Oil shipments from Iraq's southern terminals have fallen so far in April, according to loading data and an industry source, reflecting a temporary drop in export capacity and Iraqi efforts to comply with OPEC production cuts.OPEC's second…
Nor-Shipping has revealed the shortlist for its coveted Young Entrepreneur Award 2017, with the final four nominees championing innovations with the potential to transform key areas within the global maritime industry.The award, a joint initiative with YoungShip…
DNV GL launched a new joint industry project (JIP) to develop a Recommended Practice intended to de-risk the adoption of “Twisties” and demonstrate the unitization of wind project cargo. The innovative concept is called “Twisties” - a modular…
A.P. Moller-Maersk's new chairman committed to automating its systems as the oil and shipping group steps up its drive to become more efficient and save costs at a time of low oil prices and declining freight rates.The more than 100-year-old conglomerate's digital push will mean that in theory…
The world's biggest liquefied natural gas (LNG) buyers are clubbing together to secure more flexible supply contracts in a move that further shifts power to buyers rather than producers. Korea Gas Corp (KOGAS) said on Thursday it had signed…
The Washington State Supreme Court has ruled in favor of the Port of Vancouver USA in an appeal brought by Columbia Riverkeeper and Northwest Environmental Defense Center. The court’s March 16 decision affirmed the Washington Court of Appeals’…
Gail India launched a tender seeking a liquefied natural gas (LNG) cargo for delivery in the first-half of April, trade sources said. The tender, launched on Monday, follows two recent cargo purchases also for delivery in April.(Reporting by Oleg Vukmanovic, editing by Louise Heavens)
Rising exports have thrown a lifeline to U.S. shale producers and refiners, giving them an additional outlet at a time when the domestic market has been at risk of becoming saturated.The United States exported record quantities of natural gas…
Mexico's state-run power utility CFE has extended the close of a buy tender seeking two liquefied natural gas (LNG) cargoes in April by one day to Wednesday, trade sources said.The deliveries are due to arrive at Mexico's Altamira terminal on the Atlantic coast…
Russia could double gasoline exports in coming years due to a leap in its refining capacity and a falloff in domestic demand, which could worsen a fuel overhang in Europe, according to experts and Reuters calculations.Russian gasoline exports jumped by more than 15 percent last year to 3…
A senior official at Libya's National Oil Corporation (NOC) warned on Monday of a possible declaration of force majeure at the Es Sider and Ras Lanuf oil terminals, as air strikes continued and rival forces mobilized fighters in the area.NOC board member Jadalla Alaokali said force majeure…
Omani government-owned Oman Shipping Company (OSC) has secured USD 227 million in debt to finance the acquisition of ten tankers, Reuters said citing France-based Societe Generale. The new medium range tankers are chartered to Shell Tankers Singapore for seven years…
OEM Group said it has named Mike Macleod as its new finance director as part of the company’s growth strategy which aims to see its turnover increase by 25 percent to £3 million in the next 12 months. With more than six years’ experience working at director level…
Spotlight on Iranian CrudeVesselsValue senior analyst William Bennett has put together a short report on Iranian Crude, specifically analyzing overall shipment trends (which are on the upswing). With new sanctions looming, what will the future hold…
Woodside and GE have signed an agreement to work together to support the use of LNG as a fuel in Western Australia.The agreement will provide customers with the option of seamless access to reliable LNG fuel supply and gas-fuelled transport and power generation solutions…