DisruptionOcean
The prospect of a widespread indefinite strike across Germany’s port network grew this week after member of the United Services Union (ver.di) voted to reject the latest employment offer from the Central Association of German Seaport Operators (ZDS). Ver.di said 5,500 workers voted on the employers’ most recent proposal, which came in the fourth round of negotiations between the two, with just under 65% of members rejecting the offer. ZDS’s latest offer ...
DisruptionOcean
South Korea is putting fresh financial muscle behind its Arctic shipping drive, with the Korea Ocean Business Corporation launching a KRW120bn ($87m) annual investment programme for icebreakers and ice-class commercial ships. The programme is open to Korean owners acquiring either newbuildings or secondhand tonnage for Northern Sea Route trades, with no restriction on ship type. …
Examining the growing shuttle tanker trade through the Strait of Hormuz and ship-to-ship transfers in the Gulf of Oman
DisruptionOcean
The container shipping peak season remains pronounced with both rates and congestion continuing to climb says DHL Global Forwarding
?To date, IMO has verified 80 attacks on merchant vessels in the and around the Strait of Hormuz, resulting in at least 22 deaths of seafarers.The Sec...
DisruptionOcean
The contentious negotiations for a new contract for up to 11,000 port workers at Germany’s main seaports have again broken down, with the union, ver.d...
Container carriers are accelerating their return to the Suez Canal, with COSCO’s OOCL Portugal making a milestone transit even as Houthi advances around Bab el-Mandeb raise fresh security concerns.
Orient Overseas Container Line (OOCL) joined the growing number of container lines returning to the Suez Canal, sending its first ultra-large vessel t...
Iranian forces hit a "U.S.-contracted" vessel near the Strait of Hormuz this week, according to Fox News correspondent Trey Yingst. According to two s...
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
Several different developments taking place in recent days indicate that diplomacy and negotiation are not going to bring warfare in the Gulf to an en...
Saudi Arabia is ramping up prompt sales of crude from outside the Strait of Hormuz following the shutdown of the kingdom’s East-West pipeline, which halted cross-country flows to its Red Sea coast.
A U.S.-contracted vessel carrying American personnel was struck in an Iranian drone and missile attack near the Strait of Hormuz earlier this week, Fox News reported Wednesday, citing two sources...
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
DisruptionRail
Growing delays for rail-bound boxes reflect continuing pressure on intermodal capacity.
Georgia’s Port of Savannah posted solid cargo gains despite typhoons, Panama Canal woes.
Red Sea and Hormuz disruptions have handed container carriers a rare run of pricing power but the mechanism doing the work is one carriers do not control, and it is already reversing.
DisruptionOcean
Baltic Exchange VLCC rates from the Arabian Gulf to China have climbed above $1m a day as Middle East oil disruption tightens tanker supply.
Vessel transits through the Strait of Hormuz remained in the single digits at four on Tuesday, down from seven a day earlier, preliminary shipping data showed on Wednesday, falling well short of the 10-day average of 18.
DisruptionMultimodal
Shippers are demanding far more from their logistics providers as disruption and supply chain complexity increase – but that does not necessarily mean they are ready to make the leap from 3PL to 4PL. The latest annual Third-Party Logistics Study paints a contradictory picture of the shipper-3PL relationship: 88% of shippers describe their relationships with logistics providers as successful, yet half are consolidating the number of 3PLs they use. And expectations ...
As Iran tightens its Hormuz tollbooth and container lines rush back to Suez, the region is not swapping one corridor for another. It is splitting its trade by cargo type and quietly building a third option that neither ship can use.
The Port of Savannah handled 529,523 TEUs in August, with loaded exports rising 4.2% compared with the same month last year. Overall container volumes were broadly stable, declining by less than 1% year on year. Loaded imports increased 1.5% to 265,859 TEUs, while loaded exports reached 117,242 TEUs. Asia weather and Panama Canal affect volumes […]
The Houthis – previously in control of the elevated area miles from the Red Sea – recently seized a strategic port and island directly on the Bab el-Mandeb Strait chokepoint. This advance, together with last week’s attack on a key Saudi pipeline, marks yet another escalation in Iran-backed steps to threaten energy markets. Some experts […]
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
Seven months into the crisis that has strangled shipping through the Strait of Hormuz, the most telling signal is coming from a ports operator’s balance sheet.
On Monday morning, three containers fell off the side of a boxship at the Port of Los Angeles, prompting a coordinated response from the Coast Guard...
DisruptionMultimodal
FMCSA's emergency-removal action reached training providers in 20 states, led by Texas, Pennsylvania, California, Florida and Utah.
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