“Urals has been below the limit (of $60 per barrel) for quite a long time now, so many shipowners have entered the market and are offering good prices,” said one Urals trader.
A broad cross-section of American business is dialing up its opposition to the Trump administration’s plan to impose steep fees on Chinese ships calling at American ports ... .
“Shipowners ... Its share in global trading is estimated at 35% for oil, 60% for metals, 50% for cereals, and 40% for sugar, ensuring shipowners have to visit the landlocked country regularly for business.
The European Shipowners organization has released a Deloitte study on EU Shipping Competitiveness and a CE Delft study on the economic value of European shipping, both highlighting the importance of the sector.