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Castrol highlights marine lubricant choice more critical than ever

21/07/2020

Global lubricants supplier Castrol highlights the increasingly important role of marine lubricants as the engine room environment changes.

More efficient engines, new and varied fuels, and recent changes to leading OEM cylinder oil strategies are making lubricant choice a more important

IMO 2020 – 100 days amidst the Pandemic

20/07/2020

What was on the minds of all shipowners coming into 2020 has now been clearly over shadowed by the pandemic and its significant impact. However, challenges remain on the full implementations of IMO’s 2020 sulphur cap.

The next key regulatory milestone

EIA forecasts U.S. petroleum demand will remain below 2019 levels for several more months

20/07/2020

Consumption of U.S. liquid fuels fell in March and April 2020 as a result of reduced travel related to COVID-19 and its mitigation measures. The U.S. Energy Information Administration’s (EIA) July Short-Term Energy Outlook (STEO) forecasts that U.S. consumption of

Tankers: A Slight Retreat for VLCCs This Week

19/07/2020

VLCC
Rates in this sector fell back slightly, with 280,000mt Middle East Gulf to USG via the Cape/Cape routing assessed one to two points lower at WS24 and 270,000mt to China now sits at WS42.5 level, down four points. As

Oil & gas project sanctioning in 2020 set to fall by more than 75% despite activity in Norway, Russia

19/07/2020

Global project sanctioning is set for a staggering decline this year of over 75% from 2019 levels, as the Covid-19 epidemic has caused E&P spending to drop much lower than what was expected at the beginning of the crisis. Rystad

South Asia Gateway Terminals (SAGT) becomes first Sri Lankan terminal to join TradeLens to digitalise supply chains

17/07/2020

SAGT, the first Public Private Partnership (PPP) container terminal in Sri Lanka, also became the first terminal in the country to adopt the Blockchain Technology by collaborating with TradeLens, a digital platform jointly developed by A.P. Moller – Maersk and

OPEC+ Cuts Tapering Reflects Recovering Oil Demand

17/07/2020

The OPEC+ agreed tapering of oil production cuts from August should support a gradual market rebalancing and may help reduce price volatility, Fitch Rating says. We expect OPEC+ to continue to periodically adjust the two-year deal reached in April 2020

Nine companies have started “Ship Carbon Recycling WG” of Japan’s CCR Study Group: Cross-industry initiatives for zero-e

16/07/2020

Nine Japanese companies (Note 1) have started the Ship Carbon Recycling Working Group (hereinafter referred to as “WG”) formed within Japan's Carbon Capture & Reuse (CCR) Study Group (Note 2), and held its first meeting. Participating members are EX Research

Pilot LNG Announces “Galveston LNG Bunker Port” Project to Provide Clean-Burning LNG Marine Fuel to Ports of Houston, Te

16/07/2020

Pilot LNG LLC (Pilot LNG), a clean energy solutions company focused on providing infrastructure solutions to supply new markets with clean-burning natural gas, announced today the filing of its regulatory applications paving the way for the development of the region's

The 5G Port of the Future

15/07/2020

One of the greatest challenges that ports face today is how they can evolve and adapt to become more efficient, competitive and sustainable. With its low latency, high capacity, and enhanced flexibility, 5G stands to bring unprecedented value to the

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