Dwell times at the port have stabilized across the board, having returned to their pre-closure levels with full capacity now restored to the port. 

Red Sea diversions have had many carriers pulling shipping schedules forward in anticipation of future disruptions in the region, but that is unlikely to last.

Rebuilding the span will take more than four years and cost up to $1.9bn, state authorities in Maryland have said.

The SCF Primorye was sanctioned by the U.S. Treasury’s Office of Foreign Assets Control in October, after which it didn’t load oil again for about six months.

The World Bank added 57 new ports to the index this year, and South African harbors took up the last two spots with the Port of Ngqura coming in at 404th.

Leaders in Washington, D.C. have been striving to broker a cease-fire deal in Gaza for several months, with limited success.

Solo Lite has global coverage in more than 186 countries, and includes a more environmentally-friendly non-lithium battery-powered option. 

Police cleared traffic, cyclists and pedestrians from the eight-lane bridge before the ship arrived, keeping it closed for 10 minutes as the ship steamed underneath, authorities said.

This is the second time in about a month Maersk raised its forecast as the world’s supply lines are suffering from a number of disruptions.

As of May 26 — and for the first time in all of 2024 — water levels for Gatun and Alhajuela Lakes are above the mark recorded on the same date in 2023.