Category: Freight (Cargo)

Renewed Strikes Threaten Setback to Shipping Recovery in Persian Gulf

The New York Times – Business:
The attacks came after traffic through the Strait of Hormuz had reached the highest levels since the start of the U.S. war in Iran.
Movement Through Strait of Hormuz Is Halted After Attack on Cargo Ship

The New York Times – Business:
The strike on a vessel near the coast of Oman prompted a U.N. agency to pause an evacuation of ships from the Persian Gulf.
Attack on French Cargo Ship Highlights Continued Risks in Strait of Hormuz

The New York Times – Business:
U.S. Central Command and the ship’s owner disagreed on whether the vessel coordinated safe passage with the United States military.
Iran Again Tightens Its Grip on Shipping in the Strait of Hormuz

The New York Times – Business:
Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday. More than 300 ships linked to Iran have passed through the strait since the war began.
Two Iran-linked Ships Passed Through Strait of Hormuz Ahead of U.S. Blockade

The New York Times – Business:
The vessels exited the Strait of Hormuz on Monday, hours before a U.S. naval blockade took effect.
Southwest Airlines Imposes Further Limits on Portable Chargers on Flights

The New York Times – Business:
Starting on April 20, the airline will limit passengers to one lithium battery-powered portable charger per person.
3 California Men Are Arrested in $1 Million Lego Heist

The New York Times – Business:
Sheriff’s deputies spotted the men fleeing in two box trucks on Wednesday. Deputies searching the cargo discovered a large amount of Lego products, the authorities said.
Is the Strait of Hormuz Reopening? What to Know Under Iran-Cease Fire.

The New York Times – Business:
Vessels are wary of passing the coast of Iran in the strait, given the fragile agreement, and the number of ships traveling through it has even dropped.
Iran Keeps a Tight Grip on Strait of Hormuz, Pressuring Shipping and Energy Sectors

The New York Times – Business:
Iran has allowed a small number of vessels to pass, but that won’t alleviate pressure or risk for the shipping industry and energy markets any time soon.
Trump’s Move to Seize Oil Tankers Costs the U.S. Tens of Millions of Dollars

The New York Times – Business:
Although President Trump said seizing tankers would be a financial boon, the cost of maintaining just one aging ship has already reached $47 million.
Rising Fuel Costs Pressure Airlines and Truckers

The New York Times – Business:
The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
Crab Heist Puts Spotlight on Surge of Cargo Thefts

The New York Times – Business:
Stolen food and beverages, which are easier to offload than costly electronics, are driving an overall spike in cargo crimes, truckers, insurers and other experts say.