Biden Executive Order imposes bans on Russian energy imports President Joe Biden announced today that the U.S. will ban Russian oil, natural gas and coal imports as part of the administration's response to Russia's invasion of Ukraine. In addition to the
World's largest short-sea RO/RO to add rotor sails Under an agreement reached by rotor sail specialist Norsepower Oy and logistics specialist CLdN, two 35 meters tall by 5 meters diameter tilting rotor sails will be fitted on the 2018-built M/V
Canada reopens its ports to cruise ships In an announcement welcomed by the Cruise Lines International Association (CLIA), Transport Canada has announced that cruising will return to Canadian waters in the first week of April. "The ability to welcome
VIDEO: ICS launches maritime diversity and inclusion charter The International Chamber of Shipping (ICS) has launched its inaugural Maritime Diversity and Inclusion Charter. The launch has been made in conjunction with ICS's International Women's Day campaign #ThisIsWhataSeafarerLooksLike, celebrating and showcasing
Russia oil and gas bans trigger tanker turmoil Co-ordinated measures to blacklist Russian energy commodities will significantly recalibrate seaborne trade flows for the global tanker and gas carrier...
Stranded ships abandoned as crews are removed from Ukraine Ships stuck in war zone have been abandoned as countries, owners and managers work to get crew out and reconnect...
Bulkers head to Russian port of Novorossiysk Despite the Russian port of Novorossiysk sitting in the Joint War Committee's war risk area, there are several bulkers heading...
Maran capesize crews evacuated from Ukraine port Angelicoussis Group's dry bulk arm confirms 35 seafarers safely evacuated. It is not immediately clear whether any seafarers remain on...
Congressional committees press carriers on profitability Container carriers are coming under increasing regulatory pressure in the US. The latest investigation accuses lines of 'predatory' practices during...
Gard chief says pricing now sustainable Premiums said to have now reached a level that is sustainable unless there is a surge in claims, or other...
Golden Ocean offloads older tonnage as S&P market hots up Company confirms sale of three panamax bulkers as it continues to clear out older ships from its fleet
Ukraine crisis could ease reefer capacity shortages With carrier services to Russia and Ukraine all but closed down, reefer container cargoes are also shut out. But for...
SITC positive on outlook for Asian container shipping Mid-sized box shipping carrier reports net profit of $3bn for 2021, backed by a continued market boom
Shipping's future fuels path will take time and investment Building up the expertise required to manage new fuels and technologies could take a decade, according to Glasgow-based training company
Ukraine puts Hong Kong-based financier on 'defensive' The fixed-income specialist SC Lowy, which also has been an opportunistic shipping financier, is preserving cash and waiting for better...
Hapag-Lloyd targeted in 'spear phishing' scam So-called 'spear phishing' attack comes after rival container line CMA CGM increased IT infrastructure security because of higher risks following...
Daily Briefing Shipping 'hurt' by Ukraine conflict amid record volatility on commodities market | Rising bunker prices threaten higher box freight costs...
CSSC Shipping names new general manager Mr Li, previously the deputy general manager of CSSC Huangpu Wenchong Shipbuilding, has joined the top management team of the...
DHL commits to buy 6 more 777 cargo jets from Boeing DHL is upgrading its fleet of large freighters.
Senate passes postal reform, bill heads to White House Postal Service reform legislation is headed to the White House after the Senate stamped its approval on Tuesday.
Alibaba expands cargo airline service to Brazil with Qatar Airways Think of Cainiao as the Amazon logistics of China. It's spreading its wings in Latin America.
West Coast dockworkers to Russian cargo: Nyet! Longshoremen along the U.S. West Coast say they won't touch any shipments for Russia.
Goldman sees Brent hitting $175/b this year if Ukraine war crimps more Russian exports The loss of 2 million b/d of Russia's 6 million b/d of seaborne crude and product exports would likely bring Brent spot futures prices to $145/b, while a loss of 4 million b/d would require prices reaching $175/b, the bank said in a note dated March 7.
OIL FUTURES: Crude, products rally as Biden to ban US imports of Russian oil Imports of Russian crude to the US have fallen this year. On a four-week moving average, the US imported 84,000 b/d of Russian crude as of Feb. 28, according to US Energy Information Administration preliminary data. That was down from a recent peak of 362,000 b/d in the week ended June 11.
Med HSFO price hits record high at $750/mt The move higher comes amid solid demand and as an already tight market becomes tighter with more companies halting business with Russia.
Poland calls for embargo on Russian oil and gas imports The minister acknowledged there was resistance to introducing more serious sanctions against Russia from other EU member states.
Shell to stop Russian crude purchases, all Russian energy involvement While spot purchases of Russian crude would end immediately, ending its involvement in other hydrocarbon trades would take place in a "phased manner", Shell said in a statement, expressing regret for its recent purchase of a Russian crude oil cargo following the invasion of Ukraine.
German LNG Terminal 'moves ahead at full speed' as government takes 50% stake German energy minister Robert Habeck said the LNG terminal in Brunsbuettel would allow Germany to diversify supply of natural gas away from Russia, with planning to include future use for hydrogen imports such as green ammonia.
Singapore term March ex-wharf LSMGO inked above Feb as April supply seen tightening Bullish gasoil prices have led buyers to purchase ex-wharf parcels ahead of requirements, driven by anticipation of tightening supply as South Korean refineries seasonally shut over late March-April for scheduled maintenance, industry sources said.
Singapore ex-wharf 380 CST HSFO bunker premium nears three-month high Downstream HSFO demand in Singapore was said to have remained relatively steady despite the rising bunker prices, but suppliers are concerned about securing feedstock supplies from Russia for the HSFO blending pool, according to local traders March 8.
Bunker players roil over credit, oil prices as Russia-Ukraine war rages The current market dynamics has created the perfect storm in the global bunker industry, likely accelerating consolidation as the purchasing power of independent bunker suppliers, particularly the smaller ones, wanes.
Russia warns of $300/b oil, threatens gas export ban Europe is the biggest export market for Russian oil, consuming 2.7 million b/d of crude and a further 1 million b/d of oil feedstocks/products, according to S&P Global Commodity Insights.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
