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The Amazon region is currently suffering from one of the worst droughts in years. Smoke from fires around the city Manaus is further hampering navigability in the rivers. Members and clients operating in the region should contact local correspondents for the latest information.

India looks set this  month to buy its largest amount of dirty fuels from Russia for many years. A steep decline in flows of crude oil, added to the prospect of refinery maintenance in the near future, were threatening supplies.…

In what looks to be more a case of wishful thinking than any reflection of reality, the Ukrainian Navy has announced the opening of a “temporary corridor” for ships to transfer goods from Ukrainian ports. In a post on its…

The price of Russian crude has gone past the west’s price cap of $60 a barrel, set by the Group of Seven nations, and Russian revenue from oil exports has risen to an eight-month high, according to the International Energy…

For older VLCCs, prices are falling fast. The latest rusty tanker deal filling up broking reports is a sale by South Korea’s SK Shipping which has offloaded the 19-year-old, 314,000 dwt, Samsung-built C.Champion for $37.8m. The ship has been under…

President Volodymyr Zelenskiy has held urgent discussions with his Turkish counterpart as well as the head of NATO over the weekend, desperately trying to find a way to get exports back on track out of Black Sea ports following a…

Russia has warned that from today ships travelling to Ukraine’s Black Sea ports will be considered potential military targets, as Kyiv said it would set up a temporary shipping route to continue grain exports following Moscow’s withdrawal from a deal that permitted…

After the Russian Government didn’t extend the Black Sea Grain Initiative, the deal expired yesterday. As a result, ship insurers are considering suspending coverage for any ships prepared to sail to Ukraine. The Black Sea Grain Initiative ensured a safe…