Canal Slot Prices Surge to Record $4M High
Auction prices for priority Panama Canal transits have climbed to an unprecedented $4m per vessel as geopolitical turmoil in the Middle East reshapes global shipping patterns and s
UAE Leaves OPEC, Raising Doubts Over Cartel’s Future
The United Arab Emirates has announced a decision to leave the Organization of Petroleum Exporting Countries (OPEC), a major blow to the supply cartel that has exerted influence ov
Middle East Shipping Market Update
Maritime trade across the Gulf and surrounding routes remains under significant pressure as security risks, congestion, and carrier disruptions continue to affect regional supply c
Asia Freight Market Overview: Capacity Gaps
Based on the latest schedule analysis, total market capacity is sitting at approximately 53,500 TEU, noting this has already been impacted by recent vessel adjustments, particular
Asia’s Anchorage Delays Worsen as War Drags Into Week Five
Paralysis around the Strait of Hormuz is being felt at global shipping hubs around the world. Ships are holding, rerouting, or bunching at alternative ports while operators wait fo
MOL and Hitachi Repurpose Ships as Offshore Data Centers
Japanese shipping giant Mitsui OSK Lines (MOL) has signed a memorandum of understanding with Hitachi and Hitachi Systems to develop, operate and commercialise floating data centres
New War Front Emerges as Houthis Enter the Conflict
The Iran war’s second month has opened with a sharp escalation in threats to global shipping, as Iranian-backed Houthi rebels fired their first missiles since the conflict began,
Air Cargo Charter Rates Hit Covid-Era Highs Amid War
Air charter rates have surged to “Covid-era” levels as the Iran conflict triggers a sharp capacity squeeze and volatile fuel costs, with brokers warning the market is being pus
Operational Disruptions in the Middle East
Due to the rapidly evolving situation in the Middle East our network of logistics partners has been releasing advisory notices and operational updates for shipments in the affected
Container Lines Rethink Red Sea Routes After Iran Attacks
Carriers halt Hormuz transits and suspend Suez/Red Sea routings amid Iran conflict risks About 170 containerships totalling 450,000 teu are stuck inside Hormuz; Middle East Gulf po
