DisruptionOcean
The Houthis on Wednesday claimed responsibility for another attack on a Saudi oil tanker, while UK Maritime Trade Operations (UKMTO) issued a fresh warning about a separate explosion near a...
The global shipping industry is urging the United Nations and the International Maritime Organization (IMO) to oppose any attempt to impose compulsory tolls or transit fees in the Strait of...
DisruptionOcean
In a joint high-seas operation, Portugal's Judicial Police (PJ) and the Portuguese Navy intercepted a Maersk boxship in the Atlantic and diverted it t...
An Indian-flagged cargo ship sank after a fiery attack in the Red Sea, as violence against Mideast shipping spreads across the region.
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
The Houthi rebels in Yemen asserted that they are expanding their blockade against Saudi tankers, reporting an attack on a vessel in the northern reac...
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and a joint announcement is being finalized, provided certain third parties did not interfere, Iran's Foreign Ministry spokesperson Esmaeil Baghaei said on Wednesday.
A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, in one of the biggest concessions yet to Iran.
Industry groups expressed concern as reports emerge that Iran and Oman are in talks on future shipping arrangements for the strait that would include tolls on vessel.
The number of container ships steaming from Asia to Europe round the Cape of Good Hope has fallen to the lowest level in more than two years, as Maersk Line and CMA CGM are sending more vessels through the Suez Canal. Despite the Houthis threatening to resume their attacks on ships moving through the Red […]
DisruptionOcean
A growing flotilla of Iranian oil tankers is gathering off the country’s coast, a sign the renewed US naval blockade is disrupting Tehran’s energy exports and depriving it of much-needed revenue.
Eight major shipping organisations have written to both the UN and IMO secretary generals, António Guterres and Arsenio Dominguez, in a bid to maintain freedom of navigation at sea.
The Yemen-based group continues to target ships that have called Saudi ports as part of a maritime blockade
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
An Indian-flagged cargo vessel sunk yesterday in a suspected Houthi attack in the southern Red Sea, adding another casualty to the growing list of merchant ships caught up in the conflict off Yemen. Upping their campaign against commercial shipping, the Houthis claimed today that they had also hit a Bahri tanker, The mechanised sailing vessel …
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
DisruptionOcean
All 14 crew on board the Indian-registered commercial vessel were rescued after it capsized following an attack
The U.S. government is on board with an Iranian proposal to split control of the Strait of Hormuz with Oman, and plans to portray it as a "temporary"...
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An Indian-flagged cargo vessel sank in the Red Sea on Monday after being struck by what appears to have been an explosives-laden boat off Yemen, marking another escalation in the...
DisruptionOcean
India's shipping ministry reports that an Indian-flagged vessel was hit and sunk in the southern Red Sea, the latest war-risk casualty off the coast o...
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A long-simmering dispute over the Netherlands government plans to cut social security benefits is heating up as the union FNV Havens declared a nation...
DisruptionMultimodal
SummaryView Transcript GEODIS Americas CEO Laura Ritchey reveals the stark reality of today’s “uneven” economy and its impact on supply chains. While some sectors thrive, others grapple with extreme ocean shipping delays, surging freight rates, and emerging challenges from data center infrastructure. Learn how companies navigate unprecedented backlogs and leverage new tech like AI for […]
DisruptionMultimodal
Oil production in Brazil reached a record high in June as rising supplies from producers a world away from the Middle East cushion disruption from the fallout of the war in Iran.
Record first-half container volumes at Port Houston and historic cargo tonnage at Corpus Christi suggest shippers and energy exporters are still moving freight despite an uncertain global trade environment.
A cargo ship transiting the Strait of Hormuz was struck by an unknown projectile late Monday, leaving one crew member missing and the ship disabled in the latest attack on...
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
The prospect of a deal between the US and Iran appeared to be gaining traction on Tuesday, after Qatar said a proposal had been drafted and American Treasury Secretary Scott Bessent sounded hopeful on an agreement to reopen the Strait of Hormuz.
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An influx of additional cargo volumes as carriers seek to avoid hostilities in the Persian Gulf has gridlocked Saudi Arabia’s port of Jeddah, a critical gateway on the Red Sea.
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