Gas and oil prices soar and shares tumble as crucial shipping lane threatened
Iranian official threatens to “set fire” to any ships passing through the Strait of Hormuz.
Tag: Shipping
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U.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to China
China is one of Nvidia’s largest markets, particularly for data centers, gaming and artificial intelligence applications. Avishek Das | Lightrocket | Getty Images Two Chinese nationals in California have been arrested and charged with the illegal shipment of tens of millions of dollars‘ worth of AI chips, including from Nvidia, the Department of Justice said…
Dozens missing after ferry carrying 65 people sinks off Indonesia’s Bali | Shipping News
BREAKINGBREAKING, National Search and Rescue Agency says rescuers searching for 43 people after vessel sank off resort island. Rescuers are searching for 43 people missing in rough seas overnight after a ferry carrying 65 people sank near Indonesia’s resort island of Bali. The KMP Tunu Pratama Jaya sank almost half an hour after leaving East…
Africa: From Villain to Vanguard – How the Shipping Industry Could Help Save Our Seas
Nice, France — Once cast as a culprit of ocean degradation, the global shipping industry is quietly reshaping its image–with experts now betting on it as a key ally in saving our seas. Transporting more than 80 percent of global trade and generating over USD 930 billion annually, shipping is often perceived as an invisible…
Africa: The Battle to Quiet the Sea – Can the Shipping Industry Turn Down the Volume?
The ocean has never been silent – waves crashing, seabirds calling, whales singing across vast distances. But in recent decades, a new kind of noise has taken hold: the relentless hum of ships. For many marine species, this growing wall of sound is more than a nuisance – it’s a threat to their survival. As…