by A1 WorldWide Logistics | Apr 29, 2026 | Economic trends, Shipping Logistics, Supply Chain
The Strait of Hormuz is still closed as an ongoing conflict in Iran continues. US involvement has escalated a war between Iran and Israel in recent times. As the countries involved escalated the conflict, Iran closed most of the strait on February 28, 2026. Since...
by A1 WorldWide Logistics | Mar 11, 2026 | Economic trends, Importing, Supply Chain
International shipping could soon feel the effect of a container ship hit in the Strait of Hormuz. On March 4, the Safeen Prestige vessel was hit by a projectile passing through the strait near Oman. The attack occurred just above the waterline, sparking a fire in the...
by A1 WorldWide Logistics | Mar 11, 2026 | Economic trends, Importing, Supply Chain
As the Iran-Israel conflict continues to escalate, global trade can soon see the Iran war disrupting shipping. Iran and Israel have been in a back-and-forth for decades, which has escalated in recent years. More recently, Israel and the US started what President Trump...
by A1 WorldWide Logistics | Oct 31, 2024 | Freight, Shipping Logistics, Transportation
Analysts have recently reported a continuing trend of LNG freight rates plunging to record lows. LNG (Liquified Natural Gas) rates for Atlantic and Pacific basins fell $20,750 and $36,000 daily on Friday, October 25th. For reference, this is the lowest for this...
by A1 WorldWide Logistics | Oct 19, 2023 | Economic trends, Shipping Logistics, Supply Chain
International freight exporters and exporters may have to take caution soon with the Israel conflict affecting shipping in various ways. The Israel-Hamas war has intensified over the last week, and the maritime industry is now monitoring the situation. While...
