New wheat export tariffs could intensify 5% Russian export loss

“Between January and November 2024, Russian seaborne dry bulk exports have decreased 5% y/y, driven by a 10% y/y decrease in coal shipments. The price competitiveness of Russian coal has deteriorated, compared to Mongolian, Indonesian and Australian cargoes, and a gradual increase in exports over land to China has also contributed to this decline,” says Filipe …

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USA: Treasury Intensifies Pressure on Iranian Shadow Fleet

The United States is imposing sanctions on 35 entities and vessels that play a critical role in transporting illicit Iranian petroleum to foreign markets. This action imposes additional costs on Iran’s petroleum sector following Iran’s attack against Israel on October 1, 2024, as well as Iran’s announced nuclear escalations, building upon the sanctions issued on …

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OceanScore reviews the first year of EU ETS: what have we learned and what lies ahead?

OceanScore has identified persisting EU ETS pain points for shipping such as system readiness, data anomalies, transparency and contractual responsibility after assessing lessons learned from the first year of the regulation, with the clock ticking towards the initial settlement of emissions liabilities in 2025. “Fortunately, the EU Emissions Trading System (EU ETS) is now well …

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Japanese LSFO falls to most competitive level in North Asia amid bleak demand

Japan-delivered LSFO prices are currently the cheapest among the major regional bunkering locations for the first time this year following a sluggish November, with demand prospects in December remaining bleak amid a weaker-than-expected shipping market. Platts, part of S&P Global Commodity Insights, assessed the Japan-delivered LSFO flat price at $569/mt on Nov. 27, on par …

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El mercado náutico registra 4.883 matriculaciones de embarcaciones de recreo hasta noviembre

Balance mercado náutico – enero-noviembre 2024 El mercado náutico ha registrado, desde enero hasta noviembre, un total de 4.883 matriculaciones de embarcaciones de recreo, son 961 menos que las registradas en el mismo período del año pasado. La caída de matriculaciones que se viene produciendo a lo largo de 2024, que ha sido más acusada …

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WFW advises BOCOM Leasing on LNG carrier leasings

Watson Farley & Williams (“WFW”) advised Bank of Communications Financial Leasing Co., Ltd. (“BOCOM Leasing”) on a leasing transaction for three liquified natural gas carriers. Upon delivery, the vessels will be bareboat chartered to a disponent-owner and sub-chartered to a Middle East charterer on a long-term basis. Unlike conventional sale and leaseback transactions where the …

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