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Category: Shipping

Category:
  • Shipping

Six dual-fuel MAN methanol ME-LGIM engines ordered for Maersk container ships

Hyundai’s shipbuilding division (HHI-SBD) has ordered 6 × MAN B&W G95ME-C10.5-LGIM dual-fuel main engines in connection with the construction of 6 × 17,000 teu container vessels for A.P. Moller – Continue Reading

Posted On : 20 Oct 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Oil Price Cap On Russian Crude Could Cause Tanker Shortage

Vitol: The re-routing of Russian crude from West to East would put a strain on the shipping sector. Vitol: Traders will face challenges in finding Aframaxes to load oil from Continue Reading

Posted On : 28 Sep 2022 Published By : Tom Whipple
Category:
  • Shipping

MARAD launches 16-month study on alternative fuels and power options for Great Lakes shipping

The US Maritime Administration (MARAD)—the US Department of Transportation agency responsible for the US waterborne transportation system— launched a 16-month study exploring low-carbon options for shipping on the Great Lakes. Continue Reading

Posted On : 26 Sep 2022 Published By : Tom Whipple
Category:
  • Europe
  • Shipping

Europe’s Scramble For Oil And Gas Is Causing A Tanker Shortage

Europe is attempting to buy as much oil and gas as it can ahead of winter, which has resulted in tankers having to travel further distances and make few voyages. Continue Reading

Posted On : 20 Sep 2022 Published By : Tom Whipple
Category:
  • Shipping

The Energy Market’s Next Crisis: Oil Tanker Shortages

As the EU ban on Russian oil and fuels looms, demand for tankers – particularly ice tankers – has been climbing. In early August, the average profit for an oil Continue Reading

Posted On : 15 Sep 2022 Published By : Tom Whipple
Category:
  • Shipping
  • Ukraine

Black Sea dry bulk trade resumes as spot grains, fertilizer cargoes enter market

Major grains houses seek spot tonnage for September laycans Freight rates to the Mediterranean, West Africa remain inconsistent The Black Sea dry bulk shipping markets have resumed spot trading as Continue Reading

Posted On : 20 Aug 2022 Published By : Tom Whipple
Category:
  • Shipping
  • USA

U.S. Shipping Backups Shift to East Coast and Gulf Coast Ports

 U.S. importers seeking relief from bottlenecks at West Coast gateways are triggering new backups at East Coast and Gulf Coast ports, adding to strains on the country’s troubled supply chains. Continue Reading

Posted On : 18 Aug 2022 Published By : Tom Whipple
Category:
  • Shipping
  • USA

Oil companies work around Jones Act to supply U.S. fuel markets

U.S. oil companies are working around a century-old shipping law to supply fuel to the U.S. East Coast, according to data from Refinitiv and oil trading sources, as high demand Continue Reading

Posted On : 18 Aug 2022 Published By : Tom Whipple
Category:
  • Shipping
  • USA

Oil Tanker Freight Rates From US to Europe Soar to Two-Year High

Shipping costs for mid-size oil tankers from the US Gulf to Europe are near the highest levels since early in the pandemic, due to changes in trade flows amid Russia’s Continue Reading

Posted On : 11 Aug 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

EU Shipowners Race to Move Russian Oil Before Sanctions Kick In

Tanker owners in Europe are shipping as much Russian crude as possible before energy sanctions against Moscow take effect in December. Since Russia’s invasion of Ukraine in February, Western nations have pledged to Continue Reading

Posted On : 18 Jul 2022 Published By : Tom Whipple
Category:
  • Shipping
  • Ukraine

Ships Seized in Mariupol

‘This is the first such incident against commercial shipping’. In the Ukrainian Port city of Mariupol, Russian-backed separatists have seized two foreign flagged ships. That’s according to Dryad Global’s latest Continue Reading

Posted On : 13 Jul 2022 Published By : Tom Whipple
Category:
  • Shipping

Ships get older and slower as emissions rules bite

 If shipping is the beating heart of global trade, its pulse is about to get slower. Faced with uncertainty about which fuels to use in the long term to cut Continue Reading

