The tanker market remained in depressed levels throughout the month of August. According to the latest monthly report from OPEC, VLCC tanker rates remained at depressed levels in August, weighed down by ample tonnage availability and a lagging increase…
Tanker Rates Remain Depressed During August Read More »
Shipping companies that do not have a strategy to decarbonise are likely to be pushed out of the market as financing options become more expensive, according to Stephen Fewster, global head of shipping finance at ING Wholesale Banking. A member of the …
Decarbonisation a defining financing factor Read More »
COVID-19 has wreaked havoc on supply chains around the world, and shows little sign of abating after a surge in new infections across Asia has enforced a partial shutdown of one of the world’s busiest container ports – Ningbo-Zhoushan. Chin…
How Can Shippers Navigate A ‘Perfect Storm’ In Their Supply Chains? Read More »
Nicholas has caused less lasting damage than Ida, which halved US Gulf Coast fuel oil production last week. Tropical storm Nicholas hit Houston and other Texan ports without wreaking too much havoc this week. Port authorities and energy suppliers had s…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
Supply chain issues tied to liner shipping have been front page news throughout 2021; just about everyone agrees that there’s a problem. The underlying cause is right out of Economics 101: a surge in demand for moving containerized cargo, in…
Supply Chain Shocks: Ocean Shipping Challenges Abound Read More »