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Proactive Measures Needed To Improve Hull Performance

19/02/2020

While owners have long recognised the link between clean hulls and lower fuel costs, lack of reliable data has slowed investments in optimising hull performance. But with improved sensor technologies and data analysis tools, hull performance is getting a second

Coronavirus prompts a crude rethink

19/02/2020

Price forecasts revised lower
The outbreak of the coronavirus has had a significant impact on commodity markets, and oil has certainly felt the pressure, with the demand outlook looking weaker as a result. Given expectations for an even larger surplus

Enforcing IMO 2020 sulphur limit – verifying sulphur content of fuel on board

18/02/2020

IMO 2020, the 0.50% limit of sulphur in ships’ fuel oil, has been in effect since 1 January 2020, cutting sulphur oxide emissions from ships operating worldwide. From 1 March 2020, the carriage ban on non-compliant fuel oil (except for

Waterways become climate-neutral transport routes of the future

18/02/2020

E.ON, Rotterdam Port Authority and DeltaPort Niederrheinhäfen are partnering up to create conditions conducive to switching inland shipping in Germany and Europe from diesel to battery and/or hydrogen drives. The companies agreed today in Essen to develop an infrastructure so

Tankers: Demand Still Slow, Expected to Worsen, Before it Gets Better

17/02/2020

VLCC
The market in the Middle East was unmoved this week, with Chinese refiners continuing to slow imports, allied with the impact of the Coronavirus and the return of the previously sanctioned Cosco tonnage. The list subsequently swelled, allowing the

Industry Voices: The Future of Automation

17/02/2020

At the Explore Automation event in Tampere Finland in October 2019, Kalmar brought together a diverse group of industry professionals to a panel discussion on the future of automation.

The panel was hosted by Mikko Mononen, Vice President, Sales, EMEIA, Kalmar,

Global Oil Stocks To Pile Up As Proposed Opec Cuts Are No Match For Coronavirus-Induced Surplus

15/02/2020

The coronavirus outbreak in China will curb global oil demand growth by at least a quarter this year, and the production cuts of 600,000 barrels per day (bpd) proposed by an OPEC+ committee are far from enough to balance the

Natural gas prices fall to lowest level since 2016, the lowest February prices in 20 years

15/02/2020

This winter, natural gas prices have been at their lowest levels in decades. On Monday, February 10, the near-month natural gas futures price at the New York Mercantile Exchange (NYMEX) closed at $1.77 per million British thermal units (MMBtu). This

Fitch Rtgs: Global Ports Vulnerable to Coronavirus-Related Volume Declines

14/02/2020

Global ports will see reduced trade volumes as a result of the coronavirus, COVID-19, which would become more severe should Chinese production take time to recover to pre-epidemic levels, says Fitch Ratings. Decreased production in China because of the extended

IEA Cuts Oil Demand Growth

14/02/2020

Global oil demand has been hit hard by the novel coronavirus (Covid-19) and the widespread shutdown of China’s economy. Demand is now expected to fall by 435 kb/d y-o-y in 1Q20, the first quarterly contraction in more than 10 years.

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