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Ocean Transportation: Page 95

Oil Tankers Queue up off Turkey as Price Cap on Russian Crude Begins
The tanker buildup is the first sign of the impact of the cap on the international oil market, which has been upended by the war in Ukraine.
An oil tanker in the Bosphorus. Photo: iStock.com/yunlutas
EU Agrees to Set $60 Price Cap Level for Russian Oil Exports
Diplomats have been under pressure to nail down the cap plan before EU sanctions on seaborne Russian oil kick in December 5.
Russia Oil Derricks Bloomberg
Ships Linked to Russia’s Biggest Grain Exporter Moved Stolen Ukrainian Cargo
The smuggling process builds on operations in Russian-occupied Ukraine, where trucks have moved stolen grain through a clandestine system to Crimea.
Sevastopol. Photo: iStock.com/Vladimir Zapletin
Chevron to Send First Venezuelan Crude Shipment to U.S. by Late December
Under the agreements, Chevron will take over operations at an oil upgrading facility where it will process about 1 million barrels of crude to be shipped to U.S. refiners.
Photo: iStock.com/Wirestock
French Shipping Giant Delivers Gloomy Outlook After Hefty Profit
The warning from the world’s third-largest container line is bleaker than in September, when the closely held company signaled the start of a slowdown.
Photo: Bloomberg
Oil Freight at $100,000 Piles Pressure on Crude Markets
The escalating shipping costs, however, are being offset by falling spot premiums in the current cycle even for OPEC producers’ crude, traders said.
Photo: Bloomberg
U.S.-Europe Trade Booms as Old Allies Draw Closer
The U.S. has imported more goods from Europe than from China in 2022, pushing East Coast ports ahead of their West Coast counterparts in import volumes
BELGIUM BIDEN
Port of Los Angeles Cargo Volume Down 6% so Far in 2022
Cargo volume at the Port of Los Angeles dropped in October as the Port handled 678,429 Twenty-Foot Equivalent Units (TEUs), a 25% decrease from October 2021.
Photo: Port of Los Angeles
Germany Eager to Discuss Natural Gas Pact with U.K. Amid Supply Risk
A solidarity pact could allow Europe’s largest consumers of natural gas to bail each other out if an extreme cold snap were to create shortages this winter.
Photo: iStock.com/Oleksii Liskonih
HOPA Receives CAN$4.9 million to Relieve Supply Chain Congestion in Hamilton
The project will increase the efficiency and the resiliency of the supply chain in the region for the construction and manufacturing sectors.

Photo: Hamilton Oshawa Port Authority
Baltic Nation Seeks to Become LNG Hub in Pivot Away From Russia
As the region pivots away from Russian supplies amid the Kremlin’s war in Ukraine, more terminals are needed.
Photo: Bloomberg
Singapore, LA and Long Beach Ports and C40 Cities to Establish a Green And Digital Shipping Corridor

The three ports and C40 Cities will work closely with other stakeholders in the maritime and energy value chains to accelerate the deployment of low- and zero-carbon emission solutions.
Port of Singapore. Photo: iStock.com/SAKDAWUT14
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