A global shortage of tankers has sent oil-shipping rates soaring, complicating logistics for refiners and traders. The tight market is driven by rising demand for crude transport alongside a limited fleet of available vessels. Shipping companies are scrambling to secure capacity, driving up spot rates to multi-year highs. Analysts warn the situation could persist through the summer months as seasonal demand peaks.

Meanwhile, logistics giant Kuehne+Nagel struck a strategic deal with Amazon to expand e-commerce fulfillment services across Europe and North America. The partnership aims to streamline supply chains for third-party sellers using Amazon’s marketplace. Separately, scientists report progress in combating citrus greening, a bacterial disease devastating Florida’s orange groves. Researchers have identified a promising genetic marker that may lead to resistant tree varieties, offering hope for the state’s $9 billion citrus industry.