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☆ Blockchain Fails to Gain Traction in the Enterprise
▼ + stars: | 2022-12-15 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +7 min

Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Some companies say they haven’t found a compelling enough reason to use it. Many didn’t have digital record-keeping systems and had to make large upfront investments before they could start using blockchain, Walmart said. Walmart is using blockchain to track leafy greens and green bell peppers. Earlier this year, the state of Jharkhand in eastern India began using blockchain to track seed distributions to farmers.

More than a dozen massive oil tankers were stuck near the exit to the Black Sea, the first noticeable disruption to global energy markets after the West imposed a price cap on Russian crude. The bottleneck in the Turkish Straits, a chokepoint in global shipping, stemmed from a dispute between a group of maritime insurers and Turkish authorities. It illustrates the potential snags caused by novel sanctions that came into effect this week, even though the sanctions were designed to keep Russian oil flowing to the global market.

☆ How a 102-Year-Old Maritime Law Affects Today’s Home-Heating Prices
▼ + stars: | 2022-12-06 | by ( Costas Paris | ) www.wsj.com time to read: 1 min

As oil and gas prices for households in the Northeast U.S. hit their highest levels in years, state governors asked the federal government for help. The request includes suspending the Jones Act to skirt curbs on delivering natural gas from places like Texas to Massachusetts. Here’s more about the 102-year-old law.

Shipping companies have snapped up dozens of secondhand oil tankers this year, paying record prices for ice-class ships that can navigate frozen seas around Russia’s Baltic ports in winter. A driving force behind the purchases, say people familiar with the deals: To get Russian oil to market after the harshest sanctions to date strike Russia’s energy industry next week.

☆ LNG Freight Rates Hit $450,000 a Day as Russia Disrupts Fuel Supplies
▼ + stars: | 2022-10-19 | by ( Costas Paris | ) www.wsj.com time to read: 1 min

Daily freight rates to ship liquefied natural gas are at a record high, and prices are expected to climb further as winter approaches. Spot rates for ships commonly used to transport LNG are at $450,000 this week, a sixfold increase since the start of this year, according to the Baltic Exchange a London-based, freight-information provider. Brokers expect daily rates along main trade routes, including one from Texas to Northern Europe, to climb to $500,000 this month as the demand to charter ships remains high.

☆ Big Ocean Shipping Lines Turn to Planes as Supply-Chain Snarls Deepen
▼ + stars: | 2022-09-20 | by ( Costas Paris | Benjamin Katz | ) www.wsj.com time to read: 1 min

For the giants of ocean trade, big ships aren’t enough anymore; they need planes, too. The pandemic, which accelerated the shift toward online shopping, followed by post-lockdown demand and now the war in Ukraine, scrambled the intricate ballet that shipping companies rely on both at sea and in port to deliver goods on time. Port congestion has forced ships to wait at anchor for weeks. A lack of workers to load and unload ships has further slowed deliveries. Empty containers have piled up in places with nothing to put in them; exporters elsewhere, eager to move their goods, can’t find enough of them.

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