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Showing research about Corp - Shipping

20190321-houston-mass-total

Houston Has A Problem as Traffic Drops, Fire Rages

A petrochemical fire near Port Houston, Tx. comes as the port has already been struggling with falling volumes handled. General cargo exports fell 23.8% year over year in February while containerized freight fell 0.1%, ending a 12-month run of growth. The slippage was caused in part by an 11.1... Read more →

20190320-norfolk-total

ONE Beats 2M As Norfolk Bucks The National Downward Import Trend

Container handling through the port of Norfolk and its neighbors climbed 4.3% year over year in February. A 5.0% improvement bucked the national trend of declining volumes. While shipments from China fell 7.0% there was a marked improvement in shipments from Europe and the rest of the world. T... Read more →

20190319-shipbuilding-eco

Bad Start For Shipping Means Continued Bad Luck For Shipyards

Global shipbuilding continued to see a precipitous decline in its fortunes in February after exports from China, Japan and South Korea fell 33.1% year over year to $3.40 billion. That made for the worst month of February since at least 2008 even though there was a turnaround in fortunes for Ja... Read more →

20190314-bunker-fuel-fuel

BP’s New Fuels Carry Significant Costs for Shipping Lines

Oil refiner BP has launched its range of IMO-compliant shipping fuels ahead of the implementation of new sulfur emission regulations in 2020. Shipping lines face a significant increase in costs in 2020 given the new fuels cost $188 per ton, or 45.2%, more than high sulfur fuels according to S&... Read more →

20190313-ports-total

Everglades Dries Up as U.S. Port Activity Slows

U.S. port activity slipped in February with total containerized freight imports having fallen by 3.4% year over year due to reduced shipments from China and Europe. Long Beach saw the fastest decline among the major ports with a 15.3% drop, representing an acceleration from a 0.5% decrease see... Read more →

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