Russia-Ukraine
- Maritime
Russian oil exports are still booming and EU is still reliant on Russia
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.
Read More » - Maritime
Russia oil sanctions: How conflict with EU rules threatens G-7 price cap
The G-7 plan to squeeze Russia’s oil profits hinges on the EU revising its own sanctions. Those revisions face opposition.
Read More » - Maritime
G7’s grand plan to squeeze Russia oil windfall hinges on tanker shipping
“Right now, shipping companies around the world are looking at this and scratching their heads,” says sanctions expert Bruce Paulsen.
Read More » - Maritime
LNG shipping rates top $100,000/day, oil tanker rates still rising
Tanker stocks are proving to be a shelter from the Wall Street storm as demand grows for ships that transport oil and natural gas.
Read More » - Maritime
Tankers could profit if US restricts gasoline and diesel exports
If the U.S. curbed gasoline and diesel exports, tankers would sail longer distances to replace lost volumes — a plus for tanker earnings.
Read More » - Company earnings
Price of LNG goes stratospheric. Will LNG shipping rates follow?
The Russia-Ukraine war caused demand for LNG to surge. Owners of LNG carriers are in prime position to profit this winter.
Read More » - Maritime
The sinking price of ship fuel: Near prewar levels after summer plunge
The cost of marine fuels is down sharply from the wartime peak, except for ‘clean’ LNG, which is getting even more expensive.
Read More » - News
Daimler Truck improves top and bottom lines in Q2
Daimler Truck posted improved revenue and income in Q2 but expressed full-year concerns because of Russia’s war on Ukraine.
Read More » - Company earnings
War effect on crude trade: Long-lasting and just beginning
It looks increasingly likely that war-driven changes to global crude flows will persist for an extended period.
Read More » - Company earnings
Cummins beats Q2 estimates as Rumsey takes over as CEO
On Jennifer Rumsey’s second day as CEO, Cummins Inc. reported strong Q2 earnings in North America.
Read More »