UK and EU agree to ban insurance on ships carrying Russian Oil
After the European Council voted to ban Russian oil imports by sea, the UK and EU agreed to a ban on insuring ships transporting Russian oil.
Oil prices jump after EU leaders agree to ban most Russian crude imports
In order to win the votes of Hungary and other countries that rely heavily on Russian petroleum, the European Council decided in principle to restrict seaborne imports of Russian oil while preserving a loophole for pipeline exports.
Glencore to pay $341 million fine over US fuel oil price manipulation
Glencore Ltd. pleaded guilty and obliged to pay over USD 1.1 billion to resolve the government's investigations into infringements of the Foreign Corrupt Practices Act (FCPA) and an oil price manipulation scheme.
Women occupy only 5% of maritime leadership roles
The proportion of male and female employees in the global shore-based workforce remained essentially steady in 2020, according to Spinnaker's Maritime HR Association data – 56% male, 41% female, and 3% unknown, with only 5% women in leadership roles.
Can Iraq help resolve oil supply problems and stabilize the market?
"While many members of the OPEC+ group are failing to meet their allowed output quotas, one country that has been able to do so is Iraq," shipbroker Gibson noted in its latest weekly report.
Water and Contaminants in Marine Fuel Systems: A Coast Guard Safety Alert
The United States Coast Guard is alerting vessel owners and operators about the dangers of water and other pollutants in marine fuel systems.
Netherlands jumps 5 places to become India’s 5th-largest export destination
In the fiscal year ending March 2022, the Netherlands surpassed the United Kingdom as India's fifth-largest export destination.
India halts wheat export to fight soaring inflation in the country
India officially banned durum wheat exports, moving it into the ‘prohibited’ category with effect from May 13.
First Floating Tidal Power Delivered to Nova Scotia Grid
Sustainable Marine, a UK-based marine energy firm, has leveraged the Bay of Fundy's massive tidal currents to supply the first floating in-stream tidal power to Nova Scotia's grid.