Growing congestion at the Panama Canal is pushing gas tankers to take unusual routes. Wait times…
Tag: shipping
Strait of Hormuz Traffic Increases Amid Ongoing Tensions
Traffic through the Strait of Hormuz rose slightly this week. Ten vessels passed through the chokepoint…
Shipping Executives Optimistic Despite Geopolitical Tensions
The shipping industry is seeing a rise in optimism despite ongoing geopolitical tensions, especially in the…
South Korea Launches First Arctic Shipping Route Voyage
A South Korean container ship has started its first commercial journey through the Arctic. The goal…
Panama Canal Reduces Ship Transits Amid El Niño Drought
The Panama Canal will cut the number of ships passing through it starting September 3 due…
Gunmen Seize Tanker Off Yemen, Divert to Somalia
A tanker has been seized off the coast of Yemen by six armed individuals. They have…
Gulf-to-China Supertanker Rates Surge to $510,000 Daily
The daily rate for chartering a supertanker from the Persian Gulf to China has reached $510,000.…
China Launches Arctic Shipping Route Amid Middle East Crisis
China has started its first regular shipping service through the Arctic's Northern Sea Route (NSR). This…
Container Ship Pays $4 Million to Skip Panama Canal Queue
A container ship, the Seaspan Benefactor, paid $4 million to bypass the queue at the Panama…
Kuwaiti tanker attacked in Strait of Hormuz amid tensions
A Kuwaiti oil products tanker was struck by an unknown projectile in the Strait of Hormuz…