
US Imposes Sanctions on Cuban State Oil Company CUPET
The US Treasury Department has sanctioned Cuba's state oil company, Union Cuba Petroleo (CUPET), hindering fuel imports.
Geopolitical tensions in the Strait of Hormuz and US sanctions on Cuba are impacting maritime operations, while alternative marine fuels gain traction. — Expect increased scrutiny and potential delays for vessels transiting the Strait of Hormuz following Iranian interception. · New US sanctions on CUPET will further restrict fuel imports to Cuba; assess impact on vessel calls and bunkering. · Ethanol is gaining commercial viability as a marine fuel for decarbonization due to availability and pricing. · LBG bunkering operations are planned for Gothenburg by 2027, expanding low-carbon fuel options in the region.

The US Treasury Department has sanctioned Cuba's state oil company, Union Cuba Petroleo (CUPET), hindering fuel imports.

Ethanol is gaining traction as a marine fuel due to its availability and lower cost, aiding shipping's decarbonization.

Iranian forces reportedly blocked a tanker's passage into the Strait of Hormuz, citing a lack of proper coordination.

Trygve Nøkleby, Managing Director of the Bergen Shipowners Association, was awarded the 20th WISTA Norway Leadership Award
St1 and St1 Biokraft aim to start commercial liquefied biogas bunkering at the Port of Gothenburg by 2027.
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