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Iran has freed the Chevron-chartered oil tanker Advantage Sweet after more than a year of detainment, signaling a potential thaw in tensions. Our data shows the Marshall Islands-flagged vessel anchored near the United Arab Emirates port of Khor Fakkan on Monday (15). 

The Suez Canal, a vital artery for global trade, has faced a significant downturn in transit receipts in the first quarter of 2024, and according to a statement released Monday by the Central Bank of Egypt (CBE), the canal's transit receipts plummeted by 57.2 percent, amounting to 959.3 million U.S. dollars. This sharp decline highlights the challenges facing this crucial maritime route.

On July 1st, 2024, an incident occurred at the Port of Baltimore involving the MV Bellavia, a 965-foot cargo vessel flagged by Liberia. Shortly after departing the Seagirt Marine Terminal, the Bellavia experienced a brief loss of power. The ship was unable to maintain course and promptly returned to its berth.