Hoegh Autoliners ASA, an Oslo, Norway-based car carrier, said that a plan to impose fees on foreign ships calling at U.S. ports could cost the company as much as $70 million.
April 25, 2025Latest News Updates From Alex Longley
Auto Carrier Could Take $70 Million Hit From US Port Fees
Shipping Group Says Trump Port Fee Plan Will Hurt Economy
Bimco says a plan by the Trump administration to introduce fees on the use of Chinese commercial ships is likely to damage the U.S. economy.
March 19, 2025Volatility Retreats in Crude Oil Market
With OPEC+ set to make a pivotal decision on production policy, oil prices remain resolutely rangebound, even with a second Donald Trump presidency imminent.
December 4, 2024Oil Faces Rockiest Start to a Month Since 2022
Oil prices have seen their most volatile start to a month in almost two years as the spiraling tensions between Iran and Israel spur a bumper bout of volatility.
October 9, 2024IEA: Chinas Binge on US Fuel Is Biggest Oil Demand Driver
Chinese purchases of a relatively niche type of fuel from the U.S. have been the single biggest contributor to global oil demand growth in recent years, the International Energy Agency said.
June 14, 2024OPEC Says Oil Needs Monitoring Amid Summer Demand
Oil will need to be closely watched in the coming months to ensure a sound and sustainable market balance during an expected surge in demand, OPEC said in its monthly oil market report.
April 11, 2024Car Shipper Takes $10 Million Hit From Bridge Collapse
Wallenius Wilhelmsen ASA, one of the largest car shipping companies, said it expects a $5 million to $10 million hit to its earnings from the Baltimore bridge disaster.
April 3, 2024Daily Fuel Tanker Costs Eclipse $100,000 for Some in Red Sea
Some oil tanker earnings have soared above $100,000 a day as the disruption of shipments through the Red Sea persists.
January 25, 2024Ships Advertise Chinese Links to Avoid Houthi Attacks
At least five vessels transiting the Red Sea are using their signals to say they have links to China the latest unusual measure taken to try to avoid attack by Houthi militants in the Red Sea.
January 11, 2024Panama Canal Adds Extra Queue-Jumping Auctions
The Panama Canal Authority said it will add extra slots allowing ships to pay big premiums to transit the waterway, which has become congested due to an ongoing drought.
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