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Fuel Sales at Singapore Bunker Hub Hit Record Highs in 2024
Shipping
January 15, 2025
From 
Reuters
 via 
gCaptain

Fuel Sales at Singapore Bunker Hub Hit Record Highs in 2024

Marine fuel sales reached fresh highs at the world's largest bunker hub of Singapore in 2024, official data showed on Wednesday, driven by record container throughput and higher deliveries of alternative marine fuels.
NATO Launches Baltic Sentry to Protect Undersea Infrastructure in Baltic Sea
Shipping
January 15, 2025
From 
Mike Schuler
 via 
gCaptain

NATO Launches Baltic Sentry to Protect Undersea Infrastructure in Baltic Sea

NATO has launched a major maritime security operation called “Baltic Sentry” in response to a series of suspicious incidents targeting critical undersea infrastructure in the Baltic Sea. The operation was...
Tanker Rates Extend Rally on Sanctions, Demand to Load Mideast Oil, Products
Shipping
January 15, 2025
From 
Reuters
 via 
gCaptain

Tanker Rates Extend Rally on Sanctions, Demand to Load Mideast Oil, Products

Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia's fleet and traders' demand for ships to load Middle East oil for Asia, industry sources said on Wednesday.
IMO Chief Sees Shadow Fleet Risks Growing
Shipping
January 14, 2025
From 
Reuters
 via 
gCaptain

IMO Chief Sees Shadow Fleet Risks Growing

The safety risks posed by unregulated oil tankers are rising, and the so-called shadow fleet is a threat to both the maritime environment and seafarers, the head of the United Nations' shipping agency said on Tuesday.
InterManager Launches Campaign to Tackle Criminalization of Seafarers
Shipping
January 14, 2025
From 
Mike Schuler
 via 
gCaptain

InterManager Launches Campaign to Tackle Criminalization of Seafarers

The maritime industry is being urged to take action to address the alarming rise in criminalization of seafarers. A new campaignInter from InterManager, the international trade association for ship management,...
Dry Bulk Market Poised for 2025 Upturn, Drewry Says
Shipping
January 14, 2025
From 
Mike Schuler
 via 
gCaptain

Dry Bulk Market Poised for 2025 Upturn, Drewry Says

The dry bulk shipping sector is heading for stronger earnings in 2025, driven by environmental regulations reshaping vessel supply and sustained commodity demand, according to maritime research firm Drewry. Drewry’s...
Oil Shipping Rates Surge After US Sanctions Hit Availability
Shipping
January 14, 2025
From 
Reuters
 via 
gCaptain

Oil Shipping Rates Surge After US Sanctions Hit Availability

Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said.
Russia’s Arctic Oil Feels The Chill From U.S. Sanctions
Shipping
January 14, 2025
From 
Reuters
 via 
gCaptain

Russia’s Arctic Oil Feels The Chill From U.S. Sanctions

Russia's vast Arctic oil business is facing major disruption from U.S. sanctions on its tankers and depots, stranding crude supplies previously snapped up by Asian buyers in storage, according to three sources familiar with its logistics.
Baltic Sea Cable Cuts Can’t Be Accident, EU Tech Chief Says
Shipping
January 14, 2025
From 
Bloomberg
 via 
gCaptain

Baltic Sea Cable Cuts Can’t Be Accident, EU Tech Chief Says

The European Union’s new digital chief, Henna Virkkunen, suggested the repeated damage to undersea cables in the Baltic Sea couldn’t be fully accidental, as leaders from the region prepare to gather for a NATO summit devoted to the topic.
US Sanctions on Russia Ripple Through Tanker Market
Shipping
January 13, 2025
From 
Bloomberg
 via 
gCaptain

US Sanctions on Russia Ripple Through Tanker Market

Oil tanker rates jumped on Monday as the Biden Administration’s sanctions on Russia’s petroleum trade threaten to cut the supply of ships while forcing traders to seek alternative sources of crude.
New Sanctions to Test Russia’s Shadow Fleet Resilience
Shipping
January 13, 2025
From 
Reuters
 via 
gCaptain

New Sanctions to Test Russia’s Shadow Fleet Resilience

Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to restrictions on tankers, analysts and traders said on Monday.
US Slaps Sanctions on Chinese Yard Wison For Supplying Technology to Arctic LNG 2
Shipping
January 13, 2025
From 
Malte Humpert
 via 
gCaptain

US Slaps Sanctions on Chinese Yard Wison For Supplying Technology to Arctic LNG 2

Time has run out for Chinese technology provider Zhoushan Wison Offshore and Marine, a key partner in Novatek’s Yamal LNG and Arctic LNG 2 projects. The company’s brazen scheme to deliver a large power plant from its Zhoushan yard to the Russian Arctic last fall has now garnered the attention of US officials, resulting in sanctions against Wison and several vessel operators.