AGP Executive Report
Last update: 7 hours agoShipping Disruptions: Middle East conflict has pushed oil shipping costs up sevenfold, while attacks around the Strait of Hormuz have left 6,000 seafarers trapped. NATO is also boosting its Black Sea presence after attacks on commercial shipping, raising fresh risks for trade and grain exports. Cross-Border Logistics: DSV opened an $90 million, 853,000-square-foot Laredo facility, combining warehousing, customs brokerage and distribution to expand its U.S.–Mexico freight network. Sanctions: The U.S. targeted shipping firms, agents, vessels and a law firm over alleged help moving Iranian commodities, intensifying scrutiny of maritime operators. Warehouse Compliance: U.S. hazmat employees must complete required training within 90 days; NATEC has put its shipper course online. Bulgarian authorities also began joint inspections of major retail-chain warehouses to examine supply-chain mark-ups and compliance.
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