World oil indexes have not had any firm trend during the week: fuel markets are trying to make sense out of both supply and demand questions as well as geopolitical uncertainty. OPEC downgraded demand while the IEA said in a report that supply outages are tightening up the oil market. MABUX World...
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OPEC raises U.S. oil supply outlook, sees lower demand for own crude
A steady rise in U.S. oil output will gather pace in the next five years, OPEC said on Sunday, predicting that demand for the producer group’s crude will decline despite a growing appetite for energy fed by global economic expansion. “Declining demand for OPEC crude is a result of strong non-OPEC...
LPG as a fuel for Very Large Gas Carrier (VLGC) – Approval in Principle granted
HHI has received an AiP during a presentation at Gastech – the leading exhibition and conference for the global gas, LNG and energy industries held 17-20 September in Barcelona, Spain – from LR for a VLGC design capable of using LPG as fuel. This development was the result of collaboration between...
Shipowners urgently need a fuel-management plan
With the majority of ship operators expected to choose low-sulphur fuel over scrubbers to comply with the new IMO sulphur cap regulation, all eyes are on fuel suppliers and whether they can provide what the industry needs. According to Niels Henrik Lindegaard, Managing Director of Maersk Oil...
https://www.hellenicshippingnews.com/shipowners-urgently-need-a-fuel-management-plan/
China may issue more fuel export quotas to refiners to prevent run cuts -sources
China may issue an additional 3 million to 4 million tonnes of permits for refined fuel exports for 2018 to prevent state-owned refiners from having to slash throughput rates, according to three sources briefed on the matter. The government has been looking to keep fuel export quotas at around 43...
Babcock ecoSMRT receives LR acknowledgement for ship application
Babcock International has been recognised by LR in completing a critical step towards achieving the LR General Approval for an LNG ship for its innovative ecoSMRT® single mixed refrigeration reliquefaction technology. Receiving LR Risk Based Design (RBD) process approval at Gastech 2018 in...
S.Korea: Growth of seaport cargo slows on Sino-U.S. trade row
Cargo processed at South Korean seaports has grown at a slower-than-expected pace this year in the wake of an intensifying trade row between the United States and China, data showed Friday. Container cargo handled at South Korea’s largest port of Busan stood at 12.44 million twenty-foot equivalent...
https://www.hellenicshippingnews.com/s-korea-growth-of-seaport-cargo-slows-on-sino-u-s-trade-row/
U.S. inland port city seeks better trade relations with China
Laredo, one of the largest inland ports of the United States, is seeking a stronger trade relationship with China, an official said. The two-day annual North American Logistic & Manufacturing Symposium closed Thursday in Laredo, a city built up along the border between the United States and Mexico....
https://www.hellenicshippingnews.com/u-s-inland-port-city-seeks-better-trade-relations-with-china/