The Black Fleet: An Introduction to Shipping Sanctioned Oil in 2023

It has been precisely 371 days since a G7 oil cap took effect limiting the price levels at which Russian oil could be bought and sold in the world’s largest economies, finally agreeing in the fifth of December in 2022 on measures designed to punish Moscow for the invasion of Ukraine and to cripple an industry that fuels the Russian war effort in Ukraine. But, widely discussed is the efficiency of achieving these goals themselves.

War: A nightmare for the global supply chain

The Russia-Ukraine conflict has affected the global logistics market on every level. This continuous war has led to an increase in prices of several commodities, affecting the international market. Commodities and industrial inputs, everything from wheat and oil to palladium and nickel, have been disrupted and prices have climbed. Transportation costs are increasing too. What is going to happen to the investor confidence and market volatility? To what extent will the energy crisis keep affecting us? In this brief article, we will examine the short-term and long-term implications for supply-chain operations and how this war-provoked crisis could keep on impacting supply-chain management.

Tracing the History of China-US Relations and the Hopes for a Promising Future

The meeting between President Joseph R. Biden Jr. and President Xi Jinping held in Bali, Indonesia on the 14th of November, was perceived with some degree of optimism among westerners’ commentators. The two leaders reiterated that competition should never veer into conflict and highlighted that the United States and China must always keep lines of communication, to ensure the continuation of an amicable and productive rivalry.

The Grain Deal: A Humanitarian Agreement Amidst War

After two turbulent years with covid19, political uncertainties, and a declining world economy with high inflation, the world woke up to another crisis on the morning of February 24th, 2022[1]. It has been 10 months since the Russian-Ukraine War started and it is still continuing with its destabilizing effects on the western world. The factors and consequences of the war have been discussed extensively by various analysts. However, amidst this terrible humanitarian crisis, humanitarian cooperation between Ukraine and Russia emerged: The Grain Deal.

Ammonia: The Fuel of the Future

Overall control and reduction of global greenhouse gas emissions of the maritime industry, regulated by the IMO (International Maritime Organization), encourage the development of low-carbon or carbon-neutral fuels. During the past years, such efforts have resulted in the increasing adaptability of a number of green fuel solutions that aim for better sustainability, and efficiency and encourage innovation. The most commonly used alternative fuels are Liquified Natural Gas (LNG), Liquefied Petroleum Gas (LPG), hydrogen (H2), ammonia (NH3), methanol (CH3OH), and biofuels.

The role of finance and climate regulations in the maritime shipping industry

This article summaries the main aspects of the event “Maritime financing – An exploration of the role of finance in the shipping industry” in which the speakers answered some crucial questions regarding the world of maritime shipping and the role that finance plays in it, paying attention to the topics of shipping decarbonization and emissions regulations.