A tanker has been struck by three unknown projectiles while transiting the Strait of Hormuz along the Omani side of the waterway, the latest attack on commercial shipping amid renewed US-Iran hostilities. UK Maritime Trade Operations said the incident occurred at around 20:00 UTC on Monday, approximately 17 nautical miles east of Khasab, Oman. The …
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
Iran continues to hit vessels in the Strait of Hormuz while another US interdiction looks likely in the Indian Ocean
A tanker has been struck by three unknown projectiles while transiting the Strait of Hormuz along the Omani side of the waterway, marking the latest attack on commercial shipping amid...
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
DisruptionRail
The congestion has affected both international and domestic intermodal shipments moving through the railroad’s Fairburn terminal southwest of Atlanta, sources say.
Iran continues to make multiple claims about stopping vessels transiting the Strait of Hormuz while insisting that the only passage possible is on the...
DisruptionMultimodal
U.S. President Donald Trump was quoted on Monday as promising to "hit them hard" after Iran launched missiles overnight at two U.S. air bases in Jordan in response to a U.S. attack on Iran's Larak island.
DisruptionMultimodal
Sources say there are growing instances of transshipment, rolled cargo and skipped calls in the wake of Saudel, while yard density at ports in north and east Asia is becoming another chokepoint.
US-Mexico freight volumes are skyrocketing, with one border crossing reportedly seeing a 1000% increase in daily truck movements. This unprecedented surge highlights the immense impact of nearshoring on the supply chain. We delve into the data behind this rapid growth and its implications for cross-border logistics between Texas and Mexico. Daily freight movements at the […]
A South Korean gas shipper sets a new auction record – but the total bill will be even higher.
Cheniere Energy has completed its major Stage 3 expansion at the Corpus Christi LNG terminal in Texas while marking another milestone for its U.S. Gulf Coast export business with the...
DisruptionOcean
Geopolitical shocks have emerged as the hardest challenge for shipping to plan around, according to the latest Readers Speak poll. When asked what creates the greatest difficulty for planning, readers overwhelmingly selected geopolitical shocks ahead of weather disruptions, port congestion and demand volatility. The result points to a clear concern: among the different forms of […]
In the first US attack mounted on Iran for about a month, US Central Command (CENTCOM) fired on IRGC positions on Larak Island late on August 30. The...
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
The Panama Canal has announced temporary changes to its Neopanamax Transit Reservation System, providing shipping companies with greater flexibility in securing transit slots. The new rules take effect on 30 August 2026 for booking dates beginning 13 September 2026. The Panama Canal Authority said the measures aim to improve access to available capacity while supporting […]
DisruptionOcean
Two merchant ships damaged in separate attacks around the Black Sea washed up on Turkey’s coast on Sunday. The Hong Kong-flagged chemical/products tanker Golden Sapling grounded at Geyikkoşan in Samsun province after drifting unmanned for several days. Turkish agency DHA reported the 19,455 dwt tanker had been damaged in a drone attack around 90 nautical …
DisruptionOcean
FESCo has redirected its FESCo Turkey Black Sea Service (FTBS) to St. Petersburg following the sinking of its vessel Yanina in a Ukrainian drone attack. The carrier no longer serves Novorossiysk as a result of the incident. The first sailing is already under way, operating from St. Petersburg to Ambarli and Izmit (Gebze) in Turkey. […]
The fragile lull in the Strait of Hormuz has shattered, with the US and Iran exchanging fire for the first time in more than a month just as a fresh series of attacks on merchant shipping threatens to close down hard-won transit routes. Iran’s Revolutionary Guard claimed on Monday that an unidentified tanker had struck …
Port congestion is doing container shipping an enormous favour, absorbing 2.3m teu of vessel capacity at precisely the moment the industry is preparing for a potentially brutal release of tonnage from both newbuildings and a return to the Suez Canal. New Sea-Intelligence data shows worsening delays have rendered 6.6% of the global containership fleet effectively …
↑Transit time↓Effective fleet capacity↑Container spot rate↓Container equipment availability+3 more
The Panama Canal has temporarily loosened parts of its booking system in an effort to make scarce transit capacity more flexible as deteriorating water conditions continue to squeeze one of the world’s most important maritime chokepoints. From booking dates beginning September 13, neopanamax customers will be allowed to secure more than one reservation for the …
Customers will be able to secure more than one booking slot on the same date, but transit and draught restrictions remain in place
Tensions are high the Strait of Hormuz as Iran continues hitting tankers and the US launches attacks for first time in over a month
By Florence Tan SINGAPORE, Aug 31 (Reuters) – The number of visible commodity vessels transiting the Strait of Hormuz dropped to five per day over the weekend,shipping data showed on Monday, as companies...
National Resistance Forces, fighting for the Internationally Recognized Government (IRG) in Yemen, destroyed a Tufan-1 unmanned attack boat at a Houth...
↑Transit time↑War-risk insurance premium↑Container spot rate↓Effective fleet capacity
The Panama Canal is temporarily relaxing key elements of its Neopanamax booking system, giving shipping companies more flexibility to secure transit slots as the waterway prepares for reduced capacity and...
The Panama Canal Authority announced a series of immediate adjustments to its booking system for Neopanamax vessels, which it says will ensure equitab...
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