European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil - an idea of the Group of Seven (G7) nations - with an adjustment mechanism to keep the cap at 5% below the market price, according to diplomats and a document seen by Reuters.The agreement still needs approval from all EU governments in a written procedure by Friday.
John Ehresmann loves that the cost of shipping an ocean container from Asia to a U.S. port or buying a load of lumber has fallen back to earth.If only that were true for everything he buys — but it’s not.Some parts of his supply chain have clearly improved, said the vice president of global supply for Graco Inc, the Minneapolis-based maker of fluid handling equipment such as paint sprayers.
The Danish authorities on Monday asked ships to steer clear of a five nautical mile radius off the island of Bornholm after a gas leak overnight from the defunct Russian-owned Nord Stream 2 pipeline drained into the Baltic Sea.The German government said it was in contact with the Danish authorities and working with local law enforcement to find out what caused pressure in the pipeline to plummet
Swan Hellenic announced that SH Diana, the newest and largest ship in its fleet, was floated out of dry dock this week at Helsinki Shipyard.SH Diana’s fitting out is now already under way, leaving the luxury expedition cruise ship on schedule for her maiden cruise leaving Palermo, Italy for Lisbon, Portugal on April 15.
Finnish shipbuilder Helsinki Shipyard Oy, having received bids for the auction of NB518, announced that Swan Hellenic has been awarded the tender.Helsinki Shipyard has exercised the right to sell the ship by tender, provided for by the shipbuilding contract, after the original buyer, Russian-owned GTLK Europe, failed to take delivery.
Russia's oil tanker fleet is too small to fully circumvent a plan by the European Union, G7 countries and Australia to enforce a price cap on its maritime crude exports starting on Dec. 5, analysts and market watchers say.The amount Russia would be unable to export is expected to increase when EU sanctions on Russian refined product shipments take effect on Feb. 5.
U.N. Secretary-General Antonio Guterres urged Russia and Ukraine on Thursday to show a "spirit of compromise" to ensure the continued success of a U.N. brokered deal that enabled Ukraine to resume grain exports from its Black Sea ports.Guterres said after talks in the western Ukrainian city of Lviv that 21 ships had departed from Ukrainian ports under the deal in less than a month
Andrea Mather's plans for a long-awaited summer cruise around the Hawaiian islands with her financial analyst husband unraveled after her booking with Norwegian Cruise Line's Pride of America was canceled due to a staffing shortage.It was the second time this year that the 55-year-old homemaker's plan to go on a cruise was scuppered.
As the move toward advanced remote and autonomous operation of vessels proceeds at speed, Vard Electro introduced SeaQ Remote to facilitate a new generation of larger robotic vessels.The new product, which will see its debut delivery on a total of 14 newbuild marine robotic vessels contracted with shipbuilder VARD
Venezuela's PDVSA has allocated an oil cargo to a unit of Eni for a February loading, the first to the Italian firm following a contract suspension this year by new management at the state-run company, people familiar with the matter said. Eni and Spanish oil firm Repsol in May last year received authorizations from the U.S.
Prysmian Group, the energy and telecom cable systems provider, on Wednesday welcomed U.S. President Joe Biden on a visit to the site of its new subsea power cables plant in Brayton Point, Massachusetts. Prysmian said it was set to transform the area, home to the former Somerset coal plant, into a high-tech hub for the energy transition process.
SH Vega, the second of three Vega-class ships under construction in Helsinki for Swan Hellenic’s heritage brand, was recently named at Helsinki Shipyard. The naming ceremony was held on Monday July 11 with Patrizia Passalacqua as the godmother of the vessel.The series of three expedition cruise vessels have high ice class and are made for high-end cruising worldwide, including high latitude areas.