The Panama Canal Authority has increased the draft in the waterway to a maximum 50 feet and will allow 36 vessels a day to transit.

The Sounion was attacked while sailing through the waterway and suffered minor damage, its owner and operator Delta Tankers said.

Ahead of looming deadlines, it's unclear whether either situation will resolve in time to avert these twin crises, or how long any potential work stoppages might last.

The investment will contribute to the development of infrastructure, and play a vital role in boosting Pakistan's economy, said Pakistan’s Minister for Maritime Affairs, Qaiser Ahmed Sheikh.

It's hard to know whether peak shipping season started early, and trade volumes will level off soon, or if importers will continue bringing in more than usual.

Staring down the looming threat of a work stoppage at East/Gulf Coast ports, retailers have opted for earlier shipping schedules in 2024.

Houthi rebels have not claimed responsibility for the attacks, but have targeted at least 70 other ships in the Red Sea since October of 2023.

Thailand and other Southeast Asian countries have seen an influx of trash from developed countries, from dirty plastic to industrial and electronic waste.

The port plans expand its storage capacity for liquified natural gas, and set up corridors to provide that fuel to other shipping hubs across South Korea.

The union for Atlantic and East Coast port workers is planning to meet in September to look over its final contract demands.