The Biden administration is working closely with partner countries over sanctions on a Russian liquefied natural gas project in the Arctic as a January deadline looms on a wind down of transactions with the plant, a State Department spokesperson said o…
US Working with Allies Over Sanctions on Russian Arctic LNG Project Read More »
Tanker market rates have erupted, as a result of the increase in geopolitical tensions in the Mediterranean region. In a recent weekly report, shipbroker Intermodal said that “in a week characterized by a 1.8% drop in Brent crude prices and a slight 0….
Tanker Rates Erupt in Tandem With Geopolitical Tensions Read More »
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships owned by Greek and Chinese shipping companies contribute 34% of the total fleet’s deadweight tonne capacity,” …
Greek and Chinese companies own 34% of the global fleet’s cargo capacity Read More »
During the second week of November, freight rates showed a weaker outlook due to the lack of adequate support from demand growth rates. Additionally, the number of ballasters for Capesize vessels in Southeast Africa has notably increased over the past …
Rates plunged by one-third from a year ago, but Rhode Island operator battered the Baltic
Black ink on ice: Pangaea Logistics just keeps turning profits in weak market Read More »