Traders have rebranded more than $1 billion of Venezuelan oil shipments to China as Brazilian crude over the past year, according to two tanker tracking firms, company documents and four traders, helping buyers to cut logistics costs and circumvent U.S. sanctions.Independent refiners in China are the main buyers of seaborne oil shipments from countries sanctioned by the United States
On Yonges Island, South Carolina, just up the Wadmalaw River from Charleston, the fourth-generation maritime company Stevens Towing Company continues to rewrite its own history. Long known for its towing and barge work, its ship repair business is growing at light speed, transforming what began decades ago as an internal maintenance yard into a dynamic commercial shipyard serving tugs, barges
Jim Towers is Principal in Charge as well as a Senior Naval Architect and Marine Engineer at Elliott Bay Design Group. He has 45 years of marine experience in vessel design and construction with a specific emphasis on structure. A recognized industry expert in vessel design and a part of numerous vessel construction and refurbishment projects
Dutch and German oil refineries have snapped up all four cargoes of Chadian Doba crude in April to profit from soaring demand for cleaner marine fuel in Europe from shipping companies including Maersk, according to shipping data and trade sources.Asia was the main destination of Doba cargoes prior to April, as China and Malaysia received several cargoes, according to Kpler.