It took longer than expected, but the IMO 2020 investment pitch — save on ship fuel by installing scrubbers — is paying off big time.
Without sanctions, tankers will keep loading Russian oil. ‘We’re not taking a moral high ground,’ says Frontline’s CEO.
First came a pause in cargo bookings to Russia. Now, ocean carriers have halted almost all of their Russian port calls.
Container-ship transits of the Panama Canal are up as liners favor the East Coast. LNG transits are down as U.S. gas heads to Europe.
Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.
The future of global supply chains is in flux. The pandemic was a game changer. Then came the war.
Charter rates hold steady at their peak as the seemingly neverending container shipping boom continues.
U.S. LNG cargoes were already flooding toward Europe months before the new deal. Real progress seems years away.
Some shipping shares are rising because of war tailwinds. Others are rising despite war headwinds.
Cost of shipping crude oil remains cheap, but tanker rates could jump if the war doesn’t end by fall.
Ship-position data shows a fleet of LNG carriers en route to Europe amid scramble to bolster energy supply.
Invasion and price spikes could destroy demand, weaken consumer confidence and curb cargo volumes, warns BIMCO.
The cost of the fuel consumed by the world’s commercial ships has skyrocketed — and it’s still rising.
Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.
Container lines and tanker owners rapidly and preemptively suspend business with Russia.
Tanker and dry bulk trades could be disrupted; container shipping faces heightened risk of cyberattacks.
An attack on Ukraine could hike costs for shipowners and cargo shippers across the globe.
