Thailand imported 792,600 b/d of crude and condensate in October, a 50.8% jump from a year earlier, with demand for light sweet crude from the US and Nigeria picking up sharply after the restart of the country’s 215,000 b/d Rayong refinery. The country’s crude oil imports in October rose by 46.8%...
Ahead of this week’s spending review, the British Ports Association (BPA) has outlined the case for targeting transport spending on freight-based projects, to unlock growth in the economy and stimulate the economy post-COVID-19. The BPA’s policy paper; ‘Gateways for Growth: Backing a Better...
https://www.hellenicshippingnews.com/bpa-calls-for-government-to-back-a-better-connected-britain/
A number of industry groups have made the case for the increased use of bio-LNG as a transportation fuel in Europe to help decarbonize heavy-duty transport and shipping in a “fast and cost-effective” way. In a joint paper published Nov. 23, the European Biogas Association, Gas Infrastructure...
European coil prices continued their meteoric rise, in November. The MEPS Europe Average Hot Rolled Coil transaction value has climbed by more than 25 percent since June of this year. Mills are targeting ambitious selling figures and are confident that they can maintain the upward price momentum,...
https://www.hellenicshippingnews.com/eu-steel-buyers-prepare-for-further-price-increases/
CMA CGM is pleased to announce the implementation of TMX 2 – TURKEY MED EXPRESS 2, the fastest ever maritime bridge between Turkey, Italy, France & Algeria, a new Short Sea Med service starting December 16th, 2020 with m/v “OPS HAMBURG” ex Gemlik. TMX 2 features are the following: • This TURKEY >...
Russian gas producer Novatek has started ship-to-ship loadings of liquefied natural gas from the Yamal LNG project near the northern port of Murmansk, shifting away from Norway, ship tracking data at Refinitiv Eikon showed. The company previously conducted such operations at a terminal at the...
Following the early disruption caused by the crude price crash, the US shale industry has gradually started to adapt to the new pricing environment. Since the third quarter of 2020, a series of M&As were executed in the industry. Consequently, the US shale drillers have developed a renewed optimism...
Investments from global exploration and production companies (E&P) in 2021 are projected to reach around $380 billion, almost flat year-on-year, a Rystad Energy report shows. About 20% or $76 billion of the estimated 2021 investments could be at risk of deferral or reduction, with the remaining...
Green Marine has determined that the Prince Rupert Port Authority (PRPA) is once again one of the highest environmental performers in North America, significantly exceeding jurisdictional regulations and further establishing its reputation as a global leader in environmental stewardship. Green Marine is a voluntary environmental certification program for the North American marine industry that encourages …
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HMM (formerly known as Hyundai Merchant Marine) is planning to expand its terminal foothold at the Port of Long Beach on the west coast of the United States. The decision was based on the need to expand infrastructure at the port, a key gateway to the United States HMM recently reported this policy...