China is viewed by market analysts as the last impediment to strong oil demand and while it’s hard to be positive for the first half of 2022, the second half could see robust recovery. Speaking at the Baltic Exchange Tanker Market Insights Webinar at International Energy Week, Henry Curra, global head of research at Braemar …
Supply chains: a new round of challenges The war in Ukraine is putting global supply chains to the test again. Even before the conflict began, supply chain frictions had only improved marginally from the pandemic. While container handling had picked up significantly in many regions, schedule reliability – the actual on-time performance of individual vessel …
Russia-Ukraine crisis to reshape supply chains, flatten world trade Read More »
Drewry’s composite World Container Index decreased by 1.1% to $9,179.98 per 40ft container this week. Our detailed assessment for Thursday, 10 March 2022 • The composite index decreased by 1.1% this week, but, remains 83% higher than a year ago. • The average composite index of the WCI, assessed by Drewry for year-to-date, is $9,412 …
Drewry: World Container Index Down By 1.1% This Week, Up 83% From Last Year Read More »
Avenir LNG Limited and its subsidiaries, supplies small-scale LNG to off-grid industry, power generation and transport fuel sectors as well as providing infrastructure to support the development of LNG as a marine fuel, today announced its unaudited financial and operating results for the fourth quarter and financial year ended December 31, 2021. Peter Mackey, Chief …
European companies are suffering yet more strain on supply chains already snarled up by the coronavirus pandemic as the conflict in Ukraine leads to growing shortages of key components, they warned this week. The new snags pose a further threat to economic recovery in Europe, potentially prolonging existing bottlenecks that in some sectors were not …
Ukraine conflict adds to European supply chain snags Read More »
Asia’s cash premiums for 0.5 percent very low-sulphur fuel oil (VLSFO) fell on Friday, but were kept within close proximity of a more than three-month high increased in the previous session, despite the prompt-month spread for the marine fuel grade. Cash differentials for Asia’s 0.5% VLSFO increased by $20.87 per tonne to Singapore quotes, down …
Asia Fuel Oil VLSFO cash premiums drop on muted trading Read More »
Together with Computer Modelling Group (CMG), Kongsberg Digital have received funding from the CLIMIT-Demo Program to further develop leading simulation software for CO2 injection into depleted oil and gas reservoirs and saline aquifers. This funding is in addition to that already secured by a number of Energy Operators. With the combination of Kongsberg Digital’s advanced …
Marine Service GmbH and Newport Shipping are proud to announce an Approval in Principle from Bureau Veritas (BV) for a jointly developed containerized LNG solution. The 40′ ISO LNG Fuel Tank Container System is suitable for LNG-fuelled newbuildings and retrofits of container vessels. The LNG fuel tank container is a class approved Type C LNG …
As many countries around the world are choosing to shift away from Russian fossil fuels due to the ongoing Ukrainian crisis and turning to different sources, others are seizing the momentum and working towards securing energy independence through clean energy options. The post In focus: The dawn of energy independence is coming appeared first on …
In focus: The dawn of energy independence is coming Read More »
Germany-based multipurpose shipping company United Heavy Lift (UHL) prefers methanol as marine fuel for its future fleet of vessels, Andreas Rolner, Managing Director of the company revealed in the HANSA podcast. The post United Heavy Lift sets sights on methanol-powered dual-fuel ships appeared first on Offshore Energy.
