A surge in demand is coming for diesel and related fuels as shipping companies close in on a deadline to reduce sulfur emissions.
June 15, 2018shipping News Updates
Stormy Sailing Expected When Cargo Ship Fuel Standard Changes
Blockchain on Verge of Revolutionizing Shipping Industry
Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents.
April 18, 2018Greek Shipper Bets $1 Billion on Fuel Rule Upending World Trade
A Greek shipowner is predicting new rules for marine fuel will put thousands of the worlds merchant vessels out of business in the next two years, roiling global trade. In fact, hes wagering $1.1 billion on it.
December 21, 2017UPS Says Deliveries Are Back to Normal After Shopping Surge
United Parcel Service Inc. says its gotten deliveries under control after a surge of online shopping caused some delays following Thanksgiving.
December 14, 2017Shipping Costs are Surging Globally
The cost of moving pretty much every dry-bulk commodity from fertilizer to salt to rocks has surged since July, lifting the London-based Baltic Exchanges main freight gauge to its highest in almost four years.
December 11, 2017Soaring Global Freight Costs Expected to Squeeze Traders, Boost Food Prices
Its getting more expensive to transport commodities around the world, threatening to squeeze profits for global traders and raise food prices.
December 5, 2017Shipping Billionaires are in a High Seas Arms Race
A shopping spree by two billionaires is shaking up a shipping industry still recovering from years of falling rates and overcapacity.
December 4, 2017Opinion: The 2017 Capacity Crisis: Past Lessons, Current Advice
Jeff Tucker, CEO of Tucker Company Worldwide, reviews lessons learned and offers current advice relative to the capacity crunch of 2017.
November 3, 2017Trump Waives Jones Act to Speed Up Aid Shipments to Puerto Rico
President Donald Trump ordered the Jones Act to be waived for shipments to hurricane-ravaged Puerto Rico immediately at the request of Governor Ricardo Rossello, White House press secretary Sarah Sanders said Sept. 28.
September 28, 2017Shipping Companies Expansion in Hawaii Could Go Bust for Some
When an established maritime company announced tentative plans last month to start a new domestic shipping line in 2020 to serve Hawaii, it said such service would provide market stability. But another possible result is a cargo capacity glut.
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