Global freight forwarding giant Kuehne + Nagel announced on March 3 local time that it will cut over 2,000 positions. This move is part of its cost-saving initiative launched in the fourth quarter of 2025.Previously, the company had projected layoffs of 1,000 to 1,500 employees. However, deteriorati

Recently, Iran announced the closure of the Strait of Hormuz, triggering swift reactions across global shipping and energy markets. According to data from UK shipping broker Clarksons, approximately 3,200 vessels are currently stranded in the Middle East Gulf region, unable to enter or exit.Among th

As port operations at both ends of the Panama Canal gradually return to normal, the Panamanian government is actively advancing transition arrangements to international terminal operators.During the 18-month interim period, AMP Terminals (APMT), a subsidiary of Maersk, will manage the Pacific-side P

Since the evening of February 28, Iran's Revolutionary Guard has imposed a de facto blockade in the Strait of Hormuz—not only issuing frequent warnings against passage but also deploying naval vessels to enforce the closure, forcing oil tankers to halt operations in place. Shipping data charts

On March 1 local time, an oil tanker attempting to pass through the Strait of Hormuz was struck and began sinking.Earlier, on the evening of February 28, Iran's Islamic Revolutionary Guard Corps had announced a ban on all vessels transiting the Strait of Hormuz.With shipping activities in the St