Iranian President Hassan Rouhani made a threat earlier this week, to disrupt other countries’ oil shipments through the Gulf, in case the US proceeds with efforts to stop Iranian oil exports. Mr. Rouhani specifically said if the US decides to eventually prevent the export of Iran’s oil, ‘then no oil will be exported from the Persian Gulf’.
The demand for Europe small-scale LNG market is projected to grow from 1,902.60 million Euros in 2020 to 5,818.75 million Euros by 2030, while actuating at an estimated CAGR of 11.8% from 2020 to 2030, according to Energias Market Research.
The European Commission has approved, under the EU Merger Regulation, the acquisition of Unifeeder by the terminal operator DP World, which is based in Dubai.
DP World agreed to buy 100% of Unifeeder for 660 million euros. The acquisition is expected to close in the end of 2018.
Ahead the OPEC meeting to be conducted in Vienna this week, energy consultant Wood Mackenzie examined the current landscape around the oil production supply and demand taking into consideration the role of US, Russia and other leader countries, as well as the potential influence of Qatar’s withdrawal from the group, noting that the move will likely not affect significantly the supply.
CMA CGM informed that it will remove the Emergency Bunker Surcharge as from January 1st, 2019. The company has been implementing the measure since June 2018, due to increasing oil prices. The Brent average price in November led the company to this decision.
Logistics insurer TT Club and BSI Supply Chain Services and Solutions announced the launch of the first joint 2018 semi-annual Global Cargo Theft Intelligence and Advisory Report, highlighting how cargo theft affects the global supply chain. The first edition of the new regular report reveals that violent truck hijackings account for 24% of cargo theft incidents globally.
US and China reached an agreement to pause their trade war and come up with a deal to give a boost in decreasing global growth. Commenting on the agreement, President Trump called it a bis steps forward for the US-China relations.
China imported its first US crude oil cargo after about two months, since the two countries agreed to stop imposing new tariffs on each other’s products for 90 days. However, Chinese oil traders said they were still cautious.
As per a previous announcement in late September, Geneva-based Mediterranean Shipping Company is introducing new bunker charges as of 1 January 2019 in line with 2020 sulphur cap. After considerable analysis of operating costs and related market factors, the company has now established a new price mechanism – the BRC (Bunker Recovery Charge) – which will be transparent to respective trades.
As we are now two months into the US soybeans trading year, the trade war between US and China is making its impact more apparent, Maritime Strategies International informs. Namely, US exports between September and October are less by 41%, as well as the exports to China (96%). However, there is an increase to shipments elsewhere (86%).
PSA Norway gives safety notice to Vår Energi for Goliat issues17/12/2018
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Port of Oakland beats record for November imports17/12/2018
- Energy Efficiency
Partners test new technology for monitoring emissions17/12/2018
Watch: Smart ships using air lubrication to save fuel17/12/2018
New regulations to apply in Chinese ECAs from January 201917/12/2018
MSC 100: New guidelines for goal-based ship construction standards17/12/2018
Overview of amendments adopted and approved at MSC 10017/12/2018
Watch: World’s fastest RoPax named in Chinese shipyard17/12/2018
MSC 100 considers revisions to Polar Code17/12/2018
- Maritime Knowledge
Dangers of using cell phones on bridgeCasualties
Watch: Insufficient maintenance caused fire on the passenger vessel off FloridaCyber Security
Maritime industry publishes updated guidelines for cyber security on shipsCyber Security
Cyber attack hits Saipem's servers in Middle EastConnectivity
NSSLGlobal: Digitalisation, AI and smart connectivity are setting maritime industry’s agenda
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