Egypt’s Suez Canal to raise transit fees in 2023
Shipping containers pass through the Suez Canal in Suez, Egypt on February 15, 2022. [Photo/Agencies] CAIRO — The Suez Canal’s transit tolls will increase by...
Category : Transportation
Oil Tanker Rates Bubbling Up As Russia Disrupts Trade
(Bloomberg) –Benchmark oil tanker earnings topped $50,000 a day for the first time in more than two years as Russia’s invasion of Ukraine upends global...
Container Spot Rates Continue to Fall as Capacity Crunch Eases
By Mike Wackett (The Loadstar) – The capacity shortage that underpinned skyrocketing ocean freight rates for the past two years has ended and rates will continue...
What happened to Sea Surveyor?
Sea Surveyor was a converted coastwise passenger and freight vessel built in 1939. Before Electric Boat bought the ship in 1965, it plied the St....
Anti-Russian Sanctions Increase Transit Role of Georgia
The Western sanctions imposed on Russia due to its aggression against Ukraine include a ban on overland cargo transit through Russian territory. This situation has...
Poland opens new sea waterway to cut dependence from Russia
WARSAW, Poland — Poland’s top leaders celebrated the opening Saturday of a new — albeit unfinished — canal that they say will mean ships no...
How F1’s longest-standing global partner is helping reduce its carbon footprint
In 2019 Formula 1 announced the ambitious targets to have net-zero carbon footprint by 2030. While that might sound like an achievable task for a...
China bolsters links with Central Asian nations
Tangible benefits A China-Europe freight train leaves Wuxi in East China’s Jiangsu province and heads for Uzbekistan on Aug 13, 2022. [Photo/Xinhua] Central Asia, especially...
Global Economics Intelligence executive summary, August 2022
Amid mixed economic data, signs of slowing growth are proliferating. High inflation is eroding household budgets, leading to a decline...
Capesize Surges Propel Baltic Dry Index to Best Week in Seven Month
Sept 16 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its best week in over seven months,...