Oil price spikes after vessels are targeted, despite IEA decision

“It is very encouraging to hear the initiatives being taken to address delays and costs.” – Lance Pullan.

Every additional cost in the supply chain eventually reaches consumers at the check-out.

Oil demand remains resilient as affordability slows the global energy transition.

Many ports still rely on diesel-powered machinery and lack green bunkering infrastructure.

Wednesday’s fire was detected when smoke was seen rising from the ship’s superstructure. 

Findings show total containership emissions reached 50.3 million tonnes in Q3.

Cargo destined for West Africa is trans-shipped to Lagos in nine days.

Operators are accelerating digital adoption to boost visibility, efficiency and service reliability.

Major incidents, defined as losses above €100 000, averaged more than €775 000.

Overall demand from the region to the US increased by 6% year on year.

Most lines will retain longer routes round the Cape of Good Hope.