Shipping Costs Soar as Russian Fallout Upends Fuel Flows
By Elizabeth Low (Bloomberg) — The dislocation of global fuel markets after Russia’s invasion of Ukraine has boosted the cost of shipping products
By Elizabeth Low (Bloomberg) — The dislocation of global fuel markets after Russia’s invasion of Ukraine has boosted the cost of shipping products
Tankers may face challenges when calling California ports and terminals once new amendments to the state’s Ocean-Going Vessels At-Berth Regulation take
By Ira Breskin ATHENS — Tsakos Energy Navigation Ltd., a leading tanker operator, plans to “opportunistically expand its (modest size) LNG tanker fleet
DUBAI/ATHENS, May 27 (Reuters) – Iranian forces seized two Greek tankers in the Gulf on Friday, shortly after Tehran warned it would take
By Bozorgmehr Sharafedin, Florence Tan and Chen Aizhu LONDON, May 19 (Reuters) – Iran’s crude exports to China have fallen sharply since the
By Rowena Edwards, Angeliki Koutantou and Ahmad Ghaddar LONDON/ATHENS, May 18 (Reuters) – Russian fuel oil arrivals offshore Greece
By Julian Lee (Bloomberg) — Russia’s seaborne crude exports from its western ports to Asian countries, predominantly India and China, rebounded to
By Shadia Nasralla LONDON, May 17 (Reuters) – Sea-borne oil has thrown a lifeline to refiners in eastern Germany and Poland, with non-Russian
By Marianna Parraga HOUSTON, May 12 (Reuters) – A Venezuela-owned tanker in March sailed to a remote spot in the Indian Ocean and met an
Angeliki Frangou’s Navios Maritime Partners (NYSE: NMM) has agreed to purchase four newbuild 115,000 dwt LR2 tankers. The vessels are being acquired for
By Nikos Chrysoloras, Alberto Nardelli, Alex Longley and Alaric Nightingale (Bloomberg) — The European Union is seeking to go beyond an import ban on
By Arathy Somasekhar and Stephanie Kelly HOUSTON,(Reuters) – U.S. crude exports to Europe climbed in March and April as buyers across the Atlantic
By Chunzi Xu (Bloomberg) — The U.S. West Coast is importing gasoline at a near-record pace this month to help ease supply constraints amid eye-popping
By Devika Krishna Kumar and Sheela Tobben (Bloomberg) — Oil rose to settle at its highest in three days in a volatile session as a series of challenges
What a difference a day makes. A day after the announcement of the mega merger between tanker giants Frontline (“FRO”) and Euronav (“EURN”), there were
By Alex Longley (Bloomberg) — Daily earnings for tankers shipping oil from Russia’s Baltic ports are soaring as shipowners continue to exercise
By Terje Solsvik and Victoria Klesty OSLO, April 7 (Reuters) – Belgian oil tanker group Euronav and smaller Oslo-listed rival Frontline plan to merge
WASHINGTON, March 31 (Reuters) – President Joe Biden on Thursday will announce the release of 1 million barrels of oil a day for the next six
By Chunzi Xu (Bloomberg) — U.S. fuel markets are getting even tighter as Europe’s scramble for alternatives to Russian diesel flipped New York from a
By Chunzi Xu (Bloomberg) — U.S. ports are set to admit more Russian fuel oil than they’ve seen in eight months under contracts signed prior to the
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