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Global upstream oil and gas: new challenges ahead in 2021


What are the key trends to watch in the upstream oil and gas industry in 2021?

Tackling unprecedented challenges became the new normal for the oil and gas industry in 2020. In rising to those challenges the sector challenged stakeholders’ perceptions

ABS-Classed Suezmax is World’s First Ammonia Ready Vessel


An ABS-classed Suezmax tanker ordered by Avin International LTD, the first vessel of a potential order of three vessels, is to be the first ammonia-fuel ready vessel in the world.

The landmark 274-meter-long vessel, hull number 0315852, is now under construction

STS crane modifications equip ports for rapidly changing needs with extended range and longevity


A world leader in the design, manufacture and maintenance of all types of port cranes, Konecranes, has introduced reach and height modernisations of ship-to-shore (STS) equipment to help operators to adapt quickly and cost efficiently to rapidly changing demands and

IEA: Oil Market’s Rebound Delayed


The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining

Maritime industry players join forces to realize the decarbonization potential of solid oxide fuel cells


Alfa Laval, DTU Energy, Haldor Topsoe, Svitzer and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping are entering into a joint project to accelerate the development of solid oxide fuel cell (SOFC) technology. Funded by a grant from Danish

Chevron Marine Lubricants keeps ships sailing amid VLSFO engine challenges


Chevron Marine Lubricants has helped ship owner customers identify and manage a distinctive engine condition challenge associated with the widespread switch to low-sulphur fuels.

Some ship owners using very low-sulphur fuel oil (VLSFO) have reported build-up of red deposits on piston

Port of Antwerp: Record container throughput limits losses in 2020, the year of coronavirus


The total throughput of Port of Antwerp in 2020 amounted to 231 million metric tonnes of cargo, a fall of 3.1% compared with the previous year. Thanks to the buoyant container throughput rates, which set a new record, the port

VLCCs: Rates Start to Weaken



A general further weakening of rates was seen across this sector. In the Middle East 280,000mt to US Gulf via the Cape/Cape routing is assessed another point down at WS19.5. Meanwhile, 270,000mt to China is now rated five points lower

How the oil market plays out in 2021


Oil prices have tripled in nine months. Brent averaged just US$18/bbl last April, as demand collapsed and the market was swamped with crude. As the effects of the pandemic unfolded, the mood turned increasingly bearish. Ann-Louise Hittle, Head of Macro

Investing in liquefied gas-fueled tankers is a sustainable investment for the future


When the Gothenburg based shipowner company Furetank had to make a decision about which fuel to invest in, they opted for liquefied gas. A choice they’re very happy with today. The company is continuing the switch to gas and replacing

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