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Global Gateways: Page 10

Hormuz Sees Biggest Day of Attacks Since U.S.-Iran Peace Deal
The spate of incidents is a reminder of the continued risks to ships crossing through Hormuz, even with military forces protecting vessels crossing by a route near Oman’s coastline.
Vessels remain anchored off Port Sultan Qaboos, on June 20. Photo: Bloomberg
U.S. Revokes Authorization for Iranian Oil Sales
The U.S. had issued what was supposed to be a 60-day authorization in late June, as part of a tenuous peace agreement with Iran to reopen the Strait of Hormuz.
Image: iStock/Tomas Ragina
Hormuz Strike Threatens Progress on Europe’s De-mining Mission
Industry groups have cautioned that even though a ceasefire between the U.S. and Iran remains in place, the presence of mines is a major risk for ships.
Photo: Elke Scholiers/Getty Images via Bloomberg
Indonesia, Singapore Reaffirm Free Passage in Strait of Malacca
The two countries have a vital interest in maintaining security in the straits, including from accidents and piracy, Indonesian President Prabowo Subianto said.
Photo: Bloomberg
Container Carriers Eye Return to Red Sea Route
The two carriers said they’re redirecting a service that links the southern Mediterranean with China through the Red Sea and Suez Canal.
Ships anchored in the Strait of Hormuz near Larak Island, Iran on May 16. Photographer: Majid Saeedi/Getty Images
Port of Charleston to Pause Operations at Leatherman Terminal
SCPA noted that this represents a short-term decision, although it's unclear when the Leatherman terminal might reopen down the line.
Photo: Port of Charleston
Iran Warns Tankers to Use Only Approved Hormuz Routes
Iran's joint military command issued the warning on July 2, a day after U.S. and Iranian diplomats met with mediators in Qatar.
Photo: iStock / 35007
Shipping Rates Surge as Peak Demand Builds Early
Transpacific shipping rates to the West Coast have more than doubled since mid-May, while Asia to Europe rates have been up 70-80%.
Economic Tariffs Concept
Ship Traffic Through Strait of Hormuz Dwindles Again
Iran continues to assert that the only route is its corridor and that all vessels require its permission, regardless of any agreements.
Photo: iStock / Bjoern Wylezich
Traffic Flows Through Hormuz Despite Shock Ship Attack
The U.S. is leaning on Oman, which also borders the strait, not to create a joint tolling system with Iran.
Several tankers and bulk carriers were seen transiting the Strait of Hormuz on June 26. Photo: Bloomberg
Little Relief from Soaring Spot Rates, Xeneta Says
Shippers should not expect more ocean carrier capacity to translate into falling freight rates.
Photo: iStock.com/Dilok Klaisataporn
Hormuz Highlights How Maritime Risk Assessment Needs to Change
Risk and compliance teams are no longer only asking whether a vessel transited Hormuz; they are asking whether that transit can be documented, explained and defended
Image: iStock/Alones Creative
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