Increased Cooperation Eases Shipowners’ Sanctions Exposure
By Ira Breskin, NEW YORK– Despite being clunky, sanctions that prohibit shipowners from lifting or transporting certain grades of Russian petroleum and
By Ira Breskin, NEW YORK– Despite being clunky, sanctions that prohibit shipowners from lifting or transporting certain grades of Russian petroleum and
By Mircely Guanipa and Marianna Parraga PUNTO FIJO, Venezuela, Feb 13 (Reuters) – Venezuela will contract with an Iranian shipyard to build two
By Archie Hunter, Alix Steel and Grant Smith (Bloomberg) — The “shadow fleet” of ships that transport Russian oil around the world has expanded to
(Reuters) – A European Union ban on Russian refined petroleum products including diesel and fuel oil will take effect on Feb. 5 in an effort to curb
MOSCOW, Jan 31 (Reuters) – Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship
By Julian Lee (Bloomberg) — Russia’s seaborne oil flows look as if they are moving higher. Two possible explanations: the nation is pushing more
By Chunzi Xu (Bloomberg) — New York and much of the East Coast are at risk of a gasoline shortage this summer as the European Union’s ban of
By Captain Stephen M. Carmel (CIMSEC) The Department of Defense is projected to need on the order of one hundred tankers of various sizes in the event of a
French shipowner turns to auxiliary wind propulsion to help decarbonize. French tanker company Socatra has entered into a contract with Norsepower to retrofit
By Nidhi Verma and Chen Aizhu NEW DELHI/SINGAPORE, Jan 13 (Reuters) – At least four Chinese-owned supertankers are shipping Russian
By Julian Lee (Bloomberg) — Sweeping European sanctions on the purchase and transportation of Russian oil have prompted the country to transport more
By Kevin Whitelaw (Bloomberg) — Group of Seven nations are aiming to design two price caps for Russian refined petroleum products to account for those
By Stephen Treloar (Bloomberg) — Frontline Plc, the shipping giant controlled by billionaire John Fredriksen, gave up plans to buy Euronav NV and
By Asad Zulfiqar and Sherry Su (Bloomberg) — China is snapping up cargoes of crude that would normally head to Europe, spooking the continent’s
MOSCOW, Dec 22 (Reuters) – Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December,
By Asad Zulfiqar and Alex Longley (Bloomberg) — Exxon Mobil Corp., is avoiding hiring oil tankers that previously carried cargoes from Russia, putting
By Serene Cheong, Julian Lee and Sharon Cho (Bloomberg) — There are tentative signs that oil tanker companies are avoiding sending their ships to
Proman Stena Bulk has successfully taken delivery of its fourth methanol-fueled tanker, Stena Prosperous, paving the way for methanol’s uptake as a
By Jack Wittels (Bloomberg) — Europe is bringing in diesel cargoes from around the world at close to a record pace ahead of the coming ban on shipments
By Jack Wittels (Bloomberg) — Russia has set up a site in the Baltic Sea to allow it to transfer refined fuels from one vessel onto another in a bid
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