Unlike containerships operating on fixed schedules tramp vessels will eschew transiting the waterway.
The stark reduction in slots will push many of the tramp vessels (including tankers and dry cargo ships) away from the Canal. This will lead to more ton mile demand and possibly changes in segment utilization as longer hauls may stimulate the use of larger vessels.
The Dubai Airshow showcased the aviaton sector's strong return to growth following the Covid-19 pandemic as airlines sealed multibillion-dollar deals for jets and signalled their confidence in the longevity of air travel demand.
Thailand will receive 300 billion baht ($8.46 billion) worth of investment from Amazon Web Services (AWS), Google and Microsoft.
The economic cooperation between the UAE and the Republic of Korea is witnessing continuous growth in many sectors and economic activities.