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Global Gateways: Page 2
Panama Canal Reports 4.1% Bump in Transits in FY2026
The Panama Canal handled 13,951 transit in FY2026, compared to 13,404 in FY2025, driven by strong performance from energy and container ship segments.
German Rail Struggles With Rhine Diversions
While rail is handling a substantial share of displaced volumes, due to the ongoing rail construction in Germany, rail cannot replace the Rhine one to one yet.
Port of Long Beach Caps Off Historic Month for Southern California Cargo
The port handled 997,177 TEUs in September, beating the previous record of 987,191 TEUs set in October 2024.
Hormuz Attacks Against Commercial Shipping Reach Record Highs
UKMTO identified attacks against 12 vessels in and around the strait between October 5 and 11, the most ever tracked in the region in a single week.
Port of Savannah Approved for New 3.5M TEU Terminal
Construction for the $2.3 billion project will start in January 2028, and is expected to wrap up sometime in the mid-2030s.
Arctic Shipping Ambitions Run into Cold Reality
The Northern Sea Route offers faster voyages between Asia and Europe, but high costs and environmental risks make it a tough sell for carriers.
Bulgaria Points to Russia as Drones Hit More Cargo Ships
The strikes on two cargo vessels on October 13 add to a series of more frequent attacks on ships in the western part of the Black Sea.
South Korea Completes First Trial Through Northern Sea Route
South Korea is reportedly planning additional trials through the Arctic route in 2027 for container ships and automobile carriers.
Port of Los Angeles Logs Busiest Month Ever in September
Seroka credited the strong quarter to resilient consumer demand and importers who have continued to aggressively replenish inventories.
Saudis Plan More Oil Pipe Capacity for Export Resilience
Within eight weeks, state producer Saudi Aramco could add 1.2 million barrels a day of extra capacity by using an existing natural gas pipeline to carry crude.
Saudis in Talks to Formalize Hormuz Shuttles in Fight for Market
Previously, the Saudi company generally wasn’t involved in arranging the shipping.
Oil Shipping Costs Reach Dizzying New Highs on Hormuz Snarls
It now costs $77 million to hire a very large crude carrier to move U.S. oil to Asia, according to data from the Baltic Exchange.
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