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Unit labor costs in the US nonfarm business sector rose by 1.3% in Q2 2026, matching the revised Q1 pace, but missing market forecasts of 2.1%, preliminary data showed. This reflected a 2.7% increase in hourly compensation, up from 2.1% in Q1, alongside a 1.4% rise in productivity, up from 0.8% in the prior quarter. ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
US nonfarm business sector labor productivity rose 1.4% in the second quarter of 2026, more than market expectations of a 0.6% increase, preliminary estimates showed.
BP’s Bumerangue discovery is more than another giant Brazilian oil find: it could become the project that keeps both BP’s upstream portfolio and Brazil’s production boom alive well into the 2030s.
Canadian oil sands firm Suncor Energy Inc. said Chief Executive Officer Rich Kruger will be stepping down next April and replaced by Peter Zebedee, and in a surprise move, its chief financial officer…
President Donald Trump has spoken by phone with Federal Reserve Chair Kevin Warsh multiple times since Warsh’s confirmation in May 2026, with Bloomberg confirming a scoop first reported by the Wall…
Iran says it has reached an agreement with Oman on a route for shipping through the Strait of Hormuz. Foreign ministry spokesman Esmaeil Baqaei did not give any further details on the agreement, which…
The maritime industry faces the dual challenge of significantly reducing emissions while remaining economically competitive.
