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15.02.26 - 02:06
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Indian Scrapyards Welcome Growing Number Of Dark Fleet Tankers (ZeroHedge)
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Indian Scrapyards Welcome Growing Number Of Dark Fleet Tankers
By Tsvetana Paraskova of OilPrice.com
At least three vessels sanctioned by the United States have arrived in recent weeks at the demolition hub of Alang on India's west coast, following a record 15 dark fleet tankers sent to these scrapyards last year, as the business rebounds despite concerns about dealing with sanctioned ships.
The Woodchip, built in 1993 and sanctioned by the U.S. in 2021 under one of its previous names, is the third tanker to have arrived at Alang in less than a month, Bloomberg reported on Friday, citing vessel-tracking data, agent reports, and sources with knowledge of the deals.
The Woodchip Suezmax ship. Source: MarineTraffic
The arrivals reflect changes to the shape of the fleet that ferries sanctioned or sensitive crude around the world, as more aged vessels begin to edge toward retirement at a time of plentiful supply, and US officials embrace Venezuelan crude - ultimately reducing the number ne...
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14.02.26 - 18:00
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′Got India′s commitment to stop buying Russian oil,′ claims Rubio at Munich conference (Times of India)
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US Secretary of State Marco Rubio claimed India committed to halting additional Russian oil purchases, amidst ongoing US sanctions. However, India's External Affairs Minister S Jaishankar emphasized "strategic autonomy" and decisions guided by "national interest" and market dynamics. Russia's Foreign Minister Sergei Lavrov disputed claims of India stopping oil buys, accusing the US of coercion....
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14.02.26 - 16:48
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India′s climate spending rises to 5.6% of GDP, Sitharaman says at Munich (Times of India)
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India has significantly boosted climate action spending, now at nearly 5.6% of GDP, up from 3.7% six years ago, demonstrating strong domestic commitment. Finance Minister Nirmala Sitharaman emphasized the need for adaptation alongside emission cuts and advocated for a "polluter pays" principle in global climate finance, highlighting India's own substantial investments in renewables and carbon capture....
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