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Prior to an Extraordinary Session of the IMO Council on the Middle East crisis scheduled for March 18–19 in London, the International Maritime Organization has released a briefing document that says roughly 3,200 vessels carrying around 20,000 seafarers are currently confined west of the Strait of Hormuz, reports the gCaptain news platform. The document underlines the scale

Cork, Ireland – Ports of Indiana has opened its first international trade office in Ireland to grow cargo shipments and support the launch of a direct Europe-Indiana container service. Maritime trade veteran, Brian Dooley, will lead the new European Trade Office, based in Cork and Kildare, Ireland. In 2024, Ireland made $32.4 billion of shipments

The White House is floating the idea of a 30-day exemption of the more than century old Jones Act  which requires American-flagged, built and crewed ships to transport goods between US ports. The initiative would seek to blunt the impact of soaring oil and gasoline prices and disrupted fertilizer supplies as a result of a

The war in the Middle East is creating the largest supply disruption in the history of the global oil market, states the International Energy Agency in its latest Oil Market Report. With crude and oil product flows through the Strait of Hormuz plunging from around 20 mb/d before the war to a trickle currently, limited

The ongoing Middle East conflict continues to affect global supply chains, supporting higher freight rates in the short term, reports Drewry shipping consultancy, which expects spot rates on the container trade to increase in the coming weeks. The Drewry World Container Index (WCI) increased 8% to $2,123 per 40ft container, mainly due to a sharp

“Around 20,000 seafarers on vessels operating in the Middle East are facing a dangerous and highly uncertain security situation as the conflict in the region continues,” today indicated World Shipping Council President & CEO Joe Kramek. Multiple commercial vessels have been struck since the beginning of the conflict, including a container ship that was hit

LOGISTEC, a leading North American marine terminal and logistics services provider announced the acquisition of Travero’s Logistics Park Dubuque (“LPD”) a multi-purpose marine terminal located in East Dubuque, Illinois on the Upper Mississippi River. The terminal’s connectivity strengthens LOGISTEC’s inland waterways network reach, providing strategic routing options for agriculture, manufacturing, and energy supply chains across

The Port of Vancouver announces it handled record cargo volumes last year including exports, as terminals and supply chain partners enabled Canadian businesses to connect with overseas customers and grew access to non-U.S. markets in support of national trade priorities. Exports of grain, crude oil and potash led the way—all hitting record levels—while containerized and