Record MGO Price at $1,610/ton Amid Bunker Surge from Middle East Tensions
MGO LS hits record $1,610/ton, bunker prices rise due to Middle East tensions. Scrubber spread widens to $159.37, impacting shipping costs and operations.
Drewry: Middle East Spot Rates Surge but Not Like Covid’s 200% Spikes
Drewry’s analysis shows Middle East spot freight rates surged due to Iran conflict but not near Covid’s 200% spikes. Shippers advised against panic.
Autonomous Electric Wagons Hit Memphis Rails to Boost Port Logistics
Intramotev and RJ Corman deploy autonomous electric wagons on Memphis rail for shunting, aiming to boost port logistics efficiency and align with global decarbonisation trends.