California Ports’ Improved Velocity, Risky After China Covid Outbreak
A recent Freight Wave article by Greg Miller asks Is this the calm before California ports’ next cargo storm?
Some relief from supply chain bottlenecks
Finally, some relief from supply chain bottlenecks for the besieged ports...
Russian Crude Faces Dearth Of Buyers Following Sanctions
Russian producers seek ways to offer financial support
Payment concerns grow, China takes a step back
North Asian refiners under pressure to cut runs
A news article published in the Platts states that North...
Evergreen In For 24,000 teu Ships At Hudong-Zhonghua
Evergreen Marine has returned to CSSC-affiliated Hudong-Zhonghua with a new shipbuilding contract for the construction of three more 24,000 teu containerships, says an article published in Splash247.
About Contract
The Taiwanese carrier said it will pay...
ECSA Supports Controversial Amendment For Recycling Of EU-Flagged Vessels In South Asia
Sea Sentinels claims that ECSA supports a controversial proposed amendment to the EU’s Waste Shipment Regulation that would effectively make it possible to recycle EU-flagged ships at non-OECD shipbreaking facilities in South Asia, says...
It’s No Accident, Amazon Prime Memberships Now Harder To Cancel!
Cancelling your Amazon Prime membership is getting increasingly difficult, a new investigation has shown, and it doesn't seem to be happening by accident, reports TechRadar.
Project Iliad
Internal documents shared within Amazon detail the so-called ‘Project...
Fujairah Marine Fuel Sales Drop To Lowest in A Year
Sales of marine fuel in the United Arab Emirates' Fujairah marine refuelling and oil storage hub dropped 5% in February, slumping to their lowest in the last year, reports Reuters.
Bunker sales decline for fourth...
Bunker Industry Braces for Life Without Russian Oil?
The bunker industry is preparing to cope with the once-unimaginable problem of going without Russian oil as the war in Ukraine increasingly prompts the West to shun the Kremlin's energy exports, reports Ship&Bunker.
Bunkering firms...
[Infographic] Sanctions on Russian Energy & Commodities
Russia's invasion of Ukraine has triggered an unprecedented wave of sanctions against Moscow which are rippling through global commodity markets, reports Platts.
In addition to official sanctions which continue to evolve, major self-sanctioning by industries...
Drewry Index Falls Below $9,000/feu for the First Time Since July
Drewry’s World Container Index, a global average of spot freight rates, dipped below the $9,000 per feu level today for the first time since July. However, analysts caution it is still too early to...
China’s Hardening Restrictions Questions Its Zero COVID Policy
China's public health governance is expected to come under acute pressure.
China has reported more new local symptomatic cases - more than 14,000 - than in all of 2021.
The northeastern province of...