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30/11/2022at 12:08

EU is hooked on Russia LNG and paying billions to keep it coming

While the EU has banned imports of Russian coal and is about to launch similar measures for oil, the union’s LNG imports from Russia are increasing, and an embargo is not on the horizon.
Photo: Vladimir Soldatkin/Reuters/Ritzau Scanpix
By Elena Mazneva and Anna Shiryaevskaya, bloomberg news

The European Union has slashed its dependence on Russian energy this year, banning coal imports and readying an oil embargo too. But one product is booming, and is unlikely to face an EU boycott anytime soon.

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Foto: Piroschka Van De Wouw/Reuters/Ritzau Scanpix
Ports

Port of Rotterdam expects regular bunkering of methanol by the summer

Come July 2023, methanol will be bunkered regularly by the Port of Rotterdam. Until now, methanol has only been bunkered by way of experiment.
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Drewry director eyes one central weakness in Maersk's strategy

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Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands

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Car carriers have rarely seen such profits: "We are probably at an all-time high"

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Further reading

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Carriers

Why the G-7 cap on Russian fuel prices will be harder than it looks

With 24 days until G-7 nations impose a price cap on refined oil from Russia, Bloomberg News provides an overview of the main factors that need consideration before cap specifics are determined.

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Foto: Yoruk Isik/Reuters/Ritzau Scanpix/REUTERS / X06504
Tanker

Ship trading increases on heated tanker market

The tanker market upswing has not only increased carrier earnings but also caused trading with tankers to surge by double-digit percentages. Maersk Broker recognizes the development.

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Carriers are blamed for a lot of things – but inflation should no longer be one of them

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Latest news

  • Maersk divests historic ship – was world's biggest in 1997 – 11:14
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  • Drewry director eyes one central weakness in Maersk's strategy – 10:26
  • Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands – 07:55
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