Consumers will see higher prices in the coming months at their retail and grocery stores as a result of the rise in black gold.
A falling trade-to-GDP ratio is a worrying trend for the shipping industry.
BIMCO says there are “several indications” that goods are being shipped from the Far East to Europe and then transshipped to the U.S. East Coast to avoid tariffs.
Carriers are set to withdraw more Asia-Europe sailings in Q4 as excess capacity drags on freight rates.
Hear from owner-operators and safety personnel to stay ready for the challenges of the road
