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It is 21 miles (33 km) wide at its narrowest point, with the shipping lane just 2 miles (3 km) wide in either direction. WHY DOES IT MATTER? About a fifth of the world's total oil consumption ...
Harry Banga's Caravel Group is making waves in the dry bulk shipping worldwithout saying much. As of June 12, Caravel now owns over 672 million shares of Pacific Basin (), pushing its stake to just ...
According to Marine Insights, the ten busiest and most important crude oil shipping routes are: 1. Hormuz Strait. This is the most critical oil shipping route. It handles about 21 million barrels of ...