OPEC received about $567 billion in net oil export revenues in 2017, an increase of 29% from revenues in 2016. Increases in both crude oil prices and in net OPEC oil exports increased revenues in 2017, and EIA expects that revenues will continue to increase in 2018, according to EIA’s August Short-Term Energy Outlook.
In a recent public announcement, Greenland’s government (Naalakkersuisut) noted that it supports an IMO ban on the use and carriage of heavy fuel oil by Arctic shipping. Clean Arctic Alliance endorsed the move by Greenlandic politicians to support the banning of the world’s most polluting fuel.
FueLNG selected ABS to class Singapore’s first LNG bunker barge. The vessel is scheduled to begin construction in January 2019. The LNG bunker barge, with 7,500 cubic meters of LNG capacity, will be owned and operated by FueLNG, a joint venture between Shell and Keppel Offshore & Marine.
IBIA welcomed signs that work may soon start to develop a new chapter for oil-based fuels with a flashpoint below 60°C within the context of the IGF Code. This would simplify the process for ships to show that they are designed to use such fuels safely, IBIA said.
US companies expect to begin exports of LNG to Germany in four years at the latest, challenging Russia which now accounts for 60% of German gas imports, said the deputy US energy secretary Dan Brouillette in an interview to a German newspaper on Monday.
Wärtsilä will provide an integrated cargo handling and fuel gas system for two new gas carrier vessels for Exmar. The ships will transport LPG and will be the first vessels capable of running on LPG. The Wärtsilä equipment is expected to be delivered during mid-2019, and the vessels are planned to be delivered during the end 2020.
Maersk informed that it will change the fuel adjustment surcharge ahead of the 2020 sulphur cap. The new Bunker Adjustment Factor (BAF) aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020.
The 5th session of the IMO’s sub-Committee on Carriage of Cargoes and Containers (CCC 5) last week has completed draft interim guidelines for the safety of ships using methanol as fuel, setting them on course for formal approval by the IMO’s MSC in 2020.
DNV GL published the new “Global Sulphur Cap 2020” guidance paper, updating the Global Sulphur Cap brochure, published in October 2016. This report presents the new regulation and the options that ship owners and operators have, in order to ensure compliance.
The first day of two co-located events in Barcelona, Gastech, the global exhibition and conference at the forefront of the international gas, LNG and energy industries, and GPEX, the global event showcasing strategies and technologies for global energy transition, was successfully concluded.
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UK explores benefits of artificial intelligence in transport19/09/2018
- Women in shipping
Portugal joins WISTA International19/09/2018
Estonia launches hybrid patrol vessel to tackle pollution threats19/09/2018
Venta Maersk successfully sails through Northern Sea Route19/09/2018
PSA Norway: Numerous safety breaches found on Jotun B19/09/2018
Saudi Aramco awards contract for construction of drilling islands19/09/2018
Watch: Assembling Equinor’s giant Mariner platform19/09/2018
US ports association concerned over US trade tariffs19/09/2018
ReCAAP ISC reports crew abduction in Sulu-Celebes Seas19/09/2018