The US Energy Information Administration’s (EIA) published its January Short-Term Energy Outlook (STEO), forecasting that the Brent crude oil spot price will average $65 per barrel (b) in 2020 and $68/b in 2021 and that the West Texas Intermediate (WTI) spot price will average $59/b in 2020 and $62/b in 2021.
South Korea plans to deploy an anti-piracy unit – now operating off the coast of Africa – to the area around the Strait of Hormuz. This decision comes after the US called for help in guarding oil tankers.
The most popular underwater shipwreck, “RMS Titanic” will be from now on protected under the international treaty between the United Kingdom and the United States. According to the U.K.’s Maritime Minister Nusrat Ghani, both sides passed legislation which allows them to grant or deny licenses to enter the hulls of the wreckage and remove artifacts found outside.
The Maritime Administration (MARAD) of the United States Department of Transportation issued one new advisory to commercial shipping, canceling the earlier ones issued in 2019. Namely, the 2020-002-Gulf of Guinea-Piracy/Armed Robbery/Kidnapping for Ransom, cancels the the U.S. Maritime Advisory 2019-010.
According to the weekly rig count reports released by Baker Hughes on Friday, January 17, the number of offshore rigs in the U.S. was down for the fourth week in a row.
In fact, it is said that the Office of Commercial Vessel Compliance (CG-CVC) released work instruction CVC-WI-022 with the aim to provide guidance to Coast Guard marine inspectors as well as port state control officers for ensuring vessel compliance with MARPOL Annex VI Regulation 14.
The Port Executive Director Gene Seroka recently announced that the Port of Los Angeles moved near-record cargo in 2019 with a total of 9,337,632 Twenty-Foot Equivalent Units (TEUs), just short of the second-best year in its 113-year history, despite lingering tensions from the U.S.-China trade war.
According to a recent statement, the Port of Corpus Christi ended 2019 with record tonnages for December, with 13.8 million cargo tons. What is more, the entire year recorded 122.2 million cargo tons; a 16-million-ton improvement over 2018 tonnages.
Fire broke out on the wreck of the ro-ro Golden Ray in St. Simons Sound on January 19. When the fire started contractors were contacting welding operations inside the ship. Luckily, the fire was contained within the hull and was quickly put out by the contractor’s fireboat.
US EIA forecasts year-over-year decreases in energy-related carbon dioxide (CO2) emissions through 2021. After decreasing by 2.1% in 2019, energy-related CO2 emissions will decrease by 2.0% in 2020 and again by 1.5% in 2021 for a third consecutive year of declines, EIA forecasts.
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