STX receives AiP from LR for LNG-fuelled 50k dwt MR tanker

The vessel design

13 November 2018 – Lloyd’s Register (LR) has presented STX with approval in principle for a 50k dwt MR tanker design capable of using LNG as a fuel. This development is the result of close collaboration between STX and LR.

STX incorporated an LNG-fuelled propulsion system into their existing conventional MR tanker design with technical assistance and support from LR, ensuring that the design is in compliance with the new IGF code as well as LR’s Gas Fuelled Rules, covering other...

Looking from the outside in: new industry report reveals how predictive analytics is set to transform oil and gas, but are we doing enough?

Lloyd’s Register HQ’s in London

Insight from companies across the world brings the future in focus on the pace and development of predictive analytics.

A new industry report launched today – an extension of the global Technology Radar survey series produced by Lloyd’s Register (LR) – reveals the pace, development and adoption of predictive analytics in oil and gas.

The report brings in to focus how different companies are using predictive analytics and to what extent companies are transforming...

The [email protected],231 …medieval figures that hurt

John Faraclas

The BDI (Baltic Dry Index) is now 1,016 points below the figure as of the end of December 2013 when it stood at 2,247 points. Geopolitics with all types of wars dangerously spreading; IBIA’s 2018 Convention finale more than a cause to celebrate! John Faraclas daily briefing:

The BDI by losing 73 points lost the 1,300 point threshold and since last Monday the 5th of November when our respective daily recap was titled:  proves all our worries and the dangerous volatile uncertainty.


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