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China Crude Imports Expected to Surge
China's appetite for crude oil is expected to pick up later this year as storage comes online and new buyers emerge, even after its inbound shipments surpassed United…
Containers, Crude Drive Q1 Increase at Marseille Fos
A record month for containers and a revival in crude oil imports boosted first quarter throughput at leading French port Marseille Fos to 20.1 million metric tons – up by 1.3 million metric tons or 6.9 percent on January-March last year. Box traffic rose 8 percent to 312,820 TEU after growth of 9 percent at the deepsea Fos terminals and 5 percent at the largely intra-Mediterranean Marseille facility.
New Tanker Designs Feature Reduced Ballast Capacity
‘Clear Advantage’ tanker design series is reported to reduce ballast requirements by 40%. Dalian Shipbuilding Industry China (DSIC), Dalian Ocean Shipping Co. and Lloyd’s Register, having completed a joint industry project to develop a minimum ballast ship VLCC, have continued to develop a further detailed designs to provide a series of reduced ballast Suezmax and Aframax tanker designs. The Clear Advantage reduced ballast designs aim to provide performance improvements…
India Halts Iran oil Imports Under U.S. Pressure
Oil imports from Iran at 220,000 bpd in year to March 31. U.S. pressured India not to raise annual Iran oil imports. India halted oil imports from Iran for the first…
Amid Yemen Chaos, China Lifts More Oil
China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country…
Brent Oil Rises as Euro Gains Against Dollar
Brent oil prices rose on Wednesday as the euro strengthened against the dollar following a boost in business morale in the euro zone's top two economies. The euro…
EPA’s SmartWay Initiative Makes Way on the Water
Exhaustive studies by The National Waterways Foundation (NWF), a center for research and learning where industry leaders address public policy issues related to America’s inland waterways system…
Modi Makes Waves in Indian Ocean
Indian Prime Minister Narendra Modi has arrived back home after five days tour of three Indian Ocean countries. His tour has served to reclaim some of New Delhi’s lost footing in the area.
Cheap Prices Drive Record Chinese Imports
Crude oil, iron ore and soybean shipments hit monthly record. China imported record levels of crude oil, iron ore and soybeans in December as the country took advantage…
Rebalancing Trade Flows
Many types of crude oil are produced around the world. Depending on the requirements of a particular refinery, a blend of heavy and light crudes is processed to…
Hamburg Cargo Volumes at Record High
With total throughput of around 110 million tons, the Port of Hamburg set a new record in the first nine months of 2014. Almost all throughput segments contributed to a growth of 5.7 percent. Container handling, which dominates in Hamburg as a universal port, also achieved a record mark of 7.4 million TEU (20-ft standard containers). Gaining 6.4 percent here, Hamburg is growing faster than competing ports in Northern Europe.
South Africa Wants to Resume Iran Oil Imports
South Africa wants to resume oil imports from Iran, once its biggest supplier, and hopes to resolve "sanction issues" that have blocked purchases within the next three months…
BIMCO: Key Indicators for Shipping Demand
New data on three of the key indicators followed by BIMCO’s shipping market analyst sheds light on near-term and future market developments. The news follow up on BIMCO market reports and comments to commercial developments for the three main shipping segments. 1. China’s industrial production (IP) grew by 9% in July over the same period last year, according to the National Bureau of Statistics in China. This is a minor decrease from 9.2% in June, which was a three-month-high.
UK Oil Imports Exceed Exports for First Time in 30 Years
Britain imported more oil products than it exported last year for the first time in 30 years, an official report shows, and analysts say the country is likely to…
Nation’s Vessel Operators Join EPA as SmartWay Affiliate
The American Waterways Operators, a 350-member trade association representing the U.S. tugboat, towboat and barge industry, announced today that it joined the SmartWay Transport Partnership, an innovative collaboration between the U.S. Environmental Protection Agency and stakeholders in the transportation industry that provides a framework to assess and improve environmental and energy efficiency of goods movement within supply chains.
Akkas Gas Field Development Hit By Iraq Crisis- KOGAS
Development of Iraq's Akkas gas field has been delayed because of the latest crisis in the OPEC member nation, South Korea's energy ministry said on Sunday, quoting project owner Korea Gas Corp.
Opinion: Oil Market Risks Grow as Chaos Spreads
Iran, Syria, Sudan, Libya, Nigeria and now Iraq: the crude oil market has weathered a long list of actual and threatened supply shocks with remarkable calm. According to the U.S. Energy Information Administration (EIA), unplanned disruptions have removed around 2.5 million barrels per day from the crude market since the start of 2011. But for most of that time, Brent, the international marker, has…
North American Oil Trains Under Scrutiny
Sheriff Craig Apple assured a room of concerned citizens that county emergency crews were prepared to handle an oil-train accident involving three or four tank cars.
Rosneft, BP To Explore For Shale Oil In Russia
Rosneft and BP signed an agreement on Saturday to jointly explore for hard-to-recover oil in Russia, the first major deal for the state-run Russian oil company…
Russia And China Ready For Deal On Energy
"China is our reliable friend," Russian President Vladimir Putin said on Monday in an interview ahead of a conference in Shanghai. Most evaluations of the bilateral…