Seafarers grounded in pandemic add to strain on supply chains

Business Apr 7, 2020

Seafarers grounded in pandemic add to strain on supply chains

Port restrictions and canceled flights are straining the ability for shipping firms to replace seafarers, further weakening global supply chains already snarled by the COVID-19 pandemic. Hubs like Singapore, Abu Dhabi and Shanghai have halted most crew transfers, while global lockdowns have complicated travel from ...

Business / Corporate Mar 26, 2020

Coronavirus-hit airlines swap passengers for cargo to stay aloft

Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones and Korean strawberries. The likes of Cathay Pacific Airways Ltd., Korean Air Lines Co. and American Airlines Group Inc. are ...

Business Sep 27, 2019

Tanker costs surge as Chinese firms face sanctions over Iran oil

Oil tanker costs are surging after the U.S. slapped sanctions on Chinese companies it accused of hauling Iranian crude on Wednesday, prompting a scramble in freight markets to secure alternative vessels. Rates for ships hauling 2 million-barrel cargoes of Middle East oil to Asia have ...