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Greg Miller

Greg Miller covers maritime for FreightWaves and American Shipper. After graduating Cornell University, he fled upstate New York's harsh winters for the island of St. Thomas, where he rose to editor-in-chief of the Virgin Islands Business Journal. In the aftermath of Hurricane Marilyn, he moved to New York City, where he served as senior editor of Cruise Industry News. He then spent 15 years at the shipping magazine Fairplay in various senior roles, including managing editor. He currently resides in Manhattan with his wife and two Shih Tzus.
Aug - 2020 -
14 August
Greg Miller

Hormuz tanker risk rises after US seizes Iranian cargoes

Will Iran retaliate after America commandeers four Iranian gasoline shipments?

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13 August
Greg Miller

Supertanker double-whammy: Less volume, shorter hauls

Asia crude drawdown slashes both the “tons” and the “miles” in the ton-mile equation.

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12 August
Greg Miller

Trans-Pacific ‘going crazy’ as demand defies pandemic pessimists

Asia-U.S. ocean freight rates are hitting record highs as import demand outpaces vessel supply.

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11 August
Greg Miller

Tanker major DHT is back in takeover mode

When times get tough, crude-tanker owner DHT starts buying. Times are getting tough.

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07 August
Greg Miller

Hopes for shipping M&A face reality check

M&A is being blocked by weak share pricing among buyers and lack of desperation among sellers.

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06 August
Greg Miller

How are tankers coping with floating-storage hangover?

Euronav and Scorpio Tankers highlight attractive fundamentals after floating storage wraps up.

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05 August
Greg Miller

Trans-Atlantic shipping sinks as trans-Pacific soars

Ports on the Atlantic are losing imports from Europe as well as Asia.

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Jul - 2020 -
29 July
Greg Miller

Ship orders collapse; will rate boom follow?

New data reveals just how far ship orders have sunk. The fewer ships ordered, the higher future rates could climb.

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27 July
Greg Miller

Robinhood’s topsy-turvy Top 10 shipping stocks

Robintrack.net data reveals what retail traders are buying and when. The question is: Why?

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24 July
Greg Miller

Dry bulk shipping rates slashed in half

Dry bulk was riding high just a few weeks ago. Now it’s taking a tumble.

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22 July
Greg Miller

Shipping stock pickers turn down the volume — way down

An analysis of daily traded values and volumes of tanker and dry bulk stocks.

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20 July
19 July
Greg Miller

Fresh threat to US food exports: China COVID inspections

A new interview with AgTC’s Peter Friedmann on how China COVID fears affect U.S. food exports.

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16 July
Greg Miller

Have sky-high container shipping rates finally peaked?

U.S. shippers importing cargo from Asia are getting some price relief.

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15 July
Greg Miller

Shipowners with shares worth pennies rake in millions

Top Ships, Seanergy, Castor and Globus tap equity markets to buy vessels.

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14 July
Greg Miller

Tanker stocks are sinking toward the bottom

Nordic American Tankers is the best stock performer among larger listed ship owners. Scorpio Bulkers is the worst.

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10 July
Greg Miller

China logjam, stubborn storage buoy tanker rates

Most floating storage has yet to be unloaded while delays in China are mounting.

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09 July
Greg Miller

Supertanker rates bounce back — stocks don’t

Tanker rates haven’t been this strong at this time of year for a half-decade.

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07 July
Greg Miller

Are trans-Pacific carriers guilty of price gouging?

“Optics” are bad but freight pricing doesn’t appear to meet regulatory bar for intervention.

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06 July
Greg Miller

Tanker takeover talk heats up

Challenge to shipping M&A: No one wants to sell in a downturn.

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02 July
Greg Miller

Crew crisis is triggering ship detentions and diversions

Global trade fallout from the crew-repatriation crisis has begun — and looks poised to snowball.

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01 July
Greg Miller

Seafarers still stranded at sea — and more test positive

Shipboard COVID cases will make it even harder to roll back travel restrictions that block crew changes.

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Jun - 2020 -
30 June
Greg Miller

Need for speed drives ships toward Pacific ports

E-commerce and coronavirus fallout are buoying container services from Asia to the West Coast.

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26 June
Greg Miller

A lost decade for shipping stocks

Long-term institutional investors still steer clear of shipping shares — with good reason.

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24 June
Greg Miller

Can dry bulk woo stock gamblers who bet on tankers?

Retail stock pickers bet big on tankers. Dry bulk remains less enticing despite rate surge.

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22 June
Greg Miller

Carrier capacity cuts send trans-Pacific rates into orbit

By artificially restricting capacity, carrier alliances have engineered rates higher and may book a profit this year.