Posted On : 11 Jul 2022 Published By : Tom Whipple
Category:
  • Shipping
  • USA

Shippers lobby Biden as dreaded West Coast port labor contract expiry looms

More than 150 local, state and national trade associations implored U.S. President Joe Biden to push for a smooth and swift resolution to West Coast port labor talks ahead of Continue Reading

Posted On : 2 Jul 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Russian Oil Disappears as Tankers Go Dark Near Azores

Russian oil cargoes are increasingly disappearing from view in the Atlantic Ocean as sanctions against the nation’s exports ratchet up. In the past 10 days, at least three tankers have Continue Reading

Posted On : 23 Jun 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping
  • United Arab Emirates

Russian oil tankers get India safety cover via Dubai company

India is providing safety certification for dozens of ships managed by a Dubai subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere Continue Reading

Posted On : 23 Jun 2022 Published By : Tom Whipple
Category:
  • Shipping

Shipping Costs Soar as Russian Fallout Upends Fuel Flows

The dislocation of global fuel markets after Russia’s invasion of Ukraine has boosted the cost of shipping products such as diesel by sea. Rates to haul fuels such as gasoline Continue Reading

Posted On : 23 Jun 2022 Published By : Tom Whipple
Category:
  • Shipping

Old is gold: sky-high cost of ageing ships sounds inflation SOS

Shipping companies are transforming rust buckets into gold mines in modern-day alchemy that could fuel already rampant inflation for years to come. The disruption to world trade caused by pandemic Continue Reading

Posted On : 21 Jun 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

US fears surge in crude prices from ban on insuring Russian oil tankers

he US is urging European capitals to seek ways of easing the impact of their ban on insuring Russian oil cargoes, arguing the measure could cause global crude prices to Continue Reading

Posted On : 16 Jun 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Russian seaborne oil exports could find ways round EU insurance ban: sources

Highlights Freight for clean tankers ex-Black Sea at record highs UK likely to follow EU in insurance ban on vessels carrying Russian oil Russian crude exports largely resilient, product exports Continue Reading

Posted On : 16 Jun 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Insurance Ban Is The EU’s Biggest Blow Yet To Russian Oil Exports

The EU has just taken another drastic step to curb Russian oil revenues. Joining the UK, the EU has placed a ban on insuring and financing the marine transportation of Continue Reading

Posted On : 9 Jun 2022 Published By : Tom Whipple
Category:
  • Shipping

Asian oil buyers will feel pinch of EU insurance ban, but not immediately

 Uncertainty remains on impact of ban on oil markets: Platts Analytics China, India importers tread cautiously, look for alternative options Even if Russian insurers provide coverage, re-insurers will be unwilling Continue Reading

Posted On : 7 Jun 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Oil Tankers Make Rare Mid-Atlantic Switch of Russian Crude Cargo

Shippers of Russian crude are turning to unusual methods to move cargoes displaced from Europe over much longer distances to new customers. The most recent example is a ship-to-ship transfer Continue Reading

Posted On : 6 Jun 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Russia says it can bypass EU ban on insuring maritime oil deliveries to third countries

Medvedev expects Europe to use ‘gray’ mechanisms to import Russian oil Sees Europe facing oil deficit due to sixth sanctions package Russia expects to get around the EU ban on Continue Reading

Posted On : 6 Jun 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

EU’s Russian ships insurance ban to distort commodities trade: sources

P&I cover unavailable for sanctioned location voyages Japan closely watching EU insurance ban on Russia ships Russian shipping gets costlier The European Union’s ban on insurance and reinsurance of Russian Continue Reading

Posted On : 3 Jun 2022 Published By : Tom Whipple
Category:
  • Shipping

Rapidly Decaying Supertanker Could Explode at Any Time

‘It could leak, spill, or explode at any time, severely disrupting shipping routes’. A rapidly decaying supertanker in the Red Sea could explode at any time, a joint statement from Continue Reading

Posted On : 1 Jun 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Russian oil’s Achilles’ heel: insurance

Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and Continue Reading

Posted On : 25 May 2022 Published By : Tom Whipple
Category:
  • Agriculture
  • Shipping
  • Ukraine

Russia ready to set up corridor for ships leaving Ukraine with food, with conditions

A solution to food problem requires vast approach – Moscow This includes lifting of some sanctions from Russia – Moscow Moscow is in touch with the UN on the issue Continue Reading

Posted On : 25 May 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Russia Increasingly Using Own Oil Tankers To Boost Shipments To Asia

Russia’s state-owned oil producers Rosneft and Gazprom Neft have started to use tankers of local state tanker operator Sovcomflot to ship their crude to Asia, Bloomberg reported on Wednesday, quoting Continue Reading

Posted On : 19 May 2022 Published By : Tom Whipple
Category:
  • Shipping
  • USA

Port of Long Beach sees busiest April on record as US import strength persists

Highlights Import volumes grow 9.2% on year ‘Summertime surge’ likely as China reopens Empty exports continue monthly increases The Port of Long Beach, California said May 13 it had its Continue Reading

Posted On : 14 May 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Russian Shipping Traffic Remains Strong as Sanctions Take Time to Bite

Shipping traffic in and out of Russia has remained relatively strong in the past few months as companies have raced to fulfill contracts for purchases of energy and other goods Continue Reading

Posted On : 14 May 2022 Published By : Tom Whipple
Category:
  • Prices
  • Shipping
  • USA

Rising Diesel Costs are Straining U.S. Truckers, Shipping Operations

Diesel costs are reaching new highs across the U.S., straining the operations of trucking companies and wrecking the transportation budgets of businesses that need to ship goods. The price of Continue Reading

Posted On : 13 May 2022 Published By : Tom Whipple
Category:
  • EU
  • Russia
  • Shipping

EU drops plans to ban shipping of Russian crude in face of opposition

Brussels has shelved its plans to ban the EU shipping industry from carrying Russian crude as it struggles to push through its latest sanctions package because of anxiety among some Continue Reading

Posted On : 10 May 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Maersk made final shipment to Russia this week

Shipping group Maersk (MAERSKb.CO) made its last cargo shipment to a Russian port this week and took impairment losses and writedowns of $718 because of Russia’s invasion of Ukraine, the Continue Reading

Posted On : 4 May 2022 Published By : Tom Whipple
Category:
  • China
  • Shipping

Ships Refueling in China Show How Congestion Is Reshaping Demand

 Port congestion in China is prompting more vessels to refuel at the country’s ports as the worsening Covid-19 outbreak forces the reconfiguration of shipping routes. China supplied 4.9 million metric Continue Reading

Posted On : 25 Apr 2022 Published By : Tom Whipple
Category:
  • Shipping

Shipping Stocks Are Exploding Amid A Commodity Supercycle

The dramatic surge in commodity prices has sparked a boom in shipping stocks. Crude tankers and container-ship stocks are soaring. Runaway inflation and supply chain disruptions are pushing commodity prices Continue Reading

Posted On : 21 Apr 2022 Published By : Tom Whipple
Category:
  • China
  • Shipping

China Port Delays Spur Ships to Bypass Singapore to Refuel

 Container and bulk ships are skipping Asia’s largest refueling hub in Singapore as delays at ports in China and elsewhere prompt vessels to reschedule their stops to save time. A Continue Reading

Posted On : 19 Apr 2022 Published By : Tom Whipple
Category:
  • Climate
  • Shipping

Methane Leaks Make LNG-Powered Ships Dirtier Than Other Vessels

Leaking Methane Makes LNG-Powered Ships Dirtier Than Fuel Oil Methane leaks from ships using liquefied natural gas as fuel make most of the vessels dirtier than ones using diesel or Continue Reading

Posted On : 13 Apr 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Shipping Russian Oil Gets Costlier

It now costs more than $348,000 a day to charter an oil tanker from the port of Primorsk to northwest Europe. Daily earnings for tankers shipping oil from Russia’s Baltic Continue Reading

