Crude Oil Plunges To $2/b, Iran Deal Gets Closer
Crude oil futures were sharply lower in mid-morning Asian trade Feb. 17 as Iranian nuclear talks were nearing a deal.
While US crude oil stocks unexpectedly rose last week. Physical crude, though, was...
GTT Tank Design Ordered By DSME for Maran Gas LNGCs
French LNG containment specialist GTT has received a tank design order for four new Maran Gas LNG carriers (LNGCs) from South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).
DSME is building these four...
Key Ports In The US Introduce New Queuing Process For Container Ships
On 16 November 2021, the Ports of Los Angeles and Long Beach introduced a new queuing process for Container Ships.
On 10 January 2022, it was expanded to San Francisco Bay Area for...
2M Slot Charter To Be Replaced By Hapag-Lloyd’s Express China Loop
Hapag-Lloyd has reacted to the 2M’s decision to terminate its slot charter deals with rival carriers by launching a standalone China to North Europe loop.
From April, Hapag-Lloyd will commence the direct service...
Crude Benchmarks Surge Amid Ukraine-Russia Tensions
Dated Brent rises above $100/b
Crude futures later slip as US, Iran near agreement
West skeptical as Russia says some troops withdrawn from border
Crude price benchmarks climbed Feb. 16, with Dated Brent rising...
The Methanol Institute Welcomes Its New Member
Dutch terminal company Evos has joined the international Methanol Institute (MI) as part of its strategy to be a key partner in the energy transition.
Frontrunner in the energy transition
The company already has a strong...
New MR Tanker Design Use Fossil Fuels To Reach IMO 2050 Targets
An MR tanker, designed by Sweden’s FKAB Marine Design, has been granted approval in principle (AiP) by Italian classification society RINA, claimed as the first AiP of a design using currently viable technology and...
UN Reaches Agreement To Unload Yemen’s Oil Tanker ‘Time Bomb’
The UN has co-ordinated a deal in Yemen to unload more than 1 million barrels of crude oil from the rusting FSO Safer tanker and make safe what officials and experts have described as...
Bulker Crew Poisoned During Cargo Ops
Ten people aboard a Turkish-owned bulker sustained poisoning from possible toxic fumes aboard the ship during loading, reports the Maritime Executive quoting the Russian media and investigating authorities at the Russian port of Nevelsk.
Violation...
[Watch] How Ports Manage To Stack Massive Shipping Containers
Shipping containers are so large that they are often used to build swimming pools and even homes. This begs the question: how do ports manage to successfully stack all these massive containers?
They do this through a very...