First Russian Ice-Class LNG Carrier Hits Water
The first Russian-built ice-class liquefied natural gas (LNG) carrier has entered sea trials, LSEG data showed on Friday, as part of Russia's efforts to raise global LNG market share despite U.S. sanctions.The tanker, named Alexey Kosygin after a Soviet statesman, was built at the Zvezda shipyard and is due to join the fleet of vessels for Russia's new Arctic LNG 2 plant, which has been delayed because of the U.S. sanctions over the conflict in Ukraine.The U.S. Treasury has also placed sanctions on the new vesselā¦
Iranian Oil Prices to China Spike as Shipping Sanctions Bite
The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs, trade sources and analysts said.Rising prices for Iranian oil as well as Russian crude are raising costs for independent Chinese refiners that account for about a fifth of demand at the world's top crude importer, underscoring challenges ahead as the Trump administration is expected to ramp up pressure on Iran.Some of the refiners are switching to supplies not under sanction restrictionsā¦
Finland Boards Vessel Suspected of Cutting Subsea Cables
Finnish authorities said they boarded and took control of an oil tanker travelling from Russia on December 26, 2024, on suspicion it caused the outage of an undersea power cable and three internet lines connecting Finland and Estonia a day earlier.The Cook Islands-registered ship, named by authorities as the Eagle S, was boarded by a Finnish coast guard crew which took command in the Baltic Sea and sailed the vessel to Finnish waters, a coast guard official told a press conference."From our side we are investigating grave sabotageā¦
āAct of Terrorismā Sinks Russian Cargo Ship Off Spanish Coast, Vessel Owner Claims
A Russian cargo ship that ran into trouble on Monday in the Mediterranean Sea and later sank was rocked by a series of three explosions in "an act of terrorism," state news agency RIA cited the vessel's owner as saying on Wednesday.Russia's Foreign Ministry said on Tuesday that the "Ursa Major," built in 2009, sank after an explosion ripped through its engine room and that two of its 16 crew were missing.RIA cited Oboronlogistika, the ship's ultimate owner and a company that is part of the Russian Defence Ministry's military construction operationsā¦
Russian Cargo Ship Sinks in Mediterranean, Two Crew Missing
A Russian cargo ship called Ursa Major sank in the Mediterranean Sea after an explosion ripped through its engine room and two of its crew are still missing, the Russian Foreign Ministry said on Tuesday.The vessel, built in 2009, was controlled by Oboronlogistika, a company that is part of the Russian Defence Ministry's military construction operations, which had previously said it was en route to the Russian far eastern port of Vladivostok with two giant port cranes lashed toā¦
Spire's Sale of Ship Tracking Arm alarms Users
French maritime data analytics platform Kpler wants to buy ship tracking company Spire Maritime, whose satellite data is a vital resource for oil traders and shipping companies, but some Spire customers fear Kpler will cut them off and have raised antitrust concerns to U.S. authorities, sources familiar with the matter say.The $241 million deal announced on Nov. 13 would give Kpler control over Spire's satellites and maritime Automatic Identification System (AIS) data stream, which tracks ships globallyā¦
Russia Testing NATOās Baltic Security
Russia is disrupting mobile communications and ship-tracking data across the Baltic Sea, endangering vessels and energy supplies to test how Western powers will respond, a Polish admiral overseeing the area said.Vice Admiral Krzysztof Jaworski said Moscow was systematically using such tactics to hide the movements of its own vessels and disrupt the operations of others in the sea which is bordered by eight NATO countries and Russia."Hybrid war in the Baltic is the biggest challenge we are facingā¦
Iranian VLCC Turns Around After Assadās Fall
A tanker carrying Iranian oil to Syria turned round in the Red Sea to head away from its original destination after the fall of Syrian President Bashar al-Assad, according to ship tracking data.The Suezmax tanker Lotus, carrying around 1 million barrels of Iranian oil, turned around just before the Suez Canal on Dec. 8 to start sailing southbound in the Red Sea, according to maritime data analytics firm Kpler.Tanker Trackers, another ship tracking source, also reported Lotus' turnaround in the Red Sea.The Iran-flagged tankerā¦
US Diesel Exports to ARA Set to Rise
Diesel shipments from the U.S. Gulf Coast to Europe's main trading and refining hub, the Amsterdam-Rotterdam-Antwerp (ARA) region, are set to rise owing to improving export margins on the back of scarce supply in Europe and rising U.S. refinery production, according to traders and ship tracking data.Europe is seeking higher transatlantic diesel imports, as weaker export margins for shipments from east of Suez slowed flows on that route in the last two months. Rising European gasoilā¦
Trump 25% Tariff Plan Includes Oil Imports
U.S. President-elect Donald Trump does not intend to spare crude oil from his planned 25% import tariffs on Canada and Mexico, sources told Reuters on Tuesday, as the oil industry warned the policy could hurt consumers, industry and national security.Canada and Mexico are the top sources of U.S. crude oil imports, together accounting for around a quarter of the oil U.S. refiners process into fuels like gasoline and heating oil, according to the U.S. Department of Energy.The U.S.
