The Norwegian Petroleum Directorate issued the preliminary production figures for May 2019, indicating an average daily production of 1,599,000 barrels of oil, NGL and condensate. These numbers are a decrease of 120,000 barrels per day in comparison to April.
As EIA informs, the Strait of Hormuz is the world’s most important oil chokepoint due to the large volumes of oil that flow through the strait. In fact, in 2018, its daily oil flow averaged 21 million barrels per day (b/d), or the equivalent of about 21% of global petroleum liquids consumption.
A new carbon neutral product, the first of its kind in the industry, is to be used by selected Maersk customers for their supply chain. The pilot project has been successfully tested in a trial, under the collaboration of the Dutch Sustainability Growth Coalition (DSGC), and Shell this year.
Japanese company Tokyo Gas signed an agreement regarding the sale and purchase of liquefied natural gas (LNG) with Sumitomo Joint Electricity Power. The two partners aim to boost LNG as a fuel in the area, while also promote it as a stable and efficient use of energy.
Freight forwarder Panalpina has warned its ocean customers of potential disruption to supply chains ahead of the IMO 2020 sulphur cap. The regulators have laid out the rules, but the path for ship owners, operators and carriers to complying with the low sulphur limit remains rocky.
The Union of Greek Ship Owners applauds MSC’s 101 decision on adopting an action plan for mandatory measures to enhance the safety of ships relating to the use of fuel oil, recommending as a matter of urgency governments to take action against oil fuel suppliers in confirmed cases of deliveries of fuel oil that does not comply with the minimum flashpoint as required by the SOLAS Convention.
Anadarko Petroleum Corporation and the co-venturers in Mozambique’s Offshore Area 1, announced a Final Investment Decision on the Anadarko-led Area 1 Mozambique LNG project. This official declaration of FID affirms that the Area 1 Plan of Development is now effective with notice provided to the Government of Mozambique that all necessary conditions have been met. The project can now advance to the construction phase.
Israel’s Oil Refineries have delivered its first cargo of compliant 0.5% sulphur content marine fuel, in line with IMO’s upcoming rules. Namely, the 197,000 barrel per day refinery loaded its first 30,000 tonne cargo of the low sulphur fuel. ORL now joins several other refiners that recently developed new marine fuels to comply with the new regulation.
Experts from the Greek shipping market gathered in Athens, Greece, in late May, for the third in a series of global seminars designed to educate the industry on the potential of methanol as a marine fuel. The seminar was organised by consultancy Sea Commerce and supported by the Methanol Institute.
The largest container vessel ever built in San Diego, Lurline, was christened and launched by General Dynamics Nassco, on Saturday, June 15. The vessel is a 870-foot-long, 3,500 TEU, 44,200 deadweight metric ton, combination container ship/roll-on, roll-off (ConRo) vessel built for Honolulu-based Matson, Inc.
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Khalifa Port welcomes its largest ever bulk carrier25/06/2019
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Maersk launches new digital solution to address overbookings25/06/2019
Partners sign carbon pact aiming to 20% reduction in CO2 emissions till 202525/06/2019
Blockchain consortium to address issue of dangerous cargo misdeclaration25/06/2019
Greek Shipping Cooperation Council calls for urgent development of low carbon fuels25/06/2019
Chinese ports increase cargo throughput in January-May25/06/2019
Vessel with 18 deficiencies detained in Marina di Carrara25/06/2019