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Sovcomflot keeps non-G7 tankers’ share in Russia crude exports above 80%

Russian state carrier Sovcomflot made a strong return to its home turf to transport crude in August, keeping the share of Russia’s shipments outside of the G7 price cap above 80%. Data from S&P Global Commodities at Sea and Maritime Intelligence Risk Suite showed tankers owned by the company, sanctioned by various Western authorities, loaded …

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Shipping costs could double as more liners begin complying with regulations to reduce emissions

Shipowners and operators face sharply increased costs as they gear up to comply with a slew of new decarbonisation regulations coming on stream over the next few years. The need to develop, test and implement a wide range of new technologies and infrastructure to support the use of cleaner, alternative fuels on ships is expected …

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Russia’s September western port oil loadings to rise 1.5% m/m, sources say

Russia will increase oil exports via its western ports to 1.98 million barrels per day (bpd) in September, up by just 30,000 bpd from August, despite expected start of seasonal maintenance on Russian refineries, two trade sources said. Russia needs to supply its own market with enough crude oil to produce motor fuels essential to …

Russia’s September western port oil loadings to rise 1.5% m/m, sources say Read More »

China’s Silk Road Maritime International Association announces integrated development strategy, promoting global sea transport under BRI

The Silk Road Maritime International Association, based in East China’s Fujian Province, is implementing a comprehensive development strategy to promote a global sea transportation network under the Belt and Road Initiative (BRI), offering stable and secure logistics solutions amid complex international environment. Li Nan, Secretary-General of the Silk Road Maritime International Association and the General …

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Varuna Marine Services and NAPA partners to advance Voyage Optimization Solutions

Varuna Marine Services BV, a leader in maritime technology solutions, is proud to announce a strategic partnership with NAPA, a global provider of software and data services for ship design and operations. This collaboration aims to deliver state-of-the-art voyage optimization capabilities to the maritime industry, offering customers enhanced efficiency, safety, and sustainability. Advancing Voyage Planning …

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