It is now hard to believe, but the beginning of 2022 offered hope… The world finally seemed to be emerging from the Covid-19 pandemic and the havoc it had wreaked on the global supply chain. The public and private sectors had mostly returned to “busine…
Russia’s seaborne crude oil flows are trying to find new destination countries, while the US has already set an embargo on Russian oil. The E.U. is in the process of discussions for final approval by all member countries in the next six months with wav…
Russia’s Seaborne Oil Flows Changing Patterns Read More »
Crude prices are higher, especially for light/sweet fuel grades A month ago, Brent futures were around $105/bbl and there were real concerns about inflation, much slower economic growth and downwards revisions to oil demand. Despite these bearish signa…
Bunker market shifts focus to supply concerns – Will this last? Read More »
For ship owners and operators, the decision over when and where to bunker in the Middle East can have a very significant impact on their business. Getting it wrong could lead to highly inflated costs, making it vital for shipping companies to scrutinis…
How ship operators can better manage their total of cost of bunkering? Read More »
Petroleum tanker rates for routes originating in Europe rose to record highs in April 2022 because of geopolitical instability related to Russia’s full-scale invasion of Ukraine and rising marine fuel prices, also known as bunker fuel. Dirty tanker rat…