How China captured the Gulf’s lost limestone trade
China managed to leverage the vacuum cased by Hormuz disruptions having replaced only about a third of the volume the Gulf lost.
/ Freight News
Freight movement, and what it costs you
Global chokepoints and domestic corridors — what is moving, and where we can name it, what it costs.
Africa’s Red Sea States Face Growing Risks as Houthi Expand Their Reach
The Houthi takeover of parts of the Red Sea gives the armed group a new platform to challenge global shipping. The group has taken over the port of Mo...
DisruptionMultimodal
Federal probe into diversion of F-35 parts to Hong Kong
U.S. lawmakers and the Pentagon are investigating how sensitive F-35 components bound from Australia to the United States for repair were diverted to Hong Kong and are now unaccounted for.
Iran Exploits Attack on Small Product Tanker to Assert Hormuz Control
The Islamic Revolutionary Guard Corps Navy continues its campaign of attacking vessels and exploiting the incidents to assert that it has total contro...
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
Port of Long Beach positions rail as key to future trade growth
Port of Long Beach CEO Dr Noel Hacegaba used the port’s Supply Chain Insight media briefing to make the strategic case for rail infrastructure as the central enabler of the port’s long-term ambition to double annual cargo volumes to 20 million containers by 2050, with the Pier B On-Dock Rail Support Facility identified as the […]
DisruptionOcean
Another Tanker Suffers Failure as Crew Suspect Cyber Attack
A liquefied natural gas tanker bringing fuel from the US to Europe suffered a systems failure that the crew reported as a suspected cyber attack, according to people familiar with the matter.
Three Tanker Attacks Hit Hormuz as Saudi Oil Is Forced Back Toward Strait
A new burst of attacks on commercial shipping in the Strait of Hormuz is hitting just as Saudi Arabia is being forced to send more oil back through the waterway...
DisruptionOcean
Global port congestion approaches 4 million TEUs as peak season extends
Global port congestion is approaching 4 million TEUs as strong container demand, weather disruption and tight vessel capacity continue to pressure major trade lanes, according to DHL Global Forwarding’s latest Ocean Freight Market Update. The logistics company said the global container market remains tight, with the Transpacific peak season continuing longer than expected while congestion […]
U.S. Sanctions Crypto Exchange Tied to Iran’s Hormuz Transit Payments
The United States has sanctioned an Iranian cryptocurrency exchange that Treasury says was used to move payments collected from ships transiting the Strait of Hormuz into Iran’s financial system. The...
DisruptionMultimodal
More Problems for Scotland’s Ferry Replacement Program
Scotland’s plan for the modernization and improvement of its vital ferries continues to encounter problems, with more reports of delays and cost overr...
DisruptionOcean
No post-peak relief for ocean freight as capacity tightens
The expected post-peak easing in ocean freight rates has failed to materialise, with resilient US import demand, weather disruption and carrier capacity cuts keeping the market under pressure. According to analysis presented during Cargo Trans’ latest FreightTea webinar, September US imports are expected to reach some 2.3m teu – approximately 10% above the same month last year. The strength of demand has extended this year’s peak season, despite expectations just weeks earlier ...
COSCO returns to Suez Canal as OOCL Portugal makes southbound transit
COSCO Shipping Lines has made its first southbound transit through the Suez Canal since the Red Sea and Bab el-Mandeb tensions disrupted shipping patterns, according to the Suez Canal Authority (SCA). The milestone came with the transit of the OOCL Portugal on 16 September. The vessel was sailing from Belgium to China as part of […]
Turn Services takes over St. John Fleeting
US inland marine operator Turn Services has completed its acquisition of St. John Fleeting and its affiliated companies, expanding its barge operations on the Lower Mississippi River. The deal gives Turn Services control of St. John’s fleet site at around Mile Marker 140 near Reserve, Louisiana, with capacity for as many as 300 barges. The …
More LNG Getting Through Hormuz as Producers Push for Transits
At least two liquefied natural gas shipments transited the Strait of Hormuz this week as producers look for ways to increase flows to a market struggling with a lack of supply and surging prices.
Iran claims fresh Hormuz tanker strike, Italy readies Red Sea escorts
Iran’s Revolutionary Guards said on Friday they had struck the Togo-flagged product tanker Trend after what Tehran described as an “illegal” attempt to transit Hormuz outside its approved passage system. The 7,119 dwt vessel was hit and stopped after a fire broke out onboard, according to the IRGC. The claims have not been independently verified. …
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
Trends in Iran's attacks on shipping and what to expect next
A podcast episode exploring how attacks on commercial shipping in the Strait of Hormuz have evolved during the war in Iran
Missing crew member from Hercules Star attack found dead
A second seafarer is confirmed to have died in the attack on a bunker tanker off UAE while another vessel is struck in Hormuz
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
US Sanctions Bitcoin Exchange for Handling Iran's Hormuz Transit Fees
The U.S. Treasury's Office of Foreign Asset Control has identified and sanctioned an Iranian bitcoin exchange linked to the "Hormuz Safe Marine Servic...
San Pedro Bay Ports propose incentive under zero-emission truck programme
The ports of Long Beach and Los Angeles have released draft guidelines for the proposed Zero-Emission Truck Rewards Incentive Programme, a three-year initiative offering qualifying zero-emission trucks incentives of US$ 60 per terminal visit and up to US$ 36,000 per vehicle annually. The programme forms part of rapid action by the two ports to execute […]
DisruptionMultimodal
Turkish Owner and Crew File War Crimes Complaint Over Ukrainian Ship Attack
A Turkish shipowner, along with the family of a crewmember who was killed in a Ukrainian attack and the surviving crewmembers, took the unusual step o...
DisruptionOcean
Drone Attack Kills Master, Injures Three Crewmembers in Black Sea
Overnight Wednesday, Russian and Ukrainian forces traded drone strikes against each others' shipping in the Black Sea. On one Ukraine-bound vessel, th...
DisruptionMultimodal
Mexico lifts empty-truck restriction after 700 tractors stranded at border
Mexican customs authorities reversed a border restriction on empty trucks entering Piedras Negras, Mexico, after the measure stranded hundreds of tractors in Eagle Pass, Texas.
Hapag-Lloyd introduces emergency surcharge for Jeddah–Aden cargo
Hapag-Lloyd will apply a Middle East Emergency Surcharge to Aden-bound cargo transported from Jeddah through an alternative feeder arrangement. The carrier introduced the solution due to the continuing security situation around the Bab el-Mandeb Strait. Affected cargo currently located in Jeddah will move to Aden using a third-party feeder service. Customers must arrange customs clearance […]
DisruptionOcean
Maersk delays Qilin service by one week
Maersk will delay its Qilin service schedule by one week following adverse weather and operational disruptions in the Shanghai region. The schedule adjustment will begin with the Sydney call of GSL Elizabeth. Sydney arrival moved to 26 September The vessel’s voyage reference will change from 635S/637N to 635S/638N. Its revised indicative arrival date in Sydney […]
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