Equinor Warns of $1.8b Impairment Charge for UK Mariner Oilfield
Norwegian oil and gas company Equinor has reduced its total recoverable reserves estimate for the Mariner field in the UK North Sea, which will result in a $1.8 billion impairment in Equinor’s result for...
Maritime Industry To Discuss Decarbonization in Hamburg
On June 21-22, 2022, the 3rd Decarbonizing Shipping Forum will gather major shipowners, service providers, research, and government bodies for two days of knowledge sharing and networking in Hamburg, reports the Maritime Executive.
The forum...
[Watch] Rare Deep-sea Giant Phantom Jellyfish
This ghostly giant is a rare sight. But in November 2021, MBARI researchers spotted this giant phantom jelly (Stygiomedusa gigantea) with the ROV Doc Ricketts 990 meters (3,200 feet) deep in Monterey Bay.
The bell...
Allied’s Weekly Market Report – Week 01, 2022
The dry bulk sector, undoubtedly, began the new year with a strong start. We are at 12-year high levels in average returns for all dry segments
For full report click here
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Gibson Tanker Report – Sticking To The Plan
The first key item on the agenda for oil markets was the January 4th OPEC+ meeting in which the alliance decided to maintain its planned.
For the weekly tanker report please click here
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Oil Market To Remain Tight Until The World Starts To Live With Covid
ICE March Brent futures contract was up 31 cents/b (0.38%) from the previous close
Libyan oil output meanwhile is poised to recover to about 1.2 million b/d
oil prices will likely trade range...
HHI Team Up With ABS On Real-Life Trials Of Autonomous Ship
HHI Group has teamed up with the classification society American Bureau of Shipping (ABS) to work on real-life trials of autonomous ship technologies.
The agreement will see Avikus start stage-by-stage demonstration tests for...
Fines Imposed On Vessels Causing Pollution
Article 20 of the Turkish Environmental Code 1983, law no.2871, provides that fines may be imposed by the relevant authorities on vessels causing pollution in Turkish waters.
The fines are calculated in reference...
Spilethoff Group Conducts Successful Trials in Use of 100% Biofuel
Spliethoff Group then set out to test the use of 100% biofuel.
trials were executed in cooperation with Netherlands based sustainable marine fuels company
Spliethoff Group has announced it is trialing the use of...
Here Are Some Ways To Self-Heal A Pandemic Breakup
2020 was “the year of breakups”
a pandemic breakup, like a pandemic anything, hits a little differently.
Even with life slowly creeping back to normal, a split from a partner during such stressful times...