DOF Subsea charters in another Jones Act vessel Norway's DOF ASA reports that its DOF Subsea subsidiary has chartered a second Jones Act vessel to support ongoing operations in the Gulf of Mexico (GOM). Following on from the charter of
New York Bight offshore wind lease sale attracts $4.37 billion in winning bids The just completed New York Bight offshore wind lease sale was the highest-grossing competitive U.S. offshore energy lease sale in history -attracting competitive winning bids from six companies totaling approximately $4.37 billion.
Coast Guard commissions fifth Bahrain-bound Sentinel-class FRC Bollinger Shipyards LLC president and CEO Ben Bordelon joined senior U.S. Coast Guard officials yesterday at the Port of Tampa for the commissioning of one of the newest Sentinel-class Fast Response Cutters,
Adm. Schultz reveals name of first Polar Security Cutter The Coast Guard's shipbuilding program, including the Polar Security Cutter, were among topics covered when Admiral Karl L. Schultz, commandant, U.S. Coast Guard, delivered the annual State of the Coast Guard Address,
UK bans port access to all Russian-linked vessels Russian-flagged, registered, owned, controlled, chartered, or operated vessels are covered by the ban, and legislation is due to follow
Credit chaos and emergency due diligence as shipping continues to shun Russia Bunker suppliers are halting all Russian business while companies across the industry seek legal guidance and race to manage Russian...
Cyber-risk insurance: Not as easy as you would think In principle, it should be straightforward to come up with insurance products that cover shipowners and others in the maritime...
Bulker owners avoid Black Sea amid war escalation Bulker owners shun Russia, with some trying to unwind positions as the situation surrounding the military incursion into Ukraine unfolds
Chief executives are first line in solid cyber-security defence Industry associations have issued detailed cyber-security guidelines to help their members through the minefield; they are aligned in stressing the...
The modern three Rs: ransomware, recommendations and regulation? Hill Dickinson's Mark Weston, who specialises in digital crime, suggests it is time for shipping to wake up and address...
Sanctions squeeze Russian carrier Volga-Dnepr, air cargo capacity Western sanctions on Russia will have a devastating impact on all-cargo airline Volga-Dnepr. Shippers will feel some pain too.
Suez Canal toll hike: 'Global trade just got more expensive' The increase in Suez Canal tolls range between 5%-10% and become effective Tuesday.
AMERICAS BUNKERS: Key market indicators Feb. 28-March 4 In Buenos Aires, Argentina, some sources anticipated the return of more normal 0.5%S supply from refineries, while others still expected tightness to continue through the end of the week.
UK authorities issue guidance advising Russian vessels not to dock in UK ports UK secretary of state for transport Grant Schapps said in a letter posted on Twitter Feb. 28 that the department for transport does not consider it appropriate for Russian vessels to continue to enter UK ports.
IEA to hold special meeting March 1 on market stability amid Ukraine crisis The move comes a week after the IEA said its member countries "stand ready to act collectively to ensure that global oil markets are adequately supplied" as the escalating Russia-Ukraine stand-off pushed oil prices above $90/b.
Trafigura bank financing has become more 'short-term' over Russian trades due to SWIFT ban: source Rival traders Glencore, Gunvor, Vitol and Mercuria all declined to comment on the potential impact of the financial sanctions on their commodity trading with Russia.
Swedish refiner Preem stops buying Russian oil, turns to North Sea and Norway crudes Refiners and trading houses across Europe are reassessing their businesses with Russian oil companies after the invasion of Ukraine
International ports weigh restrictive measures for Russian tankers The UK is considering slapping restrictions on Russian oil tankers, as a Sovcomflot vessel approaches its state destination of Orkney, Scotland.
Pressure grows on US, EU to target Russian energy exports as sanctions escalate US reliance on Russian oil surged after January 2019 sanctions against Venezuela's PDVSA cut off flows of heavy feedstock.
Suez Canal Authority to raise transit fees by 5%-10% for tankers from March 1 Crude and refined product tankers will see a 5% rise on normal transit dues, while LNG carriers will see a 7% hike. The smaller size LPG and chemical tankers will see a 10% rise.
ONE suspends some bookings as Russia-Ukraine conflict escalates ONE also suspended booking acceptance to and from St. Petersburg, Russia until further notice, as it evaluates "operational feasibility", it said.
Market Movers Europe: Ukraine invasion weighs on markets, policymakers step in to stabilize
Asia residual fuels: Key market indicators for Feb. 28-March 4 Despite relatively brisk LSFO bunker demand at Fujairah during the week ended Feb. 25, crude oil price volatility amid the Russia-Ukraine conflict could potentially subdue demand in the ensuing days, according to local bunker suppliers.
REFINERY NEWS: Ukraine's Shebelinka halts after Russia's invasion Imports from Belarus, one of the major suppliers of oil products to Ukraine, have been halted, according to media reports.
EUROPE AND AFRICA RESIDUAL AND MARINE FUEL: Key market indicators this week Fuel oil stocks in the region represented 20.78% of total refined oil product stocks in the region, which is lower than last week's percentage share at 21.12%. The four-week rolling average was 1.076 million mt.
REFINERY NEWS: Ukraine's Kremenchuk working normally
Key China-Russia oil and gas deals, joint projects and energy investments China CNODC acquired a 10% interest in Novatek Arctic LNG 2 on June 7, 2019, giving it 1.98 million mt/year of LNG offtake at full capacity.
Russia's Gazprom says Ukraine gas transit continues normally Feb 28 Concerns over potential disruption to Russian gas flows via Ukraine continue to weigh on the European gas market, with prices up sharply since the start of the Feb. 28 gas day.
Energy traders, banks scramble to assess impact of Russian SWIFT ban As the market remains nervous about the growing risk of the scope of the new sanctions, the uncertainty has already tempered the appetite for financial commitments to buy Russian commodities.
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