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Hapag-Lloyd sees no current option for Hormuz passage

Germany's largest container shipping line, Hapag-Lloyd, currently sees no option to guide its commercial vessels through the Strait of Hormuz, where they are currently stuck in the Persian Gulf. There is currently no possibility of passage and the company is awaiting an opportunity, said chief executive officer Rolf Habben Jansen. He did not...

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Business

+400 percent air cargo, 55 billion Gulf market at risk: how Middle East tensions threaten fashion’s retail calendar

Escalating tensions involving Iran, Israel and the United States are beginning to ripple through the global fashion industry, raising concerns among retailers about delayed shipments, surging transport costs and potential stock shortages across the Middle East. Beyond temporary store closures, the real disruption is unfolding upstream — inside...

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