FMC clarifies language around ocean carrier-drayage provider billing
Two weeks before new rules around detention and demurrage billing go into effect, the US Federal Maritime Commission has told…
Independent refiners likely to cut May fuel oil imports amid low margins
China’s independent refiners are likely to cut their fuel oil imports in May amid weak cracking margins and higher import…
Canada at last stages of starting major shipments of gas, LPG to Asia
The first export cargo from Canada is destined to set sail early 2025 from Kitimat in British Columbia along the…
Asian LNG buyers seek to lower long-term contract slopes as markets shift
Asian LNG importers are negotiating hard to bring down lower oil-linked price slopes of long-term LNG contracts amid expectations of…
Dollar’s stubborn strength dents US companies’ earnings cheer
A host of U.S. companies are faced with a problem they had not expected to confront this year: a rising…
Europe’s rush for rate cuts shifts global market power away from US
The Bank of England has sent a new signal that borrowing costs will fall earlier and further across Europe than…
Fed officials mull if rates are high enough as inflation expectations jump
Debate over whether U.S. interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked…
MPV rates rising as diversions, increasing demand tighten vessel supply
Time charter equivalents and forward bookings are increasing as project-related demand strengthens and carriers continue to reroute voyages away from…
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