Since coming into force, the IMO Polar Code has had a positive effect on maritime operations in polar waters, write Dan Oldford and Ed Moakler, ABS HETC, St. John’s, Newfoundland and Labrador.What is the Polar Code, When and Why did it come into force?Polar regions have many unique hazards compared to warmer waters around the world.
Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said.Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers designed to curb the world No.
Venezuelan and U.S. officials are discussing exporting Venezuelan crude to refiners in the United States, five government, industry and shipping sources told Reuters on Tuesday.Venezuela has millions of barrels of oil loaded on tankers and in storage tanks that it has been unable to ship due to a blockade on exports imposed by U.S. President Donald Trump since mid-December.