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A dockworkers union in Greece has taken a stand against supplying weapons to Israel during the war in Gaza by blocking a cargo at Piraeus.

No End in Sight: New Ships Wont Stop Freight Rates From Climbing in 2025

As capesize spot rates decline, Signals Maria Bertzeletou sees the potential for rebound in rising Brazilian iron ore exports and the port congestion that could cause. @SignalOcean

The latest sanctions by the US Department of the Treasury could put more pressure on Irans petrochemical sector. For shipping, that means chemical and product tankers and LPG carriers. This story includes insight from Matthew Thomas of @BlankRomeLLP and Claire Jungman of @UANI. https://t.co/hxsqmZ2h4M

The new wage deal for the union on the east coast will increase terminal units labor costs by $170 per container. Current Lift Rates (the amount a terminal charges a carrier) are about $400 per container. $570 to the workers for unloading a container off a ship, not counting any of the costs of the equipment, management etc.

Washingtons decision to go after Iranian-linked VLCCs with sanctions has sparked memories of the great freight rate spike of Q4 2019 when supertanker spot rates leapt above $100,000 a day

New: Stimulus v geopolitics: Greek bulker owners fear economic warfare between US and China and Taiwan atom bomb. https://t.co/Po6uWU3O6F #shiping @MarineMoney

Stifel: While costs are rising for virtually everything, not much keeps up with the cost of ships. Since the beginning of 2021 the cost to build a tanker is +54%, while 5yo ships have seen +92% inflation. In dry bulk, newbuildings are +49% with 5-year-olds +84%.

Clarksons: The market is pricing in a 5% decline in ship values for crude tankers and a 12% decline for product tankers, implying daily rates of $39,000 for non-eco VLCCs and $28,000 for LR2s.

Even before all the recent chatter about stimulus, China was starting to boom. Here's passenger turnover across aviation, rail, road and ship traffic, where turnover is the product of number of people and distance travelled. We are seeing a major rebound in travel activity...

A small and discreet shipping-container company carried out one of Germanys biggest-ever scams, ripping off investors, mostly retirees who had piled in cash for years

Sigh. What drove inflation was $5 trillion of pandemic fiscal stabilization ($3.1 in the previous admin and $1.9 in the present one) with household and corporate supports colliding with supply chain disruptions, amplified by a Fed that jacked its balance sheet to 36% of GDP. https://t.co/MklR5abHSs