DisruptionMultimodal
Boston Scientific begins to restore shipping after cyberattack
The company is working through a backlog after the cyberattack hampered manufacturing, order processing and shipping.
/ 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.
Iran and US Hit Tankers in Biggest Wave of Attacks on Shipping Since War Began
Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war.
Is Arctic a new alternative for maritime trade?
As Hormuz and the Red Sea harden into chronic risk, China’s Arctic hedge collides with an inconvenient fact: Moscow still holds the only key.
Asia-Europe rates fall as carriers gradually return to Suez
Asia-Europe container rates are falling as carriers continue to adjust capacity and routing across major trade corridors. According to Sogese’s September Europe Container Market Update, the container market is becoming more fragmented. Freight rates, demand and available capacity are increasingly moving in different directions across individual trades. Sogese expects a gradual return of services through […]
Hormuz tanker war spirals
The maritime war around the Strait of Hormuz has escalated dramatically over the past 24 hours, with the US attacking five Iran-linked tankers and Tehran claiming to have subsequently targeted two US vessels, eight oil tankers and another 10 ships attempting to pass through the strait. US Central Command said it struck the five tankers …
Freightos Weekly Update: Mediterranean ocean rates pull even with Asia – EU, possibly from Red Sea transit bump
Tensions between Iran and the US continue to climb around the Strait of Hormuz, with Iran now announcing plans to impose a wider exclusion zone on areas near the strait. Fuel rates have trended up since the ceasefire collapse in July, but recent escalations as well as an increase in Chinese crude imports have pushed […]
DisruptionMultimodal
U.S. Forces Destroy Drug-Runners' "Floating Gas Station" Off Ecuador
On Tuesday, U.S. Southern Command carried out a coordinated strike to destroy a "floating refueling station" for drug-running boats in the Eastern Pac...
DisruptionOcean
Russia’s Arctic LNG 2 Files $1B Arbitration Claim for Canceled DSME Tankers
Disputes continue to mount related to the project for South Korean shipbuilders to build Russian LNG tankers supporting Russia’s Arctic LNG 2 project....
DisruptionOcean
US forces destroy five Iranian tankers
The tankers in the Gulf of Oman and near Kharg Island were targeted after Iran attempted to attack a US warship
DisruptionOcean
U.S. Hits Five More Iranian Tankers After Second Attack on U.S. Warship
In response to a second attempted Iranian missile strike on U.S. Navy warships on Monday, U.S. forces have hit another five Iran-linked tankers inside...
Houthi Forces Attack Saudi Aramco's Jazan Refinery
In back-to-back strikes on Monday and Tuesday, Yemen's Houthi rebels hit the Saudi refining complex at Jazan (Jizan) with drones and missiles, startin...
↑War-risk insurance premium↑Transit time↑Container spot rate↓Effective fleet capacity
DisruptionOcean
Gemini drops Shanghai from Asia shuttle service amid ongoing storm delays
That comes as ONE said the port would be temporarily omitted from 11 Premier Alliance US East Coast sailings through mid-October to maintain schedule reliability.
IRGC Captures U.S. Drone Sub in Strait of Hormuz
Iran's Islamic Revolutionary Guard Corps claims to have captured an American drone sub in the Strait of Hormuz, a repeat of the IRGC's previous effort...
DisruptionMultimodal
$604M CH Robinson Verdict Still Isn’t Final Yet
CH Robinson’s $604 million nuclear verdict still hasn’t been affirmed — and that delay matters. John Kingston breaks down where the Lipa v. Lupu Superior case stands, why the judge’s next move could reshape broker liability, and why big brokers think smaller competitors may take the harder hit. This is one of the most important […]
DisruptionMultimodal
Miami airport sees limited air cargo disruption after Amazon crash
FedEx, DHL Express flight operations at Miami International Airport are operating as normal after Sunday’s deadly crash, but reduced runway capacity may have a longer impact.
DisruptionMultimodal
MIA sees limited air cargo disruption after Amazon crash
FedEx, DHL Express flight operations at Miami International Airport are operating as normal after Sunday's deadly crash, but reduced runway capacity may have a longer impact.
Drinking water or warships? Panama Canal reverses ship restrictions
The Panama Canal won’t impose drought-spurred restrictions on the largest vessel transits after all.
↑Transit time↑Container spot rate↑Rail intermodal volume & dwell↑Truckload spot rate
Why Iran’s Hormuz exclusion zone changes the shipping risk calculus
Iran is preparing to draw a line at sea that no shipowner has seen before not around a vessel’s flag, and not around a fee, but around a stretch of ocean it shares, uneasily, with the US Navy.
Suez Canal Revival Gathers Pace as Hormuz Crisis Reroutes Ships
Suez Canal revenue rose 42% in July from the year earlier, as the Iran war’s effective closure of the Strait of Hormuz and Houthi threats in the southern Red Sea led more ships to use the Egyptian waterway.
DisruptionMultimodal
Fuel, congestion push trans-Pacific ocean rates near $9,500
Mideast tensions and operating issues are keeping container rates elevated on the trans-Pacific.
DisruptionOcean
Russia’s Arctic LNG 2 Seeks $1 Billion in Damages From South Korea’s Hanwha
Arctic LNG 2, a liquefied natural gas project led by Russia's Novatek NVTK.MM, is seeking about $1 billion in damages from South Korean shipbuilder Hanwha Ocean over canceled tanker construction contracts, according to a disclosure by Hanwha.
DisruptionOcean
Montevideo container terminal operations severely restricted amid indefinite strike
Operations at Terminal Cuenca del Plata (TCP) in the Port of Montevideo remain severely restricted following an indefinite strike by terminal workers, as negotiations over a new collective agreement continue. The industrial action began at 10:00 local time on 7 September, with the TCP-Nelsury workers’ union subsequently deciding to maintain the stoppage for an indefinite […]
DisruptionOcean
TT Club warns drought is reshaping inland freight risk
Low water on major rivers and canals is becoming a structural logistics risk, forcing cargo shifts and raising pressure across connected supply chains.
Hapag-Lloyd vessel makes Suez Canal transit
In a significant reversal of its Red Sea policy Hapag-Lloyd sent a service through the Suez Canal last week as global freight demand continues to rise
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