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| TY LOGISTICS Korea-based International Freight Forwarder |
| Weekly Logistics Report June 1, 2026 (Mon) |
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WEEKLY REPORT · VOL.08 🚢 Middle East Logistics & Shipping Update Week 4, May 2026 · Based on KATI Export Intelligence (Published May 28, 2026) Based on carrier notices & EIA/EU Weekly Oil Bulletin. Rates subject to change. |
🚨 BREAKING: Unofficial US-Iran Ceasefire MOU Draft — Hormuz Reopening Conditions Proposed | Iranian state media disclosed an unofficial US-Iran MOU draft. In exchange for US military withdrawal and sanctions relief, Iran would restore Hormuz Strait vessel traffic to pre-conflict levels within one month. A 60-day comprehensive ceasefire framework is under discussion. Iran President Masoud Pezeshkian officially stated readiness to proceed. ⚠ If negotiations advance, structural changes in ME ocean freight rates and surcharges possible — close monitoring required |
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🚢 ME FREIGHT $4,306 All-time high, 4wk↑ |
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⛽ WTI CRASH ↓9.7% 88.68 (MOU impact) |
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✈️ FSC CUT Jun 16~ ~KRW 1,500 planned |
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💲 KRW/USD 1,502 ↓0.4% (May 27) |
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Dear Valued Partners,
Please find below this week's Middle East logistics and shipping trends from TY Logistics. |
📌 Key Highlights This Week • ME ocean freight $4,306 all-time high — 4 consecutive weeks up, June hike signaled
• WTI crashed -9.7% (88.68) — US-Iran ceasefire MOU draft impact
• Unofficial US-Iran MOU: Hormuz reopening + 60-day ceasefire framework
• Jun 16 FSC cut expected: ~KRW 1,500 (current 2,260/2,120/2,020)
• Global air routes maintaining pre-war levels; LCC defensive cuts only
• Hormuz blockade → diversion route & port congestion worsening, HMM Khor Fakkan delays
• Israel-Hezbollah escalation: 70+ Lebanon strikes, cumulative 3,185 deaths
• June Amazon Prime Day early booking demand → Americas rate pressure
• Diesel surge + truck shortage → accelerating rail conversion
• KRW/USD 1,502.00 (-0.4%) |
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I. Port & Airport Status (May 28, 2026) |
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* No status changes / TLV cargo resumed / IKA no carriers available |
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🚢 1. Ocean Freight
🚨 ME Ocean Freight — All-Time High $4,306 Shanghai-ME 20FT $4,131 (#2 all-time) · 4 weeks consecutive ↑ · June hike signaled |
▶ Korea→ME: 20' $3,500~4,500 / 40' $5,500~6,500 (surcharges excl.)
▶ Surcharges: War Risk 20' $2,000 / 40' $3,000 | BAF 20' $250~300 / 40' $500~600
▶ Jebel Ali 20' $5,500~6,000 | Hamad $5,500~6,500 | Jeddah $5,500~6,500 | Sohar $5,000~6,000
▶ Diversion Routes & Port Congestion Worsening Prolonged Hormuz blockade → Persian Gulf port-call risk rising, India Mundra transshipment becoming default. HMM vessels experiencing delays at Khor Fakkan due to port capacity constraints. Alternative port congestion intensifying. |
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✈️ 2. Air Freight
Current (May 16~) 2,260 / 2,120 / 2,020 Long / Mid / Short (KRW/kg) |
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🎉 Jun 16 Cut Expected ~KRW 1,500 All distances |
▶ Post-War Air Freight Outlook • Global air routes maintaining pre-war levels — major ICN routes unchanged
• Only LCC/small carriers maintaining defensive cuts due to FSC surge
• Air cargo volume impact limited: high-value/urgent cargo composition makes sea conversion difficult |
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🚚 3. Inland Transport (May 25~28)
| Region | Diesel ($/gal) | YoY |
| California | $7.182 | +49% |
| US Average | $5.523 | +58% |
| EU Average | 1,948 Euro/1000L | +38% |
▶ Diesel surge + truck shortage → accelerating shift to rail transport |
🌐 4. Industry Trends
▶ Israel-Hezbollah Escalation • Netanyahu 5/25 video: pledged to accelerate attacks on Hezbollah
• IDF struck 70+ locations in Lebanon; cumulative 3,185 deaths since March
• Hardline Israeli stance continues separate from US-Iran negotiations |
▶ Route-by-Route Freight Trends • Americas: rate + surcharge maintained; June Amazon Prime Day early booking → upward pressure
• Europe: carrier rate hikes settling into market; overall rates rising
• Middle East: war risk insurance + security costs in rates; PGSA transit procedures → lower vessel turnaround → rates rebounding |
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III. Key Economic Indicators (May 28, 2026) |
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| Indicator | May 27 | May 20 | WoW |
| WTI (USD/bbl) | 88.68 | 98.26 | -9.7% |
| Dubai (USD/bbl) | 102.12 | 103.31 | -1.2% |
| KRW/USD (May 27): | 1,502.00 | -0.4% |
* Sources: NYMEX, Korea Petroleum Corp (Opinet), Hana Bank exchange rate |
💬 Contact TY Logistics For rate inquiries, schedules, Export Voucher services, or any logistics needs, reach out anytime. |
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👥 Your Dedicated Team
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TY LOGISTICS Co., Ltd. Korea-based Int'l Freight Forwarder
KOTRA Export Voucher Certified
tytradeone.com | Based on KATI Export Intelligence
"ME Logistics Update (Wk 4, May)"
Published May 28, 2026 |
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© 2026 TY Logistics Co., Ltd. All Rights Reserved. |
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