Freightwaves: World’s largest shipping line suspends all cargo to Middle East
Carrier halts shipments amid escalating Iran conflict
Carrier halts shipments amid escalating Iran conflict
Due to the conflict in the Middle East and the official closure of the Strait of Hormuz (SOH) by relevant authorities amid the evolving security situation in the region, Hapag-Lloyd is suspending all vessel transits through the waterway until further notice.
We have now received formal confirmation that major regional carriers, including EK, QR, and EY, have suspended operations. Over the weekend, airlines have also withdrawn previously agreed rate structures and backed out from allocations.
Following the implementation of the Europe Environment Surcharge (EES) on January 1, 2025, we are providing an update on the quarterly tariff adjustment. The EES was introduced to align with new and evolving environmental regulatory standards. For further details, please refer to here.
The Chinese private shipbuilder has inked its first VLAC newbuilding order of the year
Carriers abandon plans to return to Suez Canal route and reinstate to Cape of Good Hope diversions, while Arabian Gulf ports left isolated
Lyttelton Port Company (LPC) has gone live with a private 5G network delivered by Ericsson and implemented on site by local firm 2degrees, aimed at strengthening resilience, safety and digital operations across New Zealand’s largest South Island port.
The UAE has introduced Maritime Pre-Load Cargo Information (MPCI) regulations that require the electronic submission of shipment data for all UAE-bound cargo before vessel loading.
Hong Kong-listed LC Logistics has ordered two 11,000 teu containerships from China in a deal worth about $236m.
Please be advised of the scheduled VMS in week 11 on the Transatlantic AL5 service, as agreed by partner lines to mitigate schedule delays.