Canadian National Rail Strike Brings Opportunity for Oil Shipping — Panjiva
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Canadian National Rail Strike Brings Opportunity for Oil Shipping

Canada 532 Corp - Shipping 1042 ESG 61 Energy - Conventional 478 Energy - Crude Oil 319 Mode - Rail 121 Mode - Seaborne 1853 Mode - Tanker 190 Strikes 78 U.S. 5418

The ongoing strike at Canadian National Rail has started to disrupt Canadian exports of commodities, providing an opportunity for marine shipping companies to take market share. Oil is the largest product already shipped by sea to the U.S. from Canada with 25.2 million tons shipped in the 12 months to Oct. 31, following growth of 8.8% year over year in the three months to Oct. 31. The leading U.S. importer of oil from Canada in the past 12 months was Phillips 66, based on 7.36 million tons of shipments associated with the firm in the past 12 months, according to Panjiva data, after 7....

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