- + What is known about the Nord Stream gas pipeline explosions—One year on from explosions that damaged the Nord Stream gas pipelines under the Baltic sea between Russia and Germany, the question of who was behind...
- + Oil prices climb as markets focus on supply tightness—Oil prices rose by more than $1 a barrel on Wednesday as markets focused on supply tightness heading into winter and a soft landing for the U.S. econo...
- + The Commodities Feed: Oil resists risk-off move—Energy Gasoil cracks weaken Despite the heavy sell-off in equities yesterday, along with further strength in the USD, ICE Brent managed to settle a l...
- + U.S. crude oil inventories up last week: API—The American Petroleum Institute (API) on Tuesday reported an increase of 1.586 million barrels of crude oil in U.S. inventories for the week ending S...
- + Oil prices rise by about 1% as tight supply balances economic outlook—Oil prices rose by about 1% after reaching a two-week low earlier in the session on Tuesday, as investors weighed expectations of tighter supply again...
- + Egypt awards oil and gas exploration blocks to Eni, BP, QatarEnergy and Russia’s Zarubezhneft—Egypt awarded on Tuesday four blocks in an oil and gas exploration bid round for concessions in the Mediterranean and Nile Delta to Italys Eni ENI.SPA...
- + US gets more time for oil auction in lawsuit over Gulf of Mexico whales—A U.S. appeals court on Monday gave the Biden administration until Nov. 8 to hold an expanded sale of oil and gas leases in the Gulf of Mexico, the la...
- + US crude, product inventories likely fell last week—U.S. crude oil and fuel inventories were expected to have fallen last week, a preliminary Reuters poll showed on Monday. Four analysts polled by Reute...
- + APAC Oil Company Ratings Resilient to Higher Crude Prices—Fitch Ratings uses a base-case assumption that oil prices will average USD75 per barrel (bbl) for Brent blend in 2024, down from USD80/bbl in 2023, fo...
- + Middle East Crude-Dubai steady on absent trade; Oman and Murban ease—Middle East crude benchmark Dubai was little changed on Tuesday amid absent trade, while Oman and Murban pared back the gains seen last week. Meanwhil...
- + Russia’s top oil and gas chiefs to accompany Putin on China visit—The heads of Russian energy giants Gazprom and Rosneft, Alexei Miller and Igor Sechin, will join President Vladimir Putins retinue during his visit to...
- + North America to dominate global renewable refinery capacity additions through 2027, says GlobalData—Globally, the consumption of renewable fuels is increasing amid growing environmental concerns about the usage of fossil fuels and government policies...
- + Iraq plans to award Akkaz gas field project to Ukrainian company: offical report—Iraq plans to award the Akkaz natural gas field development contract to an unnamed Ukrainian company, with the goal of increasing the production capac...
- + Chevron readies new oil drilling push in Venezuela to boost output—Chevron Corp CVX.N plans to add 65,000 barrels per day (bpd) of Venezuelan oil output by the end of 2024 through its first major drilling campaign in ...
- + The Commodities Feed: European gas rallies—Energy – European gas rallies European natural gas prices saw further strength yesterday with TTF rallying by 11.69% to settle at a little over EUR44/...
- + Oil prices fall as economic outlook outweighs tight supply—Oil prices fell on Tuesday as a stronger U.S. dollar compounded concerns that demand for fuel will be held back by major central banks holding interes...
- + Brent oil prices could reach $150 per barrel, says JPMorgan—In a recent forecast, JPMorgan has predicted a potential surge in prices to $150 per barrel. This prediction was made on Monday, as the financial inst...
- + Funds load up on oil but positions look stretched—Investors continued to buy petroleum future and options, with the focus on crude, but the buying has slowed as almost all short positions have been co...
- + Richest oil states should pay climate tax, says Gordon Brown—The worlds richest oil states should pay a global windfall tax to help poorer nations combat climate change, ex-PM Gordon Brown has said. He said coun...
- + OPEC+ production cuts drive up sour crude oil price around the world—Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour and heavy, sour grades of crude oil. These cuts are incre...
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As of 9/27/23 12:57pm. Last new 9/26/23 4:00pm.
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As of 9/27/23 12:57pm. Last new 9/20/23 1:03pm.
- + GTT receives an order from Jiangnan Shipyard for the tank design of two new LNG Carriers—GTT announces that it has received an order from its partner Jiangnan Shipyard (Group) Co., Ltd. for the tank design of two new Liquefied Natural Gas ...
- + K Shipbuilding and Doosan Robotics Collaborate to Automate Ship Hull Engraving with Robots—K Shipbuilding, in collaboration with Doosan Robotics, has successfully developed welding automation equipment that utilizes collaborative robots to e...
