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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.
Mar - 2020 -
17 March
Greg Miller

Analyst to tanker stock buyers: ‘Don’t be a hero’

Crude-tanker rates are skyrocketing, but leading analyst Michael Webber urges caution.

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16 March
Greg Miller

Crude-tanker stocks plunge as rates hit record highs

Why are share prices and tanker freight rates going in opposite directions?

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Greg Miller

Dry-bulk derivatives are flashing red on world economy

Investors appear increasingly worried that the coronavirus will spark a global recession with no quick bounceback.

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13 March
Greg Miller

Supertanker spot rates reach record highs

As the world reels from coronavirus, crude-tanker owners are raking in massive returns.

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12 March
Greg Miller

Coronavirus spawns worldwide box-repositioning challenge

Coronavirus left containers scattered in the wrong ports. Liner companies are trying to get them back into position.

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11 March
Greg Miller

Tanker rates spike as Saudis pull trigger on oil price war

Tanker rates are back in the stratosphere as the Saudis move ahead with production push.

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10 March
Greg Miller

Coronavirus is decimating IMO 2020 ship-scrubber savings

Ship scrubbers no longer equate to big savings on fuel costs. Is this only temporary?

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09 March
Greg Miller

What crude price collapse means to ocean shipping

Here’s why tanker stocks are rising as the rest of the U.S. stock market is crashing.

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06 March
Greg Miller

Coronavirus could hold up annual ocean shipping contracts (with video)

Unprecedented uncertainty will likely delay annual contracts between shippers and ocean carriers.

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Greg Miller

Inside a Chinese factory in the time of coronavirus

An exclusive interview with SIA Flexitanks CEO Damien McClean on what’s happening right now with Chinese manufacturing, trucking and ports.

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05 March
Greg Miller

How OPEC’s coronavirus cuts affect ocean shipping

Slashed oil production is bad for tankers, but fallout for container ships hinges on price action.

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03 March
Greg Miller

China cargo flows rapidly return to pre-coronavirus levels

CargoMetrics data reveals that Chinese port activity has recovered much faster than some had feared.

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Feb - 2020 -
27 February
Greg Miller

Great quarter for tankers coincides with stock-market rout

It has been a particularly rough start of the year for tanker stocks despite exceptionally strong results.

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26 February
Greg Miller

Is the worst still to come for dry bulk shipping?

No evidence yet of coronavirus-induced drop in dry bulk rates. Is it coming?

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24 February
Greg Miller

Q&A: Jefferies analyst on shipping stock rout and what’s next

An exclusive interview with Jefferies analyst Randy Giveans on the coronavirus-induced shipping-stock collapse.

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Greg Miller

Coronavirus crisis worsens: FreightWaves coverage timeline (with video)

As risks surge and stocks plunge, a look at the key coronavirus issues and a rundown of FreightWaves’ coverage to date.

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20 February
Greg Miller

CargoMetrics data reveals depth of China cargo collapse

Big data confirms China trade volumes fell off a cliff in the wake of the coronavirus.

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Greg Miller

Maersk holds out hope for V-shaped coronavirus recovery

Outlook of world’s largest container line hinges on timing of coronavirus containment.

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19 February
Greg Miller

Coronavirus creates new demand for product tankers

Asian refineries suddenly have too much gasoline, diesel and jet fuel. Buyers in the West are taking the overflow, a plus for product tankers.

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18 February
Greg Miller

Dry bulk’s binary coronavirus fate: Snap-back or wipeout

The second half of 2020 is shaping up to be either very good or very bad for dry bulk shipping.

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17 February
Greg Miller

Refrigerated cargo is being diverted from Chinese ports

Inland trucking slowdown in China leaves port reefer plugs full, blocking refrigerated food imports.

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14 February
Greg Miller

What happens if coronavirus begins infecting cargo-ship crew?

Trade risks will intensify if the virus spreads from China to the global pool of seafarers.

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13 February
Greg Miller

Some shipping execs fear markets underestimate virus

Shipping bosses warn of huge economic knock-on effects from the coronavirus outbreak.

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11 February
Greg Miller

Public shipping execs face more coronavirus questions

Earnings calls shed new light on how ocean shipping bosses view coronavirus crisis.

