This time a year ago the market was talking about the upcoming IMO2020 sulphur regulations change. The operators of the non-scrubber tonnage were in the process of putting together the switch-over plans from HSFO to VLSFO and starting to purchase the compliant fuel, while bunker fuel producers worked tirelessly on the different recipes for the …
Risavika LNG front month has increased by 2.4 % week on week to 24.60 EUR/MWh. Colder weather forecast for the rest of November supported European front month gas prices. Still the gas supply side remains healthy and number of LNG cargoes arriving to Europe is increasing, thus, price increase was limited. Oil market has gained …
LNG dual-fueled vessels make 10 % of tanker orders in 2020 Read More »
Mis-communication with colleagues, differences in behaviours, and struggles with dealing with emotions are just some of the challenges seafarers face when working in a team full of different cultures. As a ship owner or management company, it is more important than ever that employees are given the tools to deal with their struggles while they …
Mental Health Support Solutions: The importance of culture and communication Read More »
Hill Dickinson announces the appointment of Jonathan Goacher as a partner, as it expands its regulatory practice. He will be based in the firm’s Singapore office and will conduct the practice across Asia. Jonathan is a regulation specialist with around 20 years’ experience at global law firms in Asia. He is primarily known for his …
On 11 November 2020, the UK Government published a National Security and Investment Bill (the Bill), which seeks to introduce a mandatory foreign direct investment (FDI) notification regime in the UK for transactions in 17 key sectors to protect national security. With the Bill comes a consultation, open until 6 January 2021, on the definition …
UK National Security and Investment Bill – Issues for transport and energy sectors Read More »
Global oil and gas operators entered 2020 unaware of what the events in the first quarter will bring, including the extent and the aftermath of those events. As the Covid-19 pandemic decimated the global oil demand and drove oil prices down to new lows in early 2020, many players found themselves in an extremely difficult …
Global upstream M&A deals to gain momentum for the rest of 2020? Read More »
The U.S. government agency Bureau of Ocean Energy Management (BOEM) is planning the first Gulf of Mexico oil and gas lease sale for 2021, which outlines all available areas in the region-wide auction. In a statement on Tuesday, BOEM said it will offer approximately 78.2 million acres for a region-wide Gulf of Mexico lease sale …
U.S. readies first Gulf of Mexico oil and gas lease sale for 2021 Read More »
Technology company ABB has secured an order worth around $150 million to deliver a comprehensive scope of technologies to power next-generation cruise ships being built by Italian shipbuilder Fincantieri As informed, ABB will equip five newbuild vessels with Azipod electric propulsion, which is said to reduce fuel consumption on board. Image Courtesy: ABB Each cruise …
ABB to supply power and propulsion systems for 5 Fincantieri-built ships Read More »
Subsea services provider Mermaid has reported net loss of $84.1 million for the three-month period ended 30 September 2020. This result compares with loss of some $6.2 million in the corresponding period in 2019. The Singapore-listed company generated quarterly revenue of $22 million, versus $27 million in Q3 2019 – down some 19 per cent. …
El objetivo es posicionar el enclave gaditano como aliado para las conexiones entre sendos países latinoamericanos y el mercado español y europeo La Autoridad Portuaria de la Bahía de Cádiz realiza esta semana una misión comercial virtual con Argentina y Uruguay para posicionarse como aliado en las conexiones comerciales entre Latinoamérica y el mercado español …
El Puerto de Cádiz realiza esta semana una misión comercial a Argentina y Uruguay Read More »