- + China’s shipbuilding sector sees rise in deliveries, new orders—Chinas shipbuilding industry continued to lead globally in the first eight months of this year with double-digit increases in both output and new orde...
- + Foreign employees rewarded for contribution to Korea’s shipbuilding industry—Two foreign workers received awards for their contribution to Korea’s shipbuilding industry, during the celebration of the 20th Shipbuilding and Offsh...
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As of 9/27/23 12:57pm. Last new 9/26/23 5:18am.
- + China expects 2023 economic growth of slightly more than 5% -PBOC adviser—China is expected to achieve economic growth of slightly more than 5% this year, an adviser to the central bank said on Wednesday. Chinas economic sit...
- + China’s industrial profits extend slump for Jan-Aug, but pace of downturn eases—Profits at Chinas industrial firms extended a double-digit drop for the first eight months, but the pace of declines eased slightly as a flurry of pol...
- + Shutdown looms as US Senate, House take dueling tacks on funding—The U.S. Senate on Tuesday took a step forward on a bipartisan bill meant to stop the government from shutting down in just five days, while the House...
- + China’s economy shows signs of recovery amid stimulus measures—The Chinese economy, after enduring a period of economic turbulence characterized by decelerating retail spending growth, falling real estate prices, ...
- + The elusive Fed ‘soft landing’ nears. Why are Americans so mad about the economy?—U.S. Federal Reserve Chair Jerome Powell said emphatically last week that people hate inflation, hate it, but he left another fact unspoken they also...
- + Higher borrowing costs to push European default rates to 3.75%-5.5% – S&P Global—Higher interest rates and a near stalling of Europes economy will put pressure on the credit ratings of the regions companies, property firms and bank...
- + EU calls for greater market access and fair competition at EU-China High-Level Dialogue—European Commission Executive Vice-President, Valdis Dombrovskis, and Vice Premier of the State Council, He Lifeng, co-chaired today the 10th EU-China...
- + Fixing China’s property sector could take years — if not a decade, says economist—China’s urbanization drive may be drawing to a close — and that could further hurt the already ailing property sector, according to China economist Ha...
- + JPMorgan sees India in its top 3 fastest-growing Asia markets in 2024—India could be among the three fastest growing markets for JPMorgan in the Asia Pacific region next year, alongside Australia and Japan, said a top of...
- + Banks in EU largely comply with ‘Basel Endgame’, says watchdog—European Union banks already largely meet tougher global capital rules to bolster defences against economic crises and now only need to find another 6...
- + Bank of England to leave rates on hold through mid-2024, cut in Q3—The Bank of England has concluded its tightening cycle and will likely keep the Bank Rate at 5.25% until at least July, a Reuters poll of economists s...
- + BOJ may hold off on ending negative rates until April – ex-board member—The Bank of Japan may hold off on ending negative interest rates until around April next year to gauge whether wage gains will broaden enough to keep ...
- + Sino-EU economic cooperation a win-win—The bilateral trade between China and the European Union now amounts to more than $820 billion annually. China remains the EUs largest trading partner...
- + Turkish central bank’s net reserves seen rising more than $6 billion as policy U-turn continues – bankers—The Turkish central banks net international reserves rose by more than $6 billion last week to about $24 billion, four bankers said on Tuesday, resumi...
- + Lack of momentum to weigh on German economic growth in 2024 – IMK institute—Germanys economy will grow more slowly than previously expected next year due to a lack of positive momentum towards the end of this year, the IMK ins...
- + Thai Aug exports unexpectedly rise for first time in 11 months—Thai exports unexpectedly rose for the first time in 11 months in August amid weak global demand, and the ministry said on Tuesday that shipments shou...
- + Italy to raise 2024 deficit goal to 4.1%-4.3% of GDP, sources say—Italys government plans to raise its 2024 budget deficit target to between 4.1% and 4.3% of gross domestic product (GDP), up from the 3.7% goal set in...
- + Goldman, HSBC join forces with other banks on client disclosures—Goldman Sachs and HSBC are among a group of five banks adopting a common global approach to disclosing clients stock positions, a move which participa...
- + Ukraine’s economy grows year-on-year for first time since start of full-scale invasion—Ukraine’s gross domestic product grew by 19.5% year-on-year in the second quarter of 2023, signaling the economy’s successful adaptation to wartime co...
- + China, EU will work to safeguard supply chains—China and the European Union have agreed to work against decoupling and put in place an export control dialogue mechanism, as part of efforts to safeg...
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As of 9/27/23 12:57pm. Last new 9/27/23 12:57pm.
