Iran attacks container ship and closes the Strait of Hormuz again
The Iranian Revolutionary Guard Corps (IRGC) has closed the Strait of Hormuz until further notice, according to Iranian state media on Sunday morning.
News
Trump decides not to impose tolls in the Strait of Hormuz after all
President Donald Trump has decided not to impose tolls on cargo ships in the Strait of Hormuz. According to him, the shipping route will remain closed to vessels traveling to and from Iran.
Growth appears to be fading from container rates after months-long surge
Spot rates in container shipping have fallen for the first time after a months-long increase that began at the end of April.
Stolt Tankers vessel hit in attack is ‘stable’
The attacked tanker Stolt Magnesium is stable and all crew members are safe. There were no Dutch nationals on board.
Congestion at Chinese container ports due to Typhoon Bavi
The container ports of Shanghai, Ningbo and Qingdao are experiencing severe congestion. More than 2 million TEU are still waiting for a berth.
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