Latest News Updates From Alex Longley

Government, Business, Equipment, Logistics

Auto Carrier Could Take $70 Million Hit From US Port Fees

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, 2025
Government, Business, Logistics

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, 2025
Government, Business, Fuel

Volatility 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, 2024
Government, Business

Oil 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, 2024
Government, Business, Fuel

IEA: 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, 2024
Business, Fuel

OPEC 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, 2024
Government, Business, Equipment, Safety, Logistics

Car 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, 2024
Government, Business, Safety, Fuel

Daily 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, 2024
Business, Safety, Logistics

Ships 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, 2024
Business, Logistics

Panama 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.

November 27, 2023