U.S.-Canada Tariff Dispute Escalates as 50% U.S. Tariffs Take Effect and Canada Plans Retaliation from September 8
U.S.–Canada trade negotiations have been suspended, followed by an escalation in tariff measures. On the evening of August 21, loc
Saudi VLCC Hit in Houthi-Claimed Attack as Red Sea Shipping Risks Escalate
On August 24, the Saudi VLCC Amzan was struck by an unidentified projectile approximately 63 nautical miles west of Yanbu, and a f
Iran Tightens Strait of Hormuz Transit Rules and Publishes List of Non-Compliant Vessels
Transit controls in the Strait of Hormuz have been tightened further. On August 23, local time, the Persian Gulf Strait Authority
Chinese Container Ship Reaches Murmansk for the First Time, Marking New Progress on the Arctic Route
A Chinese container ship has reached Murmansk, Russia, via the Northern Sea Route. According to Xinhua News Agency, NewNew Shippin
Panama Canal to Restrict Transits in September as Asia-U.S. Freight Rates Rise; Schedules and Costs May Be Affected
The Panama Canal’s latest transit restrictions have yet to be fully implemented, but the container shipping market has already beg
Saudi Crude Shipping Routes Shift North to Avoid the Bab el-Mandeb as Red Sea Shipping Routes Change
Shipping risks in the Red Sea continue to have wider effects, driving a major shift in Saudi crude transportation routes. Tankers
