CAIRO, April 26 (Reuters) – Three missiles were sighted approximately 15 nautical miles southwest of Yemen’s Mokha, British security firm Ambrey said on Friday, and the United Kingdom Maritime Trade Operations (UKMTO) said that…
https://gcaptain.com/ukmto-ship-damaged-in-missile-attack-in-red-sea/
By Charlie Bartlett (The Loadstar) – The Saudi Arabian hub port of Jeddah is reporting a two-thirds drop in calls from the top ten carriers, as re-routing vessels on Asia-European routes…
https://gcaptain.com/red-sea-reroutings-drive-up-liners-co2-emissions/
New data from Xeneta reveals an eye-popping increase in emissions as a result of the Red Sea diversion.
The Xeneta and Marine Benchmark Carbon Emissions Index (CEI) shows carbon emissions increased by 63% in Q1 2024 compared to Q4 2023 with regard to containers being shipped via ocean from the Far East to the Mediterranean. From the Far East into Northern Europe, carbon emissions increased by 23%. The index hit 107.4 points in Q1 2024 — the highest it has been since the index began in Q1 2018.
Th...
NEW DELHI/MOSCOW/ LONDON, April 26 (Reuters) – A ship controlled by U.S.-sanctioned Russian shipping giant Sovcomflot (SCF) discharged fuel oil at a western Indian port on Friday, two sources familiar…
https://gcaptain.com/india-receives-oil-cargo-in-russian-scf-tanker-after-brief-halt/
Global LNG freight rates have remained steady throughout this year, despite the number of LNG vessels available in both the Pacific and Atlantic spot markets fluctuating in 2024. At the start of the year the number of available spot vessels in the Atlantic basin stood at five ships, before dipping...
South Korea reduced imports of Saudi Arabian crude and boosted shipments of US cargoes for the second straight month in March because of more attractive feedstock trading economics for American barrels, as Persian Gulf-Asia tanker insurance costs rose in the wake of geopolitical tensions in the...
Various types of heavy-haul transportation claim to be environmentally friendly, but just how resilient one type of technology or fuel might be depends on a range of factors – such as the GHG emissions associated with producing the required fuel and whether there is a feasible chance that this type of fuel can meet the overall transportation demand.
In this white paper, Einride compares the three most talked-about alternatives to diesel – battery electric, HVO biofuel, and hydrogen fuel cell –...
By Julia Payne and Kate Abnett BRUSSELS, April 25 (Reuters) – The European Commission’s next sanctions package is expected to propose restrictions on Russian liquefied natural gas (LNG) for the first time,…
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on over a dozen entities, individuals, and ships for their role in the clandestine sale of Iranian unmanned…
https://gcaptain.com/u-s-treasury-issues-new-sanctions-over-irans-unmanned-aerial-vehicles-sales/
Aggressive European bids have been met with scarce selling interest as sellers in the global LNG market wait for stronger buying interest from emerging demand hubs elsewhere, sources said. In recent weeks, buyers across Northwest Europe have been bidding higher to attract cargoes away from Asia and...