New return: Another container line is back in the Red Sea
Delayed tariffs sparked unexpected summer demand as another global liner made its return to the Red Sea.
Delayed tariffs sparked unexpected summer demand as another global liner made its return to the Red Sea.
Ocean container rates are on the rise, Freightos says, as carriers bet dollars to [terrorist] drones they can safely return to the Red Sea.
Iran is tightly managing vessel traffic through the Strait of Hormuz, but says a deal with Oman to re-open the crude oil chokepoint could be near.
U.S. forces disabled an unladen oil tanker in the Arabian Gulf that was attempting to sail toward Iran in violation of a naval blockade.
An unidentified cargo vessel was the target of a suspected attack off Oman just as global shipping restarts transits through the Strait of Hormuz.
The Port of Long Beach saw record-high cargo growth in May despite economic and geopolitical uncertainty.
A potential breakthrough in the Middle East could soon ease major headaches for truckers, shippers, and manufacturers worldwide. On Friday, U.S. and Iranian leaders are set to formally sign a 14-point memorandum of understanding (MOU) in Switzerland. This interim deal aims to end recent fighting, reopen the Strait of Hormuz, and start 60 days of […]
The war with Iran moved diesel up nearly 50 percent in five weeks and analysts are modeling $6 and higher if the Strait of Hormuz stays disrupted into summer. Carriers are repricing surcharges, shippers are absorbing new fees and everyone is looking for relief. The biggest lever most fleets have on their fuel budget is not an aerodynamics package or a new engine spec. It is the driver.
Decades of underinvestment have left the Gulf region with few alternatives to the Strait of Hormuz, an analyst says.
The threat of a drone attack on California by Iran that prompted a warning by the FBI was ‘not credible,’ according to a Los Angeles port executive.
Diesel prices have spiked to $5.96 per gallon in premium markets as escalating Middle East tensions collide with America’s crumbling refinery base. The surge comes at a critical inflection point for trucking, with tender rejection rates climbing and capacity tightening after a brutal four-year freight recession, raising questions about whether the industry can capitalize on the recovery when fuel costs threaten to erase margin gains.
America sits on more oil than it can refine. While the Strait of Hormuz burns, the real chokepoint is between the wellhead and the truck stop.
Leading container carrier suspends all worldwide bookings to Middle East destinations.
A U.S.-flag bulk tanker was hit by projectiles at the Port of Bahrain, the first American merchant ship to come under attack in the Iran war.
The largest container vessel lines shifted operations as Iran attacked Persian Gulf ports and tanker vessels in the Strait of Hormuz.
Businesses are bracing for higher air cargo rates and shipping delays as airlines ground aircraft and avoid Middle East airspace as the U.S. and Israel battle Iran.
Houthi rebels in Yemen warned they will resume drone and missile attacks on Red Sea shipping after Israel and the United States launched attacks on Iran.
A chilling video by Yemen’s Houthi militia seemed to threaten more violence against Red Sea shipping if the U.S. attacks Iran.
Maersk is returning to the Red Sea for the first time since Houthi rebels began attacking shipping in 2023.
Iran protests could signal a positive change for shipping as Maersk makes another successful voyage on the contested Red Sea-Suez Canal shipping route.