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Greg Miller

Q&A: Nautilus Labs on how tech can tackle fuel use and emissions

An exclusive interview with Matt Heider, CEO of voyage-optimization platform Nautilus Labs.

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10 February
Greg Miller

ACL barge bankruptcy could be a plus for river rates

Terms of the court-protected restructuring of American Commercial Lines have already been agreed to and no disruptions are expected.

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Greg Miller

Coronavirus fallout for ocean shipping intensifies

From container shipping to tanker transport, markets are awash in coronavirus fallout.

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07 February
Greg Miller

Shipping decarbonization hinges on owners of cargo, not ships

Momentum builds for decarbonization of ocean shipping but it’s far from a done deal.

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06 February
Greg Miller

IMO 2020 throws monkey wrench into ocean rate visibility

It has become even harder to determine what the prevailing bulk ocean freight rate really is.

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05 February
03 February
Greg Miller

Dry bulk shipping rates poised to hit a new all-time low

Dry bulk rates were already terrible — then came the coronavirus, and they’re getting even worse.

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Jan - 2020 -
30 January
29 January
Greg Miller

Container lines face intensifying cost squeeze

Liners confront higher ship-lease rates at the very time fuel prices are spiking.

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28 January
27 January
Greg Miller

Coronavirus compels shipowner to batten down the hatches

Scorpio Bulkers on virus threat: Prepare for the worst and hope for the best

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17 January
Greg Miller

Book review: ‘IMO 2020: A Regulatory Tsunami’

A new book places IMO 2020 in the context of a potential “third revolution” for shipping.

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16 January
Greg Miller

Trade deal better for shipping demand than for stocks

New pact is a plus for tankers, bulkers and box ships, but less so for equities.

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13 January
Greg Miller

Why haven’t Iran tensions hiked tanker rates (yet)?

Tanker rates haven’t shot up further on new Iran tensions, yet they remain extremely high.

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09 January
Greg Miller

What happens when IMO 2020 collides with cargo slump?

New Platts indices offer bird’s-eye view of rough IMO 2020 transition for dry bulk.

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08 January
Greg Miller

Container-line consolidation has failed to increase freight rates

Despite all the mergers and all the alliances, ocean container rates are still lower than they were seven years ago.

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07 January
Greg Miller

Pre-Chinese New Year box import bump disappoints

Traditional U.S. import rush prior to Chinese holiday is subdued in 2020.

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06 January
Greg Miller

IMO 2020 fallout, demand slump batter dry bulk

Is IMO 2020 fallout for dry bulk shipping a warning sign for container sector?

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Greg Miller

Outlook 2020: Top questions for ocean shipping

The high-stakes wild cards to watch in what promises to be a volatile year.

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03 January
Greg Miller

Airstrike could propel tanker rates back into stratosphere

Killing of Iranian general and Iranian retaliation could spark another tanker rate spike.

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Dec - 2019 -
31 December
Greg Miller

2019 Recap: A tale of two container-shipping trades

Trans-Pacific container rates continue to fall as Asia-Europe rates continue to rise.

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30 December
Greg Miller

2019 Recap: Top ocean shipping interviews of the year

Links to 16 exclusive interviews with key decision-makers in ocean shipping.

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27 December
Greg Miller

Outlook 2020: Ocean shipping finance to tighten further

Capital constraints should keep ocean shipping capacity in check, a plus for rates.

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26 December
Greg Miller

Ominous IMO 2020 signs for ocean shipping spot rates

Concerns rise that shipping can’t recoup cost of IMO 2020-compliant fuel.

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20 December
Greg Miller

Q&A: Tanker boss Zabrocky on the eve of IMO 2020

An exclusive interview with Lois Zabrocky, CEO of tanker owner International Seaways.

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18 December
Greg Miller

Shipping unveils blueprint for collecting future carbon tax

As carbon tax on ocean shipping appears more likely, industry lays groundwork for future collection.

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16 December
Greg Miller

What US-China trade progress means for shipping stocks

U.S.-China deal should boost shipping stock sentiment, assuming investors believe it’ll stick.

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13 December
Greg Miller

Q&A: Dorian CEO Hadjipateras on LPG surge, trade war, IMO 2020

An exclusive interview with John Hadjipateras, founder and CEO of NYSE-listed Dorian LPG.

