Avelios And Crestline Form A Joint Venture In The Boxship Market

Avelios Asset Management, located in the United Kingdom, and Crestline Investors, based in the United States, have teamed up to purchase two scrubbed-fitted, 2,500 teu container feeder boats from London-listed Tufton Oceanic Assets as...

Cheniere And Engie Have Agreed To Extend Their Partnership

The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee. Long-term agreement on low carbon solutions. This SPA reflects the importance of a...

Middle Distillates Rebound From A Historic Low

Stockpiles were 3.1% higher than this time last year, the data provided exclusively to S&P Global Commodity Insights shows. Middle distillates include jet fuel, gas oil, diesel, marine bunker gas oil and kerosene. ...

Never Had COVID? You Are More Likely To Develop Diabetes!

People who recovered from COVID-19 are more likely to acquire diabetes, according to a recent study, even if their case was minor as reported by Local12. Diabetes  Researchers studied over 36,000 persons who had been diagnosed...

Russia’s Offensive Continues Amid Optimism Over Talks

Russian forces destroyed a theatre in Mariupol and rained fire on other cities. Ukrainian authorities said, even as the two sides projected optimism over efforts to negotiate an end to the fighting. The...

US Launches Major Supply Chain Initiative

The Biden-Harris Administration and U.S. Department of Transportation announced the launch of a major supply chain initiative, Freight Logistics Optimization Works (FLOW). FLOW is an information sharing initiative to pilot key freight information...

Fed’s High-risk Efforts To Fight The Worst Inflation

The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year, reports...

Crude Oil Futures Higher As Market Weighs Impact Of China Lockdowns

Crude oil futures were higher in mid-morning trade in Asia March 16. The prospect of lengthy lockdowns in Chinese cities may cast a shadow over crude oil prices. Iran nuclear deal seems to...

Ukraine Recommends To Reduce The Number Of Ship’s Crew In Ports

Ukraine has recommended reducing the number of ship’s crew for vessels currently located in the ports of Ukraine to the minimal safe number to keep vessels operational. Seafarers should proceed in an organized...

WTO Chief Welcomes COVID Shot Patent Plan, Drugmakers Balk

The World Trade Organization (WTO) praised a provisional deal to waive patent rights for COVID-19 vaccines after more than a year of deadlock, though drugmakers said the move risked undermining the industry's ability to...