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19 June
Greg Miller

Will Venezuela sanctions spark another tanker spike?

More forgiving sanctions approach would avoid rate surge seen after COSCO sanctions.

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18 June
17 June
Greg Miller

Fewer trans-Pacific cuts signal 3Q demand on the mend

New data reveals third-quarter ocean schedules still largely intact — a positive sign on cargo bookings.

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16 June
Greg Miller

Crew crisis is on verge of becoming global trade crisis

Ships could be idled as thousands of seafarers refuse contract extensions.

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15 June
Greg Miller

US crude, gas and coal exports are all flashing red

Warning sign for tanker investors as US crude exports begin to reverse course.

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12 June
Greg Miller

Inside the high-stakes world of clandestine crude shipping

An exclusive interview with Samir Madani, co-founder of TankerTrackers.com.

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10 June
Greg Miller

COVID second wave would slam ocean shipping

Global trade could be the next casualty if the virus resurges, warns OECD.

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09 June
Greg Miller

China has become an even bigger US import source post-COVID

COVID effects far from over, but more positive news on the trans-Pacific.

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08 June
Greg Miller

Can shipping shares catch wave of (ir)rational exuberance?

The stock market is back to pre-COVID levels. Shipping shares still have some catching up to do.

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05 June
04 June
Greg Miller

Q&A: Inside the early warning system of global trade

An exclusive interview with Sea-Intelligence CEO Alan Murphy on how canceled sailings can signal future demand.

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02 June
01 June
May - 2020 -
29 May
27 May
Greg Miller

New York terminal operator sues Maersk for ‘tens of millions’

Operator of Staten Island terminal spurned by container giant is not giving up without a fight.

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Greg Miller

Dry bulk flounders as coronavirus threatens Brazilian exports

Coronavirus hit to Brazilian exports is a nightmare scenario for dry bulk — and cases in Brazil are mounting fast.

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Greg Miller

LPG shipping: volatile, spot-exposed, leveraged to COVID-19

Rates for ocean transport of propane could surge if the worst of the coronavirus crisis is past.

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22 May
Greg Miller

Import cuts could trigger more shortages as states reopen

Fewer sailings will be canceled starting in July but that won’t help restock shelves in June.

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20 May
Greg Miller

Tanker pitch goes back to basics as floating storage fades

Tanker owners increasingly point to upside to come after floating storage unloads.

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19 May
Greg Miller

Q&A: Why Amit Mehrotra is still (very) bullish on transport stocks

An exclusive interview with Deutsche Bank’s Amit Mehrotra on what COVID-19 means to transport stocks.

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Greg Miller

Container-ship owners in crossfire as liners slash service

The more sailings cancelled, the more risk to companies leasing container ships to carriers.

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18 May
Greg Miller

Why COVID-19 rebound hopes are weighing down tanker stocks

Good news: Vaccine shows promise. Bad news: Floating storage economics vanish.

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15 May
Greg Miller

Container import roller coaster: down, up, down … up?

Box import volumes may be falling fast, but there are glimmers of hope.

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Greg Miller

IMF develops real-time intel on container, tanker, bulker moves

“Nowcasting” platform uses ship-tracking data to detect coronavirus fallout.

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13 May
Greg Miller

Stranded crew crisis is ticking time bomb for global trade

Future cargo flows at escalating risk from inaction on stranded seafarers.

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Greg Miller

Maersk: Container volumes could fall 25%

World’s largest box carrier expects capacity cuts to mitigate volume downside.

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12 May
Greg Miller

Will ocean carriers scale back sailing cancellations?

As ships sail full in May, the hope is that fewer 3Q sailings get the ax.

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11 May
Greg Miller

Capesize shipping rates sink 21% in a single day

The dry bulk market is getting hammered again — not a positive signal on the global economy.

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08 May
07 May
Greg Miller

Floating storage is far from dead in the water

There’s still too much oil in the world and tankers are still filling up with the overflow.

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05 May
Greg Miller

Investors dump tanker stocks just as tanker profits soar

Public tanker owners post impressive earnings on an ugly day for tanker stocks.

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Greg Miller

Barge giant Kirby: signs of life but too soon to call bottom

Kirby Corp pulls 2020 guidance but inland barge utilization is still strong at 90%.

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04 May
Greg Miller

How canceled sailings will impact US ports – and when

New data from eeSea reveals that U.S. ports will see capacity plunge by up to 20% this month.

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Apr - 2020 -
29 April
Greg Miller

Tanker stocks could emerge as COVID-19 relapse hedge

Shipping analyst Michael Webber sees tanker-stock upside if coronavirus recovery falters.

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Greg Miller

Shipping guru crystal ball: less globalization, more tech

Industry sage Martin Stopford dives deep into the future of global trade.

