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.
The G-7 plan to squeeze Russia’s oil profits hinges on the EU revising its own sanctions. Those revisions face opposition.
“Right now, shipping companies around the world are looking at this and scratching their heads,” says sanctions expert Bruce Paulsen.
Tanker stocks are proving to be a shelter from the Wall Street storm as demand grows for ships that transport oil and natural gas.
If the U.S. curbed gasoline and diesel exports, tankers would sail longer distances to replace lost volumes — a plus for tanker earnings.
The Russia-Ukraine war caused demand for LNG to surge. Owners of LNG carriers are in prime position to profit this winter.
The cost of marine fuels is down sharply from the wartime peak, except for ‘clean’ LNG, which is getting even more expensive.
Daimler Truck posted improved revenue and income in Q2 but expressed full-year concerns because of Russia’s war on Ukraine.
It looks increasingly likely that war-driven changes to global crude flows will persist for an extended period.
On Jennifer Rumsey’s second day as CEO, Cummins Inc. reported strong Q2 earnings in North America.
Fallout from the Ukraine-Russia war and concerns over power supply in Europe and Asia support demand for seaborne coal.
Cargo vessels allegedly are meeting at sea to transport stolen Ukrainian grain to Turkey and Syria.
Don’t expect the restrictions that truck manufacturers are imposing on Class 8 order intake to last. There’s too much at stake.
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
The first half has been phenomenal for product tankers. How much of shipping upside is due to the war?
Airlines act as an auxiliary transport wing for the U.S. government during times of crisis.
EU sanctions on Russian petroleum exports could have much more serious repercussions than earlier U.S. moves.
Class 8 truck orders fell in May for seasonal reasons and because manufacturers kept a tight lid on bookings.
Kpler: Russian crude exports in April highest since June 2019
