Yesterday, the IPCC released the much anticipated Special Report on 1.5°C in Incheon, South Korea, as requested by world governments in the Paris Agreement. The release follows a week-long plenary editing session during which scientists responded to government comments on the Summary for...
https://www.hellenicshippingnews.com/ipcc-climate-report-raises-pressure-for-shipping-co2-cuts/
India will buy 9 million barrels of Iranian oil in November, two industry sources said, indicating the world’s third-biggest oil importer will continue purchasing crude from the Islamic republic despite U.S. sanctions coming into force on Nov. 4. “Refiners have placed November nominations to lift...
https://www.hellenicshippingnews.com/india-to-keep-buying-iranian-oil-despite-u-s-sanctions-sources/
The group consists of eight different organisations, including paint manufacturers, ship owners and cleaning companies, with the aim to take a holistic approach to establishing an international standard that will work in practice. The standard is expected to be finalized in the autumn of 2019....
Oil dropped below $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep flowing after the U.S. reimposes sanctions, easing a strain on supplies. Two companies in India, a big buyer of Iranian oil, have ordered barrels in November, India’s oil minister said on...
Dorian LPG yesterday sent the following letter to Andreas Sohmen-Pao, Chairman of the Board of Directors of BW LPG, responding to BW’s withdrawal of its proposal to acquire Dorian: October 8, 2018 Mr. Andreas Sohmen-Pao Chairman of the Board of Directors BW LPG Limited 10 Pasir Panjang Road # 17-02...
Opec has seen the future and — you may want to sit down for this — it involves more cars. Just not as many cars as it was expecting. In its latest “World Oil Outlook”, published last month, the oil exporters’ club foresees 1.98 billion passenger vehicles clogging up the roads of 2040, up from …
https://www.hellenicshippingnews.com/opecs-latest-long-term-forecasts-seem-to-be-missing-much/
Keppel Offshore & Marine (Keppel O&M) through its wholly-owned subsidiary Keppel Singmarine, has signed two additional contracts with Stolt-Nielsen Gas B.V. (Stolt-Nielsen Gas), a subsidiary of Stolt-Nielsen Limited, following the exercise by Stolt-Nielsen Gas of its options to build two additional...
María Luisa Guibert, president of Algeposa, has said that recent figures released by Ports of the State clearly show that Spanish ports are beginning to recover from the downturn many have experienced as part of the recent economic downturn. She noted that the nation’s ports handle 68% of overseas...
https://www.hellenicshippingnews.com/spanish-ports-industry-in-recovery/
The biggest foe faced by the Organisation of the Petroleum Exporting Countries is, and has almost always been, the market − the forces against which it is locked in a continuous and ultimately futile tussle. Yet Opec was set up in 1960 to help promote its members’ interests against a more defined...
Fresh news that cargoes of Nigerian crude oil are on the high seas, seeking buyers, is a prophecy foretold coming to pass. Oil, as a major revenue earner, many have long warned, has a dim future, given developments in the global economy and this reality is gaining credence by the day. Unless...
https://www.hellenicshippingnews.com/floating-oil-cargoes-signpost-danger/