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Tanker – Weekly Market Monitor: Venezuela’s Crude Oil Exports Trends

As of early May 2025, the crude oil trading relationship between the United States and Venezuela has undergone a major disruption, primarily due to recent geopolitical and regulatory shifts. The most pivotal development occurred in March 2025, when the U.S. Treasury revoked Chevron’s special license to operate in Venezuela. This license had previously allowed Chevron …

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Global trade headwinds reflected in weakening volumes

International markets in 2025 have been characterised by pervasive uncertainty and significant pressure, reshaping prospects for trade, commodities, and finance, according to the latest analysis from UN Trade and Development (UNCTAD). The Trade and Development Foresights 2025 report paints a picture of global markets grappling with the lingering effects of recent shocks, tightening financial conditions, …

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Stillstrom Joins the Maritime Battery Forum to Advance Offshore Power and Charging Solutions

The Maritime Battery Forum is proud to welcome Stillstrom, an innovative company owned by the A.P. Moller-Maersk Group, dedicated to delivering offshore power and charging solutions, as its newest member. Stillstrom is dedicated to transforming offshore power supply by enabling vessels to connect to clean electricity while stationary at sea or in port. The company’s …

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IMO 2028 – A New Legislative Measure for the Decarbonisation of Shipping

On Friday 11th April 2025, the International Maritime Organization (IMO) achieved another important step towards establishing a legally binding framework to reduce greenhouse gas (GHG) emissions from ships globally, aiming for net-zero emissions by or around 2050. The IMO Net-zero Framework is the first in the world to combine mandatory emissions limits and GHG pricing across …

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Asia Fuel Oil: Spot HSFO slips into discount despite cracks’ strength

Asia’s spot differential for high sulphur fuel oil (HSFO) slumped into discounts on Friday, despite recent strength in refining cracks. The market in Asia remains amply supplied, with plentiful cargo availability from the Middle East and Russia, trade sources said. Singapore cash differential for 380-cst HSFO traded into discounts on Friday for loading dates in …

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Lloyd’s Register OneOcean machine-learning technology adopted by TotalEnergies to reduce fuel consumption and emissions

Lloyd’s Register OneOcean (LR OneOcean) has collaborated with TotalEnergies, a global multi-energy company, to deploy advanced route optimisation technology across its shipping operations. TotalEnergies has adopted LR OneOcean’s Route Optimisation solution, which combines expert master mariner oversight with sophisticated machine learning fuel modelling and hull analysis capabilities. The Route Optimisation solution harnesses the power of …

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Last Chevron-chartered vessel starts to return oil cargo in Venezuela, data and source say

A vessel chartered by Chevron CVX carrying some 300,000 barrels of Venezuelan oil was set to start discharging at a Venezuelan port on Thursday, according to shipping data and a source. It would be the last tanker to return its cargo following state company PDVSA’s order to return the crude amid payment uncertainty related to …

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El Puerto de Sevilla recibe la primera escala del crucero de expedición Sylvia Earle

Hoy ha hecho escala por primera vez en el Puerto de Sevilla el crucero de expedición Sylvia Earle, procedente de Casablanca (Marruecos). Se encuentra atracado en el muelle de Tablada desde las 10:00 hora, donde se ha producido la entrega de la metopa conmemorativa a su capitán, por parte del director de la Autoridad Portuaria de Sevilla, Ángel …

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