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Asia-US container rates mostly higher on Iran war stalemate; tanker rates edge lower

Rates for shipping containers from east Asia and China to the US rose again this week and are now up by about $1,000/FEU (40-foot equivalent unit) since the start of the Iran war, and liquid tanker rates were steady to softer with decreases across most trade lanes. CONTAINER RATES Rates from online shipping marketplace and …

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Sustainable shipping without the spin

While the maritime sector often expresses its commitment to the International Maritime Organization’s (IMO’s) Net Zero ambitions and 2030/2050 targets, rhetoric and reality also frequently diverge. In many respects, our sector is a laggard among global industries where emissions are concerned and needs to take a hard, honest look at itself – or risk falling …

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Iran’s control of Strait of Hormuz raises legal issues; reopening unlikely

Iran’s tightening grip on the Strait of Hormuz has left global energy markets and shipping in turmoil, with The Financial Times reporting that a full reopening of the waterway in 2026 is unlikely. Instead, countries such as India, China, Japan, and South Korea may be forced into bilateral deals with Tehran to secure passage, while …

Iran’s control of Strait of Hormuz raises legal issues; reopening unlikely Read More »

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