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The industry seems set for cyclical pain
Tehran has vowed to respond to a suspected Israeli air strike on its consular building in Damascus
FourWorld takes legal action after ‘egregious’ transaction that ended deadlock over ownership of oil shipping group Euronav
Cargo volumes fall 14% while other Chinese cities record rise in throughput
Head of London market says disaster may produce largest maritime claim in history
Carmakers and insurers braced for fallout after bridge collapse shuts critical US trade hub
Divers will return to the water in the morning in an effort to recover bodies, authorities say
Collapse will cause economic damage and bring new focus on quality of US infrastructure
Financier fails in effort to block Victor Restis from pursuing bankruptcy proceedings against her after judge rules demand is valid
Oil tankers decline to take onboard specialist pilots for narrow waterways
Gang that seized bulk carrier in December forced to surrender after operation in Indian Ocean
Moscow-based insurer Ingosstrakh will not cover claims on tankers evading sanctions
Blocking cargo ships’ passage through the Red Sea hasn’t noticeably hurt global growth or pushed up inflation
Indirect negotiations in Oman aimed to end strikes against shipping by Tehran-backed Houthis
Also in this newsletter: Putin in nuclear warning, UK returns to growth, art market in doldrums
Capture of Bangladeshi bulk carrier is first successful hijacking since December
Labour unions are urging the Biden administration to investigate China’s dominance of naval engineering, potentially inflaming Sino-American tensions
Republican congressmen allege manufacturer of 80% of cranes at US terminals has installed suspicious equipment
DHL among operators reporting soaring requests for the route in a trend expected to benefit state-owned RZD
Maritime experts believe the Behshad provides data to help Yemeni rebels strike vessels in Gulf of Aden
Vessel owned until recently by US private equity group Oaktree Capital is latest to be hit in Gulf of Aden
Rival offer by GXO almost certain to succeed after French company withdraws
Missile attacks aimed at Israeli, US and British vessels sailing near Yemen expose flag and ownership ambiguities
Iran-backed group still poses threat to Red Sea shipping despite enduring weeks of missile strikes
GXO proposal comes after board had recommended shareholders accept improved bid from CMA CGM
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