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Despite recent price surges, a group of major oil producers has agreed to extend production cuts for another month, choosing to limit supply until the

Shipping experts now believe that major port and landside congestion at US west coast ports could last until the summer peak season, according to recent

This week alone, more than 40 cargo ships were lined up off the coast of Los Angeles and Long Beach in a new sign of

Even though the pandemic is raging on, shocks to supply chains are engulfing a wider swath of the global economy. It is predicted that auto

The unpredictable levels of containerized cargo movement that have driven freight rates sky-high will not likely end soon, according to a top Maersk executive. The

The tanker market entered 2021 with renewed optimism, despite estimates of the opposite following 2020 data. In VLCC market’s latest report, there was hope in

According to Copenhagen-based Sea-Intelligence, average global carrier schedule reliability across 34 trade lines fell to just 50.1% last month. November 2020 is the worst global

The Inter-American Tropical Tuna Commission (IATTC) held a special session on Dec. 22 and agreed to a rollover of its existing quotas for tropical tuna

After an inconclusive meeting last week at the International Maritime Organization (IMO), ship owners still have to contemplate their future plans in the fuels arena.

As predicted, the ongoing COVID-19 pandemic is driving up the cost for crew changes. With airfare costs on the rise and quarantine restrictions in place,

As major shipping companies prepare to release their Q3 results, there are very few alarm bells ringing that the industry is suffering any great impact

High uncertainties regarding COVID-19 and the economic recovery continue to weigh on the fuel market and global bunker prices. The world still has a lot