The recovery of Hormuz Strait Shipping is expected to take several weeks even after diplomatic efforts to end the recent Iran conflict, according to the head of one of the world’s largest tanker operators. Industry executives say shipping companies remain cautious about returning vessels to one of the world’s most strategically important maritime routes until…
Over the past several weeks, 200 ships have been stranded in the Panama Strait due to low water levels. The Panama Strait connects the Pacific and Atlantic oceans and is one of the world’s major waterways. According to foreign media reports, Panama is experiencing an extraordinary drought, the Strait of Panama depends on rainwater, but…
Iran seized an oil tanker in the Strait of Hormuz. The US Navy says that Iran’s Revolutionary Guards seized a Panamanian-flagged oil tanker in the middle of the Strait of Hormuz. It should be noted that this is the second incident of Iran seizing an oil tanker within a week. According to the US Navy,…
