International
Passenger road transport: SMEs fight for survival in the time of COVID-19
Passenger road transport is the backbone of the global economy. Lees verder…
COVID-19 outbreak leads to a surge in tanker rates
The rates for chartering very large crude carriers (VLCCs) has surged exponentially due to a spike in demand for long-term offshore storage of crude oil following the Organization of Petroleum Exporting Countries’ (OPEC’s) disagreement with Russia over the impact of the coronavirus (COVID-19) and the resulting oil price crash, according to GlobalData. Lees verder…
Auto sector faces biggest existential crisis since 2007-09
The automotive sector is facing its biggest existential crisis since the 2007-2009 financial crisis with 97% of light vehicle (LV) manufacturing plants in Europe and North America temporarily shut down, says GlobalData. Lees verder…
Saudi Aramco tightens capital expenditure
Saudi Aramco plans to reduce its investment plans after oil prices crashed due to a slump in demand as a result of the coronavirus (COVID-19) pandemic. Lees verder…
Xeneta container rates alert: Coronavirus culpable as long-term contracted rates fall in atmosphere of growing uncertainty
The container shipping segment appears to have caught coronavirus, with the industry suffering its first monthly fall in long-term contracted ocean freight rates since October 2019. Lees verder…
