Freight Rate - Truenewj

Tanker tariff relief boosts US crude, for now

amefika5 months ago04 mins

A drop in tanker rates has improved the price outlook for US crude this month as it signals stronger demand. The relief may not last too long, however, as most tanker market forecasts for the year still call for much higher rates than in 2025. “Shipping markets are freeing up and rates are plummeting from…

Trade volatility hits Hapag-Lloyd profits

amefika7 months ago02 mins

Hapag-Lloyd said nine-month profits fell as global trade disputes caused uneven demand and depressed freight rates. While the German ocean carrier’s total revenue improved to $16.05 billion from $15.28 billion in the same period a year earlier, the group’s profit fell to $946 million from $1.83 billion. “In the third quarter of 2025, profits improved…