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On March 10, 2026, UKMTO reported a suspicious explosion near a tanker north of Abu Dhabi. Vessels in the region are being urged to exercise heightened caution.
Oil prices rise to $119 per barrel. Tensions in the Persian Gulf and risks surrounding the Strait of Hormuz increase transport costs and create new uncertainty in the logistics market.
Container shipping companies are once again avoiding the Red Sea. Diversions around Africa significantly extend transit times and drive up costs as well as insurance premiums in the global sea freight market.
The conflict in the Middle East is reducing global air freight capacity by over 20 percent. Major cargo hubs such as Dubai and Doha are heavily restricted.
The port of Chittagong is extending terminal hours by four hours and implementing RFID tracking at the ICD Dhaka. The goal is to achieve greater transparency and increased throughput.
Maersk publishes new compliance requirements for UAE Advance Cargo Manifest and mandatory processes for consolidated vehicle transportation to Algeria.