The Panama Canal remains the preferred route for vessels trading between the Atlantic and Pacific Oceans. However, recurring drought conditions associated with the El Niño phenomenon have repeatedly reduced water availability in the Canal’s watershed, forcing...

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    On the second day of SMM 2026, the world’s leading maritime industry trade fair in Hamburg, Deltamarin Ltd. and Offshoretronic S.L. formally announced the signing of an Exclusive Engineering Consultant Agreement to develop the world’s largest jackup...

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  US ultra low sulfur diesel prices reached record highs on Sept. 1, driven by a confluence of global supply constraints, geopolitical tensions and record-breaking US exports.   Platts, part of S&P Global Energy, assessed the US Gulf Coast Colonial...

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    Venezuelan Interim President Delcy Rodriguez said Aug. 29 that a newly signed binational oil agreement with the US targets production of more than 1.5 million b/d from 17 strategic fields over a 25-year term.   Rodriguez, speaking in a televised...

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  Persistent congestion in the Danube River has been lowering vessel availability in the Black Sea, particularly for smaller general cargo tonnage, while also affecting some dry bulk vessels. Prolonged delays are likely to keep regional freight rates high...

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