Global growth to slow as inflation bites
The global economy will expand more slowly than predicted three months ago, according to Reuters polls of over 500 economists, who said higher commodity prices and an escalation in the…
UK ports ‘wasted time, effort, money’ on Brexit white elephants
The future of UK Brexit border checks on EU goods is in question, and ports want compensation for the investments made in good faith. Full post-Brexit sanitary and phytosanitary border…
Oil prices paralysed on Russia sanctions, China lockdowns
Barrels of oil Portfolio investors purchased petroleum last week for the first time in four weeks, but overall positioning remained subdued by the high cost of margin and large uncertainties…
EU sanctions: Greece seizes Russian tanker
Greece has seized a Russian oil tanker off the island of Evia as part of European Union sanctions imposed on Moscow over its invasion of Ukraine, the Greek coast guard…
Empty container pileups will continue driving freight prices down
Container pileups are creating downward pricing pressures Container yards have reached capacity as the pileups of empties grew. For months ports have been struggling to deal with the pileup of…
Urgent calls to protect 1,000 seafarers trapped in Ukraine
Some seafarers (File). There are calls for urgent action to protect 1,000 crew trapped in Ukraine ports from the International Maritime Organisation IMO and the International Labour Organisation ILO. Six…
Russia-Ukraine conflict to deal blow on reefer shipping
Some refrigerated containers The conflict in Eastern Europe has the potential to bring severe disruption to reefer shipping, particularly given the significance of Russia as both a key import and…
Global oil supply disruptions could reach 5m bpd
Global oil supply disruptions could reach five million barrels per day (bpd), according to analyst estimates and reported problems, as sanctions, war and infrastructure failures hit supply just as demand…
U.S. warns India, others against sharp rise in Russian oil imports
A significant increase in Russian oil imports by India could expose New Delhi to a “great risk” as the United States prepares to step up enforcement of sanctions against Moscow…
UK detains P&O second ferry, sets deadline to rehire crew
The UK Coastguard is in the process of detaining a second P&O Ferries vessel while the UK Government gave the company a “last chance to do the right thing” and…
