Some VLGCs carrying propane and VLCCs carrying crude have joined LNG carriers in shipping’s six-figures-per-day club.
The $3.3 billion acquisition of Meritor Inc. took a bite out of Cummins’ Q3 earnings as did underperforming joint ventures in China.
The “shadow fleet” is not large enough to save Russian oil exports from Western sanctions, according to multiple analysts.
The EU is going to ban imports of Russian crude and petroleum products. It still has a long way to go to find replacement supplies.
Cargo vessels allegedly are meeting at sea to transport stolen Ukrainian grain to Turkey and Syria.
Average change in the price of selected raw materials
In February, Russia was still making around 40% more money off its exports of oil, gas and coal in May 2022 than it did one year earlier
EU sanctions on Russian petroleum exports could have much more serious repercussions than earlier U.S. moves.
Kpler: Russian crude exports in April highest since June 2019
Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.
