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Global Oil Demand Growth Evaporates As Coronavirus Keeps Planes Grounded


The coronavirus epidemic in China has triggered restrictions in the country's public transport and air travel, both at a domestic and an international level, reducing demand for oil, which has lost about a fifth of its value since the start

Refining set for a challenging 2020


Downstream isn’t the glamorous end of the oil business. And in Big Oil, it’s typically dwarfed by upstream. Yet having been forced to restructure and focus on costs early this century, downstream’s cash flow has underpinned a third of the

GreenSteam and Intra Mare bring machine-learning vessel optimisation to Greece


GreenSteam, developers of the first machine learning based vessel performance optimization software, has partnered with Intra Mare, an international marine sales and naval architect organization promoting leading marine equipment makers. Intra Mare will represent GreenSteam in Greece and support the

CMA CGM and Energy Observer join forces to make hydrogen one of the energy sources of tomorrow


The CMA CGM Group, a world leader in shipping and logistics and a pioneer in the field of energy transition, is joining forces with Energy Observer, the first hydrogen-powered vessel to embark on a round-the-world voyage.

A common ambition: zero-emission shipping


VLCCs Down As Coronavirus Impact Starts Plaguing the Tanker Market


The market in the Middle East dropped further this week, with the deepening impact of the coronavirus outbreak on oil demand from China keeping activity low. Rates for 270,000mt to China fell 12.5 points to the low WS 40s,

Tanker Market Expected to Face Huge Downward Pressure During 2020 says McQuilling Services


McQuilling Services is pleased to announce the release of its 2020-2024 Tanker Market Outlook. This 185-page report provides a detailed analysis of oil fundamentals, global economic and geopolitical context in addition to tanker demand and supply projections across eight vessel

Shipowners taking safe stevedoring on board seriously


As recently as two years ago, the estimated number of preventable deaths by dockworkers registered by the International Transport Federation stood at fifty worldwide. Between January 2018 and May 2019 ITF calculate at least sixteen dock workers and twelve seafarers

Real-time support – from across the world


Kalmar OnWatch is a remote service that provides automation expertise to customer operations, engineering and IT. With the service, Kalmar can monitor, assist and troubleshoot from wherever the world’s best specialists are located. The scope of service can vary from

Chinese LNG importers consider invoking force majeure


Yesterday, China National Offshore Oil Corporation declared a force majeure – among the first known cases of the legal clause being invoked.

This topic has created significant discussion amongst the global LNG team at Haynes and Boone.

Rob Patterson, partner at law

MAN Energy Solutions Launches MAN Fluid Monitor for Lube Oil


The MAN Fluid Monitor for lube oil is a light and robust system developed by MAN Energy Solutions to meet the needs of the owners of industrial installations where lube-oil quality is a critical setting. It enables owners to actively

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