Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new US sanctions on Russian producers and ships curb supplies to Moscow’s […]
The UK is leading a bid to stamp out falsely flagged ships at the International Maritime Organization (IMO). In a submission to the IMO’s legal committee, backed by 21 other countries, the UK has counted […]
The number of vessels hit by sanctions has surpassed 1,000 with data from S&P Global Market Intelligence showing that more 800 of these ships do not have confirmed insurance. Moreover, the average age of sanctioned […]
The US on Friday announced the most sweeping and aggressive sanctions yet on Russia’s oil trade, just ten days before Joe Biden leaves the White House to be replaced by Donald Trump as president. If […]
Spark30S Atlantic freight rates dropped by $750 to $24,000 per day, and Spark25S (Pacific) remained steady at $21,750 per day, Qasim Afghan, Spark’s commercial analyst, told LNG Prime on Friday. “January 2025 is currently on course […]
Hannes van Rijn / Marine Traffic The Eagle S, the Russia-linked tanker at the centre of the latest cable cutting incident in the Baltic, will not be able to leave Finnish waters for some time […]
Oman LNG announced the shipment via social media on Tuesday. Howveher, the firm did not provide any further details regarding the shipment. The 2018-built 173,400-cbm, Magdala, was located on Wedesday at the LNG plant in […]
The Joint Expeditionary Force (JEF) has activated an advanced UK-led reaction system to track potential threats to undersea infrastructure and monitor the Russian shadow fleet, following damage to a major undersea cable in the Baltic […]
The LNG carrier Pioneer, carrying sanctioned Russian LNG, was unable to find a buyer after a four-month global search. The ship was forced to return to the Koryak floating storage unit in Kamchatka, where the […]
New Delhi is transforming its maritime sector with a $10 billion investment over the next 25 years India is aiming to emerge as one of the world’s leading shipbuilding nations, cementing its position in […]
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