With the February 5th deadline looming for the setting of a price cap on oil products being exported from Russia via ships with any connection to the EU, the European Commission was reported to be considering a $100-a-barrel cap on…
The storms along the Pacific coast in Asia last week not only caused the loss of the Jin Tian (see above story) and the grounding of general cargo ship Xin Hai Zhou 2 (IMO 9507104) (IMN, January 26th) but also…
The death toll after the sinking of general cargo ship Jin Tian (IMO 9578713) in icy waters on January 25th has climbed by two to eight. The dead included six Chinese sailors, according to the Chinese consul general, who was…
Research finds revenue from Russian fossil fuels fell below pre-invasion levels for first time in October Nearly half of Russian seaborne crude shipments were carried in European-owned tankers in October in a sign of the potential upheaval in trade flows…
Pundits say a modest increase seems likely after a year of zero claims on the $3.1bn arrangement Shipowners seem likely to be faced with a modest increase in their contributions to the International Group of P&I Clubs excess of loss…
The Black Sea grain Initiative, that was set to expire this Saturday, is extended for 120 days. "I welcome the agreement by all parties to continue the Black Sea grain initiative to facilitate the safe navigation of export of grain,…
The international case involving oil carrier Heroic Idun (IMO 9858058) shows no sign of calming down, with Equatorial Guinea and Nigeria standing by their line that the crew were effectively pirates and the West African states were doing no more…
Oil products tanker Pacific Zircon (IMO 9539573) was struck by a bomb-carrying drone off the coast of Oman late on Tuesday November 15th local time, amid heightened tension with Iran. The tanker is associated with Israeli businessman Idan Ofer. Commander…
Iran confirmed yesterday the release of two Greek tankers that it seized in May, while at the same time Athens has let a detained Iranian-flagged tanker leave its waters. The Greek shipping ministry confirmed the vessels Prudent Warrior and Delta…
Indian refiners are wary of buying Russia crude oil loading after Dec. 5 when European Union sanctions take effect, pending clarity on the proposed G7 price cap mechanism, according to sources familiar with the refiners' crude purchase plans. Chinese refiners…
