Hedge Funds’ Ultra-Bearish Oil Bets Signal US Recession Angst
Derivative traders engaged in oil and fuel price contracts are currently exhibiting a level of bearishness that hasn't been seen in over a decade....
Toro Corp. Announces The Sale Of The Wonder Polaris And Wonder Bellatrix
Toro Corp. an international energy transportation services company, announces that on May 18, 2023 and on May 12, 2023, the Company entered into two...
Airseas Achieves Milestone with Successful Traction Flights
“This achievement is extremely exciting for the entire team. It is also a turning point for our commercial development and progress towards large-scale production,”...
Crude Oil Outlook Dims on Debt Limit And Recession Risks
Oil prices rebound during the week, but the near-term outlook remains somewhat bearish
Uncertainty over crude oil demand and stalled U.S. debt ceiling negotiations create a negative...
Jefferson High Magnet Program Brings More Women To Field
For countless generations, men have steered ships carrying cargo and passengers around the globe. Guiding a ship is something Jordan Washington never dreamed of...
France, US, and UK Flex Naval Muscle in Persian Gulf Standoff
The commanders of the US Navy's 5th Fleet, along with their counterparts from the UK and France, conducted a naval trip on the USS...
When Measuring Markets Gets Tricky
The double-digit declines keep piling up for container shipping. The Port of Long Beach said Friday that April imports fell 22% from the year...
Two Multinational Anti-Piracy Task Forces Train Together in Gulf of Aden
Ships from the South Korean and Italian navies sailed together and conducted combined training in the Gulf of Aden, May 17, while operating under...
Port of Los Angeles Shipping Volumes Fell 22% Year-on-Year
Cargo volumes at The Port of Los Angeles during April 2023 were down 22% compared to a year earlier, although volumes have been rising...
Panama Canal Imposes Shipping Restrictions Amid Severe Drought Conditions
A severe drought affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the...