Multipurpose vessel sentiment positive despite bunker price volatility
Shippers reluctant to accept additional bunker costs might have their hand forced by a healthy breakbulk and project cargo pipeline, market participants say.
Shippers reluctant to accept additional bunker costs might have their hand forced by a healthy breakbulk and project cargo pipeline, market participants say.
The loss of a third of global helium output because of the war has given fresh impetus to industrial gas projects in new regions.
The changes impact various import and export shipments, including packages traveling to and from the U.S., adding to cost pressures for parcel shippers.
Companies are now grappling with whether to raise prices at a time when consumers are already reeling from a prolonged period of inflation.
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The war with Iran, now in its third month, is the prime mover behind the economic uncertainty, the National Retail Federation and Hackett Associates indicated in their latest Global Port Tracker.
FMCSA set a May 14 deadline for carriers and brokers to update their registration information before switching to “Motus,” a system that includes ID verification tools.
Khor Fakkan and Fujairah in the UAE and Sohar in Oman had kept carriers restricted to imports since the war began due to severe yard space and cargo evacuation constraints.