#ocean-freight-crisis
(11 articles)CMA CGM Ship Hit by Projectile in Hormuz; US Halts Freedom Corridor
A CMA CGM container vessel has been struck by a projectile while transiting the Strait of Hormuz, marking a significant escalation in maritime security threats affecting one of the world's most critic
ONE Carrier Reports 92% Profit Plunge Amid Rate Collapse
Ocean Network Express (ONE), a major global container carrier, reported a catastrophic 92% decline in net profit to $338 million for fiscal year 2026 (April 2025–March 2026), with revenue falling 14%
South Korea Backs Exporters With Freight Rate Discounts
South Korea's government and the International Trade Association are implementing a coordinated freight rate discount program targeting local exporters facing unprecedented cost pressures. Ocean freig
Hormuz Closure Strands Project Cargo Capacity, Port Calls Drop 60%
A closure of the Strait of Hormuz has created a critical bottleneck for project cargo and multi-purpose (MPP) vessel operations, with port calls at affected terminals declining by 60 percent. This dis
Red Sea Disruption Could Cost African Trade Billions in 2026
The Bloomsbury Intelligence and Security Institute (BISI) has released analysis quantifying the economic impact of ongoing Red Sea maritime disruptions on African trade in 2026. The analysis highlight
Middle East Maritime Stalemate Threatens Global Energy Trade
A geopolitical deadlock in the Middle East is creating a dual crisis for global maritime trade. The Strait of Hormuz—one of the world's most critical energy chokepoints—remains blocked by escalating t
HMM Suspends Middle East Route Amid Hormuz Shipping Crisis
Hyundai Merchant Marine (HMM), South Korea's leading container carrier, has suspended its Middle East route operations in response to escalating security risks in the Strait of Hormuz region. This sus
China Port Congestion Causes 21-Day Ship Delays
China's major ports are experiencing significant congestion, with vessels idling for extended periods—up to 21 days—creating a critical bottleneck in global ocean freight networks. This congestion is
Lagos Ports Congestion Worsens as Agents Shut Down MSC Operations
A significant operational crisis is unfolding at Lagos Ports as shipping agents have taken the extraordinary step of suspending MSC (Mediterranean Shipping Company) operations in response to severe po
Maersk Warns of Shipping Fuel Shortage as Gulf Attacks Escalate
Maersk has publicly warned that ongoing geopolitical tensions in the Gulf region pose a serious threat to fuel supply availability for the global shipping industry. As attacks in the area intensify, s
Maersk Suspends Horn of Africa Shipments—Global Trade Disrupted
Maersk, the world's largest container shipping line, has suspended shipments through the critical Horn of Africa trade corridor, creating significant disruption to one of the globe's most important sh