Ukrainian ports on the Danube river need to be protected from air attacks to rebuild trust following recent Russian strikes and ensure grain exports can continue, the general director of the Danube Commission said. The Danube is Ukraine’s last waterborne way to export grain after access to its...
Russia’s invasion of Ukraine has led to changes in its energy cooperation with African countries — once touted as a priority target for future upstream investment abroad. Western sanctions are making alternative energy partners and markets, including Africa, increasingly important for Russia....
https://www.hellenicshippingnews.com/russia-reshaping-africa-energy-links-after-ukraine-invasion/
This summer, the world of competitive sailing is set to witness a historic moment as the Dutch sailing organization Watersportverbond introduces their first-ever emission-free, hydrogen-powered coach boat, the H2C Boat, at the 2023 World Sailing Championships in The Hague, Netherlands. The H2C...
Oil prices slipped in Asian trade on Friday but were on track for a fifth straight week of gains following strong economic data in the U.S., and on speculation over Chinese stimulus measures and OPEC+ output cuts. Brent crude fell 29 cents, or 0.3%, to $83.95 a barrel by 0600 GMT, but was on track...
African leaders will look to Russian President Vladimir Putin for concrete promises on grain supplies at a summit starting on Thursday, with some also likely to seek clarity and assurances on the future of Wagner mercenaries in the continent. The gathering in St Petersburg will take place 10 days...
Europe will hit a new milestone in late 2024 once it survives its first winter without Russian natural gas pipeline supply, yet in this “new normal” prices will be persistently volatile and prone to sharp spikes, as the market is left at the mercy of LNG supply, unlikely ever to regain pre-crisis...
https://www.hellenicshippingnews.com/the-energy-crisis-a-change-in-the-zeitgeist/
EU Member States cleared the way to bring sustainable renewable fuels into maritime transport. They approved the “FuelEU Maritime” regulation today. On 12 July, the EU Parliament had also voted in favour of the agreement reached in the trilogue procedure. The new requirements will apply to ships...
https://www.hellenicshippingnews.com/eu-member-states-agree-to-the-fueleu-maritime-regulation/
Indian refiner Bharat Petroleum Corp BPCL.NS is still in talks with Russian oil major Rosneft ROSN.MM to buy oil under a term deal, its head of finance said, adding that discounts on Russian oil are narrowing. “Yes, there were discussions happening with Rosneft but not yet concluded,” Vetsa...
China is expected to ship out the most jet fuel in more than three years in July as refiners capitalise on higher margins overseas while demand from international flights remains below pre-pandemic levels, traders and analysts said. Exports of the aviation fuel are expected to stay elevated well...
Samsung Heavy Industries stayed in the black for a second consecutive quarter, reporting an operating profit of 58.9 billion won ($46.1 million) driven by its focus on high-profit vessels including liquefied natural gas (LNG) carriers. Its operating profit turned to profit compared to last year...
https://www.hellenicshippingnews.com/samsung-heavy-industries-remains-in-black-with-46m-profit/