Global Freight

Shipowners are placing “huge volume requests” for insurance cover as they look to transit the Strait of Hormuz following the U.S.-Iran ceasefire deal.

While shipowners and insurers lined up to welcome the ceasefire, they also warned that more details will be needed to determine if safe transit is possible.

FedEx has said it’s separating the freight and parcel operations to better focus on each business.

A unit of Hong Kong’s CK Hutchison said that Maersk had undermined a contract over operations of ports at either end of the Panama Canal.

Amazon’s fuel and logistics-related surcharge will apply to U.S. and Canadian sellers using its Fulfillment by Amazon option, effective April 17.

USPS will impose a surcharge to offset rising fuel costs, sources said, a sign that the beleaguered mail carrier is feeling the strain of higher oil prices.

Amazon.com acquired New York-based startup Fauna Robotics, becoming the latest technology giant to step into the burgeoning consumer humanoid market.

Ongoing tensions in the Middle East are amplifying volatility in global supply chains, Cosco said.

Sinokor has been snapping up very large crude carriers, giving it unprecedented control over a big share of the global fleet.

Reuters reported the that Elliott had taken the holding in an effort to urge Mitsui to review its real estate portfolio.