Costs
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Maritime News
Urals Oil Prices at Russian Ports Rise Amidst Cheaper Freight Costs
The discount for Russian Urals oil on a FOB basis for cargoes loading from the Baltic port of Primorsk in April narrowed to $15-$17 per…
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Maritime News
Hapag Issues Difficult Outlook Saying War is Creating Unsustainable Burden
Hapag-Lloyd became the first of the major carriers to offer a glimpse into the impact the industry faces as the…
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Maritime News
Coastal Virginia Offshore Project Costs Increases to $11.5b
Dominion Energy said on Friday the total project costs for the Coastal Virginia Offshore Wind have increased to roughly $11.5 billion from $11.2…
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Maritime News
Russian and Ukrainian Strikes Are Raising War Risk Insurance Costs
War risk insurance is one of the biggest factors affecting whether shipowners will trade in a conflict zone, and high…
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Maritime News
Hapag-Lloyd Pledges to Address Costs as Nine-Month Profit Drops 50%
German container shipper Hapag-Lloyd posted a 50% drop in nine-month net profit to 846 million euros ($989 million) on Thursday…
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Marine World
Hapag-Lloyd Delivers Solid Q3 as Gemini Costs Weigh on Earnings
Hapag-Lloyd AG delivered solid third-quarter results despite navigating volatile freight rates and a challenging geopolitical landscape, with the German shipping…
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Maritime News
Enbridge Misses Q3 Profit Estimates on Higher Capital Costs
Enbridge missed third-quarter profit estimates on Friday, pressured by higher financing costs from capital investments including U.S. gas utility acquisitions, sending…
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Marine World
China Port Fees Jack-Up Oil Tanker Costs and Cause Market Chaos
China’s retaliatory port levies are exposing oil shipping companies to hefty fees, making them scramble for relevant paperwork, and contributing…
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Marine World
Transport Costs Are Crushing Russia’s Coal Profits
In July 1989, coal miners in Russia’s Kuzbass Basin walked off the job in what would become one of the…
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Port News
Carbon costs hit shipping balance sheets as $50bn era looms
Carbon pricing in shipping is no longer an abstract regulatory concept — it’s a growing commercial cost that is reshaping…
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