China’s crude oil imports have doubled from 2011 to 2021 and now account for 20% of global seaborne crude oil volumes. While China’s January to May 2022 seaborne crude oil imports are down 2.2% y/y, a 51.4% m/m boost in imports from Russia has helped l…
China’s seaborne import of Russian crude jumps 51.4% in May Read More »
It’s been another bumper month for long-term contracted ocean freight rates, as the cost of securing container shipments climbed by 10.1% in June. Following on the heels of a record 30.1% hike in May, this now means rates stand 169.8% higher than this …
Xeneta: Long-term shipping rates shrug off uncertainty to rise again Read More »
Attention turned to the alliance following talks between the US and Iran disintegrated on Wednesday
Opec holds firm as uncertainty surrounds capacity for production rises Read More »
Attention turned to the alliance following talks between the US and Iran disintegrated on Wednesday
Opec stays the course with oil production increases Read More »
Capt. Brian McAllister, a prominent member of the American maritime industry and a true New York area maritime industry icon, has passed away.The following was posted on the mcallistertowing.com website:”It is with heavy hearts that we announce the pas…
Obituary: Captain Brian A. McAllister Passes Away Read More »