DisruptionAir
Would you believe it: the regulator has confirmed that post-crisis investor protections never applied to a fast-growing securitization market financing the biggest driver of air cargo growth. Just as moratoriums multiply and 50-plus projects are canceled. The Securities and Exchange Commission (SEC) has confirmed that a set of post-2008 financial crisis safeguards do not apply to data center securitizations, a clarification that will make it cheaper and faster for operators to ...
Four seafarers and two Yemeni personnel were killed in an attack on Tihamah blamed on the Houthis by Yemen’s government.
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
President Donald Trump claimed the US had “total control over the Hormuz Strait,” as Washington and Tehran hardened their positions in deadlocked negotiations over the critical waterway.
The death toll from a Houthi attack on the cargo ship Tihamah in the Bab el-Mandeb Strait has risen to six, including four crew members and two Yemeni rescuers, according to Yemeni authorities. The Egyptian-owned vessel was attacked on 11 August while at anchor northeast of Yemen’s Perim Island, according to British maritime security company […]
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
DisruptionOcean
US forces struck the Panama-flagged containership Vela Nova in the Gulf of Oman after the vessel allegedly attempted to breach the US blockade against Iran, according to US Central Command (CENTCOM). CENTCOM said a US Navy MH-60 helicopter fired two Hellfire missiles into the vessel’s engine room after its civilian crew ignored repeated warnings from […]
Commercial shipping came under fire at both ends of the Middle East’s most disrupted maritime corridor on Tuesday, with US forces disabling a containership in the Gulf of Oman while a separate attack in the Bab el-Mandeb left six people dead. US Central Command confirmed that a Navy MH-60 helicopter fired two Hellfire missiles at …
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
The Port of Long Beach has unanimously approved three new clean air strategies in coordination with the South Coast Air Quality Management District and the Port of Los Angeles, advancing the shared goal of zero-emissions goods movement at the nation’s largest port complex. The measures, approved as an addendum to the Cooperative Agreement adopted last […]
Steven Neal has assumed the presidency of the Long Beach Board of Harbor Commissioners, launching his one-year term with a commitment to advancing the Port of Long Beach’s infrastructure, sustainability and innovation initiatives as it builds toward its Port of the Future vision. At his first meeting as Board President, Neal pledged to work with […]
The war of words over the Strait of Hormuz continued Tuesday, with both sides attempting to control market perceptions of the state of play in the wat...
DisruptionOcean
In conjunction with SMIT Salvage, the staff of the Damietta Port Authority have completed a delicate operation to refloat the LNG FSRU Energos Winter...
DisruptionOcean
Typhoon Dolphin, the strongest to strike China so far this year, also disrupted coastal and inland supply chains after torrential rain caused extensive flooding in a broad swathe of the country.
By Lucia Kassai and Ruth Liao (Bloomberg) — A container ship paid $4 million to cut the line at the Panama Canal, where wait times are stretching more than a week,...
DisruptionOcean
U.S. Central Command has confirmed that American forces fired two Hellfire missiles at the Panama-flagged containership Vela Nova in the Gulf of Oman on Tuesday, disabling the vessel after it allegedly ignored...
China’s Ministry of National Defense reported on August 11 that it will continue its escort mission in the Gulf of Aden and Somali waters. It said pre...
The deaths of three seamen off Yemen could dramatically change the risk assessment of carriers and delay moves that have been steadily routing more services through the Bab el-Mandab Strait.
↑Transit time↓Effective fleet capacity↑Container spot rate↓Container equipment availability+3 more
DisruptionMultimodal
A small cargo ship linked to the government of Yemen was struck, possibly in multiple attacks by the Houthis, on August 11. The ship had departed the...
Four crew members were killed in an attack by Iran-backed Houthis on a small cargo ship in the Bab el-Mandeb strait on Tuesday, Yemen's transport ministry said, while sources reported a missile attack on a container ship off Pakistan in a suspected U.S. strike.
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
Pakistan said on Tuesday the United States and Iran were close to "some sort" of deal, and fellow mediator Qatar said talks on managing the Strait of Hormuz were at an advanced stage, despite reports of new attacks on shipping in regional waters.
DisruptionMultimodal
Unconfirmed reports indicate that U.S. forces fired upon a small containership on Tuesday morning, August 10, as it was approaching the blockade line...
DisruptionOcean
Maersk has introduced restrictions on in-transit cargo destined for Zanzibar following persistent delays at the port. The carrier previously suspended bookings into Zanzibar temporarily. According to Maersk, the ongoing delays have created challenges for scheduled operations and service commitments. New cargo restrictions Under the new restriction, Maersk will not permit Zanzibar-bound in-transit cargo under imports […]
DisruptionOcean
Port congestion and longer voyages due to geopolitical disruption have reduced the amount of tonnage available to meet bullish demand expectations.
DisruptionOcean
A series of typhoons has caused delays at Chinese terminals with Linerlytica reporting that the backlog has caused a shortage of capacity on the European trades
Bookings are back on for Cosco Red Sea services, the Chinese carrier set to operate a Far East-Red Sea rotation that will see vessels cross the Bab el-Mandeb Strait, despite Iran-backed Yemeni rebel group the Houthis attacking ships in the strait. The decision by Cosco to commence Red Sea sailings continues what Vespucci Maritime CEO Lars Jensen described as “the slow normalisation of the Suez-route”, on the back of CMA CGM, ...
A small cargo ship was attacked in the Bab el-Mandeb Strait on Tuesday, 11 August, with three crew members reportedly killed in the incident. The Tanzania-flagged Tihamah was targeted while sailing from Salalah, Oman, via Djibouti, according to Yemeni coast guard sources and government military officials cited by Reuters. The Yemeni sources attributed the attack […]
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
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