Bunker Grades Spot Prices Reach New Highs
Marine fuel 0.5%S soars March 1 to highest all-time levels across the region
Other bunker grades revisit 2013-2015 values
A recent news article published in the Platts states that spot prices for all bunker...
Verifying The Original Bill Carried In A Ship Is Challenging?
A recent news article published in the Gard states that One is the loneliest number – the enduring practice of the “on board bill of lading”.
A fundamental premise of international trade
An original bill which...
Only Spoiled Food and Medical Shipments To Russia, If This Happens
A recent news article published in the CNBC states that shipping delays may spoil food, medical shipments to Russia, Maersk says.
Shipments of food and medical supplies
Shipments of food and medical supplies to Russia risk...
Shipping To Be on High Alert in The NW Black Sea
NATO has issued a warning over the potential for collateral damage on civilian shipping in the north-west of the Black Sea and it also highlighted the risk of mines in this area, reports Bunker...
Internet Governing Board Won’t Cut Off Russia
The internet's primary international governing board has rejected Ukraine's request to cut Russia's connections to the rest of the world, reports NBC News.
Rejection of Ukraine's request
On Monday, Ukraine asked the Internet Corporation for Assigned Names and...
Steadily Ratcheted up Sanctions Alienates Russia from World Commerce
Boeing suspended maintenance and technical support for Russian airlines and U.S. energy firm Exxon Mobil said it would exit Russia, joining a growing list of Western companies spurning Moscow over its invasion of Ukraine....
Wake-up Call! 25% Rise In Anxiety And Depression Worldwide
In the first year of the COVID-19 pandemic, global prevalence of anxiety and depression increased by a massive 25%, according to a scientific brief, reports an article published on their website.
Increase in mental health...
War Disrupts Trade Routes
Importers from London to Warsaw will soon face higher shipping costs, longer delays and an obstacle course of sanctions to navigate as Russia’s widening assault on Ukraine complicates the movement of cargo between Europe...
Russian Firms Rush To Open Chinese Bank Accounts As Sanctions Bite
The Moscow branch of a Chinese state bank has seen a surge in inquiries from Russian firms wanting to open new accounts, a person familiar with the matter said, as the country’s businesses struggle...
Biden Targets Container Lines for ‘Overcharging’
US President Joe Biden’s State of the Union Address singled-out shipping lines as anti-competitive in raising freight rates by over 1000%, which the industry described as “unfounded” allegations, reports Seatrade Maritime News.
Capitalism needs competition...