One of Russia’s most lucrative oil trade routes since the imposition of Western sanctions over the Ukraine conflict faces a major challenge because of the drawbacks of payment in currency other than dollars, with no short-term solution in sight.

Durban Warns It Could Take 15 Weeks to Clear Backlog as 60 Ships Wait

Three major Greek shipping firms have stopped transporting Russian oil in recent weeks in order to avoid U.S. sanctions now being imposed on some shipping firms carrying Russian oil, four traders told Reuters and shipping data showed.

As low water levels limit movement across the Panama Canal, a potential solution is in the works to mitigate the effect future droughts will have on the region.

The crisis at South Africa’s ports reached new levels of congestion, according to a number of reports.