Expansion of Dangote’s refinery capacity to reshape Atlantic basin flows

The Dangote refinery’s expansion to 1.4 mbpd by 2028, doubling its current output, is expected to reshape regional trade dynamics in the Atlantic basin. As European refinery runs decline amid a wave of closures, Dangote’s growing output could redirect diesel flows and position it as one of Europe’s major suppliers. With the reduction in US …

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Trade growth slump on near horizon

The global economy has proven “resilient” this year, despite concerns about a sharper slowdown in the wake of higher trade barriers and significant policy uncertainty, according to OECD Secretary-General Mathias Cormann, commenting on the latest Economic Outlook report. However, the report reveals a looming drag on global growth, driven primarily by escalating trade friction and …

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Delays for oil tankers in Turkish straits jump to 12 days on weather, security risks

Delays for oil tankers passing through the Turkish Straits have climbed to about 12 days for a round trip to the Black Sea, up from about seven days last week, as winter storms, heightened security risks and shorter daylight hours snarl traffic, traders said and Riverlake data in LSEG showed. The congestion, which last exceeded …

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Solstad Maritime ASA: Successful amendment and extension of existing credit facilities

Highlights from the amended facilities agreement: The term of the loan has been extended by 2 years, with maturity extended from January 2027 to January 2029. The lenders’ option to further extend the term of the loan by an additional 2 × 1 year is maintained. The amortization profile is adjusted to reflect a 7-year …

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