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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

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Insights
Infographic: Oil trade adjusts to Red Sea turmoil despite latest attacks

Decarbonization in Shipping

Join Rahul KapoorGlobal Lead,Shipping Analytics and Research at S P Global Commodity Insights as they discuss the economic challenges overshadowing decarbonization in the shiping industry.CERAWeek is taking place from March 18-22 and LIVE is your all-access pass to the conference. Check back for more insights and cutting-edge coverage.

Red Sea crisis forces carriers and shippers to rethink strategies as cost of operation rises

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:

Taking the long way around: Ships divert from the Panama Canal

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

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Red Sea turmoil has so far spared oil supplies, but buyers have reasons to worry

Interactive: Global oil flow tracker

Interactive: Middle East diesel exports to Europe

Changes in Middle East diesel flows to Europe as Russian products off-limitsThe Middle East is considered ripe to supply Europe with needed refined products such as diesel to replace Russian products placed under embargo by the EU on Feb. 5 in the wake of Russia’s invasion of Ukraine. The region has several new refineries able to help meet the demand, including Kuwait’s 615,000 b/d Al-Zour refinery and Oman’s 230,000 b/d Duqm plant. Related story: Middle East diesel exports to Europe slump on refinery disruptions, US supplies(Latest update: March 14, 2024)

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