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11 December
Greg Miller

IMO 2020 fuel surcharges push container rates higher

Index data appears to show that IMO 2020 fuel costs are being passed along to box shippers.

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10 December
Greg Miller

Q&A: Scorpio’s Bugbee on ‘Prexit,’ 2020 outlook and stock rebound

An exclusive interview with Scorpio President Robert Bugbee on shipping stocks and what lies ahead.

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09 December
Greg Miller

East Coast ports poised to poach even more boxes from West

Container industry veteran John McCown argues that the shift toward East Coast ports is inexorable.

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05 December
Greg Miller

Survey: trade-war fallout for supply chain still in early innings

After all the trade turmoil, many legacy supply chains may still be in “wait-and-see” mode.

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04 December
Greg Miller

Could Europe unilaterally regulate shipping carbon emissions?

The EU is pushing to bring carbon pricing to shipping, but there are a lot more questions than answers.

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03 December
Greg Miller

Ocean shipping in crossfire again as trade war reignites

Trade tensions look like they’ll get worse before they get better, a negative for ocean shipping demand.

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Greg Miller

Bad news, good news for dry bulk shipping

Brazil’s Vale has cut its iron-ore outlook for the first quarter, but revealed higher-than-expected projections for full-year 2020 and 2021.

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Nov - 2019 -
27 November
Greg Miller

Tanker bosses give thanks for six-figure rates, order drought

Crude-tanker rates are staying lofty for a prolonged period, proving that the October spike was no “one off.”

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Greg Miller

Shipping’s spot-rate model could collide with green agenda

Investors and commodity shippers favor spot contracts, but GHG cuts will require more long-term employment.

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25 November
Greg Miller

Bulk booze by sea: The present and future

A look at today’s containerized ocean transport of alcohol via bottle, can, keg, flexitank and ISO tank container — and how this mix could change going forward.

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21 November
Greg Miller

Why are Capesize dry bulk shipping rates still sliding?

Unsurprisingly, listed bulker owners insist fourth-quarter Capesize rate pressure will pass.

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20 November
Greg Miller

Box pendulum swings even more toward East Coast

Freight data confirms that container lines are increasing their flows to the U.S. East Coast at the expense of California ports.

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Greg Miller

Asia-Europe box trade far outperforms Asia-US

Data reveals how container pricing may have suffered collateral damage from the trade war.

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Greg Miller

Is the rebirth of shipping share offerings finally nigh?

Higher freight rates are piquing investor interest, bringing ship owners back to the capital markets.

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19 November
Greg Miller

Bulk booze by sea: The past

A look back at the colorful history of the transport of beer, wine and spirits via oceangoing tankers.

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18 November
Greg Miller

A massive floating LNG stockpile has just been unloaded

What was behind the historic rise and sudden fall in global LNG floating storage?

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15 November
Greg Miller

ESG ‘green’ push has ship owners seeing green(backs)

New ship orders are grinding to a halt due to uncertainty over which designs can meet future GHG rules.

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14 November
Greg Miller

How fossil-fuel allergy impacts shipping-stock returns

ESG investors are shunning shipping stocks, but dividends should bolster total returns.

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12 November
Greg Miller

The Panama Connection: By truck and rail, not canal

Advent Intermodal is seeking to increase transparency along the Panama “land bridge” between the coasts.

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11 November
Greg Miller

Dry bulk extends slide as Vale shaves iron-ore forecast

Reduced estimate for Brazilian iron-ore exports compounds headwinds for dry bulk.

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08 November
Greg Miller

Trans-Pacific container rates are up (a little) in November

China-to-California box rates are up 16% from October lows, but are still down 43% year-on-year.

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07 November
Greg Miller

Here come the dividends

With profits around the corner, listed shipping companies are reopening the dividend spigots.

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06 November
Greg Miller

Efstathiou buys German freight-tech mainstay Burmester & Vogel

Evan Efstathiou has just bought his way into the maritime tech landscape.

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05 November
Greg Miller

Ardmore: 2020 marine gasoil demand to top expectations

Ardmore Shipping execs predict the initial IMO 2020 phase will favor more expensive 0.1% MGO.

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04 November
Greg Miller

How Signal Ocean’s software is transforming ship chartering

An exclusive interview with Greece’s Ioannis Martinos on what’s next for Signal Ocean.

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01 November
Greg Miller

Platts debuts parallel IMO 2020 ship indices – and spread is huge

New freight indices provide visibility on potential earnings premiums of scrubber-equipped vessels.

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Oct - 2019 -
31 October
Greg Miller

Long-haul LPG shipping sector is flying high

Ship owners like Dorian LPG are reaping the benefits of very strong VLGC spot rates.

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29 October
Greg Miller

Euronav sees rising constraints on supertanker capacity

Floating storage, scrubbers delays and newbuilding unease should continue to squeeze crude-tanker capacity.

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28 October
Greg Miller

Whither the dry bulk shipping recovery?

Market prognosticators have been saying dry bulk will recover “next year” almost every year for the past decade. Will it finally happen in 2020?

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24 October
Greg Miller

Time to declare trans-Pacific peak season a bust?

The autumn peak season will be over before you know it. Trans-Pacific container rates have yet to budge.

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Greg Miller

DHT provides inside glimpse of crude-tanker ‘frenzy’

Top shipping execs reveal the inside story of the recent crude-tanker rate maelstrom.

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23 October
Greg Miller

Scorpio begins slowly separating its conjoined twins

Scorpio Bulkers plans to continue to monetize its position in related-party Scorpio Tankers.

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22 October
Greg Miller

LNG shipping rates now far exceed crude-tanker rates

Headlines have highlighted booming VLCC rates, but spot LNG shipping rates have now taken the crown.

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21 October
Greg Miller

Q&A: Shipping stock, Italian style

An exclusive Q&A with Carlos Di Mottola, CFO of Milan-listed D’Amico International Shipping.

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18 October
Greg Miller

Stage is set for next wave of ships-for-shares deals

Improved shipping stock prices and heightened time pressure on private equity ship owners should spur more consolidation.

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17 October
Greg Miller

Atlantic container shipping rates far outperform Pacific

Could new tariffs derail solid rate performance in the trans-Atlantic trade?

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16 October
Greg Miller

Why crude tanker rates just fell (halfway) back to Earth

VLCC rates have rapidly fallen from over $300,000 per day to around $125,000 per day.

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14 October
Greg Miller

How ‘Twilight Zone’ tanker rates translate into cold, hard cash

Headlines may proclaim “$300,000 per day” but most crude tankers are not making anything close to that.

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11 October
Greg Miller

Attack on Iranian tanker stokes blazing VLCC rates

VLCC rates are reaching epic levels in the wake of an attack in the Red Sea on an Iranian Suezmax tanker.

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10 October
Greg Miller

Crude-tanker rates just soared past $150,000/day

Crude-tanker rates have now reached levels not seen since before the global financial crisis.

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Greg Miller

East Coast box bellwethers continue to ring

Both canal stats and container transport pricing confirm continued momentum for U.S. East Coast ports.

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09 October
Greg Miller

UK judge: Greek owner faked pirate attack, set own ship ablaze

What is the most bizarre transportation law case you’ve ever heard of? The story of the demise of the tanker Brilliante Virtuoso may top your list.

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08 October
Greg Miller

Most new US crude now sold overseas – and share is growing

For a window on future demand for U.S. crude oil, look to international markets, as ever-more U.S. volumes head to sea.

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07 October
Greg Miller

Supertanker rates stratospheric as market ‘goes bonkers’

VLCC rates are now at or near $100,000 per day, courtesy of U.S. sanctions targeting China’s COSCO.

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04 October
Greg Miller

Platts poised to take on Baltic Exchange in dry freight futures

The Baltic Exchange has been unrivaled in its creation of indices for dry freight futures. That may be about to change.

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02 October
Greg Miller

Sanctions still stoking supertankers

Crude tanker rates continue to surge, driven by geopolitical tensions. Meanwhile, container rates remain weak.

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01 October
Greg Miller

COSCO blacklisting sparks LNG collateral damage (with video)

U.S. sanctions targeting Iranian crude aboard Chinese ships ensnare Canadian-headquartered, New York-listed owner of Bahamas-flagged vessels carrying Russian cargoes via Arctic Sea.

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