Stay on top of port closures, security incidents, congestion events and freight rate movements impacting global shipping. Updated continuously from verified industry sources.
A contract has been awarded for the construction of a surge protection breakwater at Geraldton Port, Australia. This construction project may cause temporary disruptions or slowdowns in port operations during the works period.
Iran is imposing or considering transit toll fees on commercial vessels passing through the Strait of Hormuz, with some Greek shipping companies already reportedly paying fees in Chinese yuan. This development raises the risk of disruptions, rerouting, or increased costs for vessels transiting the strait, which handles a significant share of global oil and LNG shipments.