Oil Price Fall Continues as China’s Outbreak Weighs on Demand
Oil slumped in New York after a surprise increase ins U.S. crude inventories added to renewed concerns about demand recovery as China battles the coronavirus resurgence, says a press release published on World Oil.
Weakening...
Galveston & Stabilis Join MOU on LNG bunkers
Galveston Wharves at the Port of Galveston and energy transition services firm Stabilis Solutions have signed a memorandum of understanding to enable LNG bunkering at that Texas port, says a press release published on...
Japanese Trio Establish Hydrogen-fuelled Engine Venture
Kawasaki Heavy Industries, Yanmar Power Technology, and Japan Engine Corporation unveiled the launch of HyEng Corporation as part of their net-zero drive, says an article published in Offshore Energy.
About the launch
The launch of hydrogen-fueled...
[Watch] Time-lapse Video Of Two Massive New Giant STS Gantry Cranes
The new, state-of-the-art container port at Ringaskiddy has got two massive new landmarks - giant Ship to Shore (STS) gantry cranes that tower over the facility.
Disclaimer: This video is intended for informational purpose only....
Shipping Is Overtaking Aviation in Greenhouse Gases Emission
Ships transport more than 10 billion metric tons of cargo each year, including clothing, electronics, and oil, says an article published on yale climate connection website.
Emissions by ship
Almost all of these ships run on...
Exports of Fuel Oil Increase, Oil Product Stocks Crumble
Oil product stockpiles at the UAE's port of Fujairah have fallen to a four-month low, led by a decline in fuel for power generation and marine bunkers.
Total inventories stood at 18.747 million...
Nakilat & DNV Unite on Improving Vessel Software Reliability & Quality
Nakilat, a global leader in energy transportation, Classification Society DNV, and a group of leading yards and system suppliers have teamed up on a joint development project (JDP) to elevate software reliability and maintenance...
Multi-sensor Platform for In-Stream Tidal Energy Monitoring
A multi-sensor platform developed by DP Energy to track environmental effects of in-stream tidal turbines has been deployed in the Minas Passage in Canada’s Bay of Fundy, says an article published on offshore energy...
World-first CO2 Capture Plant Onboard A Vessel
Kawasaki Kisen Kaisha (K Line) has been conducting a joint project with Mitsubishi Shipbuilding and Class NK to develop a world-first CO2 capture plant onboard a vessel, says a Splash 247 news source.
Installation of...
Lucrative East-west Routes Forces Ocean Carriers To Switch Vessels
Ocean carriers continue to shift tonnage from intra-Asia and north-south trades to more lucrative east-west routes.
It is in turn driving freight rates up on these secondary trades, threatening the sustainability of global...