Four weeks after Russia’s invasion of Ukraine a few things have become clearer, but much uncertainty remains. Further sanctions have been imposed on Russia, including the US banning Russian energy imports, and more is about to come. Before United State…
Russia exports slow as war in Ukraine heads into 5th week Read More »
The two ‘Fs’ of global commodity trade – food and fuels – are key concerns for the United Nations Conference on Trade and Development (UNCTAD) as the war in Ukraine nears its fourth week. In its report on ‘The Impact on Trade and Development of the War…
Food and fuels security concerns Read More »
Just four weeks ago we wrote about Singapore VLSFO prices being at an all-time high of $765/mt. Since then, Singapore prices have hit $1,027/mt and Rotterdam prices have been even higher at $1,109/mt. The reasons are obvious and bunker prices clearly c…
Prices are high, daily volatility is high and European bunker prices are above Singapore Read More »
“ What maximum winds are expected in the storm area?” That is one of Standard Marine Communication Phrases under the International Maritime Organization (IMO) that officers in charge of navigation on ships, whatever their nationality, must be able to u…
The IMO and WMO – Providing weather information to support safe navigation Read More »
In recent days the shipping industry is facing severe challenges with uncertainty on the threat of a ban on Russian exports. The U.S. has eventually officially announced the decision of banning Russian oil imports and the reaction of Russia came later …
Russian-Ukraine Crisis. Thoughts on Russian Export Ban Read More »