• 2023 January 31 11:45

  European Commission proposes $45/bl price cap for Russian fuel oil

  The European Commission has suggested setting a price cap for Russian fuel oil exports at $45/bl as it seeks to expand its cap on crude oil prices to the country's refined product exports, according to Ship & Bunker.

  The price cap would be set at $45/bl for discounted products like fuel oil and $100/bl for premium products like diesel, news agency Reuters reported last week, citing comments from European Union officials.

  In metric tonne terms for fuel oil a $45/bl price cap would work out at $285.75/mt. For marine gasoil a $100/bl price cap would work out at $746/mt.

  At St Petersburg on Friday delivered VLSFO stood at $592.50/mt, while LSMGO was at $810/mt, according to Ship & Bunker data.

  The new price cap is due to come into force on February 5 after the details of how it will work have been agreed among G7 governments.
  

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2023 March 31

15:41	Norsepower and IINO Lines agree to install Norsepower Rotor SailsTM on a newbuild VLGC
15:23	Antwerp Terminal Services and CMB.TECH launch world’s first hydrogen dual fuel straddle carrier
15:06	Russian Railways gets discounts for cargo transportation by eastern line of North-South corridor
14:44	Dredging in Ob Basin of Russia’s IWW to make 4.8 million tonnes this year
14:30	Orsted takes final investment decision to build Greater Changhua 2b and 4 offshore wind farms
14:13	Seven сompanies plan to build new Sinopec-backed Hambantota refinery
13:48	World's first large electric container carrier completes power system debugging and test
13:20	GTT entrusted by Hyundai Samho Heavy Industries with the tank design of three new LNG сarriers
12:57	Rosmorport declared winner of The Industry Leader 2022 contest
12:50	AD Ports Group invests in latest VTMIS technology to enhance maritime safety and efficiency
12:30	Japan bans exports of steel, ship engines and radio equipment for navigation to Russia
12:14	17 companies join action to make shipping more sustainable with biofuel
11:41	USC takes part in experiments with unmanned tugboats as part of the pilot project in the port of Novorossiysk
10:54	Onezhsky Shipyard delivers lead crab catching ship of Project 5712LS to Russian Crab Group
10:09	Korean Register signs MOU with Microsoft Korea to Collaborate on Digital Transformation
09:52	Metrans expands rail network to South-Eastern Europe
09:48	Rosatom does not consider changing construction deadline for nuclear-powered icebreaker Rossiya
09:19	Viterra to cease exports of Russian grain from 1 July 2023

2023 March 30

18:23	Konecranes launches new Zero4 program to receive EUR 70 million from Business Finland
18:17	NORDEN partner with Spar Shipping on use of biofuel
18:07	Belize, Japan and Portugal join the 2012 Cape Town Agreement
17:54	Transport hub for Russia’s export grain to be created in Iran
17:31	RF Government to finalize plans on development of transport corridors
17:29	NORDEN enters Capesize segment
17:23	Seaspan gets more than $2 billion in contracts to Canadian companies for the design and construction of new, large non-combat vessels
17:20	Wan Hai Lines holds ship naming ceremony for new vessel Wan Hai 331
17:15	Meyer Werft announces keel laying for Disney Treasure
17:06	Russian Federal Fisheries Agency approves expansion of Zvezda shipyard’s capacity
16:45	The combined EBIT of 12 largest shipping lines reach USD 95bn in 2022
16:26	Wartsila launches world-first radical derating solution for two-stroke engines
16:25	DP World sets new Southampton record for handling containers on ship
16:05	Hyundai GLOVIS partners with GoodFuels on first biofuel bunkering for a Korean flagged PCTC vessel
15:42	EU agrees stronger legislation to accelerate the rollout of renewable energy
15:29	TransContainer launches service for cargo traffic to China via Saint Petersburg
15:20	LR awards AiP to Hyundai Heavy Industries for its new Onboard Guidance System
15:04	SCZONE signs a framework business agreement with Suez Canal Container Terminal Company
14:57	RF Transport Ministry extends validity period of seafarers’ documents until 30 June 2023
14:32	MacGregor receives a large order for RoRo equipment for dual-fuel LNG Pure Car and Truck Carriers for Sallaum Lines
14:28	ScottishPower formalises a £1.3billion contract with Siemens Gamesa for 95 wind turbines for the East Anglia Three offshore windfarm
13:54	COSCO SHIPPING Ports total throughput increases by 0.6% to 130,107,074 TEU in 2022
12:58	Alfa Laval joins the Global CCS Institute
12:46	USC’s Lotos Shipyard starts cutting steel for lead container ship of Project 00108
12:22	Sergey Kulikov appointed as General Director of Russian Maritime Register of Shipping
12:01	MAN Energy Solutions’ MAN 49/60DF engine receives Type Approval
11:45	Dredging works commenced on Volga-Caspian Canal
11:33	Port of Houston container volumes up 15% in February 2023
11:04	VARD Electro AS signs multi-million-euro project with Yaskawa Environmental Energy / The Switch
10:41	Global long-term container rates down by 24% since August 2022 - Xeneta
10:23	RC Dock receives Class Approval from RINA for new remotely controlled unmanned workboats
10:11	RosGeo invested about RUB 500 million in equipment of ships in 2022
09:58	The Maritime and Port Authority of Singapore сollaborates with Bluenergy Solutions to launch Proof of Value project for clean tidal energy
09:24	Ordering of special ships for tourism is easier than modernization of research vessels for cruises - RosGeo

2023 March 29

19:28	The problem of excess stock in Russia’s Far Eastern ports is settled – Vladimir Putin
18:37	ABP and Sizewell C plan to develop Direct Air Capture facility at Port of Lowestoft
18:06	Port of Savannah adds 55 hybrid yard cranes
17:46	ADNOC LS unveils Integrated Logistics Services Platform
17:30	Roundtable meeting “Working professions in seaports” to be held in online format on 25 April 2023
17:16	Inland ports welcome a a deal on the requirements for Alternative Fuel Infrastructure
17:03	Rosneft Oil Company and Indian Oil Company sign agreement to substantially increase oil supplies
16:49	IMO CARES project receives a further round of funding from the Kingdom of Saudi Arabia