saudi

Maersk Cautions Customers Over Risk of Exporting Goods

  • Maersk warns its customers that goods exported to Saudi Arabia from Turkey are very likely to be barred from entry.
  • The allegations regarding Riyadh’s embargo on Turkish goods have prompted the transportation sector to take steps.
  • Maersk warned its customers about the risks of exporting goods to Saudi Arabia from Turkey and that they could be held at the customs.

Maersk warns clients over Saudi ‘embargo’ on Turkey,says a news report in Daily Sabah.  This news report is based on the  article...

https://mfame.guru/maersk-cautions-customers-over-risk-of-exporting-goods/

Strong Crude Structure Enables Release of Crude from Floating Storage

  • There has been a strengthening in the Middle East’s Dubai crude market structure.
  • Several million barrels of the Middle East sour crude from floating tankers off Malaysia has been released.
  • Four tankers are scheduled to lift cargoes from Malaysia’s port of Sungai Linggi and Tanjung Pelepas.
  • Dubai futures inter month spreads have flipped to backwardation.
  • It is a market state where prices in the prompt months are higher than the latter months.
  • This move comes after being in a state of contango...

https://mfame.guru/strong-crude-structure-enables-release-of-crude-from-floating-storage/

Saudi forces save 31 crew members from burning ro-ro

Al Fayrouz, a Panama-flagged ro-ro vessel, caught fire on Monday, April 8, while sailing in the Red Sea. As reported by the Saudi Arabian Border Guards, the 101-meter was in international waters, 60 nautical miles off Saudi Arabia’s Farasan Islands, when the incident occurred.

The Maritime Rescue Coordination Center in Jeddah, Saudi Arabia (JMRCC) received a request from France’s Gris Nez MRCC to provide the Al Fayrouz with assistance.

French authorities had received a GMDSS distress signal from...

https://safety4sea.com/saudi-forces-save-31-crew-members-from-burning-ro-ro/

Saudi and Canadian cuts result to higher heavy crude demand

Output cuts in oil-rich Alberta and Saudi Arabia result to leaving heavy-crude refiners from the Gulf of Mexico to Asia in a challenging position. The Saudis are expected to mostly focus on paring output of heavy crude as they lead efforts to rebalance the global market, according to Bloomberg. Although curtailments in Canada have driven local prices at a record in almost a decade, others as Arab Heavy and Heavy Louisiana Sweet are also gaining a powerful position.

John Auers, executive vice...

https://safety4sea.com/saudi-and-canadian-cuts-result-to-higher-heavy-crude-demand/

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