Sourcing Journal on MSN
Container ships stuck in Persian Gulf as Hormuz conflict paralyzes traffic
More than 120 vessels remain inside the Gulf while carriers divert containers to Singapore, Colombo and other regional hubs.
Ships are rerouting, air cargo is tightening, and companies are adding new war risk surcharges as the Middle East conflict disrupts supply chains.
By Lisa Baertlein LONG BEACH, Calif., March 2 (Reuters) - Container ships account for roughly 100 of the 750 ships ensnared in the Strait of Hormuz backups following U.S. and Israeli attacks on Iran, ...
A massive container ship was crossing the Indian Ocean with more than 4,000 containers onboard when the crew felt a violent jolt run through the hull. Moments later cracks began spreading across the ...
Despite increasing trade policy uncertainty and falling freight rates, the container ship order book has continued to expand. It now totals more than ...
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