Argentina to Privatize Key Ag Transport Waterway
The Argentine government will call for a national and international public tender to privatize its stretch of the Paraguay-Parana waterway through a 30-year concession, cabinet chief Guillermo Francos said.The waterway, a natural river corridor that extends through the Parana and Paraguay rivers, is a key transport route to the sea from inland areas of Paraguay, Bolivia and southern Brazil.Argentina uses the 3,400 km-long (2,100 mile-long) waterway to move nearly 80% its foreign trade, including its massive farm exports such as processed soybeans, corn and wheat.Francos said the concession wou
Argentina to Privatize Paraguay-Parana Waterway
The Argentine government will call for a national and international public tender to privatize its stretch of the Paraguay-Parana waterway through a 30-year concession, cabinet chief Guillermo Francos said on Tuesday.The waterway, a natural river corridor that extends through the Parana and Paraguay rivers, is a key transport route to the sea from inland areas of Paraguay, Bolivia and southern Brazil.Argentina uses the 3,400 km-long (2,100 mile-long) waterway to move nearly 80% its foreign trade, including its massive farm exports such as processed soybeans, corn and wheat.Francos said the con
US LNG Exports Dip in September
U.S. exports of liquefied natural gas fell slightly in September as plant maintenance trimmed output, while Europe remained the leading destination, data from financial firm LSEG showed.Gulf Coast plants escaped any major impact from hurricanes last month, helping the U.S. to retain its status as the world's largest LNG exporter.Exports of the superchilled gas fell to 7.26 million metric tons in September, just down from August, when the U.S. sold 7.48 MT, LSEG data showed.U.S.
Antigua-flagged Vessel Damaged in Russian Attack
A Russian missile strike has damaged infrastructure and an Antigua-flagged civilian vessel in the Ukrainian port of Odesa, the regional governor said on Friday.Four people were wounded in the airstrike, Governor Oleh Kiper said on the Telegram messaging app."Debris from, according to preliminary assessment, an Iskander-M missile, damaged port and civilian infrastructure, as well as a civilian ship flying the flag of Antigua," Kiper said.The Iskander-M is a ballistic missile which flies at several times the speed of sound and has a stated range of up to 500 km (310 miles).A market source, speak
Loadings Picking up at Russia's Arctic LNG 2
The fifth cargo of liquefied natural gas (LNG) from Russia's Arctic LNG 2 has been picked up by a vessel managed by a company under U.S. sanctions, according to ship tracking data.The Arctic LNG 2 project by Russia's Novatek is also subject to Western sanctions over Russia's war with Ukraine. Novatek has said media allegations the company was involved in establishing and managing a "shadow fleet" for the Arctic LNG 2 project were untrue.On Sept. 14, the Asya Energy vessel berthed at the plant, and departed fully loaded on Sept. 15, according to data from Kpler and LSEG.
