Norway’s taxman has departing shipowners in its sights
Parliament is considering changes that could see shipowners leaving to lower tax burden paying more
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March 2024
Ten Organizations Team Up on Guidelines for Combating Illegal Wildlife Trafficking
Ten organizations have joined forces to combat illegal wildlife trafficking through increasing awareness and vigilance across global supply chains.Together, they have produced practical guidelines for all supply chain participants, with advice on measu…
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Red Sea Crisis Adds 100,000 Bpd to Global Fuel Demand
The shipping industry is consuming an additional 100,000 barrels per day of fuel to sail longer distances needed to avoid traversing the Red Sea, Vitol Chief Executive Officer Russell Hardy said on Wednesday.Total distance traveled by ships…
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Petrobras Exec Says Gas Export Possible from Colombia Project
A promising area off Colombia’s coast where Brazil state-run Petrobras is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras’ head of exploration and production said on Wednesday.As…
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Shipping Companies Turn to Longer-Term Leases as Tanker Supply Tightens
Rising oil tanker chartering rates due to global shipping disruption are forcing oil shippers to take on longer-term shipping charters, executives said this week at an energy conference in Houston.The global oil tanker fleet must now travel further to …
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