The largest single shipment of ethane to date departed the terminal in Texas bound for China. The gas, which is a derivative stripped from natural gas, is in strong demand, especially in Asia, where it is used as an alternative to butane and propane by the petrochemical industry. The record load of 911,000 of ethane was loaded aboard the Seri…
At this point in the COVID-19 pandemic, seafarers have become all too used to bureaucratic obstacles to crew change. But a different form of inertia has stranded more than 60 bulkers and their crews off the coast of China, where they await resolution to a diplomatic standoff between Beijing and the government of Australia. According to shipbroker Braemar ACM, as…
For months, shippers, ports, and carriers have all highlighted the challenges they faced in response to the surge in container shipping volumes during the second half of 2020. Data analytics firm Ocean Insights released new data highlighting just how extensive the delays have been, which ports and carriers are experiencing under capacity, and a timeline of market volatility. During December,…
