AGP Executive Report
Last update: 12 hours agoHormuz Risk: The IMO says it cannot confirm mines have been cleared from the Strait of Hormuz and is still advising ships not to transit. A separate attack off Oman killed one Indian seafarer and left 13 crew rescued, underscoring the danger to commercial vessels. Trade Routes: DP World has launched a new China–Africa shipping link, while Boluda’s planned acquisition of Samskip would expand its European short-sea network. Logistics Investment: Malaysia’s GDB Holdings won an RM877 million contract to build a Shah Alam logistics hub, and Arcapita plans to invest $1.5 billion in GCC logistics assets. Market Outlook: COSCO Shipping Ports reported an 8.4% rise in quarterly throughput, while Drewry forecasts excess shipping capacity from 2027, with limited relief for African importers.
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