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EU Imposes First-Ever Sanctions On Yamal Gas Project Targeting ‘Christophe de Margerie’ LNG Carrier
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December 16, 2024
From 
Malte Humpert
 via 
gCaptain

EU Imposes First-Ever Sanctions On Yamal Gas Project Targeting ‘Christophe de Margerie’ LNG Carrier

The EU’s 15th sanctions package against Russia for the first time targets Yamal LNG by including a carrier in service of the project.  The ice-capable tanker Christophe de Margerie, one...
Insurance Checkpoint: Baltic Sea Countries Step Up Scrutiny of Tankers Moving Russian Oil
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December 16, 2024
From 
Bloomberg
 via 
gCaptain

Insurance Checkpoint: Baltic Sea Countries Step Up Scrutiny of Tankers Moving Russian Oil

Twelve European countries are set to clamp down on tankers that move millions of barrels of Russian petroleum around the world — by asking to see how they’re protected against oil spills and other high-cost claims.
EU Expands Maritime Sanctions: 52 New Vessels Added to Russia’s Shadow Fleet Blacklist
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December 16, 2024
From 
Mike Schuler
 via 
gCaptain

EU Expands Maritime Sanctions: 52 New Vessels Added to Russia’s Shadow Fleet Blacklist

The European Union has unveiled its 15th package of restrictive measures, specifically targeting Putin’s shadow fleet and maritime circumvention efforts. The latest sanctions package introduces port access bans and service...
Yellen Won’t Rule Out Sanctions On Chinese Banks, Curbs On ‘Dark Fleet’ Oil Tankers
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December 14, 2024
From 
Reuters
 via 
gCaptain

Yellen Won’t Rule Out Sanctions On Chinese Banks, Curbs On ‘Dark Fleet’ Oil Tankers

By David Lawder, Andrea Shalal WASHINGTON, Dec 13 (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Friday that the U.S. is looking at further sanctions on “dark fleet” tankers and will not...
Ukraine Plans Grain Exports To Syria Post-Assad
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December 14, 2024
From 
Reuters
 via 
gCaptain

Ukraine Plans Grain Exports To Syria Post-Assad

KYIV, Dec 15 (Reuters) – Ukrainian President Volodymyr Zelenskiy said on Saturday he had instructed his government to set up supply mechanisms to deliver together with international organizations and partners food to...
Russia’s First Ammonia Terminal Ramps Up Exports Despite Sanctions
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December 13, 2024
From 
Reuters
 via 
gCaptain

Russia’s First Ammonia Terminal Ramps Up Exports Despite Sanctions

Russia launched the country's first ammonia sea terminal at the port of Ust-Luga on Friday, aiming to increase export capacity amid Western sanctions.
Iranian Oil Prices to China Hit New Multi-year Highs as Sanctions Hit Shipping
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December 13, 2024
From 
Reuters
 via 
gCaptain

Iranian Oil Prices to China Hit New Multi-year Highs as Sanctions Hit Shipping

The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs, trade sources and analysts said.
Wallenius Wilhelmsen Secures Contracts Worth $375M as Market Shows Signs of Cooling
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December 13, 2024
From 
Mike Schuler
 via 
gCaptain

Wallenius Wilhelmsen Secures Contracts Worth $375M as Market Shows Signs of Cooling

Wallenius Wilhelmsen has secured two major multi-year contracts with leading automotive manufacturers, both featuring biofuel components. The deals, valued at approximately $375 million combined, demonstrate a growing commitment to environmental...
EU Delegation’s Covert Campaign to Dismantle Jones Act Exposed in Government Filing
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December 12, 2024
From 
Mike Schuler
 via 
gCaptain

EU Delegation’s Covert Campaign to Dismantle Jones Act Exposed in Government Filing

A newly uncovered government disclosure has revealed a coordinated European Union effort to weaken one of America's foundational maritime laws, including through a TikTok-style influence campaign.
Singapore Port Authority Seeks Proposals to Help Scale LNG Bunkering
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December 12, 2024
From 
Reuters
 via 
gCaptain

Singapore Port Authority Seeks Proposals to Help Scale LNG Bunkering

The Maritime and Port Authority of Singapore (MPA) has launched an expression of interest (EOI) to gather proposals for scaling up liquefied natural gas (LNG) for bunkering or ship refuelling, it said in a statement on Thursday.
EU Backs Sanctions Package, Includes 45 Additional Russian Oil Tankers
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December 12, 2024
From 
Bloomberg
 via 
gCaptain

EU Backs Sanctions Package, Includes 45 Additional Russian Oil Tankers

The European Union gave preliminary backing to a 15th package of sanctions against Russia that includes an extension of an exemption for Slovakia to trade petroleum products derived from Russian oil through early June.
Nuance in Ocean Freight Rates Could Be Another Front-Loading Tea Leaf
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December 11, 2024
From 
Lori Ann LaRocco
 via 
gCaptain

Nuance in Ocean Freight Rates Could Be Another Front-Loading Tea Leaf

Ocean freight rates have jumped up  for the December 15-31 bookings signaling a tightness of space due to demand.  Logistics managers tell gCaptain the special bullet rates have quickly disappeared the time being and the spot is heading up.