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The end of the paper chase: DNV GL rolls out electronic certificates across entire fleet

17/10/2017

In a historic first for the ship classification industry, DNV GL has commenced the roll out of IMO compliant electronic class and statutory certificates across its entire fleet. The widespread use of electronic certificates will result in significant efficiency gains

U.S. crude oil production expected to increase through end of 2017, setting up record 2018

17/10/2017

EIA forecasts that U.S crude oil production will average 9.4 million barrels per day (b/d) in the second half of 2017, 340,000 b/d more than in the first half of 2017. Production in 2018 is expected to average 9.9 million

Ship trials in the virtual world

16/10/2017

Today, we have several different options for assessing hydrodynamic performance. Empirical benchmarking, by searching databases for vessels with similar principle parameters, can be a quick and inexpensive way to assess a design. But the results will only reflect general trends

The Winter Product Markets Outlook

16/10/2017

Oil product markets in the major consuming regions performed well this summer, favoured by the seasonally-higher gasoline demand. US refinery markets averaged as high as $20/b by the end of the summer, representing an improvement over the same period last

MARPOL fines for oil pollution and operational best practice

14/10/2017

In recent years, the club has seen an increase in both the number of fines for MARPOL violations in respect of oil pollution and also the level of fines. This is particularly so in the USA, where MARPOL fines have

Australian LNG imports could make economic sense

14/10/2017

Major eastern Australian gas buyer AGL has proposed to use a leased Floating Storage and Regasification Unit (FSRU), approximately 65km south of Melbourne, to import LNG and ease domestic gas shortage issues. This solution has faced mixed reviews given the

Skangas breaks boundaries by delivering fuel change to LNG in open sea

13/10/2017

For the first time Skangas' vessel Coralius both cooled down tanks and delivered liquefied natural gas (LNG) in one operation. The receiving vessel LEG/C Navigator Aurora was supplied with just under 500 mt LNG in the middle of a voyage

Global oil market seen balanced in 2018, even with rising output – IEA

13/10/2017

Over the last few months, questions lingered about whether producers were seriously committed to their agreement to cut output and balance the market. While there may still be doubts about some of them, the market heavyweights have once again walked

DBS Approved by Liberia Registry for IMO Fuel Oil Data Collection System

12/10/2017

The Liberia Registry has approved Dromon Bureau of Shipping (DBS) to provide verification services on the upcoming IMO data collection system for fuel oil consumption of ships as implemented by amendments to MARPOL Annex VI.

DBS can offer the following services

OPEC sees higher oil demand, points to tighter market in 2018

12/10/2017

The OPEC Reference Basket rose to $53.44/b in September, its highest value since July 2015. Crude futures prices also saw gains, with ICE Brent averaging above the $55/b, supported by increasing evidence that the oil market is heading toward rebalancing.

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