Initiative will launch a “high-visibility dashboard” connecting major transportation hubs directly to ocean carriers, trucking companies, railroads and retailers, Sean Duffy said.
Chevron Corp. Chief Executive Officer Mike Wirth said there are indications that flows through the strait are probably not as high as the energy secretary said.
Opening the Strait of Hormuz remains Iran’s most valuable bargaining chip; one it seems eager to retain after seeing the drastic effect its closing has had on world trade.
DCSA says the collaboration will support the development and implementation of shared industry standards aimed at improving interoperability and enabling more seamless data exchange across stakeholders.
The effective closure of the Strait of Hormuz in early March has driven Asian buyers to look for alternative sources to replace disrupted Persian Gulf barrels.
The Trump administration is pushing to bring about political and economic reforms to the island via a combination of sanctions, cutting off its access to energy supplies.
The tankers boom, and the potential for it to seed the next downturn, was a constant talking point at the industry’s biennial Posidonia gathering in Athens, June 1-5.
While the Houthis’ statement doesn’t amount to a ban on commercial shipping in the Red Sea, maritime intelligence agency Vanguard Tech advised caution.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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