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Supply Chains in Crisis: Page 14
Iran Blocks IMO Plan to Evacuate Trapped Ships, Seafarers
The proposal, backed by Oman, was potentially the first phase of a wider Omani proposal to consult on setting up a new management system for the strait.
Bessent Calls for Overhaul of U.S. Supply Chains
Bessent claimed that decades of prioritizing low-cost sourcing have left the U.S. vulnerable to supply chain disruptions, all while compromising the country's domestic manufacturing.
IMO to Carry Out Evacuation Plan for Stranded Hormuz Ships
The IMO said that it will carry out a large-scale operation with cooperation between the maritime industry and the U.S., Iran, Oman and other Gulf Coast states.
Heat Wave Lowers Rhine Levels, Straining Fuel Supply Chains
Earlier on June 22, barges carrying diesel through Kaub in Germany were limited to about 1,070 tons of cargo, according to Spotbarge data.
U.S. Temporarily Authorizes Sale of Iranian Oil
With the U.S. temporarily lifting its sanctions on Iranian oil, the Middle Eastern nation will now temporarily be allowed to sell oil using U.S. dollars
Iran Says Hormuz Closed Again as Talks With U.S. Set to Open
Iran’s declaration on June 20 will likely make more risk-averse shipowners with vessels that have been trapped inside Hormuz for months more wary of exiting.
Iran Announces Plan to Charge Fees in Strait of Hormuz
Iran's chief negotiator Mohammad Bagher Ghalibaf said that the strait still needs to be managed, despite progress made on negotiations with the U.S.
Canada Looks to Food Supply Chain to Curb Grocery Costs
The bureau will conduct a "broad examination" of Canada's food supply chain, including harvesting, production, processing, logistics and transportation.
Strait of Hormuz Starts to Reopen
Lloyd's List maritime data found that ships that have been trapped in the strait since February have already started exiting the waterway.
CSCMP's State of Logistics Report: Get Used to the Fog
Redesign the operating model, not just the network, the annual report's authors concluded.
Fertilizer Ships Face Long Backlog Even If Hormuz Reopens
There are over 40 vessels laden with fertilizer in the strait, according to tanker-tracking data compiled by Bloomberg and Kpler.
Supreme Court Allows First-Term Trump Tariffs to Remain in Place
The levies were imposed in 2018 under Section 301 of the 1974 Trade Act, which allows the U.S. to enact tariffs in response to unfair trade practices.
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