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Marine World
Venezuela Spot Oil Sales Snarled by Surging Freight Costs
Sales of Venezuelan oil for loading in October stalled after a surge in shipping costs muddled negotiations between the country’s…
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Marine World
Trump Pushing for Diesel Export Ban Amid Surging Fuel Prices
By Josh Wingrove and Jennifer A. Dlouhy (Bloomberg) — President Donald Trump said he’s encouraged his advisers to support a ban…
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Marine World
Surging Tanker Rates Signal Deepening Global Energy Crisis
Global tanker freight rates are surging to record levels with little respite in sight, a sign of the growing strain…
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Marine World
UN Report: Shipping Faces Perfect Storm of Stalled Growth, Longer Routes, and Surging Costs
Global maritime shipping is sailing into troubled waters as seaborne trade growth is forecast to slow dramatically to just 0.5…
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Port News
Surging VLCC rates propel ClarkSea Index to two-year high
Surging VLCC rates have seen the cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership, and gas carrier…
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Port News
NATO warns of surging state-linked cyber threats targeting ports
Ports are facing a deluge of cyber attacks from state-backed hackers, according to a new policy brief from NATO’s Cooperative…
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Marine World
Surging UK Shipping Costs Threaten to Deliver a New Price Shock
The cost of shipping goods from China to the UK has surged due to ripple effects of the US trade…
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Port News
Liners confident of pushing through rate rises on surging transpacific business
Liner executives are reporting a dramatic pick-up in box bookings between China and the US this week as a 90-day…
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Marine World
Surging Container Imports Signal U.S. Economic Strength
The nation’s ten largest ports recorded a 14.2% year-over-year increase in inbound container volume in December, continuing a fifteen-month streak…
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