Hutchison Ports Pakistan, the country’s first deep-water container terminal, has set a new vessel handling record for Karachi, having handled 5,862 moves in just over 27 hours while servicing the 8,652-TEU Hyundai Brave. During the vessel’s stay, the terminal achieved a vessel operating rate (VOR)...
https://www.hellenicshippingnews.com/hutchison-ports-pakistan-set-new-vessel-handling-record/
The Bomin Group, a supplier of marine fuels, announced that it will exit the bunker markets in Singapore and Antwerp. Going forward Bomin will operate from only two offices: Houston and Hamburg. The two offices will serve all Bomin customers in all German ports, the US Gulf Coast, Panama, Norfolk,...
https://www.hellenicshippingnews.com/bomin-exits-the-bunker-markets-in-singapore-and-antwerp/
Iran will export significantly less oil than was initially expected when the United States first announced it would reimpose sanctions on Tehran, and that should boost prices, a senior executive at commodities trader Trafigura said. “I think when the sanctions were first announced a number of...
Global oil prices at around $70 a barrel would be good for both producers and consumers, allowing for oil and gas investments while not hurting demand, a senior Kuwaiti oil official said. “We need to have a balance where higher prices won’t destroy demand … while higher prices also encourage...
As much as 23% of cargo moving through the Port of Long Beach and more than 20% of cargo at the Port of Los Angeles stand to be affected by tariffs on $200 billion worth of Chinese imports announced by the Trump administration on September 17, according to port representatives. The 10% tariffs are...
The Marshall Islands, an atoll-nation vulnerable to sea level rise from climate change, announced steps towards an ambitious plan to cut its greenhouse emissions to zero by 2050. The Pacific country became the first small island nation to present such a strategy to the United Nations amid...
Major Middle Eastern crude producers could revive their market share in Asia as the OPEC/non-OPEC output cut agreement officially ends later this year, but Asian refiners may end up paying higher prices as overall Persian Gulf supplies are expected to remain tight because of uncertainties...
Africa’s biggest oil and natural gas producer plans to expand in most areas of the energy industry except for crude, shunning U.S. President Donald Trump’s latest Twitter directive for OPEC members to reduce oil prices. Algeria’s state-owned Sonatrach Group plans to develop onshore and offshore gas...
https://www.hellenicshippingnews.com/trump-fortunately-failed-to-sway-opec-algerian-oil-boss-says/
PetroChina expects to import around 15 million mt of crude oil from Venezuela in 2018, unchanged from last year, despite falling production in the South American country, Zheng Jun, vice president of ChinaOil, PetroChina’s trading arm, said on the sidelines of the Asia Pacific Petroleum Conference...
Presenting the launch of vessel drydocking services in the Mediterranean region, Multimarine Shipyards successfully held the “Multimarine Shipyards Middle East Forum” at the Gefinor Rotana Hotel in Beirut, Lebanon, at September 19th, bringing together maritime industry leaders from Lebanon and...