American Cruise Lines introduced its first new Coastal Cat, American Eagle, during a christening ceremony in at the Massachusetts Maritime Academy campus on Buzzards Bay last week.Carol Robertson, wife of American Cruise Lines’ founder the late Charles A. Robertson, served as godmother for the ship and christened the 100-passenger American Eagle with one of her handmade
Insurance companies have notified charterers of ships operating in Russia's Black Sea ports of an increase in additional payments known as "war risk premiums", four traders said.A war risk premium was added to the common insurance costs for tankers last year after the start of Russia's military action in Ukraine, which Moscow calls a special military operation.
Russia's lack of ships and Western grain traders' shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply routes.President Vladimir Putin promised to replace Ukrainian grain with Russian shipments to Africa after Moscow in July ended an arrangement that gave Ukraine's
A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.The new owner of the 100,000 tonnes of Urals crude carried on the Leopard I was a similarly low-profile outfit, Guron Trading, also based in Hong Kong
India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations.That means the Kremlin is enjoying stronger revenues despite the West's attempts to curb funds for Russia's military operations in Ukraine.
Ukrainian grain traders union UGA asked the government on Wednesday to provide transparent rules on how cargo ships should queue before loading at Ukrainian Black Sea ports under a grain export deal brokered by the United Nations and Turkey."It is extremely important that work in Ukraine is open and transparent," UGA said in a statement.
At least one ship carrying Australian coal that was destined for China has been diverted due to uncertainty around Chinese customs policies following the easing of a ban on imports from Australia, according to traders and shiptracking data.The BBC Maryland, hauling about 12,000 tonnes of thermal coal from Australia's Newcastle terminal
The European Union's full embargo of Russian oil products came into effect on Feb. 5, but data from traders and Refinitiv show that the bulk of Russia's fuel oil and vacuum gasoil (VGO) is already being shipped to other regions, mostly in Asia.In January, less than 5% of Russian fuel oil and VGO was shipped to EU countries, including some 100,000 tonnes to Agioi Theodoroi in Greece, about 80
Exports of Russia's flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December, after a Western price cap and an EU embargo on Russian oil took effect, according to traders and Reuters calculations.Traders said Russia has been unable to fully redirect Urals exports from Europe to other markets, notably India and China
The Ukrainian port of Odesa was not operating on Sunday after the latest Russian attack on the region's energy system, Agriculture Minister Mykola Solsky said, but added that grains traders were not expected to suspend exports.Two other ports - Chornomorsk and Pivdennyi - authorized to export grains from Ukraine under a deal between Russia and Ukraine were partially operating, he said.
Russia ramped up seaborne Urals oil exports to Asia to 50% of the total over the Oct. 1-20 period ahead of a December EU embargo on the state's oil and products, according to traders and Refinitiv Eikon data.EU countries which have been primary consumers of Russian crude oil for decades will stop buying it from Dec. 5 due to the embargo imposed by the bloc.
The president of a U.S. maritime trade group has slammed a decision by the Biden administration to approve a temporary Jones Act waiver for vessels shipping oil and other essential commodities to Puerto Rico in the wake of hurricane Fiona.“Granting of this waiver rewards calculated and predatory behavior that undermines a dedicated American supply chain for Puerto Rico