When a terminal operating system goes down, cargo does not move and documentation does not issue. Without documentation there is no invoicing, and without invoicing there is no payment. A cyberattack on one operator becomes a receivables problem for everyone connected to it.
3 min read
Piracy remains a steady background risk in the Gulf of Guinea and the Strait of Malacca. What has changed is the categorisation: Houthi activity in the Red Sea and Gulf of Aden now overlaps with traditional piracy corridors, blurring the line between criminal and state-adjacent risk, and the cover that responds to each.
3 min read
Strikes end. The backlogs they create do not end with them, and neither do the charges. Demurrage and detention accumulate daily while the parties argue about who is contractually responsible, and that argument is settled slowest by the party least able to fund it.
3 min read
Weather used to be the risk everyone accepted as background noise. It is now the risk that compounds with the others: the El Niño cycle constraining the Panama Canal is the same one raising typhoon and flood exposure across Asian ports, in a year when neither Suez nor Hormuz offers much slack.
3 min read
A six-inch draft reduction sounds trivial. Across a Neopanamax parcel it is thousands of tonnes of cargo that either does not sail or sails on a second vessel. Both outcomes move a delivery date, and moved delivery dates are where contractual penalties and payment disputes begin.
3 min read
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