The worldwide supply chain is constantly changing. As we continue dealing with the fallout of pandemic-related supply chain issues, fluctuations in prices, labour disruptions, logistic delays, and port congestion persist. We provide you with freight updates that include some of the latest industry news, helping to keep you on top of the dynamic global supply chain landscape.
Iran’s Revolutionary Guards seized an Israeli-linked cargo ship in the Strait of Hormuz on Saturday, days after Tehran said it could close the crucial shipping route and warned it would retaliate for an Israeli strike on its Syria consulate. Read more.
Iran’s seizure of the 15,000 teu MSC Aries over the weekend is a cause for grave concern for pretty much anyone involved in global supply chains. Read more.
The US west coast will bid farewell to a container destination come the end of September. Officials at Portland in Oregon have decided to close and likely repurpose the city’s sole mothballed container terminal this autumn as the facility no longer has any regular customers and has been losing millions of dollars for the past few years. Read more.
Investigators in Baltimore are focusing on the Dali’s electrical power system and its circuit breakers and have called in the ship’s builder, Hyundai Heavy Industries from South Korea, with a preliminary report on this year’s most high-profile shipping accident set to be released in the first week of May. Read more.
Police say arrests have been made in connection with a gold heist at Pearson International Airport one year ago. The heist happened on April 17, 2023 and involved the theft of a "high-value container" from a holding cargo facility after it was taken off an Air Canada plane. Read more.