Global Shipping
7 stories related to this topic, newest first.
nationalobserver.comEnergy Supply Chains Need Several Months to Recover From Conflict
The chief executive of Saudi Aramco said that even in the most optimistic scenario, energy and commodity supply chains will require several months to return to pre-conflict traffic levels. Vessels are re-routing or remaining idle as they adjust to the situation. The assessment wa…
Financial Times**Panama Canal Daily Transits Rise 20 Percent Since Start of Iran War**
Daily transit operations through the Panama Canal have risen 20 percent since the start of the conflict with Iran, according to the canal manager. The increase has lifted revenues by as much as 15 percent. Officials said the war is permanently reshaping global trading routes.
The Washington PostUS Escorts Ships Through Strait of Hormuz; Iran Attacks UAE Oil Facility
US forces guided two merchant ships through the Strait of Hormuz amid ongoing tensions, while Iran launched a drone strike on a UAE oil facility, injuring three people. The actions tested a shaky ceasefire, with oil prices rising and global markets reacting. UN officials urged a…
abcnews.go.comOil Tanker Arrives in California
The final oil tanker to navigate the Strait of Hormuz since the start of the U.S.-Iran conflict has docked at the Port of Long Beach, delivering two million barrels. California faces potential fuel shortages as Middle East imports halt, prompting lawmakers to demand an emergency…
NewsweekU.S. Intercepts Iranian Shadow Fleet Vessel Amid Sanctions on Oil Buyers
U.S. forces intercepted the M/V Sevan, a sanctioned vessel in Iran's shadow fleet, in the Arabian Sea as part of a blockade enforcing sanctions on Iranian ports. The Treasury Department also sanctioned a Chinese refinery and about 40 shipping entities for facilitating Iranian oil…
citizen.co.zaTrump Cancels US Envoys' Trip to Pakistan Amid Stalled Iran Ceasefire Talks
President Trump cancelled a planned trip by envoys Steve Witkoff and Jared Kushner to Pakistan for indirect talks with Iran, following Iran's refusal of direct negotiations. The move came as Iran's foreign minister departed Islamabad without breakthroughs, despite an ongoing ceas…
Substrate placeholder — needs reviewRecord Number of Oil Tankers Head to US Gulf Coast for Loading
Shipping data indicates 171 crude oil tankers are en route to the US Gulf Coast, exceeding the typical monthly figure of 110. This increase occurs amid global energy supply challenges in Europe and Asia. US crude exports are projected to rise to 5.2 million barrels per day in Apr…