Posted On : 13 Apr 2022 Published By : Tom Whipple
Category:
  • China
  • Shipping

China Port Congestion Worsens as 477 Bulk Ships Waiting to Berth

Bulk carrier positions as of April 11 mapped in yellow Dotting the sea off Chinese ports are 477 bulk cargo ships waiting to deliver resources from metal ore to grain Continue Reading

Posted On : 11 Apr 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Tanker Rates Are Soaring As Traders Shun Russian Oil Cargoes

Russia’s invasion of Ukraine has pushed many Western countries to ban Russian crude. As a result, Russia’s massive fleet of oil tankers is being shunned by traders. With fewer tankers Continue Reading

Posted On : 8 Apr 2022 Published By : Tom Whipple
Category:
  • Shell
  • Shipping

Shell Idles LNG Ships Owned by Russia to Avoid Sanction Risk

The SCF Timmerman LNG tanker. Photographer: V. Tonic/Marine Traffic. Shell Plc decided to idle two liquefied natural gas vessels chartered from a Russian company, in the latest example of an Continue Reading

Posted On : 7 Apr 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Bunker markets avoid Russia as supply tightens across Black Sea: expert

Russian-origin fuel avoided in the face of reputational risk Russian companies face problems securing credit Bunkering operations move away from Russia As Russia’s war in Ukraine deepens, bunkering activity has Continue Reading

Posted On : 2 Apr 2022 Published By : Tom Whipple
Category:
  • Netherlands
  • Shipping

Thousands of Russia-Linked Ship Containers Pile Up in Rotterdam

In normal times, the Dutch port of Rotterdam is like a machine: hundreds of ships come and go each day, and tens of thousands of boxes are loaded and unloaded Continue Reading

Posted On : 1 Apr 2022 Published By : Tom Whipple
Category:
  • China
  • Shipping

Maersk warns Shanghai city lockdown to boost transport costs further

Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China’s intensifying efforts to fight the spread of COVID-19 further rattle global supply Continue Reading

Posted On : 29 Mar 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Russian Tankers Going Dark Raises Flags on Sanctions Evasion

A tanker used for shipping liquefied natural gas sits in Sabettan, Russia. Russian tankers carrying oil chemicals and oil products are increasingly concealing their movements, a phenomenon that some maritime Continue Reading

Posted On : 28 Mar 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Russia’s State-Owned Fleet of Oil Tankers Is Coming to a Standstill

Russia’s giant fleet of ocean-going oil tankers is starting to come to a standstill. Nine Aframax vessels owned by Sovcomflot PJSC have been idling at sea for more than a Continue Reading

Posted On : 11 Mar 2022 Published By : Tom Whipple
Category:
  • Shipping

War in Ukraine Puts Shipping’s Tentative Recovery in Jeopardy

Russia ’s ongoing invasion of Ukraine has the shipping industry bracing for new shocks to its labor force, which relies on experienced crew from both countries. Ukrainian and Russian seafarers Continue Reading

Posted On : 10 Mar 2022 Published By : Tom Whipple
Category:
  • Shipping

Hundreds of Ships Trapped by Ukraine War, Endangering Sailors and Global Trade

The crew on a Bangladeshi cargo ship stranded near the Ukrainian port of Olvia heard an explosion, then the bridge was engulfed in flames. A missile struck the MV Banglar Continue Reading

Posted On : 9 Mar 2022 Published By : Tom Whipple
Category:
  • Russia
  • Shipping

Shipping giant Maersk steers clear of Russia as Western net tightens

Shipping giant Maersk (MAERSKb.CO) will temporarily halt all container shipping to and from Russia, deepening the country’s isolation as its invasion of Ukraine sparks an exodus of Western companies. The Continue Reading

Posted On : 1 Mar 2022 Published By : Tom Whipple
Category:
  • Shipping

Why the Black Sea Matters to Commodity Markets

The Black Sea — a major artery for the movement of commodities at the crossroads of Europe and Asia — is suddenly drawing the world’s attention as the conflict in Continue Reading

Posted On : 28 Feb 2022 Published By : Tom Whipple

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