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India says sanctioned Russian oil tankers can discharge before Feb 27

The United States has clarified to India that tankers loaded with Russian oil have to discharge by Feb. 27 under the latest sanctions targeting Moscow’s oil revenue, India’s oil secretary Pankaj Jain told reporters at an event. Washington this month imposed sweeping...

Major oil tanker operators await insurers’ nod to resume Red Sea transit

Sources from at least two major oil tanker companies said Jan. 24 that their fleets have yet to resume transits through the Red Sea, as they await greenlights from insurers. “We will check with the insurance companies to determine whether their coverage will be valid...

Russian oil freight rates soar on sanctions-driven tanker shortage

Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed. Higher freight costs cut Russian oil sellers’...

Tighter supply drives Asia’s HSFO cracks to 17-month high; strong bunker demand boosts market

Asia’s high sulfur fuel oil refining margins have surged to a 17-month high, driven by limited prompt availability and expectations for tighter overall supplies due to recent US sanctions on Russia’s energy industry, with downstream bunker demand expected to remain...

Baltic index logs third weekly loss on weaker rates across vessel segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday and posted its third straight weekly loss, weighed down by weaker rates across vessel types. The overall index, which factors in rates for...

Danelec and Thetius Prepare to Launch Groundbreaking Report on the Application of High-Frequency Data for Safer, Greener Shipping

Danelec, a leader in maritime digitalization and performance optimization, has collaborated with maritime technology intelligence firm Thetius to publish a pivotal new report, From Data to Action: Unlocking the Value of High-Frequency Data (HFD) to Enhance Safety and...

India says sanctioned Russian oil tankers can discharge before Feb 27

Major oil tanker operators await insurers’ nod to resume Red Sea transit

Russian oil freight rates soar on sanctions-driven tanker shortage

Tighter supply drives Asia’s HSFO cracks to 17-month high; strong bunker demand boosts market

Baltic index logs third weekly loss on weaker rates across vessel segments

Danelec and Thetius Prepare to Launch Groundbreaking Report on the Application of High-Frequency Data for Safer, Greener Shipping

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