MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO) continued slight downward trend on Oct.13: 380 HSFO – USD/MT – 497.46 (-19.40) VLSFO – USD/MT – 807.99 (-11.25) MGO – USD/MT – 1 213.70 (-9.94) As of October 13, the MABUX MBP/DBP Index (MDI) (comparison of...
https://www.hellenicshippingnews.com/mabux-global-bunker-indexes-to-head-upwards-on-oct-14/
The International Energy Agency on Oct. 13 strongly criticized the OPEC+ group’s oil output cuts as it slashed its demand growth estimates for 2022 and 2023 on the worsening economic outlook, China’s pandemic restrictions and price rises induced by the cuts. In its monthly oil market report, the...
SAAM Towage reached an important milestone today by closing an agreement with Teck & Neptune Terminals that will allow the deployment of the first two electric tugs to its fleet. At full capacity, the new units will reduce 2,400 tons of greenhouse gases (GHG) each year. The ElectRA 2300SX tugs are...
New arrangements for disposing of redundant marine pyrotechnics, known as flares, are being rolled out by the pleasure vessel industry. This will replace the voluntary and temporary scheme which Her Majesty’s Coastguard has been providing since 2010 from 17 of its stations and the RNLI at its...
The European Commission has long been clear that Turkey should end its embargo on Cypriot-flagged ships and planes, said Transport Commissioner Adina Valean. “We are standing by Cyprus on this, and we are using all the opportunities internationally we have to raise this issue. “There are political...
https://www.hellenicshippingnews.com/eu-backs-lifting-of-turkey-embargo-on-cyprus-ships/
U.S. Treasury Secretary Janet Yellen said on Wednesday that a price cap on Russian oil exports in the $60-a-barrel range would likely be sufficient to reduce Moscow’s energy revenues while allowing profitable production. Yellen told an event at the International Monetary Fund and World Bank...
China, the world’s biggest oil importer, has bought nearly all of the cargoes of Russia’s ESPO Blend crude oil ESPO-DUB loading from the Far East port of Kozmino in September and October, according to traders and Refinitiv Eikon data. In September, 2.3 million tons of ESPO, a light crude valued by...
Pilbara Ports Authority’s (PPA) 2022 Safe Ships-Safe Ports Forum kicked off today, attracting more than 200 delegates from the marine, resources, and logistics sector. The aim of the forum is to improve port efficiency while maintaining safe operations. The two-day, invite only forum, includes a...
https://www.hellenicshippingnews.com/ppa-forum-encourages-efficiency-and-safety/
Dutch wholesale gas prices rose on Thursday after a French trade union called for extending strikes to the whole energy sector, triggering concerns of disruptions, while the market awaits European Commission regulatory decisions to curb high prices. Meanwhile, British gas prices eased following a...
Iran is storing around 60 million barrels of sanctioned oil on board tankers operated and owned by the National Iranian Tanker Company (NITC), a senior official from the firm told The Straits Times. The official, who declined to be named as he was not authorised to speak for the state-owned...