Main Observations Recovery in the global trade in commodities is ongoing and becoming more sustained and broader; market optimism dominates by now among the top ten economies According to official trade statistics published in IHS Markit Global Trade Atlas (GTA), the market-leading bilateral trade research tool, in Q1, exports grew in all the top 10 …
Asia’s residual fuel markets eased on Thursday with cash premiums, time spreads and refining margins for both 0.5% very low-sulphur fuel oil (VLSFO) and high-sulphur fuel oil (HSFO) slipping from their respective highs hit in the previous session. This came as data showed Singapore fuel oil stocks rebounded sharply from multi-month lows, easing concerns of …
Asia Fuel Oil: Markets ease as Singapore inventories jump despite low net imports Read More »
ClassNK is committed to providing comprehensive services to support the industry’s efforts for the transition to zero-emission of shipping business. In support of measures for GHG emissions reduction, ClassNK has released “Guidelines for Ships Using Alternative Fuels”. They are the updates with safety requirements for ships using ammonia as fuel on previously issued “Guidelines for …
Propspeed, leading innovator of underwater foul-release coatings, announced today the launch of its first kit packaged specifically for the commercial marine trade professional. The Propspeed Commercial Kit includes what is needed to coat two propellers 165-203cm in size, or a total surface coverage of 14.2 square meters – ideal for most vessels in this space. …
Oil and gas companies and associated supply chain have started responding to the global energy transition push by announcing strategic business reviews and expansion of focus to cleaner and emissions-free markets more aligned with net-zero targets, as renewable energy sector prepares to enter the record-breaking age bound to continue with each passing year. Premium content …
Norwegian offshore engineering company Aker Solutions has been awarded a large topside modification contract by ConocoPhillips for the Tommeliten Alpha project off Norway. A large contract award for Aker Solutions is worth between NOK 1.2 billion (about $13m million) and NOK 2 billion (about $231 million), the company said on Friday. The new contract award …
Aker Solutions to modify Ekofisk topsides for Tommeliten Alpha tie-back Read More »
Texas-based ION Geophysical is about to commence a third phase of the Mid North Sea High 3D seismic data acquisition multi-client program. “The Mid North Sea High program covers one of the few remaining underexplored areas offshore the UK, where relatively low development costs close to shore make it attractive for future investment”, the company …
ION Geo to begin third phase of North Sea seismic survey Read More »
Los pescadores mantienen su oposición a mayores reducciones de los días de pesca sin analizar los resultados de los estudios científicos que verificarán el estado de los stocks tras las medidas ya puestas en marcha y reclaman que su experiencia y oficio sean tenidos más en cuenta La aplicación del Reglamento para la pesca demersal …
Mitsui O.S.K. Lines, Ltd. yesterday announced the conclusion of a syndicated “Transition Loan” (Note 1) for two LNG-fueled ferries: the Sunflower Kurenai and the Sunflower Murasaki. The Development Bank of Japan Inc. (DBJ; President & CEO: Hajime Watanabe; Head Office: Chiyoda-ku, Tokyo) and Sumitomo Mitsui Trust Bank, Limited (SMTB; President: Kazuya Oyama; Head Office: Chiyoda-ku, …
The support has been granted through the Research Council of Norway’s Skattefunn scheme, which is a tax deductionscheme designed to stimulate research and development (R&D) activities in Norwegian companies. It provides indirect support in the form of tax deductions on costs related to implemented research and development activities. “We are currently in the process of …
