US sanctions on Iran may cause oil prices to rise further, Russian energy minister Alexander Novak warned Wednesday, even as he said his country was prepared to increase its production if the market sees a supply crunch. “There is potential for oil price growth,” Novak said at the Russia Energy...
Πρώτη σελιδα
Oil prices will ‘certainly’ go above $90 after sanctions on Iran and Venezuela ‘tighten the market,’ says energy and geopolitics expert
The price of oil will ‘certainly’ go above $90 and likely spike above $100 in the coming months as sanctions on Iran tighten an already stretched global oil supply, an energy and geopolitics expert has told Business Insider. The market in 2019 would always have been tight with producers struggling...
BLOC Wins MIT Solve Competition With Blockchain Shipping Emissions MRV Solution
Blockchain technology and governance specialist, Blockchain Labs for Open Collaboration (BLOC), has won Massachusetts Institute of Technology (MIT) Solve’s Coastal Communities Challenge, for its work in developing shipping Emissions Monitoring Reporting (MRV) solutions. The Massachusetts Institute...
Genoil Produced Commercial Grade Low Sulfur Fuel Oil for a Shipping Client, Significantly Less Than IMO 2020 Sulfur Regulations
Genoil Inc. announces successful processing of IFO 380 marine fuel oil at our feedstock processing facility in UFA Bashkortostan. The processing was done for an undisclosed shipping company who is based in Norway and which operates a topping plant adjacent to a significant tank terminal in...
Diana Shipping (DSX) Upgraded to Hold by ValuEngine
ValuEngine upgraded shares of Diana Shipping (NYSE:DSX) from a sell rating to a hold rating in a report published this week. Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Diana Shipping from a hold rating to a buy rating and set a...
https://www.hellenicshippingnews.com/diana-shipping-dsx-upgraded-to-hold-by-valuengine/
Insight from Washington: The SPR rumor is dead, long live the SPR rumor
When Saudi Arabia, Russia and other oil producing countries decided against a broad increase in crude output in Algiers last month, chatter began that the US was mulling a release from its government-owned oil stocks. When the Algiers meeting wrapped up, Saudi energy minister Khalid al-Falih told...
Hong Kong shipowner/operator amalgamation: Asia Maritime Pacific joins forces with Fenwick Shipping Services
Asia Maritime Pacific and Fenwick Shipping Services are pleased to announce that the two companies have merged their operations. Asia Maritime Pacific is an international Handysize and minibulker owner and operator, headquartered in Hong Kong, with a fleet of over 40 modern dry bulk vessels...
Innospec Announces New Technology to Support IMO-2020
Innospec Inc. reported that it has launched an exciting new range of marine fuel additives. These products will help the shipping industry comply with the new regulations regarding maximum sulfur content of marine fuels, which comes into force on January 1st, 2020. The International Maritime...
https://www.hellenicshippingnews.com/innospec-announces-new-technology-to-support-imo-2020/
Protection Vessels International: Weekly Maritime Security Report
South East Asia Malaysia: Armed assailants board oil rig in Johor 26 September Two assailants armed with swords boarded an oil rig at 0230 hrs local time around 1.5 nm southeast of Tanjung Bulat, Johor. The robbers tied up the rig’s security guards and stole personal belongings from the crew and...
CMA CGM Corporate Foundation: 16 associations rewarded, and 8,000 children supported as part of the theme: “Promoting equal opportunities for children from disadvantaged backgrounds”
The CMA CGM Corporate Foundation is pleased to announce the name of the associations that will be rewarded following its 2018 call for proposals on the theme “Promoting equal opportunities for children from disadvantaged backgrounds”. This year, 16 French and Lebanese associations were selected,...