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28 April
Greg Miller

New York terminal loses court bid to block Maersk exit

Judge gives Maersk go-ahead to jump ship from GCT terminal in Staten Island.

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27 April
24 April
Greg Miller

Q&A: Transport economist on pandemic pain, lasting fallout

IHS Markit’s Paul Bingham predicts sustained 2020 weakness and higher long-term costs.

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23 April
Greg Miller

Iran threat looms as tanker market booms

Tensions in the Strait of Hormuz have always been good for tanker rates and stocks — until now.

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22 April
Greg Miller

New York terminal scrambles to block Maersk’s exit

Maersk plans sudden switch from Staten Island to New Jersey. The Staten Island terminal is fighting back.

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21 April
Greg Miller

US import plunge inevitable as canceled sailings mount

Here it comes: Ports will soon feel full force of canceled box-ship sailings.

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20 April
Greg Miller

Tanker stocks surge as global oil market collapses

U.S.-listed tanker stocks boast double-digit gains on historically awful day for crude-oil pricing.

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17 April
Greg Miller

California box imports spike, but don’t pop the cork

Big April gains at Southern California container terminals are deceiving.

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16 April
Greg Miller

Coronavirus in the Caribbean: Container hubs in crosshairs

Pandemic yet to heavily impact Caribbean container transshipment but fallout looms.

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15 April
Greg Miller

Coronavirus in the Caribbean: Container volumes plunge

Pandemic pressures on tourism, oil and textiles squeeze Caribbean cargo demand.

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Greg Miller

Container lines slash even more services to prop up rates

Good news for box carriers: Freight rates haven’t collapsed. Bad news: Volumes have.

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14 April
Greg Miller

How coronavirus ‘stress tests’ will change ocean shipping

Ocean shipping post-pandemic: What changes lie ahead for supply, demand, stocks and debt?

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13 April
Greg Miller

Massive OPEC+ cuts not enough to derail tanker earnings

Crude-tanker demand should continue to rise. Will stock prices follow suit?

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10 April
Greg Miller

MSC sites down; carrier not ruling out cyberattack

Website and the online booking platform of MSC have gone offline but fallout appears contained.

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08 April
Greg Miller

WTO: Coronavirus crisis could rival Great Depression

Cargo flows face worst hit in a century but have potential to bounce back fast.

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07 April
06 April
Greg Miller

Maritime tech startups face coronavirus cull

VC funding has evaporated, wooing new customers is extremely difficult and existing customers’ focus has changed.

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Greg Miller

Container lines scramble to avert ‘life-threatening’ COVID-19 losses

Carriers slash even more ocean services in bid to prop up rates as demand crumbles.

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03 April
02 April
Greg Miller

Will ports bar cargo ships with COVID-19-positive crew?

Coronavirus will inevitably infect more seafarers. How ports respond will be pivotal.

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01 April
Greg Miller

Ocean shipping services continue to deteriorate

Canceled sailings surge, schedule reliability sinks and import demand evaporates.

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Mar - 2020 -
31 March
Greg Miller

Crude tankers poised for ‘once-in-a-generation’ boom

As most of the transport sector suffers, crude-tanker owners haul in boatloads of cash.

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30 March
Greg Miller

More cargo chaos looms as carriers slash ocean services

More booking cancellations equal more ocean-service cancellations equal more delivery uncertainty.

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27 March
Greg Miller

Crossroads for dry bulk shipping: recovery or disaster?

Some believe Capesize rates will remain depressed. Others see light at the end of the tunnel.

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26 March
Greg Miller

Ocean container volumes are about to fall off a cliff

Social distancing will wreak havoc on trans-Pacific and Asia-Europe box volumes.

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25 March
Greg Miller

Q&A: Flexport exec on coronavirus past, present and future

An exclusive interview with Nerijus Poskus, global head of ocean freight at Flexport.

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23 March
Greg Miller

Free flow of ocean cargo at rising risk from coronavirus

Ocean shipping has functioned well during the outbreak but pressures are mounting.

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Greg Miller

How coronavirus affects US river-barge market

Petchem shippers are keeping inland barge owners busy, but upside could be temporary.

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20 March
Greg Miller

How oil price war threatens US propane exports

America had been on track to become the world’s largest propane exporter until Saudi Arabia opened its crude spigot.

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19 March
Greg Miller

How cruising’s coronavirus crisis alters marine-fuel equation

Halt of cruise voyages will slash HFO demand, a positive for cargo ships with scrubbers.

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17 March
Greg Miller

Tanker boss talks coronavirus fallout, Saudi surge

Lois Zabrocky explains how two black swans — the outbreak and oil price war — reshaped the market.

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