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
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
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
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
‘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
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
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
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
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
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
