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ZIM strike briefly halts operations in Israel, work resumes after negotiations

4+ hour, 31+ min ago  (169+ words) According to media reports, workers of Israeli container carrier ZIM launched a labour strike on Thursday, 17 April, in opposition to the terms linked to the company's planned sale to Hapag-Lloyd. At the time, union representatives of ZIM employees highglithed concerns…...

Kuehne+Nagel
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Disruptions in Persian Gulf persist as Strait of Hormuz faces slow path to recovery

1+ week, 3+ day ago  (607+ words) Intelligence sources talk about over 600 vessels trapped in the Persian Gulf as of 9 April, with 114 of those container ships and 325 tankers. According to Lloyd's List tracking, only six vessels had transited the strait on 9 April. Only one container vessel, a…...

Kuehne+Nagel
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Strait of Hormuz disruption highlights persistent concentration risk in global energy trade

1+ week, 2+ day ago  (437+ words) Recent events linked to conflict in the Middle East have once again brought attention to how heavily international energy trade depends on a small number of critical transit points. The current situation has highlighted the extent to which risk remains…...

Kuehne+Nagel
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CMA CGM boxship to navigate Strait of Hormuz via Iran-approved corridor

1+ week, 6+ day ago  (305+ words) A CMA CGM'containership appears to be heading eastbound exiting the Middle East Gulf through the Strait of Hormuz, via a Tehran-approved detour, according to its AIS transmission. The 5, 466 teu CMA CGM Kribi (IMO: 9694543)'entered the MEG on a scheduled voyage…...

Kuehne+Nagel
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Shipping through the Strait of Hormuz: New risks and realities for container carriers

1+ week, 5+ day ago  (401+ words) The Strait of Hormuz has entered a period of dramatic change, presenting significant challenges and uncertainties for the container shipping industry and its customers. Recent developments have seen Iran's Islamic Revolutionary Guard Corps (IRGC) assert increasing control over transit through…...

Kuehne+Nagel
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Cosco boxships transit Hormuz on second attempt as Iran widens approved nation list

2+ week, 6+ day ago  (447+ words) TWO Cosco Shipping'ultra-large containerships appear to have secured Iranian clearance to transit the Strait of Hormuz on their second attempt, signalling what may be a diplomatic breakthrough between Beijing and Tehran over passage rights through the contested chokepoint. The 19, 000 teu…...

Kuehne+Nagel
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Middle East disruption forces South African exporters to redirect cargo and rethink transport routes

3+ week, 3+ day ago  (431+ words) The current conflict in the Middle East is posing challenges to'South African exporters, obstructing'maritime routes and preventing fruit and other goods from reaching key market destinations. Local reports indicate that most seaborne fruit cargo is now subject to delays, placing…...

Kuehne+Nagel
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Shipping restrictions in the Strait of Hormuz intensify economic pressure across Europe

3+ week, 4+ day ago  (349+ words) The restrictions on merchant shipping in the Strait of Hormuz are creating uneven pressures across Europe, with several studies and assessments highlighting the countries most directly exposed. Research by the Vienna Supply Chain Intelligence Institute, the Complexity Science Hub and…...

Kuehne+Nagel
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Hapag-Lloyd to acquire ZIM: Major container shipping merger announced

2+ mon, 3+ day ago  (10+ words) Kuehne+Nagel...