Russia has used the United Nations Convention on the Law of the Sea for its own economic and geopolitical interests. One Russian law requires all vessels passing through the Northern Sea Route to be piloted by Russians. The heavy regulation is one among many reasons why major shipping companies often use the Suez and Panama canals—longer, but cheaper and easier, trade routes.
Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia.
The agreement brings together the technical and commercial capabilities necessary to create a robust carbon storage offering for industrial customers in the Dutch sector.
Stena Pro Patria will leave GSI Shipyard to load methanol fuel in Ulsan, South Korea and will arrive in Trinidad and Tobago for her Naming Ceremony later this year.
Finnish shipping company ESL Shipping will become the world's first shipping company to start utilizing new low-emission Neste Marine™ 0.1 Co-processed marine fuel in its vessels in Finland and Sweden.
Equinor and its partners Petoro, TotalEnergies, Shell and ConocoPhillips in the Troll and Oseberg fields, have initiated a study and are looking into possible options for building a floating offshore wind farm in the Troll area some 65 kilometres west of Bergen, Norway.
