Tag: Petroleum
Neptune Energy Secures Unique CO2 License In North Sea
Neptune Energy, in collaboration with Sval Energi and Storegga, has celebrated the acquisition of a CO2 storage license in the Norwegian North Sea.
Trudvang License:...
Stolt-Nielsen Investigates The Possibilities Of Ammonia As An Alternative Fuel
To aid in the ongoing transition to low- and zero-carbon energy, Stolt-subsidiaries Nielsen's Stolthaven Terminals and Stolt Tankers are researching the possibility of ammonia...
US Gulf Supramax Demand Outstrips Larger Bulkers
Freight rates for US Gulf coast Supramax vessels are pushing higher on grain demand and tight vessel supply while larger Panamax and Capesize bulker...
Tanker Freight Charges Are Expected To Rise Quickly
According to the maritime group Bimco, freight prices for petroleum and goods will increase quickly in 2023 and 2024, mirroring the spike in rates...
Al Seer Marine Acquires $90mln Gas Vessel
The most recent acquisition is a part of the business's ambitions to expand its crude and gas tanker fleet, as reported by Zawya.
New acquisition
Al...
[Watch] Capsized Cargo Ship Leaks Petroleum Amid Salvage Operations
It took a year to plan, but the salvage efforts started in earnest in November 2020.
The first massive chunk was cut off...
The Potential for Biodiesel As a Marine Fuel
As the industry looks to prove the technical feasibility and commercial viability of fuels like ammonia, hydrogen and methanol – and ensure the safe...
Rebound Hopes for Shipping Industry A Distant Dream
Orders for new oceangoing ships are at record lows as carriers sit on the sidelines.
COVID-19 pandemic has left cargo carriers’ demand forecasts...
Tsuneishi Shipbuilding’s First LRI Chemical Tanker Delivered
TSUNEISHI SHIPBUILDING Co., Ltd. delivered its first LRI (77,000 DWT) Product/Chemical Tanker on March 29, 2019, says an article published in Sea News.
This first...
Navios Sells One VLCC for $21.75 Million
In a recent development, Navios Maritime Acquisition Corporation ("Navios Acquisition") announced on April 1st, that they have sold their oldest vessel of their fleet, the...