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While sailing through the Strait of Magellan adds distance and fuel costs, its toll-free passage offers shipowners another option when constraints elsewhere drive up delays and transit costs.

At least 50 shadow fleet oil tankers and 18 LNG carriers were seen traveling the NSR between mid July and mid September.

Seven of the vessels were attacked near the narrowest part of the Strait of Hormuz, while it remains unclear where the eighth attack took place.

In late August, a joint team of Coast Guard and FBI personnel boarded the VL Prosperity after it lost communications.

It was Núñez’s decision over the Chinese-owned Chancay port that sparked some of Washington’s most direct criticism yet of Peru’s close ties with China.

According to Kpler, roughly 40% of oil from Gulf states now leaves without crossing through the Strait of Hormuz.

The bunkering of the dual-fuel Tangier Maersk took place in Houston, Texas, with the ship receiving U.S.-made corn ethanol.

A group of maritime transportation stakeholders warned the USTR's planned fees "would add another cost layer to an already strained transportation system."

Rainfall at the canal has reportedly returned to close to average levels, with Gatun Lake rising from 84.04 feet on September 1, to 84.74 feet on September 27.