Government, Business, Fuel, Logistics

Dry Panama Risks Driving Large Oil Tankers Away From Canal

Dry weather is set to force large oil tankers to completely stop using the Panama Canal, requiring the vessels to extend their voyages by thousands of miles, a shipping researcher said.

Alaric Nightingale | Bloomberg News
November 6, 2023
Government, Business, Fuel

Diesel Demand Destruction Starting to Look Inevitable, International Agency Says

Unprecedented diesel prices mean that demand destruction for the fuel is probable, the International Energy Agency said.

Alaric Nightingale | Bloomberg News
November 15, 2022
Government, Business, Equipment

Frothy Cargo Market Spurs Vessel Owners to Flip Ships

Flip this ship. That’s exactly what some containership owners are opting to do, capitalizing on a hot ocean freight market that shows few signs of cooling off.

Alaric Nightingale | Bloomberg News
March 3, 2021
Business, Logistics

World’s Biggest Shipping Market Booms as Trade War Shrugged Off

Whether it’s the price of hiring giant freighters to haul hundreds of millions of tons a year of iron ore and coal, or smaller carriers moving grains, there’s a theme emerging: dry- bulk shipping rates are rallying despite an escalating trade war that may yet damage China’s economy.

Alaric Nightingale | Bloomberg News
July 6, 2018
Government, Business, Equipment, Fuel, Logistics

World Trade, Safety at Risk From New Fuel Rule, Ocean Shipping Group Says

A group representing the vast majority of the world’s ship owners said world trade is at risk if issues surrounding new fuel rules aren’t resolved quickly, providing the starkest warning yet as to the potential impact of regulations that are due to enter into force in less than two years’ time.

Alaric Nightingale | Bloomberg News
May 21, 2018