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December 16, 2024
Denys Schmyhal, Ukrainian Prime Minister, said that a deal to allow the transit of Russian Gas through Ukraine would not be extended past the end of this year as certain European countries intensified their search for supplies. Shmyhal wrote…
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December 16, 2024
Denys Schmyhal, Ukrainian Prime Minister, said Monday that a deal to allow the transit of Russian Gas through his country will not be extended past the end of this year. Shmyhal wrote on Telegram after speaking with Slovak Prime Minster Robert…
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December 16, 2024
Analysts report that the Northwest European imports for residual fuel oil in November were at their highest level in three years. This was due to a rush to replenish the scarce supply of high sulphur fuel oils (HSFO). The Amsterdam-Rotterdam-Antwerp (ARA) area…
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December 16, 2024
In a Monday statement, the EU Commission announced that it had adopted a fifteenth package of sanctions for Russia's invasion of Ukraine. This included tougher measures towards Chinese entities, and more vessels of Moscow's shadow fleet. The total number of vessels listed has increased by 52…
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December 16, 2024
In a Monday statement, the EU Commission announced that it had adopted a fifteenth package of sanctions for Russia's invasion of Ukraine. This included tougher measures towards Chinese entities, and an increase in vessels from Moscow’s shadow fleet.
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December 11, 2024
Diplomats reported that the European Union ambassadors had agreed on a 15th set of sanctions against Russia for its war in Ukraine. The package targets its shadow tanker fleet as well as Chinese companies making drones to be used by Moscow.
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December 10, 2024
Brazilian and Italian authorities announced that they had launched two joint operations Tuesday to dismantle a transnational conspiracy to transport cocaine using cargo ships or planes from South America to Europe. In Brazil, 18 arrest warrants…
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December 8, 2024
Three sources who have direct knowledge of this matter said that the first shipment of Egypt's 430,000 metric ton purchase of Russian wheat started loading on Saturday after a delay of nearly three months. The shipment of 63,000 tonnes has been…
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December 5, 2024
Three maritime security sources confirmed on Thursday that a rescue operation was underway for the crew aboard a cargo ship flying the Panamanian flag, which had been abandoned near the port of Hodeidah at the Red Sea. The number of crew members on board and the cause of the accident were not known.
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November 29, 2024
Three traders on Friday said that the freight rates for Russian oil transport are expected to increase due to the upcoming winter season and new sanctions imposed against Russian fleet. The UK has introduced the most severe sanctions against Russia's shadow fleet of merchant ships.
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November 26, 2024
EU diplomats have said that European Union envoys are set to discuss on Wednesday a 15th sanctions package in response to Russia’s invasion of Ukraine in 2022, including those affecting tankers transporting Russian oil, and Chinese companies involved in the manufacture of drones for Moscow.
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November 22, 2024
European traders reported on Friday that the Turkish state grain board TMO had issued an international tender for the sale and export of approximately 150,000 metric tonnes of animal feed barley. The deadline to submit price proposals in the tender is November 28. Between Dec. 18, 2020, and Jan.
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November 19, 2024
The agricultural firm Louis Dreyfus announced on Tuesday the construction of a new transshipment sugar terminal in Brazil's Sao Paulo State, which is expected to be finished by mid-2025. Executives from the company claim that the new terminal…
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November 17, 2024
The Transportation Ministry reported that the Nazann tanker with a length of 114 metres had a rudder problem. This caused the suspension of both directions in the Bosphorus Strait in Istanbul. The coast guard sent tugboats to the strait after the vessel had mechanical issues.
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November 14, 2024
Hapag-Lloyd's CEO said that Donald Trump's election as U.S. president sends mixed signals to global shipping. Positive macroeconomic effects could be offset by damaging tariffs. When asked about the prospects of a Trump Administration, CEO Rolf Habben Jansen said…
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November 13, 2024
Traders said that the European Union is increasingly focusing its wheat exports on the west side of Africa, after Russia dominated major markets in North Africa and Middle East. EU shipments of soft wheat or common wheat are 30 percent below their previous year's level.
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November 12, 2024
Two people familiar with the plan on Tuesday said that oil exports from Russia’s Black Sea Port of Novorossiisk will decline from 2.42 millions metric tons to 1,89 million metric tonnes, or about 460,000 barrels per daily, in November, from 2,42 million tons in Oct.
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November 11, 2024
LSEG data and traders' reports show that India and Saudi Arabia were top destinations for Russian seaborne VGO and fuel oil exports. According to calculations based upon LSEG data, the total fuel oil and VGO exported from Russian ports in October decreased by 3% compared to September.
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November 10, 2024
Al Masirah TV (the main Houthi-run television news outlet) reported Sunday that the United States and Britain conducted raids in the Yemeni capital Sanaa and the Amran Governorate, among other areas. Residents and media from the Houthi group claimed that nine raids targeted Sanaa and its suburbs…
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November 7, 2024
Moroccan importers booked several loads of European Union wheat over the past few days, boosting EU exports amid fierce competition in the Black Sea so far this year, traders reported on Thursday. According to traders, Moroccan buyers purchased…
