Container shipping spot rates in the trans-Pacific trade started to rise in late June and remain near their highs for 2023. The question is: How much of this rate gain is driven by peak season demand, and how much by shipping lines intentionally constraining capacity?U.S. import numbers confirm that

With the Panama Canal implementing sharp cuts in the number of booking slots for transits in the coming months tankers are set to be squeezed out of using the key waterway.In its weekly report broker Poten noted that oil tankers were relatively minor participants in the canal’s transit numbers but t

The earliest cargo ships were used to transport bulk cargo. On most general cargo ships, wooden containers or boxes were also used to carry groups of goods. However, as the types of cargoes included became more and more numerous, containerized transport was considered suitable for carrying small, fr

In the world of oil transportation, modern oil tankers play a crucial role in ensuring the efficient and safe delivery of this valuable commodity. These massive vessels are equipped with advanced features and come in various types, each designed to meet specific requirements. Understanding the key f

Oil tanker operations play a crucial role in the global economy, ensuring the efficient transportation of oil and petroleum products across vast distances. However, these operations also come with inherent risks that need to be addressed to ensure the safety of the crew, the environment, and the car