Did You Know That…

…US threats of fresh strikes and Iran blockade prompt another shipping pause in Hormuz.

• Hormuz transits stall as US-Iran ceasefire collapses, prompting owners and charterers to pause MEG voyages amid renewed military escalation

• Multiple tankers and LNG carriers turned back from the strait after vessel attacks and threats against ships using the US-backed southern corridor

• Industry warns recent VLCC departures marked the clearance of trapped pre-war cargoes, not a return to normality, with future exports now dependent on risk appetite.

Owners and charterers reassess gulf transits as ceasefire collapses and vessel attacks reignite security fears.

…Hormuz war risk rates surge as Trump declares ceasefire ‘over’.

• Latest clashes resolve lingering underwriter doubts

• US hits 170 targets in Iran — Tehran strikes bases in multiple nearby countries

• LLI data shows zero southern route transits yesterday.

• Quotes double on back of renewed Middle East tensions

…Key container lines have pulled most ships from Middle East Gulf.

• Global container lines have withdrawn most of their vessels from the Middle East Gulf following the partial reopening of the Strait of Hormuz in June

• Carriers have reconfigured networks by using intra-MEG feeder services and land transport through regional hub ports to maintain cargo flows.

MSC still has the largest presence with eight vessels, including two ships seized by Iran that remain off the Iranian coast. Hapag-Lloyd has completed its withdrawal from the region, while Maersk retains five vessels.

…Super Typhoon Bavi set to disrupt shipping across China’s busiest ports.

• Super Typhoon Bavi is expected to hit Taiwan and eastern China on Friday with gusts of up to 100 knots and 12 metre waves

• Ningbo and other ports in Zhejiang and Fujian are preparing for closures, with terminal operators rushing to secure containers before the storm arrives

• All vessel segments face potential disruption, with iron ore, coal, bauxite, soybeans, and nickel ore among the commodities most at risk.

Chinese ports and shipping lines brace for Super Typhoon Bavi, with delays and closures expected from Friday (today).

…The future of the free-trade agreement between America, Canada and Mexico (USMCA) was in some doubt after the Trump administration declined to renew it. The US trade representative, Jamieson Greer, said America would now negotiate with Canada and Mexico about the USMCA’s “shortcomings”.

…Reports emerged that Volkswagen would lay off 100,000 employees worldwide, about a sixth of its workforce, and end production at four factories in Germany.

…Nike announced quarterly profit of $1.1bn thanks mostly to $986m it received in refunded tariff costs from the government. Its footwear sales rose in America and fell in Europe, and China, where they declined by 13%, year on year.

…According to a report from our esteemed member Navana Logistics, the operations at Chittagong Port (CTG) are currently experiencing significant disruptions due to severe weather conditions.

…The Economist published the top of most liveable cities: this is the top 10: 1 Copenhagen, 2.Vienna, 3.Melbourne, 4.Sydney, 5.Zurich, 6.Geneva, 7. Osaka, 8. Adelaide, 9. Vancouver, 10 Tokyo.

…Route 66: How a century-old highway helps explain America. Driving from Chicago to Santa Monica you glimpse the best aspects of the country. The “Mother Road” was what John Steinbeck called it in “The Grapes of Wrath”; the Joads drove west from Oklahoma in search of a better life in California. Nat King Cole sang that it was where you “get your kicks”. It gave its name to a popular network TV show in the 1960s and inspired the plot and setting of Pixar’s “Cars”, an animated film from 2006. It is the path of one of America’s most popular road trips. Route 66 became the most famous highway in the world partly due to good timing. Its heyday coincided with America’s cultural and geopolitical rise and the emergence of car culture. This year the route turns 100. And though the modern interstate is more efficient, it is far less colorful. America is turning 250 in a divided, uneasy time. The best antidote for the birthday blues is to drive all 2,400 miles (3,860km), from Chicago to Santa Monica, on the Mother Road.

…Progress over perfection ! Have a great weekend!

…This DYKT news bulletin will be published on the website as well, go to www.eaanetwork.com.