Since the introduction of G7 oil price cap for Russia’s crude oil and refined products there have been speculations on Russia’s so-called shadow fleet being used to evade sanctions.
Russia has repeatedly stated that it...
Unipec, a wholly-owned subsidiary of China Petroleum & Chemical Corporation, remained the king of the VLCC charter market in 2022 with 746 reported fixtures, according to Poten & Partners.
However, Russia’s...
Japanese shipping heavyweight Mitsui O.S.K. Lines plans to resume energy transport business, mainly of LNG, from Russia as long as possible, the company’s President & CEO Takeshi Hashimoto said in a New Year’s...
Russian President Vladimir Putin signed an Executive Order on Tuesday, December 27, banning the sale of oil and oil products to foreign companies and individuals abiding by the price cap imposed by the Westrn nations.
To...
Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires.
Today, all eyes are set on Russia to see what vessels will be...
South Korea’s shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has canceled a contract for the construction of an LNG carrier from a client from Russia.
The contract termination was assigned to delays...