The methanol industry is watching for changes in US foreign policy under the incoming Biden administration, as well as decarbonization policies that could create new opportunities for the product as a fuel. Methanol trade flows have been altered in recent years owing to sanctions on Iran, but a potential shift in the US stance on …
Methanol industry weighs impact of US-Iran relations, global decarbonization Read More »
North American containerized grain shippers are feeling the effects of the tight container market and there’s no relief in sight. “It’s very difficult to get containers to move grain,” said Greg Northey, vice president of corporate affairs for Pulse Canada. About 30% of what Canadian pulse producers export travels via containers. Rates have gotten so …
Containerized grain shippers feeling brunt of tight market Read More »
Mitsui O.S.K. Lines, Ltd. to yesterday announced that, along with MOL Group company MOL Information Systems, Ltd. (MOLIS; President: Tsuyoshi Yoshida, Headquarters: Minato-ku, Tokyo), it has developed and introduced the Online ABLOG(Note 1) web application(Note 2), which processes and utilizes abstract log (ablog) data, improving operational efficiency both onboard and on shore. Conventionally, crewmembers have …
MOL’s New App Boosts Efficiency with Real-time Processing of Ship Operational Data Read More »
As mentioned in Company Announcement 7/2020 following a strong product tanker market in 1H 2020, the market softened significantly going into 2H 2020. This impacted earnings but even more so, the build-up of products in storage, the declining demand and the continued uncertainty in relation to the COVID-19 pandemic, resulted in a very soft second-hand …
The Clean Arctic Alliance slammed the decision by the International Maritime Organization (IMO) to approve a ban on the use and carriage of heavy fuel oil in the Arctic (HFO), saying that it would leave the Arctic, its Indigenous communities and its wildlife facing the risk of a HFO spill for another decade. The ban …
The newly released IEC 62600-4 Technical Specification reduces risk in marine energy convertors through technology qualification. By Winston D’Souza (Lloyd’s Register) and Peter Scheijgrond (MET-Support); The article first appeared on IEC e-tech. Illustration (Courtesy of IEC e-tech) Technological innovation can often lead to the development of novel designs and concepts that cannot be certified against existing normative …
Building confidence in marine energy technology through certification Read More »
Oil and gas company Repsol Sinopec has received approval from the UK authorities for preparation work scopes plan relating to the decommissioning of the Fulmar and Auk North installations located in the UK sector of the North Sea. Prior to formal approval of the Fulmar and Auk North Decommissioning Programmes (facilities) and DP (jacket), there …
Repsol Sinopec preparing for decommissioning of UK North Sea field Read More »
Canada’s Ocean Supercluster is supporting XOCEAN-led XO-G2 project which aims to develop the next generation survey platform in the form of uncrewed surface vessels (USV). With increased demand on the ocean for aquaculture, harvesting metals and energy extraction, companies need safer, lower cost, carbon neutral uncrewed solutions for collecting ocean data. The next generation of …
Canada backs carbon neutral survey platform development Read More »
Norwegian offshore safety agency, the Petroleum Safety Authority (PSA), has found nonconformities following audits of the Equinor-operated Johan Castberg and Kristin projects in Norway. The PSA on Friday released two reports following audits of Equinor projects. The audit of the preservation of equipment and systems for Johan Castberg at the construction sites at Stord and …
Equinor told to fix issues on two Norwegian projects Read More »
Product tanker major Hafnia Limited believes that further consolidation is needed within the product tanker sector to fully unleash value and synergies from additional operational scale. Hafnia Limited was set up in January 2019, following a merger between BW Tankers with Hafnia Tankers, a fellow subsidiary of BW Group. The merger was effected through a …
Hafnia CEO: Further consolidation needed within the product tanker sector Read More »
