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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

For the first time, scientists have stated with statistical confidence that global warming is accelerating, not merely continuing at a steady pace. According to a new study released by the American Geophysical Union, the past decade ranks as the fastest-warming on record. At the current pace, the authors wrote, Earth will exceed the limit of 1.5 degrees Celsius of warming set by the Paris Climate Accord before 2030. Although

Women still remain vastly underrepresented across the maritime industry, from crews onboard to leadership roles ashore, according to a hard-hitting industry report. The latest Women in Maritime survey, published jointly by the International Maritime Organization (IMO) and WISTA in 2025, found that women make up less than 20% of the total global maritime workforce. This

American Bureau of Shipping, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Samho Heavy Industries (HD HSHI) signed a joint development project (JDP) for the “Conceptual Design of a Nuclear-Powered Electric Propulsion System.” The agreement forms a framework to assess the technical feasibility of a nuclear-powered electric propulsion system specific to a

Imports at major U.S. container ports are expected to remain below last year’s levels for the first half of 2026 amid ongoing tariff uncertainty, but it is too soon to gauge the impact of the conflict in Iran, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “The Supreme

Tennessee-based IMC Logistics, a national leader in landside logistics, announced plans to open a marine drayage operation in Toronto in 2026. The new location marks IMC’s first ever expansion outside of the United States and represents a major milestone in the company’s long-term growth strategy. Located at one of the busiest trade crossings between the