Tankers are loading up on American crude, diesel and gasoline exports. Can the free market withstand political pressure?
Amsterdam airport lost a major cargo customer because of Russia’s invasion of Ukraine.
Russian airline Volga-Dnepr is trying to revive its fortunes, and the Russian economy, with a new air logistics deal with Moscow.
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.
The U.S. military has tapped private cargo airlines to ferry weapons for Ukraine to Poland.
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.
“Higher shipping costs hit prices of imported goods at the dock within two months and quickly pass through to producer prices — many of whom rely on imported inputs to manufacture their goods,” IMF researchers wrote.
Retail stock pickers seem increasingly nervous about shipping. Shares of dry bulk, tanker, container and mixed-fleet owners all fell.
Air Lease Corp. is writing off $800 million worth of aircraft it can’t reclaim from Russian airlines – another reason leasing could be more expensive.
The U.S. government is preventing the sale of any item to a Russian cargo airline it accuses of flying U.S.-made aircraft in violation of sanctions.
Volvo reported record Q1 truck sales despite ongoing supply chain interruptions. The company took a $423 million charge for suspending Russia business.
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.
Fuel supplier Pilot Company raised $1 million for Save the Children’s efforts in Ukraine through round-up donations at travel centers and restaurants.
Swedish truck maker AB Volvo halted its business in Russia because of the invasion of Ukraine. Now it is counting the cost.
Relief efforts are ‘proving extremely challenging’ for those stuck on 140 vessels in the conflict zone.
The air cargo market turned negative in March, after a strong February, because of the Ukraine war. Analysts say inflation and lower export orders could signal less shipping activity ahead.
RH confirms sharp drop in demand since Russia-Ukraine war and sees no supply chain relief.
Charter rates hold steady at their peak as the seemingly neverending container shipping boom continues.
