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| TY LOGISTICS Korea-based International Freight Forwarder |
| Weekly Logistics Report May 25, 2026 (Mon) |
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WEEKLY REPORT · VOL.07 🚢 Middle East Logistics & Shipping Update Week 3, May 2026 · Based on KATI Export Intelligence (Published May 21, 2026) Based on carrier notices & EIA/EU Weekly Oil Bulletin. Rates subject to change. |
🎉 2026 Export Voucher Matching Fair Successfully Completed! | |
The 2026 Korea Export Voucher Matching Fair, held on May 22 (Fri) at Grand InterContinental Seoul Parnas, concluded with great success.
Consultations 38 companies | | TY Booth #19 |
TY Logistics (Booth #19) completed 1:1 consultations with 38 companies. For follow-up discussions, please contact our team below. |
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🚢 OCEAN Steady 20' $3,500~4,500 |
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🌐 HORMUZ Open Deal US-China Summit |
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✈️ SUSPENDED FedEx 10 ME countries |
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💲 KRW/USD 1,498 ↑0.6% (May 20) |
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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 • Ocean freight at highs: 20' $3,500~4,500 / 40' $5,500~6,500
• US-China summit (5/14~15): Hormuz Strait open passage agreement + 26-nation joint statement
• UAE-Oman 'Green Corridor' emerging as emergency alternative — first GCC bonded customs fast-track
• Iran 'Hormuz Safe' bitcoin maritime insurance, PGSA transit approval system expanding
• Air Premia: ICN-LAX fully suspended 5/20~5/31; SFO/NYC/Hawaii partial
• Korean Air: ICN-Dubai suspended through August
• FedEx: All 10 Middle East country routes fully suspended
• Lufthansa ~20,000 flights / Air France·KLM ~160 flights cut
• UAE Khor Fakkan port trucks 100→7,000/day, containers 2,000→50,000/week
• South America: largest rate increase across all routes
• WTI 98.26 (-2.7%) / Dubai 103.31 (+0.9%) / KRW/USD 1,498.50 (+0.6%) |
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I. Port & Airport Status (May 21, 2026) |
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* No status changes confirmed / TLV cargo resumed / IKA no carriers available |
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🚢 1. Ocean Freight
▶ Rates (mid-May): 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 20' $5,500~6,500 | Jeddah 20' $5,500~6,500 | Sohar 20' $5,000~6,000 |
✈️ 2. Air Freight (May 13)
▶ FSC: KRW 2,260 / 2,120 / 2,020 per kg (long/mid/short, effective May 16)
▶ ICN Departures — Suspensions (New)
| Airline | Details |
| Air Premia | ICN-SFO, NYC, Hawaii partial / ICN-LAX: fully suspended 5/20~5/31 |
| Eastar Jet | ICN-Phu Quoc ~50 flights suspended (5/5~5/31) |
| Korean Air | ICN-Dubai suspended through August |
▶ International Routes
| Airline | Details |
| FedEx | All 10 Middle East country routes fully suspended |
| Air India | ME + Europe/Americas partial cuts |
| Lufthansa | ~20,000 European short-haul flights cut |
| Air France·KLM | ~160 European short-haul flights cut | |
🚚 3. Inland Transport (May 18~21) ▶ ME inland unchanged / US diesel $5.596 (+58% YoY) / EU avg 1,976 (+31%)
▶ UAE Khor Fakkan: trucks 100→7,000/day, containers 2,000→50,000/week
▶ Maersk, MSC launching new Saudi/UAE inland truck routes |
🌐 4. Industry Trends (May 14~20)
▶ US-China Hormuz Agreement • Trump-Xi summit (5/14~15): agreed to maintain Hormuz Strait open passage
• Joint opposition to Iran toll attempts; 26-nation 'Freedom of Navigation' joint statement
• UAE-Oman 'Green Corridor' — first GCC bonded customs fast-track |
▶ Continued Instability & Iran Control • US 5-point demands incl. 'nuclear dismantlement'; tensions remain high
• Iran 'Hormuz Safe' bitcoin maritime insurance; PGSA transit approval system
• Seabed cable control; expanding sovereignty claims over strait |
▶ Route-by-Route Freight Trends • Americas: supply controls + peak-season BAF, consecutive GRI → uptrend
• Europe/Med: Red Sea diversion + mid-May all-cargo rate hikes
• Middle East: Iran transit permits + tolls → geopolitical risk costs passed on
• South America: Brazil agri exports + vessel redeployment → largest increase across all routes
• SE Asia: near-sea flat or slight increase; relatively stable vs. deep-sea |
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III. Key Economic Indicators (May 21, 2026) |
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| Indicator | May 20 | May 13 | WoW |
| WTI (USD/bbl) | 98.26 | 101.02 | -2.7% |
| Dubai (USD/bbl) | 103.31 | 102.35 | +0.9% |
| KRW/USD (May 20): | 1,498.50 | +0.6% |
* Sources: NYMEX, Korea Petroleum Corp (Opinet), Hana Bank exchange rate |
💬 Contact TY Logistics For rate inquiries, schedules, Export Voucher services, or Matching Fair follow-up, 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 3, May)"
Published May 21, 2026 |
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