DisruptionOcean
Malaysia’s Tanjung Pelepas Port (PTP) paused terminal operations for several hours after it was hacked shortly before midnight on Wednesday. A spokesperson for AP Møller Maersk, which operates PTP in a joint-venture with Malaysian conglomerate MMC, confirmed the incident to The Loadstar, describing it as a “cybersecurity incident”. The spokesperson added: “PTP has confirmed that the affected systems have been restored and operations are progressively resuming. “Maersk remains in close coordination with ...
Houthi forces captured the Red Sea port city of Mocha after government-aligned National Resistance units withdrew, ending a decade of government control and pulling Iran-aligned forces to within roughly 50–75 kilometers of the Bab el-Mandeb Strait. Houthis reach Bab el-Mandeb after seizing Mocha port
Houthi forces have reached the Yemeni town of Dhubab, directly on the Bab el-Mandeb Strait, following their seizure of the strategic Red Sea port city of Mocha. How the fall of Mocha ties Bab el-Mandeb to the Hormuz crisis Two Yemeni government sources confirmed the advance to Dhubab on 11 September, according to Reuters. The […]
Houthi forces have seized Yemen’s port of Mocha as they advance on the Bab el Mandeb Strait posing a further threat to oil markets and global supply chains.
Shipping has always made money from risk. This week provided a particularly brutal demonstration of how quickly that risk can be repriced. The Strait of Hormuz dominated again, with the US-Iran conflict descending into an increasingly literal tanker-for-tanker war. Washington attacked Iranian tonnage, Tehran claimed strikes on merchant ships and this week registered the greatest …
DisruptionOcean
Maersk has issued a further update on the impact of the East Asia typhoon season on regional supply chains. The carrier said recurring severe weather is causing congestion at several of the region’s busiest ports. The disruption has also reduced the number of vessels arriving on schedule. Maersk advised customers to review their logistics arrangements […]
Yemen’s Houthis have seized the strategic Red Sea port city of Mokha, bringing the Iran-backed group to within around 80 km of the Bab al-Mandab Strait. The capture was confirmed by Houthi and Yemeni officials, with pro-government forces withdrawing south towards Dhubab. Mokha’s fall gives the Houthis greater control over Yemen’s western coastline and potentially …
Vessel transits at the Strait of Hormuz fell to seven on Thursday from 11 the previous day, preliminary ship-tracking data showed on Friday, well below the 10-day average of 15.
Maersk has introduced new emergency freight rates for container cargo affected by disruption around the Strait of Hormuz. The charges apply to cargo loading from or destined for ports in Iraq, Kuwait, Bahrain, Qatar and the United Arab Emirates. They also cover Dammam and Jubail in Saudi Arabia, as well as Oman, excluding Salalah. The […]
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
The world’s largest supplier of seafarers plans to temporarily prohibit Filipino crew from working in high-risk areas in the Middle East
UK Maritime Trade Operations reports that two more vessels have been attacked on the Omani side of the Strait of Hormuz, the latest in a series of str...
DisruptionMultimodal
Russia’s latest attack on commercial shipping killed and injured Azerbaijani citizens, prompting the country’s Ministry of Foreign Affairs to issue a...
DisruptionOcean
A naval drone strike on the Black Sea tourist town of Sochi resulted in as many as 30 injuries, according to Russian officials. Ukraine is the most pr...
Bluecore Energy is moving its floating nuclear power concept deeper into the development and regulatory phase, securing its first barge and beginning formal engagement with federal regulators as it works...
Iran-aligned Houthis seized control of Yemen's port city of Mocha on Thursday and advanced down the Red Sea coast to strategic islands, military sources said, hours after President Donald Trump said he expected the Iran war to end after the U.S. midterm elections.
Maersk will add Salalah, Oman, to the rotation of its AE15 service connecting Asia and Europe. The AE15 forms part of Maersk’s East-West network and the Gemini Cooperation. The revised port rotation will be: Qingdao – Kwangyang – Ningbo – Tanjung Pelepas – Jeddah – Suez Canal – Port Said – Damietta – Suez Canal […]
Iraq is holding a tender to hire two or more oil supertankers to perform transits through the Strait of Hormuz, the latest evidence that producers in the region are trying to take greater control of their exports through the chokepoint.
Iran-aligned Houthis seized control of Yemen's port city of Mocha on Thursday, military sources said, posing a further threat to global energy supplies hours after President Donald Trump said he expected the war to end after mid-term elections.
DisruptionMultimodal
It’s two years until the contract between United Parcel Service and its 330,000 unionized drivers and package handlers is due for renewal, normally a time when labor-employer relationships are less contentious. The Teamsters union is ready for war. In a series of self-produced Teamsters podcasts starting in mid-July, President Sean O’Brien put UPS (NYSE: UPS) […]
The ramping up of services operating through the Red Sea and Suez Canal has raised fears of congestion as shortened transit times will cause vessels to arrive together.
↑Transit time↓Effective fleet capacity↑Container spot rate↓Container equipment availability+3 more
Cargo owners want more details on why carriers feel confident that it is safe to send fully laden vessels through the Red Sea despite ongoing security risks, the Global Shippers Forum says.
The Port of Los Angeles posted a record summer with year-to-date volume up 1.5% as officials expect continued strength.
DisruptionMultimodal
Supply chain operatives active in the Middle East could find themselves exposed to new US sanctions against the Iranian aviation sector, with the threat of increasing delays in cargo processing also on the cards. Amid increasing its military activity against Iranian targets, the Trump administration yesterday issued 36 sanctions targeting not only Iranian aviation, but companies considered to be supporting it, with Turkish, Malaysian, and Emirati firms explicitly listed. US treasury secretary ...
Vessel transits via the Strait of Hormuz fell on Wednesday to seven from 12 the previous day, preliminary ship-tracking data showed on Thursday, with levels also below the 10-day average of 14.
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