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Turmoil on the Oil Markets and the Tanker Conundrum
The oil market is experienced the full force of the Iran sanctions and shipping is next in line. In its latest weekly report, shipbroker Allied Shipbroking said that "we are following through from last week's insight on the crude oil market jump, as developments rock the validity of this new 4-year high mark in its
s Fiscal Year Totals Ahead of Last Year
The Port of Virginia is nearing the end of fiscal year 2018 and the total volume of TEUs, is 3.6 percent, or 83,000 units, ahead of where it was at this time last year. In April, the port processed 219,281 TEUs, which is a dip of 2.6 percent, or 5,900 fewer units when compared with last April. Cargo volumes at