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Thursday, 22 December 22
RUSSIAN OIL EXPORTS CRATER BY 54% IN THE FIRST FULL WEEK OF THE EU'S EMBARGO AMID A SHORTAGE OF TANKERS WILLING TO CARRY CARGOES - BUSINESS INSIDER
Since the European Union imposed its seaborne crude sanctions, Russian oil exports have tumbled by more than half, according to data compiled by Bloomberg.
In the week that ended December 16, which marked the first full week after the ban set in, total volumes coming out of Russia fell by 1.86 million barrels a day, or 54%, to about 1.6 million. The four-week average also dropped to a new low for 2022.
Signs also pointed to a a shortage of ship owners who were willing to transport Russian oil from an export facility in Asia, the report said.
However, the data must be viewed cautiously, as variables like weather and cargo scheduling can sway week-over-week changes in flows.
Still, other evidence has emerged that the market for ships is tightening. US oil company Exxon Mobil is avoiding hiring oil tankers that used to carry Russian supplies, according to Bloomberg.
Global energy rival Shell has also made a similar move as the possibility of some Russian oil being left over in a tanker risks violating sanctions.
While a “dark fleet” of tankers has been assembled to move Russian oil below the radar, the oil majors are making it harder for those ships to eventually go back to moving non-Russian supplies.
Staring December 5, the EU banned imports of Russian oil by sea and blocked shipping and related financial services for companies transporting Russian oil. At the same time, the EU and the G7 imposed a $60-per-barrel price cap on Moscow’s crude.
The aim is to stifle Moscow’s export revenue while still keeping Russian crude flowing on the market and preventing a supply shock that would spike prices.
For buyers abiding by the cap, some of the measures in the EU embargo are allowed, such as insurance. For those that pay above $60 a barrel, then they cannot access EU services for 90 days.
Source: Business Insider
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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
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