Shipping
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Iran Launches Missile and Drone Strikes on Ships in Strait of Hormuz, Heightening Regional Tensions
STRAIT OF HORMUZ, September 30 — On April 12, 2024, Iran’s Islamic Revolutionary Guard Corps Navy conducted coordinated…
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Oil Tanker Rates Top $1M a Day as Shipping Crisis Deepens
LONDON, September 15 — The cost of moving crude oil by sea crossed a threshold this week that…
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China’s $10.8B Pinglu Canal Nears Opening, Slashing SEA Shipping Times
Nanning, September 8 — China is set to open the Pinglu Canal, a 134-kilometer waterway linking Nanning, the…
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Red Sea Shipping: Vessel Numbers, Attacks, and Rerouting Since 2023
CAIRO, July 28 — For Asian economies that depend on the Red Sea-Suez Canal corridor, the numbers tell…
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Suez Canal Disruptions: Red Sea Instability Impacts Global Shipping
CAIRO, July 21 — The Suez Canal, that narrow ribbon of water that has connected the Mediterranean to…
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Icebreaker Ships Navigate Frozen Seas for Centuries
BRUGES, July 18 — The icebreaker’s story is older than most people realize, and it starts not in…
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Rerouting Around Red Sea Adds Thousands of Miles, Days and Costs
ISLAMABAD, July 16 — The Red Sea and Suez Canal route, a maritime corridor handling roughly 12% of…
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Measurable Impact of Abandoned Shipping Fee on Trade
LONDON, July 15 — The proposed transit fee for ships passing through a critical global chokepoint has been…
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How the Proposed Cargo Fee Would Have Worked
LONDON, July 15 — A proposal to impose a fee of $1-2 per barrel of oil equivalent on…
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Shipping Groups Oppose Proposed U.S. Hormuz Strait Fee
LONDON, July 15 — The global shipping industry’s successful campaign to kill a proposed Strait of Hormuz cargo…
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Panama Canal’s Role in US Trade: 73% of Traffic Originates from or
MUMBAI, July 15 — For Asian shippers and energy buyers, the Panama Canal remains a narrow bottleneck with…
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Panama Canal Drought Cuts Transits as Gatun Lake Levels Drop
PANAMA CITY, July 15 — The drought that gripped Gatun Lake in 2023 and 2024 has quietly reshaped…
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Panama Canal Expansion 2016: $5.25 Billion Project Doubled Capacity
PANAMA CITY, July 15 — The shift is now a decade old, and it reshaped global trade. Ten…
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Defense, State, and Shipping Industry Oppose Fee Plan
WASHINGTON, July 14 — The proposed Strait of Hormuz cargo fee, a measure that would have taxed commercial…
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U.S. Proposes First Toll on Natural Strait, Breaking Century-Old Practice
PANAMA CITY, July 14 — The United States has a long history of imposing fees on international shipping…
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Data and Figures on Strait of Hormuz Shipping Traffic
TEHRAN, July 13 — The narrow waters of the Strait of Hormuz, a 33-kilometre-wide choke point at the…
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Strait of Hormuz Toll: Legal Basis, Enforcement, and Shipping Impact
MANAMA, July 13 — Against this backdrop of rising tensions in the Persian Gulf, the United States has…
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How a 20% Cargo Toll Would Work: Legal and Logistical Mechanisms
WASHINGTON, July 13 — A proposal to impose a 20% toll on cargo transiting the Strait of Hormuz…
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Oil Prices, Shipping Costs Rise as Global Supply Chains Disrupted
LONDON, July 13 — The oil tankers still move through the narrows, but each barrel now carries a…
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IMO urges action against shadow fleet exploiting maritime law gaps
LONDON, July 12 — The International Maritime Organization has urged member states to enforce safety and environmental standards…
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Azov Sea Shipping Halt Threatens Global Food Supply Chains
LONDON, July 11 — The mechanics of global grain trade are shifting once again, and the Azov Sea…
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Panama Canal Locks Lift Ships 85 Feet Above Sea Level
PANAMA CITY, July 10 — The Panama Canal Authority released new operational data today detailing the precise mechanics…
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Panama Canal Drought Reduces Daily Ship Transits, Strains Global Trade
PANAMA CITY, July 10 — On the banks of the Miraflores Locks, the scene is both familiar and…
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Ghost vessels evade tracking with fake flags and silent transponders
KUALA LUMPUR, June 30 — For communities across Southeast Asia who depend on clear seas for their livelihoods,…
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