Northgate Shipping operates a fleet of 140 container vessels on Asia–Europe and transatlantic routes. Insurers and shipowners are quietly rerouting around the Gulf as negotiators in Muscat argue over an inspection timetable. Longer voyages mean bunched arrivals, and Europe's two biggest ports are feeling it at the same time. The carrier ordered ships during the pandemic boom. They are arriving into a very different market.
Coverage
Iran WarTanker traffic through Hormuz falls to lowest level since talks began
Global Supply ChainPort congestion in Rotterdam spreads to Antwerp as carriers reroute around the Gulf
BusinessNorthgate Shipping to cut its fleet by a fifth as freight rates slide
