The Houston Ship Channel and adjacent refineries, part of the Port of Houston, are seen in Houston, Texas, U.S., 09 JUN 2019 By Erwin Seba HOUSTON, June 10 (Reuters) – Global prices for diesel and marine fuels should rise by October ahead of a January switchover to new, very low-sulfur …
Read More »DNV GL: LNG TANK CAPACITY POINTS TO ‘NEW ERA’ IN SHIP FUEL
LNG bunkering at Port of Gothenburg. 08 JUN 2019 The rapid growth in installed LNG tank capacity points to a potential boom in LNG for larger vessels over the coming years and could mark the start of a new era in ship fuel, according Martin Wold, head of the Alternative Fuels …
Read More »U.A.E.-LED PROBE OF OIL TANKER ATTACKS POINTS TO `STATE ACTOR’
A damaged Andrea Victory ship is seen off the Port of Fujairah, United Arab Emirates, 07 JUN 2019 An investigation into a spate of attacks on oil tankers in the Middle East last month has concluded that a “state actor” is to blame, according to a summary of the preliminary …
Read More »AMERICAN OIL KEEPS FLOWING TO CHINA DESPITE MOUNTING TRADE WAR
06 JUN 2019 Washington’s escalating trade war with Beijing hasn’t choked off the flow of American oil to China. At least six million barrels of U.S. crude set off for Chinese refineries in May, according to ship tracking data compiled by Bloomberg. In June, American shipments to the Asian nation …
Read More »CHINA LAUNCHES SPACE ROCKET FROM SHIP AT SEA
A Long March-11 rocket takes off from an offshore platform in the Yellow Sea off Shandong province, China June 5, 2019. 05 JUN 2019 China successfully launched a rocket from a ship at sea for the first time on Wednesday, state media reported, the latest step forward in its ambitious …
Read More »SHIPPING LOSSES FALLING BUT NUMBER OF INCIDENTS STEADY -STUDY
Graphic courtesy Allianz Global Corporate & Specialty SE 04 JUN 2019 Large shipping losses in 2018 fell to their lowest level this century, having declined by over 50% year-over-year, according to Allianz Global Corporate & Specialty SE’s annual review of shipping losses over 100 gross tons. Allianz’s Safety & Shipping Review 2019, …
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