maritime shipping

Panama Canal auction fees hit record $1.1M amid Iran war, El Nino

The cost of transiting the Panama Canal has surged to record levels, with average winning auction bids reaching about $1.1 million this month — more than 16 times the level seen during the same period last year — as the…

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Oil from grounded Russian tanker reaches Oman’s mainland as spill spreads

Oil leaking from a grounded Russian crude tanker off Oman's coast has reached the mainland, the United Nations' International Maritime Organization confirmed on Wednesday, as the spill rapidly escalates into one of the worst marine environmental disasters in recent years.