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How Smuggling Networks Use the Same Tactics as Sanctions Evaders

How Smuggling Networks Use the Same Tactics as Sanctions Evaders
The Problem Is the Same, So the Playbook Is the Same A vessel carrying crude loaded at a sanctioned terminal and a vessel carrying cocaine loaded off a Colombian beach are solving an identical problem. Both need to move cargo across international waters and into a...
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Biofuel Bunker Snapshot: Lower feedstock costs weigh on Rotterdam’s B30-VLSFO price

Biofuel Bunker Snapshot: Lower feedstock costs weigh on Rotterdam’s B30-VLSFO price
Europe Rotterdam’s B30-VLSFO (POMEME) price has dropped $36/mt in the past week, even as the Dutch port’s conventional VLSFO price has gained $23/mt over the same period. This has narrowed Rotterdam’s B30-VLSFO price premium over conventional VLSFO by $59/mt to...
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LNG Carrier Prices Fall to $245 Million, Threatening Korean Shipbuilders’ Margins

LNG Carrier Prices Fall to $245 Million, Threatening Korean Shipbuilders’ Margins
Prices for high-value vessels, including liquefied natural gas (LNG) carriers and ultra-large container ships, have begun to decline despite rising demand. Intensifying competition from Chinese shipbuilders entering the premium vessel market, coupled with their...
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US suspends Chinese vessel port fees for 2 months, will accept public comment

US suspends Chinese vessel port fees for 2 months, will accept public comment
The US Trade Representative (USTR) will take public comment through 30 October and is suspending the implementation of port fees for Chinese vessels by two months as officials from both countries continue to negotiate broader trade issues. The new fees were set to...
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Asia-US container rates mixed as capacity tightens, import demand slows; tanker rates mostly higher

Asia-US container rates mixed as capacity tightens, import demand slows; tanker rates mostly higher
Rates for shipping containers from east Asia and China to the US were mixed this week as capacity on the trade lane is expected to tighten slightly and import demand is expected to ease. Rates to the West Coast are between $7,515-8,365/FEU (40-foot equivalent unit)...
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