By Greg Miller of FreightWaves Container lines are facing a triple whammy: Freight rates are weak — below breakeven in some trades — and show no signs of rising. New ships are flooding the market. […]
December 14, 2022 Data source: Argus Media Rates for petroleum product tankers that carry low-sulfur petroleum products, including refined petroleum products such as motor gasoline, diesel fuel, jet fuel, and naphtha, reached multiyear highs this […]
Following its latest policy meeting the Federal Reserve announced its third consecutive 75 basis point interest rate hike, as it continues to battle with a stubbornly persistent inflation. The third 75 basis point hike was […]
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