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Monday, August 26, 2019

Fuel Oil Prices News

Maersk Chief Executive Soren Skou (CREDIT: Maersk)

Maersk Warns Trade War Will Impact Box Shipping

Top U.S. importers are stocking up on Chinese goods before new import tariffs take effect, shipping giant A.P. Moller-Maersk said on Wednesday, but warned a trade war would hit demand for container shipping in the coming years.Maersk's data indicated that imports into the United States from China had grown 5 to 10 percent year-on-year in the third quarter as companies such as Walmart and Home Depot built up inventories to avoid new import tariffs, Chief Executive Soren Skou said."The irony is that after (U.S.

Photo: Kawasaki Kisen Kaisha

“K” Line Group to Implement “K” Line Wind program

“K” Line Group (Kawasaki Kisen Kaisha)  taking steps to improve our corporate culture and climate through the “K”-no-Kaze” (“K” Line Wind) program. Additionally, it is prepared a long-term policy for environmental conservation—called “Environmental Vision 2050”—to fulfill its responsibility to minimize our impact on the global environment. Early next month, DRIVE GREEN PROJECT, construction of a car carrier equipped with state-of-the-art technologies and designed to achieve the highest level of energy savings and environment-friendliness, is scheduled to be completed.

Award Presentation

NYK’s SIMS Wins Special Award

The Ship Information Management System (SIMS) jointly developed by NYK and the Monohakobi Technology Institute has been recognized with a special award from the Japan Institute of Navigation. An awards ceremony was held on July 27, 2015, and attended by Koichi Akamine, NYK senior managing corporate officer; Makoto Igarashi, president of MTI; and Hideyuki Ando, a senior general manager at MTI. The Japan Institute of Navigation is a public incorporated association for the purpose of contributing to the academic advance of navigation.

GDF Suez Further Develops LNG Bunkering

Small scale LNG: GDF Suez takes positions in this high potential market with capacities in Zeebrugge, Belgium, LNG terminal. GDF Suez continues to develop its small scale liquefied natural gas (LNG) activities in North West Europe following the award by Fluxys of additional berthing and storage capacity long term rights at the Zeebrugge LNG terminal. GDF Suez will have access to these capacities after the completion of the second jetty being constructed by Fluxys (expected in 2015).