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Russian oil product exports slide as EU import embargo bites

Russian oil product exports, the target of the West’s latest round of efforts to curb Moscow’s oil revenues, fell by a fifth on the...
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China crude oil imports to set a record in 2023

China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following...
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China set for record crude oil imports in 2023 – analysts

China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following...
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China’s Oil Giants Seeking More Russian Imports

China’s state-owned oil refining giants are speeding up purchases of Russian crude, citing the allure of cheap cargoes from the OPEC+ producer as demand...
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BP Slows Retreat From Oil as Russia War Drives Record Profit

BP Plc said it will cut oil and gas output more slowly this decade after the supply disruption caused by Russia’s invasion of Ukraine...
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Russia to boost diesel exports in Feb despite embargo, price cap

Russia plans to boost diesel exports in February in attempt to cope with a European Union embargo, price cap and lack of tankers, data...
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The EU’s Ban On Russian Diesel Won’t Really Stop Fuel Flows

For decades, a steady stream of ocean tankers has filed back and forth between a small cluster of ports in northwest Europe and the...
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China reopening, Russia risks seen helping oil weather slowdown

Oil prices will see a gradual rise this year as demand recovery spurred by China’s reopening and supply shortfalls due to sanctions on Russia...
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EU to Consider Options to Curb Revenues from Russian Energy Exports

The European Union is heading for intense talks in the coming days over how to further curb Russian revenues from exports of oil and...
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January oil loadings from Russia’s Baltic ports set to jump 50% vs Dec

Urals and KEBCO crude oil loadings from Russia’s Baltic ports of Primorsk and Ust-Luga in January are set to rise by 50% from December...
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Costamare reports results for the first quarter ended march 31, 2026

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

NORDEN raises full-year guidance

On the back of additional vessel sales and a stronger tanker market, NORDEN upgrades the 2026 full-year net profit guidance to USD 70 –...

Wärtsilä’s Interim Report January–March 2026

Wärtsilä’s announced its interim report for the period January–March 2026. January–March 2026 highlights Total order intake increased by 10% to EUR 2,099 million (1,902), while the...

KCC: Solid start to the year; even stronger Q2 outlook

Klaveness Combination Carriers ASA reported EBITDA of USD 29.3 million and Profit after tax of USD 15.6 million for the first quarter of 2026,...

Noble Corporation announces first quarter 2026 results

Noble Corporation plc reported first quarter 2026 results. Three Months Ended(in millions, except per share amounts)March 31, 2026March 31, 2025December 31, 2025Total Revenue$                786$                874$                764Contract Drilling Services Revenue743832705Net...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President to continue her...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member...

Celestyal launches ‘The Iconic Sale’ with fares from €499

Celestyal has launched its new ‘Iconic Sale’, offering savings across its full Mediterranean and...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

ABS and PIL to advance maritime decarbonisation with alternative marine fuel emissions verification

ABS and Pacific International Lines (PIL) have announced a formal collaboration through the signing...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...

Throughput in the port of Rotterdam remains stable, with a slight decline of 0.7%

Throughput at the port of Rotterdam fell slightly by 0.7% in the first quarter of 2026 compared with the same period last year. Throughput...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...

Piraeus Port maintains its strategic role as key logistics hub for Eastern Mediterranean and SE Europe

The Port of Piraeus is resilient to the disruptions caused by the conflict in the Middle East on global supply chains. However, downward pressure is...

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