Shipping
Articles
From
Lori Ann LaRocco
via
gCaptain
Tankers Diverting Strait of Hormuz Region as U.S./ Israel Strikes on Iran Intensify
Tankers Vessel tracking data show the magnitude in the amount of trade trying to safely navigate around the U.S./Israel strikes on Iran and Iran’s retaliation.

From
Bloomberg
via
gCaptain
Russian Oil Tanker Diverts From Cuba as Trump Naval Blockade Deters Shipments
The tanker Sea Horse carrying 200,000 barrels of Russian gas oil diverted from Cuba and is now drifting in the North Atlantic. The move worsens Cuba's fuel crisis as Trump's Caribbean naval blockade deters shipments to the island.

From
Bloomberg
via
gCaptain
Russia and Iran Launch Oil Price War for Chinese Buyers as India Retreats
Russian and Iranian oil producers are slashing prices in a fierce competition for Chinese buyers after India cut imports by 40%. Nearly 48 million barrels of Iranian crude now sit stranded at sea as China's independent refiners reach capacity limits.

From
Mike Schuler
via
gCaptain
Container Spot Rates Extend Losing Streak Despite Factory Reopenings
Drewry World Container Index reveals global container shipping rates fell 1% to $1,899 per 40-foot container this week, marking the seventh consecutive weekly decline as the traditional pre-Lunar New Year...

From
Bloomberg
via
gCaptain
Bahri Charters Five Supertankers as Rates Approach $200K/Day
Saudi Arabia's National Shipping Co. (Bahri) provisionally hired at least five supertankers as freight rates approach $200,000 per day, the highest since 2020. The bookings signal rising Saudi crude exports to Asia amid geopolitical tensions in the Strait of Hormuz.

From
Reuters
via
gCaptain
Venezuela Readies Larger Oil Cargoes for Export, Targets India
Trading houses and buyers of Venezuelan oil have chartered the first very large crude carriers (VLCCs) to export from the South American country since a Caracas-Washington supply deal began, which is set to speed up shipments starting in March while boosting deliveries to India, according to four sources and data.

From
Bloomberg
via
gCaptain
First Indian Diesel Cargo Arrives in Europe After New Russian Sanctions Take Effect
The Proteus Bohemia carrying 100,000 tons of diesel from India's Reliance facility has arrived in Rotterdam, the first such cargo since EU sanctions on Russian-sourced fuel took effect Jan. 21, testing trader confidence in the new rules.

From
Reuters
via
gCaptain
Fin Whale Ship Strikes Surge In Chilean Waters
Fin whales feeding in Chile's northern bays face escalating threats from ship collisions and fishing nets, making the region a global hotspot for whale strandings. Marine experts warn the deaths threaten climate-critical species.

From
Bloomberg
via
gCaptain
Surging Oil Tanker Rates Tipped to Go Even Higher on Iran Risk
The cost to hire oil supertankers could be headed for the highest levels this decade on the growing risk of a major US attack on Iran, and as ownership of the vessels becomes more concentrated.

From
Bloomberg
via
gCaptain
China Snaps Up Distressed Russian Oil Cargoes Shunned by India
Chinese refiners are snapping up Russian oil that India is shunning, helping Moscow to overcome a dip in purchases by the country that’s normally its biggest buyer of seaborne barrels.

From
Bloomberg
via
gCaptain
India Grants One-Month Extension to Russian Marine Insurers
India temporarily extended permission for four Russian insurers to cover tankers calling at its ports, as the government seeks to sustain crude imports while also managing US pressure to end shipments from Moscow.

From
Reuters
via
gCaptain
Denmark Hold Iran-Flagged Containership Over Registration Concerns
Denmark's maritime authority said on Thursday it had detained an Iran-flagged container vessel anchored in the Nordic country's waters on the grounds that it was not properly registered.