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US says business with Russia’s Arctic LNG 2 faces ‘significant sanctions risk’

The US government has issued fresh warnings that doing business with Russia’s Arctic LNG 2 will face “significant sanctions risk,” a State Department spokesperson told Platts, part of S&P Global Commodity Insights, following a series of LNG cargo discharges in...

Iron Ore Shipments to China are gaining stronger momentum

Iron ore shipments to China surprisingly strengthened in August, seemingly driven by the drop in iron ore prices and preparations from Chinese mills for a traditional summer pickup. Brazilian exports, in particular, stood out: shipments increased by 7% month-...

DNV: Fleet readiness surges ahead of fuel supply – green transition at a tipping point

By 2030, the alternative-fuelled fleet will be able to burn up to 50 million tonnes of oil equivalent (Mtoe) of low-greenhouse gas (GHG) fuels annually, double the estimated volume needed to meet the International Maritime Organization’s (IMO) 2030 emissions target....

Product tanker newbuilding contracting drops 86% to nine-year low

“Between January and August, product tanker newbuilding contracting dropped 86% y/y to 2.6 million deadweight tonnes (DWT) representing a nine-year low,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. The development marks a stark reversal from the boom seen...

Tanker Market Fragmented With Performance Varying

The tanker market is fragmented with each class showing varying performance, as a direct result of changing trade flows. In a recent weekly report, shipbroker Xclusiv said that “the oil market is once again caught between contrasting narratives, with the International...

Hi-5 spread narrows amid bearish VLSFO

Asia’s hi-5 fuel oil spread narrowed further on Wednesday as the very low sulphur fuel oil (VLSFO) held onto a bearish tone. The hi-5, which reflects the premium of VLSFO over 380-cst HSFO, closed at about $72 a metric ton, based on LSEG data. The spread has shown...

US says business with Russia’s Arctic LNG 2 faces ‘significant sanctions risk’

Iron Ore Shipments to China are gaining stronger momentum

DNV: Fleet readiness surges ahead of fuel supply – green transition at a tipping point

Product tanker newbuilding contracting drops 86% to nine-year low

Tanker Market Fragmented With Performance Varying

Hi-5 spread narrows amid bearish VLSFO

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