Following the recent imposition of U.S. tariffs on Canadian crude oil imports, trade flows have undergone a significant shift, with Canadian barrels increasingly redirected toward European markets. This trend is evident in the March 2025 data, which shows seaborne crude exports from Canada surging...
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HSFO: Cash differentials fall, window activity muted
Asia’s high sulphur fuel oil (HSFO) cash differentials ended the week in losses with no deals at the Singapore window for five trading sessions. The 380-cst HSFO cash premium traded at $14.55 a metric ton on Friday. The very low sulphur fuel oil (VLSFO) cash differential fell to a discount of $1.17...
https://www.hellenicshippingnews.com/hsfo-cash-differentials-fall-window-activity-muted/
World’s First Commercial-Use Ammonia-Fueled Tugboat Completes Three-Month Demonstration Voyage: GHG emissions reduced by up to 95%
The world’s first commercial-use ammonia-fueled vessel, Sakigake, has successfully completed a three-month demonstration voyage, during which the vessel engaged in tugboat operations in Tokyo Bay and achieved a GHG-emission reduction of up to approximately 95%. The vessel was completed by Nippon...
US port fees to disrupt two-thirds of the tanker fleet
The Trump administration has created chaos in the shipping market by proposing tariffs on China-built ships, which could disrupt global trade. The proposed policy by the US Trade Representative (USTR) aims to curb China’s dominance in shipbuilding by introducing hefty fees on vessels linked to...
https://www.hellenicshippingnews.com/us-port-fees-to-disrupt-two-thirds-of-the-tanker-fleet/
EXMAR Reports “Exceptional Results” for 2024
During its meeting of 27 March 2025, the Board of Directors of EXMAR (“EXMAR” or “the Company”) reviewed the results for the year ending 31 December 2024. HIGHLIGHTS 2024 §2024 marks a year of exceptional results §The infrastructure division continues its strong performance, with the successful...
https://www.hellenicshippingnews.com/exmar-reports-exceptional-results-for-2024/
Russia increases fuel supply to Bolivia amid rising energy crisis
Russia is increasing exports of motor fuels to Bolivia, according to data from LSEG vessel tracking and industry sources, as an energy crisis worsens in the Latin American country and Moscow needs to expand sales hit by Western sanctions. According to the shipping data, at least four tankers were...
Russia’s gas output down 7.3% to 131 bcm in January-February, Kommersant says
Russia’s natural gas production in January-February fell by 7.3% from a year earlier to 131 billion cubic metres (bcm) due to the end of supplies via Ukraine, warm weather and lower demand in certain industries, the Kommersant daily said on Thursday. Citing industry sources, it said that the output...
Trade of Venezuelan oil to China stalls after new Trump order
Trade of Venezuelan oil to top buyer China stalled on Tuesday after U.S. President Donald Trump’s order threatening tariffs on countries buying from Caracas created fresh uncertainty, days after U.S. sanctions targeting China’s imports from Iran. Trump’s order, which caught traders and refiners in...
https://www.hellenicshippingnews.com/trade-of-venezuelan-oil-to-china-stalls-after-new-trump-order/
Singapore fuel oil stockpiles extend rise, back above 20 mln barrels
Singapore onshore fuel oil stockpiles rose for a third week to a 13-week high, data showed on Thursday. Residue inventories were at 21.708 million barrels in the week to March 26, up 10.7% from the previous week, Enterprise Singapore data showed. Still, onshore fuel oil stockpiles has averaged at...
Russia’s LPG exports to Afghanistan boom as Europe shuns it
Russia’s exports of liquefied petroleum gas (LPG) to Afghanistan and ex-Soviet states in Central Asia have jumped following introduction of European Union sanctions against Moscow at the end of 2024, industry sources said. The European Union’s sanctions against Russia’s LPG over the war in Ukraine...
https://www.hellenicshippingnews.com/russias-lpg-exports-to-afghanistan-boom-as-europe-shuns-it/