Oil Tankers Queue off Turkey as Price Cap on Russian Crude Kicks In
Oil tankers formed a traffic jam off the coast of Turkey on day one of the West's price cap on Russian crude, with Ankara insisting on new proof of insurance for all vessels, the Financial Times reported on Monday.Around 19 crude oil tankers were waiting to cross Turkish waters on Monday, the report said, citing ship brokers, oil traders and satellite tracking services.A $60 per barrel price cap imposed by the Group of Seven nations, Australia and the 27 European Union states on Russian seaborne crude oil took effect this week…
Pole Star Partners with Delta Wave for Onshore Fleet Tracking
Pole Star Space Applications said it has partnered with Delta Wave Communications to pursue onshore opportunities. Delta Wave will offer Pole Star’s remote monitoring, security and tracking solutions to the North American energy exploration, chemical and oil and gas markets. Since the late 1990s, Pole Star has developed satellite-based fleet monitoring services for use in the harsh and isolated marine environment. Because satellite-based communication provides near global coverage, Pole Star’s systems allow shipowners and managers to track their ships, even when they sail beyond the reach of other communications networks. This need applies equality to onshore companies that operate assets in remote land areas where cellular coverage is limited.
