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A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, the Danish shipping giant said as low water levels have caused one of the world's main maritime trade...
A.P. Moller-Maersk will use trains to avoid the drought-hit Panama Canal for some of its vessels, the Danish shipping giant said.
Four oil tankers, including Toya, Diyyinah-I, Stolt Zulu, and Navig8 Pride LHJ, have changed their course to avoid the Red Sea after strikes by the US and Britain on Houthi targets in Yemen. The attacks were in response to the Houthi militia's attacks on ships in the Red Sea, escalating the Israel-Hamas war. The tankers, one being a very large crude carrier and the others fuel tankers, turned around mid-voyage.
At least four oil tankers have diverted course from the Red Sea since overnight strikes by the U.S. and Britain on Houthi targets in Yemen, shipping data shows.
Oil prices have risen to $80 per barrel for the first time this year due to the Red Sea conflict. Here's how it could impact international energy trade.