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Seawork News

 

S.Korea LNG Imports Set to Ease from Record

Jul 20, 2018

South Korean imports of liquefied natural gas are set to ease from record levels racked up in the first-half of the year, with appetite for the fuel from utilities seen fading as a raft of nuclear power stations come back online.The country's imports of the commodity jumped nearly 16 percent year-on-year to a record 22.7 million tonnes in the first six months of 2018, according to customs data in mid-July…

UN Seeks Traders' Help Enforcing North Korea Sanctions

May 22, 2018

A U.N. monitoring group wants to enlist the help of the world's biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said.The U.N. Security Council ramped…

S.Korea Fuel Oil Imports Soar

Mar 14, 2018

South Korea's move to shut coal-fired generators to control air pollution at the same time as nuclear reactors are going into scheduled maintenance is resulting in surging fuel oil imports, as utilities burn the dirty feedstock to meet power demand…

Logistics News

Russia Strikes Five Vessels in Ports Along Ukrainian Black Sea

Russia Strikes Five Vessels in Ports Along Ukrainian Black Sea

Russian Oil Freight Rates Spike On Security Risks, Vessel Availability

Russian Oil Freight Rates Spike On Security Risks, Vessel Availability

Rigid Wingsail Retrofit Successfully Completed Aboard Bulk Carrier

Rigid Wingsail Retrofit Successfully Completed Aboard Bulk Carrier

RSGT, CMA CGM Announce $434m to Develop New Container Terminal at Jeddah Islamic Port

RSGT, CMA CGM Announce $434m to Develop New Container Terminal at Jeddah Islamic Port

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Sources: Freight rates for Russian crude oil increase due to security concerns and vessel availability
United Airlines anticipates sufficient Airbus A321XLR delivery for Europe expansion in 2027
Gulf stock markets quiet as investors evaluate new US sanctions on Iran