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Sanctions-hit Russia Sending Fuel Oil to Asia, Ship-to-ship Terminals

Aug 24, 2022

Under pressure from Western sanctions, Russia is exporting more fuel oil to Asia and using ship-to-ship transfers to build larger cargoes for distant markets, according to traders and Refinitiv data.The European Union has been reducing imports of Russian oil products since March and has agreed a full ban from February 2023.In August, fuel oil exports from Russia to the Netherlands and Estonia fell to zero from 365…

​PetroChina Takes Delivery of Large LNG Carrier from CSSC Shipyard

Oct 26, 2022

PetroChina International has taken delivery of a large liquefied natural gas (LNG) carrier from China's Hudong-Zhonghua Shipbuilding Group Ltd, the first of three tankers ordered under a joint venture with state shipping firms.The vessel Shaolin…

KNOT Takes Delivery of Dual-Fuel Shuttle Tanker. Charter Secured with Eni

Aug 31, 2022

Knutsen NYK Offshore Tankers (KNOT), an affiliate of NYK,  has taken delivery of a dual-fuel LNG shuttle tanker built at Daewoo Shipbuilding & Marine Engineering yard in South Korea. The vessel has been named “Sindre Knutsen.”Like its sister ship “Frida Knutsen…

Conflict in the South China SeaThreatens Australia’s Fuel Imports

Aug 21, 2022

China’s saber-rattling around Taiwan underlines the need for Australia to be prepared for conflict in the South China Sea.With its growing navy and air force, and the bases it has built throughout the area, China is increasingly capable of disrupting…

US Says India Hid Russian Origin of Fuel Shipped to US

Aug 15, 2022

The United States has expressed concern to India that it was being used to export fuel made from Russian crude, through high-seas transfers to hide its origin, to New York in violation of U.S. sanctions, a top Indian central banker said on Saturday…

China Moves Another 2 Million Barrels of Iranian Oil into Reserve Tanks

May 18, 2022

China is set to receive close to two million barrels of Iranian oil this week and pump into a reserve base in south China, according to tanker tracker specialist Vortexa Analytics.Diona, a very large crude carrier owned by National Iranian Tanker Company (NITC)…

Costlier Smaller Tankers Deployed to Move Displaced Russian Oil to China

Apr 29, 2022

Traders are deploying smaller, costlier vessels to ship displaced Russian oil from European ports to China, in a rare move as Western sanctions on Moscow force them to use unconventional methods to transport the product.About 5 million barrels…

India's ONGC Struggling to Move Russian Oil

Apr 26, 2022

India's Oil and Natural Gas Corp (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from Russia's Far East, in a growing sign that complex trades involving one of Moscow's biggest partners are being interrupted by Western sanctions…

China Taps Alternative Payments to Keep Russian Oil Flowing

Mar 04, 2022

Chinese refiners are paying for Russian crude oil using cash transfers to maintain imports from Russia’s Fast East, as banks shy away from financing the oil because of sanctions, sources with knowledge of the matter said.Global oil prices have…

Iran's Oil Exports On the Rise

Feb 10, 2022

Iranian oil exports have risen to more than 1 million barrels per day for the first time in almost three years, based on estimates from companies that track the flows, reflecting increased shipments to China.Tehran's oil exports have been limited since former U…

Japan to Divert LNG to Europe Amid Russia-Ukraine Tensions

Feb 09, 2022

Japan will divert some liquefied natural gas (LNG) cargoes to Europe after requests from the United States and the European Union, the industry minister said on Wednesday, a step that aligns the country with the West as tensions flare with Russia…

China Sinopec Tenders to Sell Up to 45 LNG Cargoes for 2022

Jan 19, 2022

China's Sinopec Corp has issued a tender to sell up to 45 cargoes of liquefied natural gas for 2022 deliveries, in a rare sell tender of the super-chilled fuel to take advantage of high Asian spot prices, said traders who were invited to bid…

Pacific LNG Freight Spot Rates Hit Fresh Record High

Nov 19, 2021

Tanker rates to ship liquefied natural gas (LNG) across the Pacific hit a fresh record high on Friday as high demand for the U.S. super chilled fuel from Asia drives up the demand for vessels, industry sources told Reuters.The cost of chartering…

China's Diesel Exports Dip Amid Domestic Supply Squeeze

Nov 18, 2021

China's diesel exports fell in October after a rebound the previous month as refiners diverted more supplies to the domestic market to make up for a supply squeeze following months of production curbs.China shipped abroad 560,000 tonnes of diesel last month…

Winson Denies UN Accusation it Supplied Oil to North Korea

Oct 05, 2021

Singapore-based oil trader Winson Group denied on Tuesday a U.N. Security Council report alleging that it supplied fuel to North Korea in breach of international sanctions.'Winson denies, in the strongest possible terms, any and all allegations…

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