The Russian market has recovered somewhat from last year’s setbacks due to the corona pandemic. The cargo throughput of Russian seaports from January to June 2021 amounted to 412.1 million tonnes. According to the Russian Seaports Association, this is 0.3 percent more than in the same period last...
https://www.hellenicshippingnews.com/russian-seaports-see-slight-increase-in-turnover/
Crude oil prices continued to surge after the Organization of the Petroleum Exporting Countries (OPEC+ group) failed to come to any conclusion regarding the ramping up of oil production. Experts predicted that the crude prices will reach $100 before the end of the year. Even as oil prices continue...
The Oil Companies International Marine Forum (OCIMF) is currently developing an updated and enhanced version of its Ship Inspection Report Programme (SIRE) tanker risk assessment tool, the ship inspection regime that has become central to supporting safety and best practice in the marine industry....
China’s crude oil throughput hit a record high in June, rising 3.9% on a daily basis from the previous record set in May as more refineries resumed operations after maintenance. The country processed 60.82 million tonnes of crude oil last month, or 14.8 million barrels per day (bpd), data from the...
https://www.hellenicshippingnews.com/chinas-crude-oil-runs-hit-record-highs-in-june/
First domestic made 15,000-ton shuttle oil tanker was delivered to China National Offshore Oil Corporation (CNOOC) in Nantong, east China’s Jiangsu Province, CNOOC announced on Wednesday. The tanker will be used for the condensate transportation of the Shenhai Yihao (DeepSea No. 1) gas field as...
https://www.hellenicshippingnews.com/chinas-first-15000-dwt-shuttle-oil-tanker-delivered-to-cnooc/
Oil prices fell on Friday, heading for their biggest weekly drop since at least May as expectations of more supplies spooked investors, with OPEC likely to add output to meet a potential revival in demand as more countries recover from the pandemic. Brent crude for September was down 37 cents at...
https://www.hellenicshippingnews.com/oil-declines-heading-for-biggest-weekly-drop-in-months/
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) decreased on July 15 380 HSFO – USD/MT – 455.25 (-6.71) VLSFO – USD/MT – 562.92 (-8.12) MGO – USD/MT – 655.21 (-2.85) MABUX ARA LNG Bunker Index, available from April 29, 2021 and …
The post MA...
https://www.hellenicshippingnews.com/mabux-bunker-indexes-may-continue-downward-changes-on-july-16/
Oil and gas M&A deal-making in the second quarter of 2021 continued to bounce back from year-ago levels amid a tidal wave of corporate consolidation, according to S&P Global Market Intelligence data. The industry announced 40 more whole-company and minority-stake deals in second-quarter 2021 than...
ABS has issued New Technology Qualification (NTQ) to SBM Offshore’s artificial intelligence (AI) powered Intelligent Agent Mooring Line Integrity Tool, allowing the technology to be integrated into offshore systems for the first time. The novel tool collects data such as wind speed, FPSO heading,...
https://www.hellenicshippingnews.com/abs-verifies-sbm-offshores-ai-powered-mooring-solution/
FEPORT welcomes Commission’s “Fit for 55” proposals as a necessary step to meet the EU’s enhanced climate targets[1] in a holistic way but underlines the need to acknowledge and support the efforts of port stakeholders to decarbonize the maritime sector. FEPORT members have already long ago turned their commitment to sustainability into action and have …
The post FEPORT welcomes the “Fit for 55” proposals but underlines the need to acknowledge and support the efforts of port stakeholders first...