Crude transport

Russia Builds Up A Shadow Fleet To Transport Its Oil

Credits:Alvarez/Unsplash

Even more than Russia’s domestic market, Europe was by far Russia’s biggest customer before its invasion of Ukraine in February of last year. However, because the majority of Russia’s oil imports from Europe were prohibited last year, Russia has been forced to sell more of its oil to countries like China and India, as reported by NPR.

Shadow fleet

However, Russia is in a pickle. It cannot pipe its oil to those locations the way it did for Europe, and its own fleet of...

https://mfame.guru/russia-builds-up-a-shadow-fleet-to-transport-its-oil/

The New World Record Set For Shipping Rates

LNG shipping hits all-time peak but rates expected to subside in the spring, reports Freight Waves.

LNG Shipping

It has never been more expensive to get a container of goods across the ocean. But it’s not just containers. Liquified natural gas (LNG) shipping is also rewriting the record books.

Argus reported that BP has just chartered the ship LNG Abalamabie for the equivalent of $350,000 per day. That makes it the most expensive cargo-ship charter in history, surpassing the $300,000-per-day...

https://mfame.guru/the-new-world-record-set-for-shipping-rates/

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