis Drives Fuel Price Pressures Across Africa
Continental Leaders Seek Diplomatic Balance Ongoing maritime disruptions in the Strait of Hormuz generated severe economic impacts across African markets...
UAE Imposes Indefinite Trade Embargo on Iran Over Missile Concerns
Gulf State Halts Commercial Trade Relations The United Arab Emirates announced an indefinite trade embargo on Iran earlier today. Official...
Chinese Oil Shipping Giants Halt Tanker Operations Through Hormuz and Bab al-Mandab
Two major Chinese state-controlled shipping companies have stopped sending oil tankers through the Strait of Hormuz and the Bab al-Mandab,...
Vessel Hit by Unknown Projectile in Strait of Hormuz, Crew Member Injured
A vessel transiting the Strait of Hormuz was struck by an unknown projectile on Tuesday, August 18, causing damage to...
Maersk Raises Full-Year Outlook After Strong Second-Quarter Performance
Global shipping giant Maersk has raised its full-year 2026 financial outlook after reporting strong second-quarter results driven by growing cargo...
Lekki Port Boosts Global Trade with New MSC Weekly Shipping Service
Lekki Deep Sea Port has strengthened its position as a gateway for international trade with the launch of a new...
Lekki Port Welcomes HMM-ONE Shipping Alliance Service, Boosting Nigeria’s Trade Prospects
Lekki Port has welcomed the maiden call of the HMM-ONE shipping alliance service, marking a significant development for Nigeria’s maritime...
China-Africa Trade Reaches Record $196.6 Billion in First Half of 2026
Trade between China and Africa reached a record $196.6 billion during the first half of 2026, according to the Chinese...
US Proposes New Tariffs on 60 Economies Over Forced Labour Concerns
The United States Trade Representative (USTR) has proposed new tariffs on 60 economies over what it describes as failures to...