US LNG Exporters Expected to Escape Brunt of Hurricane Francine
U.S. liquefied natural gas export terminals on the Louisiana coast may have escaped the brunt of Hurricane Francine and put off a major test of their ability to withstand a direct storm hit to another day.Francine was on track on Wednesday to lash south-central Louisiana, east of Cameron Parish that is home to several of the newly operating projects, with 90 mile-per-hour (145 kph) winds. Three of the four largest U.S. LNG export facilities are in Louisiana."This hurricane seems to be avoiding the majority of the LNG facility corridorā¦
LNG Carriers Line Up At Malaysia's Bintulu Complex After Maintenance
A backlog of liquefied natural gas (LNG) tankers is waiting to load at Malaysia's Bintulu terminal this week after outages and maintenance work disrupted production, according to industry sources and shiptracking data.The Bintulu facility in Sarawak, controlled by state-owned Petronas, consists of nine LNG production trains run by four different operators with total capacity of nearly 30 million metric tons per year, making it the largest LNG-exporting complex in Asia.Petronas' MLNG joint venture completed planned maintenance on its train 7 in Augustā¦
Jet Fuel Was Stored on Ships During July's Global IT Outage
Last month's CrowdStrike IT outage that grounded scores of flights created new problems for California's fuel market, forcing U.S. traders to store jet fuel destined for the state on waterborne tankers, storage broker The Tank Tiger told Reuters this week.The outage exacerbated existing constraints on petroleum storage in California, where policies aimed at ending fossil fuel usage have made it harder to setup new oil and gas infrastructure."When it comes to petroleum products storage in California, there has been no room at the inn for several years," Ernie Barsamian, founder of U.S.
Iran Shipping Oil to New Destinations as Tehran Pushes Exports
Iran has sent small shipments of crude oil to new destinations such as Bangladesh and Oman, according to shipping sources and data, the latest sign of Tehran pushing to sustain output at close to its highest in five years.Oil sales are Iran's major revenue source and the country has been looking for ways to sidestep U.S. sanctions on its crude exports that former president Donald Trump re-imposed in 2018 over Tehran's nuclear program.Iran, which is exempt from output quotas set by the Organization of the Petroleum Exporting Countries (OPEC)ā¦
Oil Tanker that Fled Collision Site is Detained in Malaysia
A tanker that fled the scene of a fiery Friday collision off Singapore entered the area of Malaysia's Bertam floating oil terminal on Monday after being tracked down and intercepted by Malaysian authorities, shipping data from LSEG and Kpler showed.The Sao Tome and Principe-flagged supertanker Ceres I had left the scene of the collision with the Singapore-flagged tanker Hafnia Nile about 55 km (35 miles) northeast of the Singaporean island of Pedra Branca without explanation.The Ceres Iā¦
Malaysia Coast Guard Locates Tanker Involved in Collision
A tanker that was involved in a collision near Singapore last week entered the area of Malaysia's Bertam floating oil terminal on Monday morning after it was intercepted by local authorities on Sunday, shipping data from LSEG and Kpler showed.The Sao Tome and Principe-flagged supertanker Ceres I left the scene of a fiery collision with another tanker, the Singapore-flagged Hafnia Nile, on Friday.The Ceres I was found in Malaysian waters with two tugboats towing it, the coast guardā¦
Oil Tankers on Fire After Colliding Close to Singapore, Crew Rescued
Two large oil tankers were on fire on Friday after colliding near Singapore, the world's biggest refuelling port, with two crew members airlifted to hospital and others rescued from life rafts, authorities and one of the tanker operators said.Singapore is Asia's biggest oil-trading hub and the world's largest bunkering port. Its surrounding waters are vital trade waterways between Asia and Europe and the Middle East and among the busiest global sea lanes.The Singapore-flaggedā¦
Oil Tanker Seized by Iran in 2023 Anchors Near UAE Coast
A Chevron-chartered oil tanker seized by Iran more than a year ago has dropped anchor near the United Arab Emirates port of Khor Fakkan, ship tracking data showed on Monday.The Marshall Islands-flagged Advantage Sweet was boarded by Iran's military in the Gulf of Oman in April 2023 after an alleged collision with an Iranian boat.After sailing away from Iran last week, its latest position was located close to the UAE, LSEG data showed on Monday.A Chevron spokesperson said on Saturday it was aware of reports that the tanker was released on July 10."We are pleased to see the safe release of the v