AGP Executive Report
Last update: an hour agoHormuz Disruption: Shipping traffic through the Strait of Hormuz hit a one-week low, with only single-digit vessel transits reported as Iran signals the waterway stays closed unless US demands are met; separate attacks near Bab el-Mandeb also killed crew, keeping pressure on global energy logistics. Energy Corridor Politics: US lawmakers urged support for the Great Sea Interconnector to power the India–Middle East–Europe Economic Corridor, positioning the Eastern Mediterranean as a key gateway. Canal Costs Spike: Panama Canal slot auctions hit record prices as El Niño-driven drought lowers water levels, threatening cargo capacity and raising freight costs. Healthcare Supply Chain: Movianto UK went live on a five-year NHS England contract for GDP-compliant, temperature-controlled pharmaceutical logistics to 11,000 frontline locations. Grid Flexibility Push: Kenya Power warned that rapid wind/solar growth is stressing the grid and called for more geothermal, hydropower, and battery storage. Battery Storage Deals: Waaree Transpower won an INR 160 crore order for MV skids for BESS, while Encavis acquired a 65MW/260MWh standalone Italian battery project for 2028 commissioning. Regional Logistics Growth: Samudera–Imoto ordered a 696 TEU feeder for Japan coastal expansion, and DHL said it’s adding China logistics capacity for sectors like semiconductors and healthcare.
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