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Suezmax tanker Marlin Santorini abruptly changed course Thursday afternoon to head around Africa on its journey from Houston to Asia, apparently to avoid the risk of getting caught in the growing tailback of vessels waiting to transit the Suez Canal. With no end in sight to the blockage of the vital waterway, the longer voyage around the Cape of Good Hope is starting to look more attractive.
The oil market is shifting rapidly away from the simple question of whether the Strait of Hormuz reopens.
View ArticleThe CMA CGM Peak Season Surcharge (PSS) rates applicable as from August 1st, 2026 (date of loading in the origin ports) until further notice:
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