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Global Gateways: Page 12

Iran Doubles Down on Fight for Control over Strait of Hormuz
Khamenei stressed that Iran has no intention of relinquishing control of the Strait of Hormuz, and that the country plans to implement new legal frameworks for managing the waterway.
An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69
Tariffs Drive Chaotic Year for Imports at U.S. Ports in 2025
"2025 will surely be remembered as the year U.S. tariffs rewrote the global trade playbook," Descartes said in its Top 30 U.S. Ports report released on April 28.
A variety of ships including a large bulk carrier and liquid tanker ships along the Houston Ship Channel about four miles from downtown Houston, Texas. Photo: iStock/Art Wager
ONE Reports 92% Dip in 2025 Profits
ONE took in $338 million in full-year net profits for the fiscal year, down from $4.24 billion the previous year.
A methanol-fueled ship. Image: Ocean Network Express Pte. Ltd. (ONE)
Iranian Ports Could Be Blockaded for ‘Months,’ Says Trump
The economist Paul Krugman, a former New York Times columnist, said he believed most analysts had been “far too sanguine” about the effects of a prolonged Hormuz crisis.
Photo: Bloomberg
Hormuz Disruptions Trigger Billions of Dollars in Oil Trading Disputes
The increasingly widespread issues are adding to headaches for producers and traders already grappling with the biggest oil supply shock in history.
Photo: Bloomberg
Trump Admin Announces $774M in Funding for U.S. Port Infrastructure
The initiative will include projects to expand rail tunnels, upgrade screening technology for national security, and add new cargo terminals.
Photo: iStock / Edgar Feliz
Japanese Crude Supertanker Manages Hormuz Exit in War First
The Idemitsu Maru began sailing late on April 27 toward the strait from northwest of Abu Dhabi, where it had been sitting idle for more than a week.
An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69
Mideast Urea Output Slumps with Lack of Fertilizer Ships to Load
Since the Iran war began at the end of February, only 11 ships laden with fertilizer have transited the Strait of Hormuz.
Photo: iStock / Elena Perova
Threat of Pirate Attacks Grows Off Somali Coast
The UKMTO has raised the threat level off the coast of Somalia to "substantial," meaning that attacks on ships in the area are a "strong possibility."
Photo: iStock / Vidas Pocius
Dual Hormuz Blockade Cuts Ship Transits to Near Zero
Oil is trading above $100 a barrel after efforts to resume peace talks stalled, leaving Hormuz almost impassable.
Photo: iStock / Dimitrios Karamitros
India Mulls Options on Iran Port Stake Before Sanctions Kick In
Trump’s war with Iran since February has added a new layer of complexity in U.S.-India relations.
Photo: iStock/Oleksii Liskonih
India Expands Russian Ship Insurance Access to Keep Oil Flowing
India expanded the pool of approved Russian providers, alleviating the shortage of insurers to provide the liability coverage tankers carrying Russian oil need to legally enter its ports.
India's Port of Mumbai. Photo: iStock / mgstudyo
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