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Ocean Transportation: Page 16

Hyundai Reroutes Ships With Hormuz Blockage Disrupting Supplies

The shift is part of a broader plan to rework its operations to insulate the company from supply chain shocks, tariffs and geopolitical tension.

“Globalization is over. It’s completely over.” José Muñoz, chief executive officer of Hyundai Motor Co.

‘Ceasefire’ Brings Little Relief for Persian Gulf Ship Traffic Jam

Iran said it would only observe a two-week ceasefire if Israel ceased its attacks on Lebanon, but Israel hit over 100 sites in Lebanon on April 8.

Photo: iStock/Alones Creative

CK Hutchison Subsidiary Says Maersk 'Undermined' its Contract for Panama Canal Ports

The Balboa port is one of two terminals along the strategic Panama Canal that have become a flashpoint in the intensifying rivalry between the U.S. and China in Latin America.

Port of Balboa. Photo: iStock/ClaudineVM

Hormuz Stays Blocked for Now as Hundreds of Ships Seek Escape

According to the International Maritime Organization , some 20,000 civilian seafarers are stuck on board trapped ships and the other utility and support vessels.

Ships of all types were seen on the morning of April 8, clustered on either side of Hormuz, around Dubai in the Persian Gulf and Khor Fakkan in the Gulf of Oman. Image: Bloomberg

Containership Hit by Missile in Persian Gulf

The UKMTO said the crew are safe and accounted for. No environmental impact has been reported. Authorities are investigating.

Photo: iStock / 35007

Containership Hit by Iran in Early Days of War Sinks in Hormuz

Satellite photos from the European Union’s Copernicus Browser show a vessel on fire in the area on March 28, and it disappearing by April 2.

Photo: iStock / Dimitrios Karamitros

Mexico’s Alternative to the Panama Canal Set to Open Fully this Year

The multimodal project aims to offer an alternative to the Panama Canal.

Andres Manuel Lopez Obrador, Mexico's president, speaks during the inauguration of the Interoceanic Corridor of the Isthmus of Tehuantepec (CIIT) Breakwater megaproject in Salina Cruz, Oaxaca state, Mexico, on Monday, Feb 26, 2024. Photographer: Alejandro Cegarra/Bloomberg

Iran Says Iraqi Ships Are Allowed to Use Strait of Hormuz

The declaration has the potential to unleash as much as 3 million barrels a day of Iraqi oil cargoes.

Photo: iStock / aimintang

Three Ships Appear to Exit Hormuz by New Oman Coast Route

The three ships transiting are particularly interesting because they are the largest type of oil tankers and the first LNG carrier to escape the gulf since the war began.

A bulk carrier at Muscat Anchorage in Muscat, Oman. Photographer: Elke Scholiers/Getty Images

Rubio Accuses China of Harassing Panama-Flagged Ships

The allegations add another point of tension between the U.S. and China ahead of President Donald Trump’s scheduled visit to Beijing in May.

The Port of Balboa in Panama City. Photographer: Walter Hurtado/Bloomberg

Iran and Oman Work on System to Monitor Hormuz Traffic

Iran and Oman are believed to be collaborating to draft policies that would facilitate and ensure safe passage for ships moving through the strait.

Photo: iStock / 35007

Cofco Books First Argentina Corn Cargo to China in Over 15 Years

The deal comes after China cleared Argentine corn imports in 2024, and as the South American nation has recently kicked off a bumper harvest.

Photo: Sebastian Lopez Brach / Bloomberg

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