Freight Pulse & Law Update - 19:00

What changed across global freight markets?

Freight risk remains elevated. INTERTANKO says clearing mines from the Strait of Hormuz traffic separation scheme is necessary: but insufficient: to restore normal shipping. Operators should continue independent voyage risk assessments and monitor JMIC and industry advisories.

The Panama Canal recorded a $5.3 million priority-transit payment for SK Gas’s G Spirit on September 1. Daily transits are scheduled to fall from 36 to 34 on September 3, then to 32 later this month because of drought and El Niño conditions. CNA reports the auction record.

Which port and documentation risks require action?

Shanghai and Ningbo-Zhoushan are experiencing vessel bunching, high yard density, and berth delays reaching 10 days or more in severe cases. At Mundra, an empty-container operator strike is reportedly holding up roughly 5,000 containers daily and increasing rollover, detention, and handling risks. Review the Mundra disruption.

China’s revised Maritime Code recognizes electronic transport records. Provisions effective September 1, 2026, cover electronic bills of lading, multimodal documents, warehouse receipts, and insurance records. Systems must preserve integrity, traceability, issuer identity, and exclusive control. Read the Reed Smith analysis.

What should shippers do now?

• Review Hormuz, Panama, Shanghai, Ningbo, and Mundra contingencies.

• Validate electronic-document controls with carriers and counsel.

• Confirm IMO 2026 procedures for lost-container reporting and PFOS-free firefighting media. Gard summarizes lost-container rules.

• Track UK ETS exposure for vessels of 5,000 GT and above; maritime coverage began July 1. See DNV’s update.

• After CVSA Brake Safety Week, retain inspection, maintenance, and driver records under DOT requirements.

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