Shipping

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Label-free delivery from $1.80, 500+ drop-off points: Second-hand commerce just became more viable

Delivery provider SPX Express’ new tie-up with Carousell is reducing friction for sellers and buyers in the marketplace

Iran has threatened to exercise control of the strait and recently established a regulatory agency to run operations there.

Even after a Strait of Hormuz deal, moving 1,500 ships won’t be easy

For now, some in the shipping industry are sceptical about the prospects of a deal to reopen the strait

Before ​the war began, shipping traffic through Hormuz averaged 125 ‌to ⁠140 daily passages.

Vessels carrying Middle East oil, LNG exit Hormuz amid US-Iran peace talks, head for Pakistan, China

They are among a handful of supertankers exiting the Gulf in May via a transit route that Iran has ordered ships to use

Teo Siong Seng, also known as SS Teo, is among seven executives from the four companies named in the US Department of Justice's statement.
BT EXPLAINS

Some things to know about Teo Siong Seng, the Singapore shipping veteran indicted in US over price collusion

[SINGAPORE] The US Department of Justice (DOJ) this week issued a statement accusing four of the world’s largest shipping container manufacturers of colluding to fix the prices of dry containers over ...

Singapore shipping veteran Teo Siong Seng is one of seven executives the US has accused of colluding to fix the prices of dry containers.

Singamas shares plunge after US DOJ allegations against CEO Teo Siong Seng

The firm has engaged external legal advisors, and business operations will remain normal in the meantime

Teo Siong Seng, chief executive of Singamas, was named as one of the individuals alleged to be involved in price fixing.

Singapore shipping veteran, SBF chair Teo Siong Seng and others accused by US of price fixing

The prices of standard shipping containers are said to have roughly doubled between 2019 and 2021, notes the US Department of Justice

The conflict has caused the worst-ever disruption to global energy supplies, blocking hundreds of tankers from leaving the Gulf.

Tankers exit Strait of Hormuz as Trump, Vance talk up Iran deal prospects

The US has been struggling to end the war it began with Israel nearly three months ago

Economic woes are deepening, with the strait’s closure sending energy prices soaring and growth forecasts tumbling.

Nato is starting to consider Strait of Hormuz mission to protect ships

Some countries, such as Spain, have been unequivocal in their opposition to the war

Higher marine fuel prices and slower container shipping speeds - known as 'slow steaming' - are some reasons why refueling has declined.

More ships arrive in Singapore as Iran war disrupts Middle East routes, but fewer refuelling here

Singapore is capturing some displaced bunkering demand, but it is not a simple one-for-one substitution for Gulf of Oman ports

SM Lee Hsien Loong (second from right) is shown a model of an automated container terminal during his tour of the Beibu Gulf International Port Group headquarters.

China’s Nanning ‘main gateway’ for ties with Asean; trade corridor opens faster route to Asia: SM Lee

The Pinglu Canal will span 134.2 km from Hengzhou, under the jurisdiction of Guangxi’s capital