fuel prices

Yesterday (Monday, March 24th), the Federal Maritime Commission (FMC) said no to carriers requesting waiver of the 30-day notice period before hitting shippers with fees related to the Iran War. [...]

Trump Orders Government to Cover Persian Gulf Shipping In Tuesday’s blog about the impacts of the Iran War on international shipping, we brought up insurance, specifically marine insurers [...]

The Jones Act debate often flairs up during times of natural disaster in the U.S., particularly when that natural disaster hits a noncontiguous state or territory, such as Puerto Rico. As a [...]

Reporting is starting to come in on the first quarter of the financial year for carriers. Ocean Network Express (ONE), formed a few years ago when Japan's big three ocean carriers – K Line, MOL, [...]

A couple weeks ago, we posted a blog about how ocean freight carriers, in the middle of the coronavirus pandemic, went from being projected to lose as much as $23 billion in 2020 to looking like [...]

With the rise of a global pandemic, the world economies are on the verge of fall. By the world economy, we mean the countries that are major contributors to it. The United States is one of [...]

This is a guest post by Sandy Burkhart. Have you already started planning your shipping activities for the year that's just started? Then you might want to consider learning all about the [...]

We promised to blog on this, so here it is... the controversy surrounding low sulfur surcharges. Big news events affecting the international shipping industry, specifically the Phase One Trade [...]

Freight rates in the international shipping industry are always volatile, especially for small to medium shippers who play the spot market for their import and export pricing. There are many [...]

IMO 2020 went into effect on January 1st, requiring sea vessels, including container ships, to abide by a 0.5% sulfur cap on fuel or use scrubbers (systems that clean fuel in engines) in order to [...]

Before 2020 hits, let's take a look back at 2019. What happened in international shipping this year didn't happen in a bubble. Just like events of years past affected this year, the things [...]

In case you missed the big news this weekend, a drone attack hit two oil facilities in Saudi Arabia on Saturday (September 14th, 2019). Here's a brief summary from an Aljazeera news [...]

In only 5 months, starting on January 1st, 2020, cargo ships have to meet the International Maritime Organization's (IMO) new 0.5% sulfur cap on fuel known as IMO 2020. [...]

We're finally seeing news on how carriers will pass higher fuel costs, which are on the way, to shippers.

It seems that all the news around the International Maritime Organization's [...]

It's coming: the cleaner fuel mandate. The International Maritime Organization's (IMO) o.5% sulfur cap hits in 2020. Carriers know their fuel costs are about to jump. Shippers know they'll in [...]

We live in a global economy where about 90% of the world's goods are transported by sea, but it hasn't been smooth sailing for the ocean freight shipping industry in recent years. And the waters [...]

Fuel costs have significantly increased this year, causing many carriers to post first-quarter losses for 2018.

At least, carriers are saying higher fuel bunker prices are the cause [...]