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Global Gateways: Page 18

Trump Says U.S. Will Escort, Insure Oil Tankers During Iran War
Trump said the U.S. International Development Finance Corporation would offer insurance to help ensure the flow of commercial trade in the Gulf.
An oil tanker in the Strait of Hormuz. Photographer: Kaveh Kazemi/Getty Images
Iran Conflict Creates Layers of Uncertainty Across Middle East
Economists caution that the broader risk lies less in surging oil prices, and more in how that interacts with other mounting geopolitical pressures.
Photo: iStock / aimintang
World’s Top Container Carriers Revise Sailings to Avoid Mideast
Some carriers are canceling bookings temporarily, skipping some port calls, warning of delays and implementing surcharges.
Photo: iStock / Marina113
Major Threat to Supply Chains as Scope of U.S.-Iran War Widens
Update from the Guardian: Strait of Hormuz closed, Iran's Revolutionary Guards says.
Photo: iStock/TexBr
Shipping Lines Cut Mideast Routes Posing Risk to Trade Flows
Hapag-Lloyd on March 1 announced a “war risk surcharge” of $1,500 per 20-foot container, effective March 2. France’s CMA CGM SA will charge $2,000.
Smoke rises from Jebel Ali port after an Iranian missile attack in Dubai, March 1. Photographer: Christopher Pike/Bloomberg
Oil Tankers Avoiding Vital Hormuz Strait After U.S. Bombs Iran
The Strait is one of the most important focal points at times of tension with Iran, because a fifth of the world’s seaborne oil and liquefied natural gas goes through it each day.
An oil tanker in the Strait of Hormuz. Photographer: Kaveh Kazemi/Getty Images
Panama Backs Cancellation of IMO Shipping Carbon Levy
Many countries, including the U.K., continue to back the carbon levy, which would be the first time ships were charged for their emissions.
Photo: iStock.com/Suphanat Khumsap
Maersk, MSC Units to Temporarily Run Disputed Panama Ports
Panamanian officials are hoping to reassure carriers and shippers that operations will remain stable while a longer-term concession process unfolds.
Photo: iStock / Ceri Breeze
Panama Takes Control of Two Disputed Canal Ports
The decree issued on February 23 orders the Panama Maritime Authority to occupy the ports for "reasons of urgent social interest."
Photo: iStock.com/Federico Barbieri
U.S. Airports Suspend Most Flights Along East Coast Amid Blizzard
Major snowfall of as much as 30 inches is expected across the East Coast in some areas.
Photo: iStock/maxoidos
Port of Los Angeles Imports Slump in January
Seroka noted that despite the trade war uncertainty, “purchase orders that go out three months in advance to Asia look stable, a good sign.”
Photo: Eric Thayer / Bloomberg
Iran Temporarily Closes Strait of Hormuz
The closure comes as the U.S. and Iran hold the second round of negotiations in Geneva, Switzerland, to discuss Iran's nuclear program.
Photo: iStock / PeterHermesFurian
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