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Following FPSO restart, North Sea operator achieves first oil lifting

After resuming production from a floating production, storage, and offloading (FPSO) vessel in the North Sea, Serica Energy, a UK-based upstream oil and gas player, has completed the first lifting of oil from this unit, which is deployed on the UK Continental Shelf (UKCS). The post Following FPSO restart, North Sea operator achieves first oil …

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Bimco: Brazilian iron ore shipments rise 4%, supporting capesizes

“Between January and August 2025, Brazilian iron ore shipments are expected to rise 4% y/y, supported by stronger mining activity. Shipments to China have increased despite weaker demand, replacing shipments from Australia, Peru and India,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. Brazil is the world’s second-largest exporter of iron ore, accounting for 23% …

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