Oil traders are hiring expensive U.S. vessels, normally only used for domestic shipments, to store gasoline or ship fuel overseas, five shipping sources said, in a sign of the energy Continue Reading
Highlights Platts Analytics sees spread hitting scrubber installations this year Stolt-Nielsen, others signal scrubber investment re-evaluation Long-term logic at odds with near-term price squeeze on fuel price spread London — Continue Reading
Loads that would have paid $1,000 last month, when a rush to restock grocery stores briefly lifted business, now fetch $300 or less, he said. That isn’t enough to cover Continue Reading
The ships provide big operating-cost savings on major trade lanes in periods of high demand, but critics say they also box in ship owners, giving them little flexibility to shift Continue Reading
Virginia is home to the sixth-largest container port in the U.S., part of a sprawling facility that also includes the world’s largest naval base, ship repair services and dry-bulk berths Continue Reading
India is showing the world what a broken food supply chain under coronavirus restrictions looks like. Two weeks into the world’s biggest lockdown, the people who move the essentials from Continue Reading
The port backups that have paralyzed food shipments around the world for weeks aren’t getting much better. In fact, in some places, they’re getting worse. In the Philippines, officials at Continue Reading
Maritime data provider Alphaliner said in a report Wednesday that shipping lines have withdrawn vessels with capacity totaling about 3 million containers in efforts to conserve cash and maintain freight Continue Reading
The cutbacks are a sign of the varied impact coronavirus-driven restrictions are having on different parts of the U.S. economy. Supermarket chains and retailers with strong online operations are wrestling Continue Reading
Sea-Intelligence estimates the biggest international carriers will see combined losses ranging from $800 million to $23 billion this year, depending on how they manage the economic impact from widespread coronavirus-driven Continue Reading
