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DNV GL launches new PSC Planner application

27/04/2017

Classification society DNV GL has launched a new application on its My DNV GL portal – the Port State Control (PSC) Planner. The PSC Planner has been designed to help ship owners, managers and operators increase their operational efficiency by

Fitch: Grant Cuts May Raise US Port Leverage, Delay Capex

27/04/2017

Proposed cuts to an existing grant program would force US ports to choose between issuing debt to keep capital improvements on schedule, thus raising their leverage positions, or delaying capital programs to allow cash from operations to accumulate, Fitch Ratings

Drewry trims long-term freight rate outlook for LNG shipping

26/04/2017

Given the mounting pressure on freight rates and continuing fleet growth over the next two years, Drewry believes that excess vessel supply will reduce only gradually with the recovery in rates pushed back to the latter part of next year,

Launch of Seafarer Salary Benchmarking

26/04/2017

A New Global Benchmarking service giving employers of crew reliable and easily-comparable pay data for all officers and ratings has been launched.

The product comes from the HR Consulting division of maritime HR and Recruitment specialists Spinnaker Global Ltd, which already

Fitch: U.S. Capex, Rigs and Production Rebound on O&G Outlook

25/04/2017

Increasing capex and rig counts are expected to drive production growth of 5% in 2017 as measured across 40 U.S.-focused exploration and production (E&P) companies, according to Fitch Ratings. Total drilling and completion spending is also expected to increase approximately

Douglas-Westwood: Why the shortage of frac sand in Lower 48 Shale?

25/04/2017

Many oilfield service and supply companies, including Halliburton (NYSE: HAL), Hi-Crush (NYSE: HCLP), U.S. Silica (NYSE: SLCA), and Fairmount Santrol (NYSE:FMSA) have cited a shortage of frac sand for the U.S. shale plays, specifically 40/70 frac sand in the Permian

How are monitoring reporting solutions impacted by MRV?

24/04/2017

One of the highlights of HullPIC 2.0, the hull performance and insight conference in March 2017, is the contribution by Torsten Büssow and Jarle Blomhoff about how monitoring reporting solutions are impacted by MRV.
The conclusion of the two DNV

EIB signs agreement of 150 million euros to finance green shipping

24/04/2017

The European Investment Bank and Dutch bank ABN Amro will sign an agreement today to support investments for greening the European shipping fleet. This framework is the first with a financial institution in the Netherlands and is supported by the

Natural gas inventories end heating season above five-year average

22/04/2017

Working natural gas in storage as of March 31, the traditional end of the heating season, totaled 2,051 billion cubic feet (Bcf), or almost 15% above the five-year average according to EIA’s Weekly Natural Gas Storage Report. The total inventory

Weak Diesel Recovery in 2017 and 2018

22/04/2017

The recovery of diesel price spreads to crude that started this year will continue in 2018, according to ESAI Energy’s newly published Global Diesel Two-Year Outlook. But the recovery will remain sluggish, as global demand grows slowly. Exporters in Russia

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