AGP Executive Report
Last update: 10 hours agoHormuz Shipping Risks: Attacks and threats around the Strait of Hormuz are disrupting oil flows and making tanker bookings harder. Indian Oil plans to acquire crude and LPG carriers, while shipping risks remain elevated despite falling oil prices. China–U.S. Port Fees: Beijing extended its suspension of special port fees on U.S. ships and its shipping-sector probe through Jan. 10, 2027. Gulf Connectivity: Six GCC states signed an agreement for a joint railway network, with each country expected to finance its share. Qatar and Bahrain also agreed to strengthen land transport and logistics links. New Logistics Hubs: Malaysia’s proposed Nexus Sedenak development includes an inland port and could attract up to RM12 billion in investment. In South Korea, Changwon is positioning Jinhae New Port as a future Arctic-route hub. Suez Rebound: Canal revenue rose 94% to $724 million as shipping traffic recovered.
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