Russia’s seaborne diesel trading partners shifted after Feb 2023 sanctions
In 2023, Brazil and Saudi Arabia replaced France and Germany as the countries with the second- and third-most seaborne diesel…
Russia’s refined oil product exports to Singapore to hit highest this year in May, traders say
Russia’s exports of naphtha to Singapore are on track to rise to their highest level this year in May as…
Russian wheat export prices keep rising as May frosts hit crops
Russian wheat export prices rose last week as the current crop was hit by unseasonal May frosts. The price of…
Energy efficiency measures can save $460m per year in LNG imports: Study
Greater efficiency in gas-fired captive power generation and productive use of waste heat can help reduce the import of LNG…
Is a closure in the Strait of Hormuz on the cards?
In a recent weekly report, shipbroker Intermodal said that “the Strait of Hormuz represents a vital artery for global trade,…
EU ETS: catalyst for change, mired in growing pains
The European Union’s Emissions Trading System (ETS) continues to cause confusion and consternation for stakeholders in shipping, with questions around…