AGP Executive Report
Last update: 7 hours agoStrait of Hormuz Shock: Greek shipowner Evangelos Marinakis says paying a transit fee would have been cheaper than months of disruption after the Strait’s closure, as shipping leaders assess rerouted trade and higher war-risk costs. Maritime Fleet Deal: Cosco Shipping Energy ordered four 175,000-cbm LNG carriers for about $950m, to be leased to Shell Tankers Singapore on seven-year charters starting 2029-2030. Regional Transit Push: The World Bank approved a $372m Georgia project to upgrade rail freight, modernize key roads, and cut logistics costs along the Trans-Caspian corridor. Digital Logistics: Azerbaijan doubled down on digitalization to strengthen its Middle Corridor role, while the Caspian forum in Baku highlighted e-docs and smart logistics to speed cargo. Freight Cost Pressure: Ukrzaliznytsia told Reuters it needs at least a 45% freight tariff rise to stabilize finances after infrastructure hits. Europe Disruption: Portugal’s nationwide strike is disrupting rail, metro, hospitals, and hundreds of flights, with TAP cutting operations sharply. Road Safety: A deadly Gujarat bus crash killed at least seven and injured about 40, underscoring ongoing transport risk.
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