A total of 18 planned and announced Floating Production Storage and Offloading (FPSO) projects are expected to be deployed offshore Brazil during the outlook period 2020–2025, the highest among the countries globally, according to GlobalData, a leading data and analytics company. The company’s...
PAO Sovcomflot (SCF Group), a global leader in energy shipping and servicing offshore oil and gas production, today reported its results for the first half (H1) 2020. Operational highlights for H1 2020 Christophe de Margerie, an icebreaking LNG carrier, became the first large-capacity cargo vessel...
Oil prices fell on Friday as a massive storm raced inland past the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries. U.S. West Texas Intermediate (WTI) crude futures fell 6 cents, or 0.1%, to $42.98 a barrel as of 0202 GMT, adding to...
https://www.hellenicshippingnews.com/oil-drifts-down-as-u-s-producers-refiners-avoid-worst-of-storm/
Singapore’s residual fuel oil inventories fell 9% to a four-month low in the week to Aug. 26 as net import volumes halved from the previous week, official data showed on Thursday. Onshore fuel oil stocks fell 2.354 million barrels, or about 371,000 tonnes, to 23.131 million barrels, or 3.643...
Iraq’s crude oil exports have fallen so far in August, according to shipping data and industry sources, suggesting OPEC’s second-largest producer is delivering more of its pledge to cut supply under an OPEC-led deal. Southern Iraqi exports up to Aug. 25 have dropped to 2.63 million barrels per day...
https://www.hellenicshippingnews.com/iraq-cuts-oil-exports-in-august-pumps-below-opec-target/
KVH Industries, Inc., (Nasdaq: KVHI), is pleased to introduce TracVision® TV10, the newest marine satellite TV antenna in KVH’s award-winning TracVision series. A 1-meter ultra-high efficiency marine antenna, the TracVision TV10 provides the biggest coverage footprint in KVH’s TracVision series and...
Western European hot rolled coil prices increased in August, supported by high raw material costs and uncompetitive import offers. Trading activity is slow, as is traditional during the summer holiday period. Steelmakers continue to operate at a low level of capacity utilisation, following the...
COSCO SHIPPING Ports Limited, the world’s leading ports operator, today announced interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2020. 2020 Interim Results Highlight Revenue was US$452.7 million -12.6% yoy Gross profit was US$ 99.2 million,...
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the second quarter and the first half of 2020. Petros Pappas, Chief Executive Officer of Star Bulk, commented: “Star Bulk announced...
A renewed rise in COVID-19 cases in parts of Europe and elsewhere have underlined worries about the outlook for energy demand. Expectations now are that the Covid-19 impact will last longer than originally forecast. The World Bunker Index MABUX still did not have any firm trend in the last 7 days...