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Supply Chains in Crisis: Page 11

India Condemns U.S. Strikes on Three Ships That Killed Sailors

Three foreign-flagged vessels carrying Indian crew have recently been attacked by the U.S. Navy.

Vessels anchored in the Strait of Hormuz, near Khasab, Oman, in May. Source: AFP/Getty Images

Oil Crunch Is Stoking Asia’s Demand for Coal, Shipping CEO Says

The effective closure of the Strait of Hormuz in early March has driven Asian buyers to look for alternative sources to replace disrupted Persian Gulf barrels.

Photo: iStock.com/Andrzej Rostek

Houthis to Impose ‘Complete Ban’ on Israeli Ships in Red Sea

While the Houthis’ statement doesn’t amount to a ban on commercial shipping in the Red Sea, maritime intelligence agency Vanguard Tech advised caution.

A ship transits the Suez Canal towards the Red Sea in 2024. Photographer: Sayed Hassan/Getty Images

Xeneta: Massive Freight Rate Increases Driven by War and Energy Crisis Fears

If shippers look to frontload imports, then carriers will look to push rates higher and higher, so the market may yet be far from its peak, warns the analyst.

Container ships and bulk carriers offshore from Singapore. Photographer: SeongJoon Cho/Bloomberg

Kuwait Bears Brunt of Iranian Response to U.S. Ship Attacks

Residents in Kuwait said they are increasingly concerned there will be more attacks.

Kuwait International Airport. Photo: iStock/mtcurado

First Oil Supertanker Moors at Kharg Island in Almost a Month

The blockade is depriving Tehran of petroleum revenue and the market of millions of barrels of supply.

Image: iStock/PeterHermesFurian

OECD Warns of Long-Lasting Global Economic Damage from Iran War

The OECD also pointed to inflationary pressures are rising in both advanced and emerging market economies.

Photo: iStock / stnazkul

IRGC Attacks MSC Containership in Gulf

The Islamic Revolutionary Guards Corps claimed responsibility for the attack, saying it acted in response to U.S. strikes on an Iranian vessel.

Photo: iStock/eyewave

Japan’s Takaichi Urges Passage of Vessels in Call With Iran

Japanese shipowners are typically conservative, and few Japan-linked vessels have passed through the Strait of Hormuz since Tehran effectively closed off the waterway.

Sanae Takaichi Photographer: Kiyoshi Ota/Bloomberg

Automakers Stockpile Cars Because of Iran War

Manufacturers are wary of getting caught flat-footed as they did during the COVID-era semiconductor shortage.

Photo: iStock/John_Lamb

Shortage of Caribbean Hot Sauce Peppers Looms

The temperamental little, yellow fruit with its susceptibility to heavy rain and viruses can be tough to grow at the best of times.

Scotch bonnet peppers. Photo: iStock/Jun Zhang

Strait of Hormuz Ship Transits Are Rising Thanks to U.S. Help

Some of the ships that have crossed belong to companies that hadn’t transited Hormuz since the war began.

A U.S. service member watches a ship transit the Arabian Sea. Source: U.S. Navy

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