China’s crude oil splurge starts to ebb, price cuts unlikely to spark revival

The current state of China’s demand for crude oil was neatly illustrated by two data points: the first showed imports stayed at elevated levels in August, the second explained why this situation will likely change from October onwards. China imported 47.48 million tonnes of crude in August,...

https://www.hellenicshippingnews.com/chinas-crude-oil-splurge-starts-to-ebb-price-cuts-unlikely-to-spark-revival/

GTT receives an order for the design of the tanks of six new LNG Carriers

GTT has received an order from Korean shipyards Hyundai Heavy Industries (HHI) and Hyundai Samho Heavy Industries (HSHI) for the tank design of six LNGCs1. Two of these LNGCs will be built by HSHI on behalf of a European ship-owner. The other four LNGCs will be built by HHI, two on behalf of an...

https://www.hellenicshippingnews.com/gtt-receives-an-order-for-the-design-of-the-tanks-of-six-new-lng-carriers/

Arctic LNG 2 Chartered 15 Arc7 Tankers to be Built at Zvezda Shipyard

PAO NOVATEK announced that its joint venture Arctic LNG 2 (“Arctic LNG 2” and/or the “Project”) entered into long-term charter agreements on 14 Arc7 ice-class LNG tankers with SMART LNG (a joint venture between NOVATEK and PAO Sovcomflot), with the construction of the LNG tankers to be built at the...

https://www.hellenicshippingnews.com/arctic-lng-2-chartered-15-arc7-tankers-to-be-built-at-zvezda-shipyard/

Oil prices fall on demand fears as U.S. summer driving season ends

Oil prices fell on Tuesday amid concerns over fuel demand as the peak U.S. driving season drew to a close and the U.S. Labor Day long weekend added to worries over rising coronavirus cases in more U.S. states. FILE PHOTO: Oil pumps are seen, as oil and gas activity dips in the Eagle Ford Shale …

https://www.hellenicshippingnews.com/oil-prices-fall-on-demand-fears-as-u-s-summer-driving-season-ends/

ICS, UNHCR and IOM call on States to end humanitarian crisis onboard ship in the Mediterranean

ICS, the International Chamber of Shipping, UNHCR, the UN Refugee Agency, and the International Organization for Migration (IOM) are calling for the immediate disembarkation of 27 rescued people trapped onboard a cargo ship. The distraught group, including one child and a pregnant woman, have now...

https://www.hellenicshippingnews.com/ics-unhcr-and-iom-call-on-states-to-end-humanitarian-crisis-onboard-ship-in-the-mediterranean/

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