Shipping struggles under burden of ‘confusing and disruptive’ sanctions | Marine insurers to meet US officials on Russia oil price cap | MSC to launch air freight business
Commentators complain that ‘chaotic’ sanctions need extensive compliance departments beyond the scope of most shipping firms
Partnership posts second-quarter earnings in line with expectations
Unctad secretary-general opens the Global Maritime Forum with a call to action for greater numbers and bigger sizes of ships to transit via the Black Sea as major shipowners have mostly been reluctant to commit newer, larger vessels
Industry attempts to amend EU carbon market amid delays | Why shipping’s poor progress report requires high-level attention | EU weakens Russia coal ban to combat food and energy insecurity | Marine insurers in the dark over Russian oil cap details
Backdown on coal exports made to avoid ‘potential negative consequences’
Marine insurance premiums seeing healthy growth amid uncertainties | Marine insurers avoid substantial Ukraine CTL payouts so far | Investment in LNG could result in close to $1trn of stranded assets by 2030
Lack of detail and clarity on how the price cap would be applied and enforced underscored in US briefings
U-Ming said the charterers have paid freight in full, demurrage and the majority of detention which continues to accrue
Iran is said to have been pushing Greece for concessions beyond the return of an Iranian oil cargo that was completed a month ago
A reduction in oil prices would be beneficial in a world facing the risk of a global recession, says analyst Erik Broekhuizen
Number of LNG carriers available for spot market charter remains tight, further adding to pressure on rates ahead of winter
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