/ COMMODITIES
Interactive: Seaborne trade in Russian oil under G7 price cap
Russia, one of the world’s largest oil suppliers, has increasingly turned to non-Western firms
/ COMMODITIES
/ COMMODITIES
Russia, one of the world’s largest oil suppliers, has increasingly turned to non-Western firms
/ COMMODITIES
Red sea crisis has forced carriers and shippers alike to adjust strategies. Container freight rates not only reached yearly high after receding throughout 2023 but carriers also seized a profit making opportunity they were looking for after the post pandemic lull. The change in this dynamic has forced shippers to again look for alternatives in the hopes of making their supply chain more agile.SP Global Commodity Insights containers editor Tanya Kalra speaks with Chris Rogers, Head of Supply Chain and Research, SP Global Market Intelligence, Greg Knowler, Senior Editor, Journal of Commerce and Mohammed Al Ansare, Associate Editor, EMEA Containers, SP Global Commodity Insights about the changing dynamics in the containers market and how carriers and shippers are navigating through them. Related: Platts Container Rate 1 North Asia-North ContinentFeature: Hapag Lloyd, Maersk's Gemini Corp. to shake up maritime alliances in 2025Delivery of new vessels offsets container market disruption from longer transitsSupply Chain Edge: Beyond AI, refrigerator reflation, limited Red Sea scopeRotterdam volume decline a buffer against any Red Sea container surge: CEOMore listening options:
Freight costs are rising globally due to tightened logistics at key chokepoints like the Panama Canal and Red Sea. Recent transit restrictions at the Panama Canal sparked by drought have pushed shipowners to opt for longer voyages, resulting in tighter supply, increased costs and delayed deliveries. Follow along in the report to see the impacts of these shifts and the decisions ship operators must make when facing weeks-long delays or war-torn regions. LAUNCH REPORT
Once a global powerhouse of crude production, the UK’s North Sea region saw its oil output decline accelerate to 12% in 2023, according to official data from the UK’s Department of Energy Security and Net Zero. The new figures come as the UAE’s Taqa revealed to SP Global Commodity Insights that it plans to cease production at the Cormorant oil fields in 2024, a key component of Brent grade.In this episode of the Platts Oil Markets podcast: Joel Hanley is joined by Nick Coleman, Senior Editor for Oil News, and Sam Angell, Senior Editor covering the North Sea crude market, to discuss the outlook for North Sea oil production and the latest developments surrounding the global oil benchmark Platts Dated Brent.Mentioned in the podcast: Infographic: Dated Brent February update Continue viewing the infographics by subscribing to the SP Global Platts Connect. Email ci.support@spglobal.com to learn more and subscribe.More listening options: