18 sept 2019 Dr. Dean Foreman, the American Petroleum Institute’s chief economist, says the U.S.’ energy revolution has changed the impact of the attack on Saudi Arabia’s oil processing facilities over the weekend. He says the U.S. energy revolution has effectively provided spare oil production capacity to the world, and …
Read More »JAPAN MAY DUMP RADIOACTIVE WATER FROM FUKUSHIMA INTO SEA
17 SEPT 2019 Japan’s environmental minister has said the country may have to dump more than a million tons of radioactively contaminated water from the wrecked Fukushima nuclear plant into the ocean as storage runs short, sparking outrage among fishermen and environmentalists. Tokyo Electric Power Co, or Tepco, the Fukushima …
Read More »DRONE ATTACK THREATENS GLOBAL OIL SUPPLIES
16 SEPT 2019 A drone attack on two of Saudi Aramco’s oil facilities in Saudi Arabia on Saturday has threatened global oil supplies. Saudi Aramco emergency crews contained fires at its plants in Abqaiq and Khurais as a result of the terrorist attacks which have resulted in production suspension of …
Read More »EXAMINING AUTONOMOUS SHIPS’ VULNERABILITY TO PIRACY
13 sept 2019 Autonomous ships are a hot topic in the maritime sector; piracy and armed robbery too. Since the beginning of the year, according to the IMB, almost 100 attacks have been committed against ships all around the world. 2018 saw a marked increase in attacks compared to the …
Read More »GIBRALTAR BOOSTS PORT PREPARATIONS IN CASE OF NO DEAL BREXIT
A cloud partially covers the tip of the Rock of the British territory of Gibraltar, 12 SEPT 2019 By Jonathan Saul LONDON, Sept 13 (Reuters) – Gibraltar has extended port facilities to be able to handle more ships carrying goods as part of contingency plans if Britain leaves the European …
Read More »IRAN SAYS TANKER OIL SOLD AT SEA, BUYER SETS DESTINATION
FILE PHOTO: Iranian oil tanker formerly known as Grace 1 sits at anchor off the coast of the British Mediterranean territory, in the Strait of Gibraltar, August 15, 2019. 11 SEPT 2019 Iran’s envoy to London said on Wednesday the oil cargo of tanker Adrian Darya 1 was sold at …
Read More »IMO 2020: DIRTY FUEL OIL DOWN BUT NOT OUT
08 SEPT 2019 Asia’s spot premium for 380-centistoke (cst) high-sulphur fuel oil (HSFO) is expected to ease gradually from its recent record highs as shippers adopt cleaner marine fuels next year to meet new, tougher rules on emissions from ships. But as the deadline approaches, analysts and traders agree that …
Read More »NORTHERN SEA ROUTE SHIPPING EXPECTED TO QUADRUPLE BY 2024
The LNG-powered Lomonosov Prospect in the Northern Sea Route. 06 SEPT 2019 Russia expects shipping along the Northern Sea Route in to increase more than four-fold by 2024 compared to 2018 levels. The outlook was presented this week during a working meeting of the Northern Sea Route (NSR) Public Council …
Read More »ABANDONED CARGO SHIP FOUND DRIFTING IN THE MID-ATLANTIC
An image of the mystery ghost ship found abandoned in mid-Atlantic. Royal Navy Photo 05 SEPT 2019 The Royal Navy ice patrol ship stumbled upon a mysterious ghost ship while in underway in the mid-Atlantic Ocean earlier this week. The Royal Navy’s HMS Protector came across the abandoned vessel on …
Read More »IRAN RELEASES SOME STENA IMPERO CREW MEMBERS
A boat of Iranian Revolutionary Guard sails next to Stena Impero, a British-flagged vessel owned by Stena Bulk, at Bandar Abbas port. 04 SEPT 2019 Iran has released seven of the 23 crew members of the British-flagged tanker Stena Impero that was seized earlier this summer, Sweden’s foreign minister said …
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