Inpex Corp, Japan’s top explorer, said it has shipped its first condensate export cargo from the Ichthys liquefied natural gas (LNG) project in Australia. An Inpex spokesman said it shipped the 350,000 barrels cargo from the floating production, storage and offloading (FPSO) facility, but did not...
https://www.hellenicshippingnews.com/japans-inpex-ships-1st-condensate-cargo-from-ichthys-project/
Physical fuel suppliers need to fundamentally transform the traditional models of supply in order to survive, said Adrian Tolson, Senior Partner from 20|20 Marine Energy, a leading maritime consultancy. Speaking ahead of SIBCON 2018, the industry’s largest bunkering conference, Tolson believes that...
With the escalation of Trade War, cooperation with US companies has become increasingly difficult for Chinese. However, Qingdao Headway Technology Co., Ltd. recently obtained the largest batch of Ballast Water Treatment System (BWTS) retrofitting orders from the US market. In mid-September, Headway...
https://www.hellenicshippingnews.com/trade-war-is-smashing-headways-won-105-ships-from-us-market/
Are the oil markets getting back into the summer 2008 mode? If the signals are being interpreted correctly, the possibility of a spike – and then indeed a sharp slump – cannot be ruled out. In summer 2008, crude touched the peak of $147 a barrel. The then Saudi oil minister Ali Al-Naimi and his …
https://www.hellenicshippingnews.com/iran-sanctions-could-send-oil-hitting-100-per-barrel/
Iran has no plans to cut oil production, the head of the state-run National Iranian Oil Company (NIOC), Ali Kardor, said on Monday, according to the Tasnim news agency. The United States aims to reduce Tehran’s oil revenue to zero in an effort to force Iran’s leadership to change its behavior in...
https://www.hellenicshippingnews.com/iran-has-no-plans-to-cut-oil-output-national-oil-company-boss/
China’s benchmark power coal price remained unchanged during the past week in part due to increasing coal imports and shrinking consumption in coal-fired power plants. The Bohai-Rim Steam-Coal Price Index, a gauge of coal prices in northern China’s major ports, stood at 569 yuan (around $82.71) per...
https://www.hellenicshippingnews.com/chinas-benchmark-power-coal-price-stays-flat-3/
Shipping company Scorpio Group plans to fit scrubber equipment to a majority of its vessels by July 2020 to allow them to continue burning fuel oil after global sulfur emission limits are cut. The International Maritime Organization’s global marine fuels sulfur limit is set to drop to 0.5% from...
Singapore ex-wharf 500 CST bunker fuel term contracts for the fourth quarter have been concluded at a premium of around $2-3/mt to the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments, trade sources said late last week. Term premiums edged up from Q3, when they were at $1-2/mt to...
Europe’s consumers might not know it yet, but they’re about to be clobbered by the shift to cleaner energy. October’s arrival marks the first day of winter in the world of natural gas trading. What’s unusual this year is that wholesale prices are already near the highest levels in a decade — even...
https://www.hellenicshippingnews.com/winter-comes-early-to-gas-market-in-europe/
Production of hard-to-recover oil in Russia is expected to rise by 10 percent to 43 million tonnes (860,000 barrels per day) this year, boosted by tax incentives, Russian Deputy Energy Minister Pavel Sorokin said in an interview. He also said the government had no immediate plan to reduce oil...