Shipping Archives - Page 269 of 1000 - Maritime Shipping News

Lag effect: Why liner profits stay high much longer than spot rates

5 February 2023

chart showing spot container shipping rates

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Spot container shipping rates in many trades have already collapsed back to pre-COVID levels. But...

https://www.freightwaves.com/news/lag-effect-why-container-line-profits-stay-high-longer-than-spot-rates

The EU’s Ban On Russian Diesel Won’t Really Stop Fuel Flows

5 February 2023

By Jack Wittels (Bloomberg) –For decades, a steady stream of ocean tankers has filed back and forth between a small cluster of ports in northwest Europe and the Baltic Sea. Typically,…

https://gcaptain.com/the-eus-ban-on-russian-diesel-wont-really-stop-fuel-flows/

G7 price caps on Russian oil products may lead to buildup of stocks on water: Vitol’s Muller

5 February 2023

The G7 price cap on Russian oil products that went into force on Feb. 5 will likely lead to “on-the- water stock buildup” as buyers, sellers, insurers, shipowners and banks await clarity on the legality of dealing with these supplies, the head of Vitol Asia said Feb. 5. “There will be on-the-water...

https://www.spglobal.com/platts/en/market-insights/latest-news/petrochemicals/020523-g7-price-caps-on-russian-oil-products-may-lead-to-buildup-of-stocks-on-water-vitols-muller

Dramatic U.S. Coast Guard Rescue in Pacific Northwest Caught on Video

4 February 2023

Some incredible video coming from the U.S. Coast Guard’s 13th District showing the rescue of a mariner as a wave capsizes his vessel in waters off the Pacific Northwest. The…

https://gcaptain.com/dramatic-u-s-coast-guard-rescue-in-pacific-northwest-caught-on-video/

G7, Australia agree on price cap levels for seaborne Russian petroleum products

4 February 2023

The G7 and Australia announced Feb. 3 that consensus had been reached on price cap levels for Russian-origin refined oil products ahead of new sanctions kicking in to ban EU countries from importing seaborne Russian petroleum products as part of the continued global response to the Russian war in...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/020323-g7-australia-agree-on-price-cap-levels-for-seaborne-russian-petroleum-products

Ship Lease Blind Spot Could Undermine Pollution Remediation Efforts

3 February 2023

By Ira Breskin – Failure of a benchmark ship lease to address the environmental and financial impact of charterers’ operational decisions could undercut the industry’s latest pollution remediation efforts. That…

https://gcaptain.com/ship-lease-blind-spot-could-undermine-pollution-remediation-efforts/

EU Agrees to $100 Price Cap on Russian Diesel as Import Ban Looms

3 February 2023

By Jorge Valero, Alberto Nardelli and Ewa Krukowska (Bloomberg) — European Union member states agreed to impose a cap of $100 per barrel on sales of Russian diesel to third countries…

https://gcaptain.com/eu-agrees-to-100-price-cap-on-russian-diesel-as-import-ban-looms/

Russia’s ‘Shadow Fleet’ of Tankers Swells to 600 Ships, Trafigura Says

3 February 2023

By Archie Hunter, Alix Steel and Grant Smith (Bloomberg) — The “shadow fleet” of ships that transport Russian oil around the world has expanded to around 600 tankers, according to trading…

https://gcaptain.com/russias-shadow-fleet-of-tankers-swells-to-600-ships-trafigura-says/

Ultra-Competitive Freight Market Emerges for China’s Export

3 February 2023

By Mike Wackett (The Loadstar) – A parallel freight market is emerging for exports from China that undercuts the lowest container spot rates. Asia-North Europe ocean carriers are proactively quoting small-…

https://gcaptain.com/ultra-competitive-freight-market-emerges-for-chinas-export/

Explainer: EU’s Embargo and Price Cap on Russian Oil Products

3 February 2023

(Reuters) – A European Union ban on Russian refined petroleum products including diesel and fuel oil will take effect on Feb. 5 in an effort to curb Moscow’s revenues from energy exports….

https://gcaptain.com/explainer-eus-embargo-and-price-cap-on-russian-oil-products/

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