- + Developing countries need new reforms to boost growth and curb emissions, IMF says—Developing countries stand to benefit from implementing economic reforms that will boost their output, while reducing carbon emissions without sacrifi...
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As of 9/27/23 12:57pm. Last new 9/20/23 6:06am.
- + UNCTAD: Up $28 bln extra required to decarbonize shipping—While the push for eco-friendly shipping is commendable, it comes with a hefty price [] The post UNCTAD: Up $28 bln extra required to decarbonize ship...
- + Sener designs two LNG-powered ships with CCS for Grona Shipping—Spanish technology and engineering group Sener has developed the conceptual and basic engineering of two new vessels equipped with carbon capture syst...
- + Intermodal: Bulkers in high demand—The dynamic shipbuilding sector in Japan has flexed its muscles over the past week, [] The post Intermodal: Bulkers in high demand appeared first on O...
- + MPA inks three MoUs in China to support maritime digitalization and decarbonization—The Maritime and Port Authority of Singapore (MPA) has signed three Memorandum of Understanding (MoU) with regional maritime administrations and partn...
- + QatarEnergy places $3.9 billion order for 17 LNG carriers at Korean shipyard—Qatar’s state-owned oil and gas company QatarEnergy has signed an agreement with South Korean [] The post QatarEnergy places $3.9 billion order for 17...
- + Bunkering ammonia not so dangerous after all?—Safety concerns surrounding ammonia bunkering and the design of ammonia-bunkering vessels are in the [] The post Bunkering ammonia not so dangerous af...
- + Shell carries out Port of Gibraltar’s first cruise ship LNG bunkering—Energy major Shell has carried out the first-ever cruise ship liquefied natural gas (LNG) bunkering operation at the Port of Gibraltar. The post Shell...
- + Fincantieri lands EUR 800 mln sustainability-linked loan—Italian shipbuilding giant Fincantieri has secured a substantial €800 million (USD 845 million) medium/long-term [] The post Fincantieri lands EUR 800...
- + Port of Kiel opens new shore power facilities—The Port of Kiel has opened two shore power facilities at the Ostuferhafen, consisting of a 50/60 Hz shore power facility for cruise ships and ferries...
- + AYRO secures $21 million financing for OceanWings wingsail solution—French designer and manufacturer of wingsail solution AYRO has secured a 19.2 million € ($21 m) Series B round financing for its OceanWings. The post ...
- + AL Group taps ABS to study Ultramax conversion to methanol—The American Bureau of Shipping (ABS) and Asiatic Lloyd Maritime LLP, member of the AL [] The post AL Group taps ABS to study Ultramax conversion to m...
- + Unboxing the ammonia-powered 15,000 TEU boxship: Seatrade and Foreship reveal key design features—Ammonia-powered container vessels are technically feasible and their development can meet acceptable preliminary safety [] The post Unboxing the ammon...
- + Enova pumps $65.6 million into zero-emission ship and tech projects—Enova, a Norwegian government enterprise, has decided to invest NOK 709 million ($65.6 million) to provide financcial support for zero-emission ship a...
- + Value Maritime wraps up installation of Filtree system on Ardmore’s tanker—Value Maritime has completed the first in a series of nine installations of its emissions-reducing Filtree systems for chemical tanker company Ardmore...
- + DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions—Onboard carbon capture and nuclear propulsion, previously regarded as ambitious concepts, are not only [] The post DNV: Onboard CC and nuclear propuls...
- + NYK to use Marlink’s smart hybrid network on its vessels—Marlink, a French smart network and digital solutions company, has secured a contract to extend its smart hybrid network solutions onboard ships owned...
- + Plagazi to provide hydrogen for Gotlandsbolaget fleet—Swedens Plagazi has announced a project with compatriot Gotlandsbolaget for the supply of hydrogen [] The post Plagazi to provide hydrogen for Gotland...
- + KCC equips MV Ballard, youngest CABU ship, with Silvestream’s air bubble tech—Klaveness Combination Carriers (KCC) has revealed that MV Ballard, the youngest vessel in the CABU fleet, has completed dry dock and a series of sea t...
- + IEA: Methanol to take a backseat as ammonia blazes the trail in shipping’s decarbonization journey—In the ever-evolving quest to decarbonize the shipping industry, ammonia has emerged as the [] The post IEA: Methanol to take a backseat as ammonia bl...
- + SHI develops ‘industry first’ laser high-speed welding robot for LNGCs—South Korean shipbuilder Samsung Heavy Industries (SHI) has developed a laser high-speed welding robot for use in the construction of liquefied natura...
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As of 9/27/23 12:57pm. Last new 9/27/23 8:57am.