The National Transportation Safety Board (NTSB) said on Thursday that the capsizing of a dredging vessel on the Mississippi River last year was due to the company’s failure to mandate…
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Tanker Enroute from Russia to India hit by Missile off of Yemen – Report
Three missiles were sighted approximately 15 nautical miles southwest of Yemen’s Mokha, British security firm Ambrey said on Friday, and the United Kingdom Maritime Trade Operations (UKMTO) said that one vessel was damaged.”The Master has reported two attacks.
https://www.marinelink.com/news/tanker-enroute-russia-india-hit-missile-513272
Zim shares launch ‘breakout’ with 15% surge in a morning
Shares in Denmark’s Maersk also rise as freight index posts largest one-week gain since January
TFI’s US LTL operations need heavier shipments, CEO says of Q1 results
Some key statistics at the U.S. LTL operations of TFI International remain a cause for concern at the Canada-based trucking conglomerate, and CEO Alain Bedard did not hold back discussing those issues on the company’s first-quarter earnings call.
The core of the U.S. LTL activities at TFI (NYSE: TFII) is known as TForce, and its roots are in the TFI acquisition of UPS’ LTL operations, UPS Freight, in 2021.
LTL discussions often turn to revenue per hundredweight, or yield, in analyzing how a...
Traders add to bets on September start to Fed rate cuts
Traders added to bets that the U.S. Federal Reserve will deliver its first interest rate cut this year in September, after a government report on Friday showed U.S. inflation rose last month in line with expectations. Interest-rate futures prices pointed to about a 65% chance of a rate cut at the...
https://www.hellenicshippingnews.com/traders-add-to-bets-on-september-start-to-fed-rate-cuts/
China passes tariff law as tensions with trading partners simmer
China on Friday passed a law leaving its biggest trade partners in no doubt that it can hit back should they put tariffs on the exports of the world’s No.2 economy as Washington and Brussels take aim at Beijing over excess industrial capacity. The Tariff Law, which was approved by China’s top...
Red Sea Reroutings Drive Up Liners’ CO2 Emissions
By Charlie Bartlett (The Loadstar) – The Saudi Arabian hub port of Jeddah is reporting a two-thirds drop in calls from the top ten carriers, as re-routing vessels on Asia-European routes…
https://gcaptain.com/red-sea-reroutings-drive-up-liners-co2-emissions/
Best Oasis Weekly Recycling Market Report, 26 April April 2024
In the ship recycling markets across four key destinations, distinct trends are observed. In India, the market shows positive momentum with stable rates Source: Best Oasis Limited
https://www.hellenicshippingnews.com/best-oasis-weekly-recycling-market-report-26-april-april-2024/