Middle East diesel exports to Europe rise to 10-month high as Russia mostly stays away
Middle East diesel exports to Europe rose to a 10-month high in April with Russian product mostly heading to Turkey,…
The case for forever high interest rates
If financial markets are right, interest rates won’t just stay high this year, but possibly forever. The return of inflation…
China: Stabilizing economy augurs well for global growth
China’s economy is showing fresh signs of stabilization with a solid first-quarter performance this year, laying a strong foundation for…
Fed to cut rates in September, say nearly two-thirds of economists
The U.S. Federal Reserve will cut its key interest rate twice this year, starting in September, according to a stronger…
BC port foreman contract talks stall as government delays rail strike threat
Maritime employers along Canada’s West Coast have filed a complaint asking the federal government to further intervene in stalled talks…
Is a closure in the Strait of Hormuz on the cards?
In a recent weekly report, shipbroker Intermodal said that “the Strait of Hormuz represents a vital artery for global trade,…
EU ETS: catalyst for change, mired in growing pains
The European Union’s Emissions Trading System (ETS) continues to cause confusion and consternation for stakeholders in shipping, with questions around…