The global fleet of container ships will reach 34 million TEUs in September
BIMCO estimates that capacity has grown by 42% in five and a half years, while the order book exceeds 14 million TEUs until the end of 2030
The disruption in the Strait of Hormuz is driving traffic in the Panama Canal to nearly reach its maximum capacity
Traffic through the Panama Canal is growing by 8% year-on-year to an average of 38 daily transits, according to BIMCO, with waiting times 50% longer.
Cosco reopens reservations to the Gulf as restrictions in Hormuz persist
The container shipping industry has begun to show a sign of greater confidence in the Persian Gulf after Cosco Shipping Lines announced the immediate resumption of new...