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Think Tank
Ocean Transportation: Page 8
Indonesia, Singapore Reaffirm Free Passage in Strait of Malacca
The two countries have a vital interest in maintaining security in the straits, including from accidents and piracy, Indonesian President Prabowo Subianto said.
Container Carriers Eye Return to Red Sea Route
The two carriers said they’re redirecting a service that links the southern Mediterranean with China through the Red Sea and Suez Canal.
Port of Charleston to Pause Operations at Leatherman Terminal
SCPA noted that this represents a short-term decision, although it's unclear when the Leatherman terminal might reopen down the line.
Iran Warns Tankers to Use Only Approved Hormuz Routes
Iran's joint military command issued the warning on July 2, a day after U.S. and Iranian diplomats met with mediators in Qatar.
Shipping Rates Surge as Peak Demand Builds Early
Transpacific shipping rates to the West Coast have more than doubled since mid-May, while Asia to Europe rates have been up 70-80%.
Maersk Boosts Outlook on Stronger-Than-Expected Container Demand
Ranges for both underlying EBITDA and EBIT were increased, topping analysts estimates, and free cash flow will also be better than previously expected, Maersk said.
Ship Traffic Through Strait of Hormuz Dwindles Again
Iran continues to assert that the only route is its corridor and that all vessels require its permission, regardless of any agreements.
Traffic Flows Through Hormuz Despite Shock Ship Attack
The U.S. is leaning on Oman, which also borders the strait, not to create a joint tolling system with Iran.
Little Relief from Soaring Spot Rates, Xeneta Says
Shippers should not expect more ocean carrier capacity to translate into falling freight rates.
Hormuz Highlights How Maritime Risk Assessment Needs to Change
Risk and compliance teams are no longer only asking whether a vessel transited Hormuz; they are asking whether that transit can be documented, explained and defended
Ship Struck in Hormuz as Oil Supertankers Turn Back Again
Two key exit routes through Hormuz have emerged over the past several weeks because the normal one through the middle is thought to have been mined.
Iran Blocks IMO Plan to Evacuate Trapped Ships, Seafarers
The proposal, backed by Oman, was potentially the first phase of a wider Omani proposal to consult on setting up a new management system for the strait.
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