The price of crude oil is on a steady incline and is approaching $100/barrel. Why you ask? Because, the supply of oil is not matching the demand for fuel. Why you ask? Because on the supply side, Saudi Arabia, the world’s largest producer, has cut production by 1M barrels a day, and on the demand side, personal consumption in the post-COVID world and geopolitical forces have created robust demand.

We are all seeing the impact at the pump, especially in California where gas prices are $7.00/gallon in most communities.

As if that is not enough, on October 1st, the price of diesel jumped again due to an increase in the taxes the State of California collects. The sales tax increased from 34.5 cents to 50 cents and use tax from 9.0625% to 13%.

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TALKING TOUGH

The above video was posted to social media outlets earlier week by China's Ministry of Foreign Affairs. It demonstrates their determination not to "kneel down" to US pressure for a trade agreement as well as try to gain support from their citizens and other nations....

MAY DAY!!!

The marine terminals in Oakland will be closed today in recognition of May Day (ie, International Workers' Day). The International Longshore and Warehouse Union (ILWU) repurpose their monthly stop-work meeting (normally held the second shift of the third Thursday of...

CARB UPDATE

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SAFE TRAVELS

Between May 1 and December 31, the ocean shipping industry participates in the National Oceanic and Atmospheric Administration (NOAA) voluntary speed reduction program to protect the whales off of California's coastline. Hats off to Yang Ming and all participants.

HAPPY MOTHER’S DAY

Happy Mother's Day to all the beautiful ladies out there. Whether you are a mother or an important motherly figure to someone, you deserve to be celebrated. Enjoy your day on Sunday, May 11th. We hope you are able to enjoy what you love with those you love.

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