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Tankers seeing lower fuel oil trades from Asia

  Large oil tankers are seeing less activities to carry long-haul fuel oil from Asia, as the region’s refinery capacity is expected to continue expanding, coupled with stringent regulations to curb the use of high-sulphur bunker fuel on ships, according to a view by Poten & Partners. "Increased Asian refinery capacity has also resulted in higher production of fuel oil (as well as all other oil products) in Asian countries,"Poten & Partners said in a recent report. "This increase in domestic supply naturally resulted in decreased imports of fuel oil, with Southeast Asian fixtures declining over 14m metric tonnes from 2012-2014." "With fuel oil demand and imports decreasing in Asia, arguably the product’s biggest market, and around the world, it is difficult to envision how fuel oil will remain highly in demand and traded in the future," Poten & Partners commented. "Now, most affected shipowners are using marine gasoil, a middle distillate low sulphur fuel, in these coastal zones, with many others starting to look to the fuel as a viable alternative to residual fuel oil," Poten & Partners said. Source: Poten & PartnersIn the start, I was outspoken with you propecia before and after has changed my existence. It ...

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NGO Shipbreaking Platform issues South Asia Quarterly update

The NGO Shipbreaking Platform publishes the fourth South Asia Quarterly Update, a briefing paper in which it informs about the shipbreaking industry in Bangladesh, India and Pakistan. Providing an overview of vessels broken on the beaches of South Asia, accidents, recent on-the-ground, legislative and political developments including our activities in South Asia we aim to inform the public about the negative impacts of substandard shipbreaking practices as well as positive steps aimed at the realisation of environmental justice and the protection of workers’ rights. In this edition of the update NGO Shipbreaking Platform informs amongst other about the Danish ship Clipper Concord sold for breaking to India; a report on the working conditions in Alang; and draw a comparison between Bangladesh’s shipbuilding and shipbreaking industry. In 2014, 657 ships were sold for breaking on the beaches of South Asia. The death toll due to accidents for 2014 was at least 23 shipbreaking workers – as accidents are not always reported, and many more workers also die of deceases such as cancer, the actual number however is expected to be higher. You can read the briefing paper by clicking below: Source: NGO Shipbreaking PlatformIn the start, I was forthright with you propecia ...

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LR Energy issues ‘Oil and Gas Technology Radar’ study

Lloyd's Register Energy has released its findings from a major oil and gas survey conducted to assess the impact of innovation and investment by operators in America, Europe and Asia. The Technology Radar survey, launched at the start of the year, takes the pulse of technical innovation in the sector and looks ahead to the future investment drivers. The survey revealed the investment drives to be: Safety improvements (45%) Improving operational efficiency (44%) Reducing costs (43%) Accessing new reserves (29%) Increasing asset lifespan (27%)   Lead participants in the survey include commentary from UK Onshore Operations Group, Woodside Energy, Enertech, Maersk Drilling, TouGas Oilfield Solutions, Horton Wison Deepwater, Royal Dutch Shell, GE Oil & Gas, and also Douglas-Westwood, National Energy Technology Laboratory (US), and the Institute for the Analysis of Global Security. The Technology Radar survey is one of the largest polls on the issue of technology and innovation in the oil and gas industry. It takes in to account respondent's opinions and their business strategies in the near term (before 2020); the medium term (the years before and after 2020); and the longer term (from 2025 and beyond). Technology Radar survey is based on five research questions: Which technologies ...

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