When Russia invaded Ukraine, the price of ship fuel skyrocketed to all-time highs. Prices are still historically high, but they have now returned to prewar levels. Ship fuel is becoming less expensive as concerns about future demand weakness drive down the price of oil. According to Ship & Bunker, the...
News
The Georgia Ports Authority will relocate breakbulk operations to Brunswick.
The Georgia Ports Authority intends to relocate breakbulk cargo from the Port of Savannah's Ocean Terminal to the Port of Brunswick's Colonel's Island Terminal as part of a larger effort to expand container operations at the Port of Savannah. GPA intends to realign the Savannah docks and relocate the breakbulk...
Container shipping rates are still falling, with no sign of a market bottom.
So much for the theory that container lines are a nefarious cartel with the ability to control freight pricing; spot rates are still falling more than a year after they peaked. "This cliff that rates have fallen from shows that there is more competition in the market than many people...