News Flash | Sea and Job

US sanctions strand Iran, Russia oil on tankers, driving up crude costs

The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up crude costs, trade sources and analysts said. Washington has imposed...

Carbon cost doubles for intra-EU bunker use with tighter regulation, bullish EUA

Also, EU Allowance contracts rose to Eur78/mtCO2e ($81/mtCO2e) on average in January from Eur68/mt in December, according to Platts data, with strong gas prices providing power plants with more incentive to burn coal — more carbon-intensive — to meet peak demand...

Baltic index declines for third day as capesize plunges to 2-year low

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell for the third straight session on Wednesday, with the capesize segment hitting an almost two-year low. The index, which factors in rates...

Russian energy official says US sanctions should not hinder oil trade with India

U.S. sanctions on Russia should not affect Moscow’s oil trade with India, Pavel Sorokin, Russia’s first deputy energy minister, said on Tuesday, adding that it was too early to assess the impact of the latest restrictions. India became the top buyer of Russian...

India may raise US, Middle East crude purchases if sanctions affect Russian flows – FIPI chief

India’s crude supplies from Russia could face some challenges due to higher shipping costs from a new set of sanctions aimed at Moscow, but the country’s crude diversification strategy will effectively address any supply gaps, keeping refiners well-supplied, the head...

The Swedish Club launches Passage Plan+ guide to enhance safe navigation

Marine insurance specialist, The Swedish Club, today announced the launch of its Passage Plan+ Guide, an essential resource designed to support shipowners, operators, and navigational officers. Voyage/Passage planning is something that must be carried out for every...

US sanctions strand Iran, Russia oil on tankers, driving up crude costs

Carbon cost doubles for intra-EU bunker use with tighter regulation, bullish EUA

Baltic index declines for third day as capesize plunges to 2-year low

Russian energy official says US sanctions should not hinder oil trade with India

India may raise US, Middle East crude purchases if sanctions affect Russian flows – FIPI chief

The Swedish Club launches Passage Plan+ guide to enhance safe navigation

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