DisruptionMultimodal
Ukraine Attacks Iranian Arms Shipments on the Caspian Sea
Details of Ukraine’s attack on shipping in the Caspian Sea over the weekend are still not clear. However, the Iranian reaction suggests that the attac...
/ Freight News
Freight movement, and what it costs you
Global chokepoints and domestic corridors — what is moving, and where we can name it, what it costs.
DisruptionOcean
Golden Leo sinks after deadly Russian missile strike
Attacks on ships and port infrastructure in the Black Sea continue as general cargo ship succumbs to damage sustained a week ago.
DisruptionMultimodal
DSV loves RFD: Logistics provider and airport hook up over air cargo
Logistics powerhouse DSV has launched its third direct air charter service to Chicago-Rockford airport, taking advantage of its proximity to the big city while avoiding delays at crowded O’Hare airport.
ClosureOcean
US disables vessels in renewed blockade as 26th Iran tanker reaches Asia
Even as the US again enforces its blockade of Iran ports a fleet of the country’s tankers wait off Malaysia to transfer 45 million barrels of crude exports
DisruptionOcean
Video: Merchant Vessel Sinks After Multiple Russian Cruise Missile Hits
A small cargo ship that was badly damaged in a Russian strike off Odesa has gone down, according to Ukrainian authorities. The small vessel had absorb...
Tanker rates set to soar on Houthi attack fears in Red Sea
Attacks on Saudi tankers and refineries by Yemen based Houthi could see owners avoiding Bab el-Mandeb Strait
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
DisruptionMultimodal
Two Missing in Russian Attack on Freighter on the Danube
On Saturday, a Turkish-operated freighter was hit by Russian drones on the northern branch of the Danube, leaving two crewmembers missing. It is the l...
Video: U.S. Marines Board Tanker Linked to Houthi Rebels
On Saturday, U.S. forces intercepted the falsely-flagged product tanker Charminar for a flag verification boarding, part of the new U.S. effort to sup...
As Diplomacy Picks Up, Iran Claims Mine Strike on Ship in Strait of Hormuz
On Sunday, Iranian state media claimed that a "violating" oil tanker hit a mine in the Strait of Hormuz while navigating outside of the Iranian transi...
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
U.S. Forces Strike Another Iran-Linked Tanker in Strait of Hormuz
On Friday, U.S. forces opened fire on a merchant vessel that was attempting to maneuver past the American blockade on Iranian seaports, according to U...
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
Houthi Rebels Claim Missile Strike on Giant Saudi Refinery at Jazan
Yemen's Houthi rebels claim to have attacked the port city of Jazan, Saudi Arabia with ballistic missiles. Saudi authorities have not confirmed the st...
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
Record container volumes for Port of Houston in H1
Container throughput up 3% at the US energy gateway port that has plans for a new box terminal
CMA CGM seeks Suez return for India-USEC lane amid renewed Middle East tensions
The service had switched over to the Suez route in January before halting in early March when the Middle East war broke out.
Maersk adds $1,000 per container charge for Hormuz transits
Response to Houthi Red Sea pressure unclear as Middle East logistics faces further restrictions.
Panama Canal sees increase in transits as El Niño impact looms
The canal that connects the Pacific and Atlantic oceans has been operating at close to capacity with an average of 35 transits daily
DP World seeks to bypass Hormuz with new Fujairah terminals
The Dubai-headquartered company is to develop new container and general cargo terminals on the UAE’s East Coast
Saudi tanker on fire after Houthi strike in Red Sea
The Yemen based group follows through on a blockade of Saudi ports claiming to have struck two tankers in the Red Sea
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
US importers feel peak season capacity pinch to East Coast
Asia-East Coast spot rates remain elevated with capacity limitations on the trade lane and a second round of restrictions on Panama Canal transits.
Abu Dhabi bets on gas growth despite Hormuz blockade
The $6.2bn Umm Shaif development will add over 600m scfd as Gulf producers face damaged infrastructure and curtailed LNG shipping.
↑War-risk insurance premium↑Tanker earnings↑Crude oil price↑LNG price+2 more
DisruptionMultimodal
Seafarers cannot remain the shock absorbers of geopolitical risk
Ship’s crew often feel forgotten in public discussions around freight rates, insurance premiums and disruption to trade
DisruptionOcean
Ukraine and Russia strike multiple ships in the Black Sea
Vessel routes are now hugging coastal areas in an effort to avoid drone attacks, Russian ships to the east and Ukrainian vessels to the west as the war on trade continues
Tankers reverse course in Red Sea after loading in Saudi
Following Houthi threats to ships calling in Saudi some vessels have changed course in the Red Sea
Ocean carriers levy fees tied to Panama Canal draft limits
The new surcharge arrives as the Panama Canal Authority (ACP) will limit neo-Panamax vessels to a 49-foot depth starting this Friday.
Arctic service offers speedy China-Europe transits
The seasonal service offers approximately two-week faster transit than traditional east-west routes that now generally sail around the Cape of Good Hope due to Red Sea diversions.
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