The Great Reroute: Cape Becomes Default Route—Again
Second Cape reroute in two years forces carriers away from Suez, piling 19 additional transit days and $2B+ weekly cost increments.
Second Cape reroute in two years forces carriers away from Suez, piling 19 additional transit days and $2B+ weekly cost increments.
Performance Shipping orders two 158,000 DWT Suezmax tankers from CSSC/Shanghai Waigaoqiao for $81.5 million each. Deliveries scheduled October 2028 and May 2029.
Maersk and CMA CGM abandon Suez Canal sailings, reroute around Cape of Good Hope. Westbound transits add 19 days versus Suez; industry faces déjà vu of 2024 crisis.
Trump announced potential Navy tanker escorts; US Navy told shipping leaders 'no chance' within 24 hours. Navy cites lack of available vessels for sustained operations.
MSC suspends all Middle East cargo bookings. 10% of global container fleet stranded. Daily port bookings drop 81% as Hapag-Lloyd and CMA CGM impose emergency surcharges.
Legendary tanker operator joins DHT board amid record rates. Is consolidation coming to the VLCC market?
Zero bids for 1M acres of Cook Inlet leases despite $90+ oil. Industry's final verdict on Arctic economics.
Canal revenue up 8-10%, beating forecasts and trade war predictions. Is global chaos actually good for Panama?
Middle East producers are silently shutting down millions of barrels per day. Nobody's talking about it yet.
Second Cape reroute in two years forces carriers away from Suez, piling 19 additional transit days and $2B+ weekly cost increments.
Second Cape reroute in two years forces carriers away from Suez, piling 19 additional transit days and $2B+ weekly cost increments.
EU’s 43 new shadow fleet designations, US vessel seizures, and Arctic Metagaz sinking signal shift to predictive sanctions enforcement.
Qatar’s force majeure declaration after drone attack on Ras Laffan threatens 20% of global LNG supply, exposing critical vulnerability in Europe’s energy strategy.
A week of Strait closure triggered 90% tanker traffic collapse and 86% overall decline, forcing insurers to redefine risk models.
Legendary tanker operator joins DHT board amid record rates. Is consolidation coming to the VLCC market?
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