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U.S. natural gas withdrawals reach lowest level in seven years

The U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy, has outlined that less natural gas was withdrawn from storage this winter than in the last seven heating seasons. Illustration; Source: EIA According to EIA’s Weekly Natural Gas Storage Report (WNGSR), withdrawals of natural gas from U.S. underground storage …

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UK firm strengthens rental fleet with Webtool cutter duo

UK-headquartered Subsea Technology & Rentals (STR) has strengthened its rental fleet with the addition of two high-performance Webtool cutters. Source: Subsea Technology & Rentals The HCV275 and RCV160 cutters can be deployed at subsea level, either mounted, operated by a remotely operated vehicle (ROV), or onboard a vessel for planned production cutting of offshore wind power …

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Fujairah’s HSFO market faces stiff competition as demand shifts to Khor Fakkan

Rising competition from high sulfur fuel oil suppliers at the nearby Sharjah port of Khor Fakkan increasingly attracts buyers’ interests, at the expense of demand at the UAE’s bunker hub of Fujairah, according to local traders. Steady inflows of Russian-origin HSFO barrels, in and around the Fujairah belt, is likely to have elevated inventories but …

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Cyprus shipping will continue improving, minister says, as revenues continue recovery

Deputy Minister of Shipping Marina Hadjimanoli this week said that as a leading maritime nation, Cyprus has a duty to accelerate the shipping sector’s transition into a low-carbon and resilient industry. Hadjimanoli noted that the objective is to further grow and strengthen the maritime complex in Cyprus while emphasising the government’s clear strategy for the …

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What is a shipper’s responsibility when shipping solid bulk cargoes under SOLAS, MARPOL and the IMSBC Code?

In our solid bulk cargo section, we give an overview of these statutory obligations as well as the detailed requirements which you as a shipper need to comply with. Many are not familiar with exactly what the shipper’s statutory obligations are, including the shippers themselves, when it comes to the sea shipment of solid bulk …

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