Chinese Customers Interested In Low-Cost Russian Urals Crude Cargoes
Indian refineries were reported to have taken the crudes that sources with Chinese state-owned trading firms.
Unipec is the trading arm of Sinopec, which is a leading Urals buyer in China.
China is...
FSL Files A Lawsuit Against A Charterer
However, the deal fell through due to delivery schedule delays caused by a customs probe into cargo specifications.
FSL said that the investigations are still ongoing and the vessel is still held by...
South Korean Shipbuilders Are Turning To Robots
Samsung Heavy Industries Co. recently introduced robots at its shipyard in Geoje Island to cut steel materials and weld them into blocks.
The robots have reportedly raised overall productivity by 40%.
The company...
[Podcast] Impact of Ukraine Conflict On Dry Bulk Shipping
Listen to the latest episode of Seatrade Maritime News The Maritime Podcast in which the impact war in Ukraine on the grain markets and dry bulk shipping is discussed.
Maritime Strategies International Director, Will Fray,...
Crude Oil Futures Extend Gains As EU Mulls Russian Oil Ban
Crude oil futures rose for a fourth consecutive trading day in mid-morning Asian trade March 22, reports Platts.
The reason for the rise
Crude oil futures rose for a fourth consecutive trading day in mid-morning Asian...
Tesla Gigafactory In Berlin Has Opened For Business
The milestone was reached around two and a half years after Tesla initially announced its plans to build a factory on the site.
But Tesla and its CEO have consistently defended the factory’s...
Diana Shipping Inc. Announces Time Charter With Cargill
Ca
Diana Shipping Inc. (NYSE: DSX) announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the...
Chinese Port Congestion Worsens, Carriers Change Schedules
Though Shenzhen came out of a seven-day lockdown yesterday, and while its port workers were allowed to work, supply chain issues have cropped, reports Splash 247.
Worst Covid lockdown
Shenzhen might have got through the worst...
‘We Can Kiss 1.5C Goodbye, Even 2C May Be Out Of Reach’, Warns UN...
The war in Ukraine risks putting global targets on the climate out of reach, the UN secretary general has warned, if countries respond to Russia’s aggression by increasing their use of fossil fuels, says an...
300,000 Volunteer Hackers Fight Russia
IT experts participate in fighting Russia.
Ukraine has 290,000 people who work in IT and is the world’s outsourcing tech desk.
These volunteers might start attacking targets that are not really what the...