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Hapag-Lloyd receives 3.5 stars out of 5 on environmental reporting

05/11/2020

The report is long (120 pages), only some pages shorter than the one by MSC (138 pages), which we reviewed last week. Another similarity is that it is quite “stingy” with numbers, believing that reporting is mainly text when it

TT Talk – Mitigating the impact of windstorms in container terminals

05/11/2020

Analysis of TT Club’s claims experience continues to highlight the vulnerability of quay cranes, other handling equipment and containers to major weather related incidents at marine terminals. Despite the large mass, it is not uncommon for these cranes to be

DESMI: Ensure good workmanship around your ship’s pump systems

04/11/2020

“Ninety-nine percent of pump breakdowns onboard ships are not due to faulty pumps. They are instead due to lack of knowledge or skills”, DESMI's experienced sales engineer, John Nielsen says. Here is John's list of recommendations.

DESMI's Sales and Application Manager

OPEC members’ net oil export revenue in 2020 expected to drop to lowest level since 2002

04/11/2020

The U.S. Energy Information Administration (EIA) forecasts that members of the Organization of the Petroleum Exporting Countries (OPEC) will earn about $323 billion in net oil export revenues in 2020. If realized, this forecast revenue would be the lowest in

Improving efficiency to increase value in the offshore drilling industry

04/11/2020

Amidst multiple downward pressures, including Covid-19 and a global increase in the oil supply, the offshore drilling industry must squeeze its existing operations for efficiency in order to compete.

With global oil prices crashing under the pressure of multiple events, including

Drilling and fracking accelerate ahead of what could be an industry-changing US election

04/11/2020

Ahead of what could be an industry-changing presidential election in the US, a Rystad Energy analysis reveals that drilling and fracking activity has accelerated. North American fracking likely peaked in October at around 780 started jobs, with activity recovering from

One quarter of the global floater fleet could be scrapped as Covid-19 accelerates restructuring

03/11/2020

The new downturn that the Covid-19 pandemic has brought upon the oil and gas industry has put many sectors in financial distress. Restructuring in the already-stretched offshore drilling market will accelerate, a Rystad Energy analysis shows, and the global floater

Tankers: VLCCs Fall Once Again

02/11/2020

VLCC
Another difficult week for owners saw rates fail to gain any traction. There was talk midweek of 280,000mt fixed west at WS17.5, but thereafter the market Middle East Gulf to US Gulf via the Cape/Cape routing softened and is

HEINEKEN pioneers with zero-emission shipping

02/11/2020

As the maritime industry seeks ways to become carbon-neutral, a new initiative – backed by some of the biggest corporations in the world – is designing entire systems to make inland waterways emission-free.

When brewer HEINEKEN decided it wanted a carbon-neutral

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