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Disruptions at airports, ports + border crossings rise as war in Gaza enters third week: Israel launched attacks on Syrian airports in Damascus and Aleppo, killing one person and damaging runways, leaving them unusable, AP News reports. This is the latest in a series of Israeli attacks inside Syria in the two weeks since the Israel-Hamas war started.
On the shipping front:Taiwanese container shipping line Evergreen announced force majeure on shipments headed towards Israel’s Ashdod port last week, Hellenic Shipping News reports, citing a customer note. Evergreen diverted its Ever Cozy vessel to Haifa due to concerns regarding safety. The backlog of ships around Haifa has been increasing in recent days, with 16 vessels anchored near the port as of last week.
Land transport is also affected: Trucks carrying Saudi-origin polyethylene (PE) and polypropylene (PP) cargoes are also trapped in Jordanas all border crossings between Jordan and Israel remain shut, Argus Media reports. The fate of the cargoes remains unclear, though Argus expects the conflict to flatten demand for PE and PP shipments in the Levant region, with sellers already noticing a fall in sales.
AND- Egypt is seeing knock-on effects from the war: A tanker looking to fill up at Egypt’s Idku LNG terminal had to turn around empty after Israeli pipeline gas shipments were halted due to the conflict, Reuters reported. Chevron’s closure of the Tamar field and suspension of exports via the underwater EMG pipeline has meant that there is less gas to meet Egypt’s domestic needs, limiting availability for exports, the newswire wrote.
LOOKING AHEAD-
Potential danger at the Strait of Hormuz: Israel’s war against Gaza may cause the US to further tighten sanctions against Iran, a move which may prod Iran to attack shipping in the strait, Reuters reported, citing analysts. The Marshall Islands registry, one of the world’s most widely used shipping flags, issued a notice saying that US and Israeli-flagged shipping in the region face greater risks of attack, the newswire said.
