Global chokepoints and domestic corridors — what is moving, and where we can name it, what it costs.
Iran has rejected Oman’s proposal for a new management system for the Strait of Hormuz. The decision reduces hopes for a quick diplomatic breakthrough. Oman presented the proposal to Iranian officials over the weekend. Gulf states reportedly support the plan. The proposal would create a joint regional management system for the strait. It would replace […]
Yemen's Houthi group is considering imposing fees on commercial ships sailing through the southern Red Sea, a week after declaring a naval blockade on Saudi Arabia, regional sources with knowledge of the matter told Reuters.
The Strait of Hormuz is a key factor in the dry bulk outlook but the future looks broadly positive for owners over the next 18 months.
Abu Dhabi National Oil Co. is pushing on with liquefied natural gas exports from its Persian Gulf plant, even as renewed hostilities in the region force producers to curb visible traffic through the Strait of Hormuz.
Hapag-Lloyd has reopened bookings to and from Upper Gulf destinations, using inland transport and third-party feeder services that avoid the Strait of Hormuz. The revised routing covers cargo moving to Kuwait, Saudi Arabia, Iraq, Qatar, Bahrain and the United Arab Emirates. Cargo bound for the UAE will be transshipped via Fujairah or Khorfakkan before reaching […]
Iran and the United States have resumed attacks, ending a lull and injecting fresh uncertainty into shipping through the Strait of Hormuz. US Central Command said Iran launched multiple ballistic missiles in a surprise attack on American forces on Tuesday, with all projectiles intercepted. Jordan said its air defences destroyed five Iranian missiles. US and …
Tuesday saw Yemen’s Houthis target a fourth Saudi-linked tanker since declaring a blockade of the kingdom’s ports, maintaining pressure on the Red Sea oil route despite a partial recovery in traffic through Bab el-Mandeb. The group said it fired ballistic missiles at the 49,990 dwt chemical and products tanker NCC Ghazal for ignoring warnings and …
Tanker master reports hearing an explosion while transiting Red Sea
Faced with a serious threat from Ukraine's "middle strike" drone campaign in the Sea of Azov, Russian transport authorities are considering taking a p...
Iran has rejected the latest Omani proposal to share control of the Strait of Hormuz, according to the Wall Street Journal and a top Iranian official....
The Iran-backed Houthis claimed Tuesday they attacked a fourth Saudi-linked tanker since announcing a maritime blockade on Saudi ports, underscoring the escalating threat to commercial shipping in the Red Sea....
Yemen's Houthi rebels have attacked another Saudi tanker in the Red Sea, a prominent maritime security analyst confirms. Martin Kelly of EOS Risk Grou...
Iran says nothing has changed at Hormuz. The map says otherwise and the route shipping built to avoid the problem has just been brought inside it. For eleven weeks, the southern corridor hugging the Omani coast was commercial shipping’s answer to the Strait of Hormuz.
Typhoon Noul hit Hong Kong and Shenzhen as key ports in eastern China continue to experience extensive delays and congestion more than two weeks after Typhoon Bavi moved through that region.
Saudia Cargo and Riyadh Cargo have signed an interline agreement with the goal of offering freight forwarders and logistics partners broader network access, enhanced routing options, and improved cargo connectivity and flexibility across key international trade corridors. The agreement, which follows Saudia Cargo’s launch of a scheduled route between Riyadh in Saudi Arabia and Melbourne…
Yemen's Houthi Movement aims to replicate Iran's Hormuz Strait strategy in the Red Sea by disrupting shipping in the Bab el-Mandeb and has been emboldened by an insufficient international response, Yemen's top diplomat said on Monday.
The company said it does not expect the Fairlife disruption to have a material impact on financial performance or operations.
Oman has presented Iran with a plan backed by Gulf states to manage the Strait of Hormuz, including collecting voluntary fees for using it, a Gulf source and a Western diplomat told Reuters on Tuesday.
The closure of a shipping lane no longer begins with a missile. It begins with an underwriter. Across the Strait of Hormuz, the Red Sea and the Black Sea, the same sequence now repeats: reinsurers and protection-and-indemnity clubs withdraw cover, and within roughly 72 hours a corridor is commercially shut long before military assessment or […]
The Houthis’ blockade on Saudi Arabia has not discouraged shipping lines from sending their vessels through the Bab-el-Mandeb Strait, delivering containers to Jeddah and other Red Sea ports. Linerlytica noted that several carriers, including Maersk, CMA CGM and Wan Hai, were sticking to their renewed Suez transits. The consultant has tracked 54 containership transits through the Bab-el-Mandeb strait in the past seven days, with no change to vessel schedules. It added: “The pause ...
Massive wildfires in south-west France are impacting rail and road freight traffic. All rail traffic going between Bordeaux and Bayonne and Spain, via the Atlantic coast, has been suspended. DB Cargo France president and CEO Alexandre Gallo told The Loadstar this meant five trains a day being cancelled since the wildfires broke out last week. Mr Gallo said the company had been informed that traffic on the rail line will not resume before ...
Kyiv’s reported weekend attack on an Iranian vessel accused of carrying military cargo to Russia has removed another basin shipowners assumed was untouchable — and hardwired the Ukraine and Middle East theatres together in a way war risk underwriters are not structured to price. Until the weekend, the Caspian was the quiet leg. Landlocked, closed …
Shipping needs to stop treating risk as a collection of separate problems and start examining how geopolitical, operational, financial and human factors interact, according to Arthur English, chief executive officer of G2 Ocean. English, who joins the dry bulk panel at September’s Splash Singapore conference, says industry discussions often isolate the Panama Canal, the Strait …
Clarksons' figures show Iran’s grip squeezing Middle East chokepoints as nations seek Hormuz workarounds.
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