By Michelle Nichols UNITED NATIONS, April 11 (Reuters) – No ships were inspected on Tuesday under the Ukraine Black Sea grain deal “as the parties needed more time to reach an agreement…
https://gcaptain.com/ships-inspections-slow-as-black-sea-grain-deal-negotiations-continue/
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U.S. imports showed signs of life in March, rebounding from February, but the outlook remains highly...
https://www.freightwaves.com/news/us-imports-bounce-back-in-march-despite-dwindling-china-cargo
To get Platts OPEC+ survey sooner, join Platts Dimensions Pro . Crude oil production from OPEC+, a coalition of OPEC and other oil producers, fell by 300,000 b/d in March as sanctions hit Russian output, the latest Platts survey by S&P Global Commodity Insights from April 11 found. OPEC production...
By Sharon Cho (Bloomberg) — The price of Russian oil is nearing a threshold that could create complications for the country’s biggest buyers. The Group of Seven nations last year imposed…
https://gcaptain.com/russias-flagship-oil-is-moving-ever-closer-to-60-a-barrel-price-cap/
Participants in the Atlantic Supramax dry bulk freight market said they expect rate spikes on all routes going into the second qurter of the year, despite weak demand in the first three months of the year, amid trading volatility as supply-demand imbalances persist in the basin. The US Gulf Coast...
Logistics software provider Descartes Systems Group has released its April Global Shipping Report, revealing a significant increase in U.S. container import volumes in March 2023 compared to February 2023, keeping…
https://gcaptain.com/descartes-container-imports-continue-to-track-at-pre-pandemic-levels/
Boston-based maritime freight management solutions provider Veson Nautica has announced its intention to acquire vessel valuation expert VesselsValue, as consolidation in the market for maritime data continues. The acquisition will…
https://gcaptain.com/maritime-data-market-consolidation-continues-as-vesselsvalue-acquired-by-veson/
Scorpio Tankers Inc. (NYSE: STNG) announced on Tuesday that it has exercised its purchase options on six ships and has also repurchased additional common shares in the open market. In…
https://gcaptain.com/scorpio-tankers-purchases-more-ships-and-shares/
By Mike Wackett (The Loadstar) – The first evidence of the depth of the liner shipping freight rate correction comes with the Q1 operational numbers for OOCL, which revealed a 58%…
https://gcaptain.com/oocl-earnings-preview-container-shippings-correction/
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Early numbers on the first quarter are starting to trickle in from container shipping lines. They...
https://www.freightwaves.com/news/container-lines-still-up-vs-pre-covid-despite-fall-from-peak