Dry weather is set to force large oil tankers to completely stop using the Panama Canal, requiring the vessels to extend their voyages by thousands of miles, a shipping researcher said.

Unprecedented diesel prices mean that demand destruction for the fuel is probable, the International Energy Agency said.

Flip this ship. That’s exactly what some containership owners are opting to do, capitalizing on a hot ocean freight market that shows few signs of cooling off.

Whether it’s the price of hiring giant freighters to haul hundreds of millions of tons a year of iron ore and coal, or smaller carriers moving grains, there’s a theme emerging: dry- bulk shipping rates are rallying despite an escalating trade war that may yet damage China’s economy.

A group representing the vast majority of the world’s ship owners said world trade is at risk if issues surrounding new fuel rules aren’t resolved quickly, providing the starkest warning yet as to the potential impact of regulations that are due to enter into force in less than two years’ time.