Diesel costs are reaching new highs across the U.S., straining the operations of trucking companies and wrecking the transportation budgets of businesses that need to ship goods. The price of Continue Reading
Brussels has shelved its plans to ban the EU shipping industry from carrying Russian crude as it struggles to push through its latest sanctions package because of anxiety among some Continue Reading
Shipping group Maersk (MAERSKb.CO) made its last cargo shipment to a Russian port this week and took impairment losses and writedowns of $718 because of Russia’s invasion of Ukraine, the Continue Reading
Port congestion in China is prompting more vessels to refuel at the country’s ports as the worsening Covid-19 outbreak forces the reconfiguration of shipping routes. China supplied 4.9 million metric Continue Reading
The dramatic surge in commodity prices has sparked a boom in shipping stocks. Crude tankers and container-ship stocks are soaring. Runaway inflation and supply chain disruptions are pushing commodity prices Continue Reading
Container and bulk ships are skipping Asia’s largest refueling hub in Singapore as delays at ports in China and elsewhere prompt vessels to reschedule their stops to save time. A Continue Reading
Leaking Methane Makes LNG-Powered Ships Dirtier Than Fuel Oil Methane leaks from ships using liquefied natural gas as fuel make most of the vessels dirtier than ones using diesel or Continue Reading
It now costs more than $348,000 a day to charter an oil tanker from the port of Primorsk to northwest Europe. Daily earnings for tankers shipping oil from Russia’s Baltic Continue Reading
Bulk carrier positions as of April 11 mapped in yellow Dotting the sea off Chinese ports are 477 bulk cargo ships waiting to deliver resources from metal ore to grain Continue Reading
Russia’s invasion of Ukraine has pushed many Western countries to ban Russian crude. As a result, Russia’s massive fleet of oil tankers is being shunned by traders. With fewer tankers Continue Reading
