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Shipowners Offer Huge Bonuses to Get Crews to Sail Hormuz
One firm offered six months extra salary if they make a return voyage, which it said would take about a month in total, according to a document seen by Bloomberg.
Vessels remain anchored off Port Sultan Qaboos, on June 20. Photo: Bloomberg
CSCMP, SupplyChainBrain Unveil Finalists for 2026 Supply Chain Innovation Award
The SCIA recognizes organizations that tackle supply chain management through innovative thinking, measurable business impact and real-world results.
Scia Award Finalists 2026
10 Killed in Russian Missile Attack Against Cargo Vessel in Black Sea
The vessel was said to have been using a maritime export corridor to move cargo down the Romanian and Bulgarian coastlines to Turkey.
Photo: iStock.com/Istimages
AliExpress Fined a Record €550M for Selling Illegal Products Online
The ruling found that a high volume of illegal products continued to circulate for weeks even after they were flagged by AliExpress's moderation system.
Photo: iStock / MarioGuti
Houthis Launch Naval Blockade Against Saudi Arabia
The Houthi blockade will reportedly target the Bab el-Mandeb strait, which serves as the route for roughly 5% of global gas and oil supplies.
Photo: iStock / Rainer Lesniewski
Jingye Group Demands Compensation for British Steel Nationalization
The British government took control of the Scunthorpe steelworks in April 2025, after Jingye Group said it planned to close the site because it was not financially viable.
Photo: iStock/EyeEm Mobile GmbH
Consulting Firm: Vanishing Capacity Is What’s Really Causing Trucking Rate Recovery
A LeadCoverage analysis of the 2026 freight market finds the recovery is driven by trucks leaving the road rather than by freight volumes rising.
Photo: iStock / shaunl
The U.S. Blockade Is Forcing Iran’s Energy Tankers to Zig-Zag and U-Turn
The U.S. restored a blockade against Iranian shipping on July 14, a step that all but halted Tehran’s crude exports when it was imposed previously.
A U.S. service member watches a ship transit the Arabian Sea. Source: U.S. Navy
China Slams U.K.’s Nationalization of British Steel
The decision threatens to strain the relationship between London and Beijing, just as Andy Burnham is set to become the prime minister on July 20.
Photo: Bloomberg
Kenya Court Backs Import Levy to Fund China-Backed Rail Project
Kenya has been banking on the levy to restart work on the China-built and funded project that runs from Mombasa, but stalled in a scrubland west of Nairobi.
The Mombasa-Nairobi Standard Gauge Railway in Nairobi. Photographer: Patrick Meinhardt/Bloomberg
Thailand, Argentina Lead Next Wave of Rising Manufacturing Hubs
By shifting to these countries for sourcing, manufacturers can spread production across a wider range of markets and reduce their exposure to geopolitical and trade risks.
Photo: iStock / Drazen_
Drone Boat Startup to Open New Shipyard in Texas
The new shipyard will be dubbed Port Alpha, and will reportedly be capable of manufacturing ships up to 1,200 feet long.
Photo: iStock / mady70
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