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Global Gateways: Page 12

Transportation Secretary Announces American Supply Chain Sovereignty Initiative
Initiative will launch a “high-visibility dashboard” connecting major transportation hubs directly to ocean carriers, trucking companies, railroads and retailers, Sean Duffy said.
Secretary of Transportation Sean P. Duffy (center left), with Port of Los Angeles director, Gene Seroka (center), June 12, 2026. Photo: Department of Transportation
Trump’s Energy Chief Says Half of Hormuz Stoppages Restored
Chevron Corp. Chief Executive Officer Mike Wirth said there are indications that flows through the strait are probably not as high as the energy secretary said.
Chris Wright, U.S. energy secretary, during a signing ceremony at Rice University in Houston, Texas, U.S., on Thursday, June 11, 2026. The signing ceremony is meant to commemorate the establishment of a global partnership with commitment to energy security. Photographer: Mark Felix/Bloomberg
Ships, Seafarers Stuck in Gulf Face Tough Choices
Opening the Strait of Hormuz remains Iran’s most valuable bargaining chip; one it seems eager to retain after seeing the drastic effect its closing has had on world trade.
An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69
$3.4B PoLA Budget Approved
The budget plan includes anticipated total operating revenues of $826 million, a 26% increase.
Los Angeles, California. Photo: iStock / KKStock
US-Canada Bridge Fight Rages: Opening Delayed, Invites Voided
Canadian Prime Minister Mark Carney had said the bridge would open this week, but appeared to back away from that on June 10.
Photo: iStock / Steven_Kriemadis
India Condemns U.S. Strikes on Three Ships That Killed Sailors
Three foreign-flagged vessels carrying Indian crew have recently been attacked by the U.S. Navy.
Vessels anchored in the Strait of Hormuz, near Khasab, Oman, in May. Source: AFP/Getty Images
Oil Crunch Is Stoking Asia’s Demand for Coal, Shipping CEO Says
The effective closure of the Strait of Hormuz in early March has driven Asian buyers to look for alternative sources to replace disrupted Persian Gulf barrels.
Photo: iStock.com/Andrzej Rostek
Michigan, Canada Plan Opening of Bridge Trump Threatened to Block
The bridge, named after the late Canadian hockey player who starred for the Detroit Red Wings, was built to reduce shipping congestion in a region that lives on trade.
The Gordie Howe International Bridge under construction in Detroit on Feb. 12. Photographer: Emily Elconin/Bloomberg
Houthis to Impose ‘Complete Ban’ on Israeli Ships in Red Sea
While the Houthis’ statement doesn’t amount to a ban on commercial shipping in the Red Sea, maritime intelligence agency Vanguard Tech advised caution.
A ship transits the Suez Canal towards the Red Sea in 2024. Photographer: Sayed Hassan/Getty Images
Xeneta: Massive Freight Rate Increases Driven by War and Energy Crisis Fears
If shippers look to frontload imports, then carriers will look to push rates higher and higher, so the market may yet be far from its peak, warns the analyst.
Container ships and bulk carriers offshore from Singapore. Photographer: SeongJoon Cho/Bloomberg
First Oil Supertanker Moors at Kharg Island in Almost a Month
The blockade is depriving Tehran of petroleum revenue and the market of millions of barrels of supply.
Image: iStock/PeterHermesFurian
Panama Canal Considers Water Limits to Thwart El Niño Impacts
The authority overseeing the Central American waterway is revisiting lessons learned from Panama’s 2023-24 drought in the face of what's predicted to be a “super El Niño.”
A container ship passes through the Miraflores Locks as it transits the Panama Canal. Photographer: Justin Sullivan/Getty Images
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