Topic
suez canal
Logistics Hormuz and Red Sea Risks Converge as US Strikes Iranian-Bound Tanker, Houthis Threaten Bab el-Mandeb
The US military fired missiles into a commercial tanker attempting to reach Iran, while Tehran’s Revolutionary Guard threatened to prevent regional energy exports if Iranian cargoes are blocked. Simultaneously, a senior Houthi official warned that Bab el-Mandeb could be closed if regional fighting escalates, raising the prospect of simultaneous disruption at the Middle East’s two key maritime energy exits.
Logistics Maersk and Hapag-Lloyd Return Service to Suez Canal as Security Assessed
Maersk, in a joint decision with Hapag-Lloyd, will return its AE15 service to the Suez Canal starting July 24, marking a tentative step back to the route after Houthi attacks forced diversions. The move frees capacity and reduces transit times, but security risks persist. Meanwhile, Suez Canal revenues have plummeted 40% in 2024, and 780 vessels remain on the Cape route.
Logistics Suez Canal Hikes Transit Surcharges from Mid-July
The Suez Canal Authority will increase transit surcharges for most vessel classes from July 15. This move affects crude oil carriers, LPG carriers, and containerships, among others, with surcharges rising significantly.