Greg Miller
Senior Maritime Reporter
Greg Miller is a senior maritime reporter for Lloyd’s List, based in New York. He is an award-winning journalist who has covered ocean shipping for the past two decades – five years for FreightWaves and American Shipper, and 15 years for Fairplay. He has extensive knowledge of container, crude, products, dry bulk, LNG and LPG markets, as well as shipping finance, regulation and technology.
Prior to his work for Fairplay, he served as senior editor of Cruise Industry News in New York for seven years, and editor in chief of the Virgin Islands Business Journal in St. Thomas for five years. He is a graduate of Cornell University, where he was a columnist for the Cornell Daily Sun.
Latest From Greg Miller
Russia scores more Hormuz upside with yet another US sanctions pass
As the Hormuz crisis drags on, the US has issued a third sanctions waiver on Russian oil exports. The main beneficiaries: Russian exporters, Chinese and Indian importers, and the shadow fleet operators carrying Russian crude
VLCCs are once again outperforming aframaxes and product tankers
It is not uncommon for VLCCs to earn less than smaller tankers, as they did during the Russia-Ukraine war. It happened again recently as the Hormuz crisis unfolded, but earnings power has shifted back in favour of VLCCs
Box rates up double digits on strong demand and fuel surcharges
Container lines need higher freight rates to cover massive fuel bills stemming from the Hormuz crisis. The lines are having some success — spot rates rose sharply this week
LNG shipping rates still much higher than before Hormuz crisis
A common theme in shipping is that rates have fallen sharply from the panic-induced peak just after the war began, but two and a half months later, they’ve settled at a higher level than before the war. LNG shipping is a case in point
Crude trade dynamics unsustainable, promising tanker shift ahead
The crude tanker business will be at a crossroads in the coming months if the Strait of Hormuz does not fully reopen. Stopgap measures have kept commodity prices surprisingly restrained, but these measures can’t hold the line indefinitely
Crisis-driven tanker demand propels Panama Canal to multiyear high
The Panama Canal has emerged as one of the biggest beneficiaries of the Strait of Hormuz crisis. The canal’s numbers in April were even higher than in March