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Iran conflict turns shipping market into ‘wild west’
Containers are being dropped off at far-flung ports while freight rates have soared. Israeli air strikes rock central Beirut Iran still seen capable of escalating attacks on Gulf’s energy. (Financial Times)
Middle East war disrupts pharma air routes, risks cancer drugs supply
LONDON, March 16 (Reuters) – War in the Middle East is disrupting the flow of critical medicines to the Gulf, imperilling supply routes for cancer drugs and other treatments that require refrigeration and forcing companies to reroute flights and find overland access into the region, industry executives said. The conflict, sparked by U.S. and Israeli […]
Supply Chains Strain to Cope with the Effects of Iran War
The escalating conflict in Iran has already started to ripple through global supply chains, as disrupted shipping lanes, rising insurance costs and the effective closure of the Strait of Hormuz have forced carriers to suspend transits, reroute vessels and brace for higher transportation costs across global trade lanes.Roughly 11% of global freight passes through the Strait of […]
How Logistics Supports the Growth of Small Businesses
Running a small business comes with unique challenges, and one of the most critical is ensuring efficient and cost-effective logistics. From sourcing raw materials to delivering products to customers, logistics is the backbone of any successful operation. For small businesses, in particular, a well-managed logistics system can drive growth, improve customer satisfaction, and give them […]
The Benefits of Using Logistic Services for Small Businesses
Are you a small business owner looking to streamline your operations? Utilizing logistic services can greatly enhance your efficiency and save you time. These services help manage inventory, transportation, and distribution. It allows you to focus on growing your business. From reducing costs to improving customer satisfaction, the benefits are substantial. Logistic services can provide […]
About 90 ships cross the Strait of Hormuz as Iran exports millions of barrels of oil despite the war
HONG KONG (AP) — About 90 ships including oil tankers have crossed the Strait of Hormuz since the outset of the war with Iran and it is still exporting millions of barrels of oil at a time when the waterway has been effectively closed, according to maritime and trade data platforms.Many of the vessels that passed through […]
