Shipping

Massive explosion at Iran’s Bandar Abbas port kills several, injures hundreds

A massive explosion and fire ripped through Iran’s largest commercial port, Shahid Rajaee in Bandar Abbas, on Saturday, leaving at least eight people dead and over 700 injured.

Pakistan-Bangladesh direct shipping route cuts transit times by 50% boosting regional trade

The introduction of a direct maritime link between Pakistan and Bangladesh has already made waves in regional trade, with more than 1,000 containers shipped since its launch in October 2024
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UAE to leave OPEC on May 1 in blow to oil cartel amid oil market turmoil

United Arab Emirates will withdraw from Organization of the Petroleum Exporting Countries (OPEC) on May 1, 2026
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