Global container freight rates moved higher this week as export activity across Asia began recovering after the Lunar New Year slowdown. However, escalating tensions in the Middle East, particularly around the Strait of Hormuz are raising concerns that geopolitical risks could soon disrupt the fragile market rebound. Read also: Shipping Disruptions in Strait of Hormuz...Read More

Removing the UK’s tariff exemption for low-value imports could push up prices and harm small companies and trade, a leading business group has said, as it called for a phased-in approach to ending the “de minimis” rules. The UK government plans to end the tax break on imports of goods worth less than £135, making...Read More

Yeo Hiap Seng (Yeo’s) recently announced its FY2025 full-year financial results, reporting a -11% year-on-year decline in revenue to S$292.4m (US$230m) and a -15.5% year-on-year drop in gross profits to S$92.1m (US$72.4m). This was attributed to weaker consumer spending and intensified competition across many of its key markets, as well as an uncertain macro environment....Read More

Import of 2.80 lakh tonnes of refined diesel have been finalised 07 March, 2026, 03:20 pm Last modified: 07 March, 2026, 06:01 pm Representational image. Photo: Reuters “> Representational image. Photo: Reuters Amid the Iran war, the Bangladesh Petroleum Corporation (BPC) has finalised the import of 2.80 lakh tonnes of diesel, with some already arriving,...Read More

The Egyptian Ethylene and Derivatives Company (Ethydco) achieved export growth of 5.4%, with dollar sales reaching $211.8m, as the company expands its presence in Latin American, African, European, and Turkish markets, Chairperson Hesham Riad said during the company’s General Assembly. Petroleum and Mineral Resources Minister Karim Badawi told the assembly that Ethydco’s products represent a...Read More

The U.S. Department of Commerce will start annual administrative reviews of existing antidumping and countervailing duty measures on key wood imports on March 9, 2026, and it plans to issue final results by January 31, 2027, the department said in a notice. The reviews cover Canadian softwood lumber under the antidumping order A-122-857 and the...Read More

U.S. Eyes Kharg Island — The Core of Iran’s Oil Export Network A senior US official vowed to take control of Iran’s oil on Friday as the devastating regional conflict triggered by the US-Israeli war on Iran neared its second week. “What we want to do is to get such massive oil reserves in Iran...Read More

The escalating conflict around the Strait of Hormuz has forced India to aggressively reroute its crude oil supply chains, securing additional supplies from the United States, Russia, and West Africa to ensure uninterrupted fuel imports. Industry officials confirmed that refineries have put planned maintenance on hold and are operating at normal processing rates, actively building...Read More

Chennai: Emergency Conflict Surcharges on shipments to the Middle East and Africa have increased freight costs by around 250 per cent, even on cargo that has already been billed. Exports to the Middle East have been severely affected since February 28, though exporters hope that some ships will begin sailing this week via an alternative...Read More

Union petroleum minister Hardeep Singh Puri has assured that oil imports to India are continuing smoothly through alternative routes as the Middle East conflict enters its second week and concerns are growing over the country’s energy supplies. The minister, on social media platform X, confirmed that inflows are “full flow from all non-Hormuz routes” and...Read More