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The Panama Canal Has Become a Traffic Jam of the Seas
Business

The Panama Canal Has Become a Traffic Jam of the Seas

More than 200 vessels are stuck on either side of the waterway as a serious drought cuts crossings. Source link

Iranian Oil Is Stuck off Coast of Texas, but U.S. Firms Won't Touch It
Business

Iranian Oil Is Stuck off Coast of Texas, but U.S. Firms Won't Touch It

Companies that manage unloading tankers say they are too worried about Iranian reprisal to handle the captured oil on the Suez Rajan. Source link

Retailers Reaping Big Savings on Ocean Transport Costs
Business

Retailers Reaping Big Savings on Ocean Transport Costs

Container lines are slashing thousands of dollars from contract rates in a bid to fill up ships. Source link