Global chokepoints and domestic corridors — what is moving, and where we can name it, what it costs.
China’s detention of Panama-flagged ships has fallen sharply following negotiations between Beijing and Panama City, bringing relief to owners caught in an extraordinary maritime dispute linking ship inspections to control of two Panama Canal terminals. Panama said Chinese ports detained 16 vessels flying its flag during July, down from 140 in May. Only 10% of …
After initial spike in charter rates from the Iran war lower volumes through Strait of Hormuz have been offset by new longer trade routes
Hapag-Lloyd has introduced a temporary surcharge for barge shipments to and from CY Hengelo and CY Almelo in the Netherlands following the closure of the Twente Canal. Alternative terminals and transport arrangements are being used to maintain services while the canal remains closed. The temporary surcharge amounts to €178 per container for each one-way trip. […]
Low summertime water levels are a routine problem for navigation on the River Rhine, especially in recent years, but the intense drought conditions af...
For months, industry analysts have noted that biofouling accumulation on vessels stuck in the Arabian Gulf would be a slow-down factor in restarting s...
The effects of the Houthi attack on Saudi energy infrastructure will continue on well into the next month, according to state oil company Saudi Aramco...
The Caspian Pipeline Consortium reported it has again suspended operations after what it called additional “terrorist attacks” overnight on July 30. T...
Italian shipbuilder Fincantieri says the United States remains a key strategic growth market as it expands its role in U.S. naval shipbuilding, alongside reporting record first-half earnings and a backlog...
By Lori Ann LaRocco – The unattributed drone attack on the Port of Damietta in Egypt is adding to fears that the war with Iran is spilling over into other...
DUBAI, July 30 (Reuters) – A drone strike on gas vessels in Egypt’s Mediterranean port of Damietta signaled a potential new front in the U.S.-Iran war, raising the prospect of threats to navigation through the...
A move by QatarEnergy to send an LNG carrier through the Strait of Hormuz is drawing wide attention and spurring speculation about future shipments. T...
Turkish authorities briefly suspended traffic in the business Dardanelles overnight as they worked to clear a bulker bound for Russia that had broken...
A new report from the U.S. Government Accountability Office (GAO) says weaknesses in the Transportation Worker Identification Credential (TWIC) program—including inconsistent communication, incomplete oversight, and delays in deploying biometric card...
This is getting very messy indeed – a drone of some sort yesterday hit an LNG tanker in the Egyptian port of Damietta, at the northern mouth of the Suez Canal and on the Mediterranean coast, potentially dragging the wider Middle East into the conflict surrounding Iran. Let’s try to unpick this a little. The US and Iran continue to trade air strikes across the Gulf, establishing Hormuz as the epicentre of ...
Transport operators are urging the introduction of road tolls across North Europe in an effort to dissuade motorists as congestion mounts on the back of low water levels along the Rhine, forcing evermore volumes into trucks. As reported by The Loadstar yesterday, container barge traffic has been almost to a halt amid the heatwaves the continent has seen – and there is little to suggest a break in the weather is ...
US sanctions two Iranian marine insurance companies accused of forcing ships transiting the Strait of Hormuz to buy IRGC-backed cover.
Global air cargo demand strengthened again last month, as Middle Eastern hub operations began recovering from the recent geopolitical disruption – although capacity growth continued to lag demand, reinforcing a tighter market and preserving pricing power for airlines. According to the latest IATA data, industry-wide cargo tonne km (CTK) rose 8.5% year on year in June, while international cargo traffic increased 9.6%. North American carriers led the growth overall, but the ...
Qatar has sent its first shipment of liquefied natural gas through the Strait of Hormuz since one of its tankers was attacked in the waterway more than three weeks ago.
London's marine insurance market has widened the area in the Red Sea it deems as ?high risk after attacks on ships by Yemen's Houthi movement but Egyptian waters were excluded, according to a July 29 advisory.
Oman’s Gulf-backed plan asks ships to pay for Hormuz passage voluntarily. The paradox: voluntariness makes the fee harder to refuse and harder to defend.
A floating storage and regasification unit and an LNG carrier have been hit in an apparent drone attack at Egypt’s Damietta terminal, potentially extending the Middle East’s rapidly widening maritime conflict into the Mediterranean. Maritime security firm Ambrey assessed that an unidentified drone struck the US-owned Energos Winter while it was alongside on Wednesday. The …
The United States has sanctioned two Iranian companies accused of operating an IRGC-backed “extortion scheme” that forces commercial ships to buy maritime insurance before transiting the Strait of Hormuz. The Treasury Department said Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority sell mandatory, Iranian-approved policies purporting to protect vessels from seizures and other …
Yemen’s Houthis are considering charging commercial ships to pass through Bab el-Mandeb, potentially transforming their campaign of missile and drone attacks into a revenue-generating system controlling access to the southern Red Sea. Regional officials told Reuters that the Iran-aligned movement is examining fees for most vessels using the strategic gateway linking the Red Sea and …
The fires on the Gaslog and Energos in the Egyptian Mediterranean would represent widening of the Middle East conflict if the attacks confirmed
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