Freight rates for Russian oil shipments from Novorossiysk to India remain high despite a sharp correction in the Mediterranean tanker market, as many shipowners continue to avoid the Russian Black Sea port because of security risks, shipping and trading sources said.India has been the main buyer of Russia's Urals crude since 2022. Elevated freight costs and limited tanker availability increase costs for sellers and complicate exports…
The United States has begun importing fuel oil of Iraqi origin shipped through Syria for the first time, according to shipping data and two sources familiar with the operations, as Iraq expands a Mediterranean export route established after disruptions to Gulf trade routes earlier this year…
Saudi Arabia's crude oil loadings at its Yanbu port on the Red Sea are set to surge to a record 3.8 million barrels per day (bpd) in March, shipping data showed on Wednesday, after the U.S.-Israeli war on Iran effectively shut exports via the Strait of Hormuz…
Poland's Naftoport will build a new jetty to accommodate supertankers at its Gdansk oil terminal, its majority owner said, aiming to ease pressure on infrastructure and enable German customers to fully switch to seaborne oil supplies.To safeguard…
Energy and marine consultancy ABL launches a new entity in Namibia, expanding its growing operations in-country to support the local oil & gas market while developing its offering to support Namibia’s energy transition. “ABL has supported energy and marine projects in Namibia for over a decade…
Glenn Richey, the Raymond J. Harbert Eminent Scholar and chair of the Department of Supply Chain Management in Auburn University’s Harbert College of Business, comments on record gas prices and how the Biden administration needs to work with…
The Global Underwater Hub (GUH) announced a series of senior appointments to deliver its ambition of transforming the underwater industry in the UK, appointing a finance director and head of communications.Kirstin Gove has joined as head of communications…
