According to a Dec. 15 report from Financial Times, oil companies and traders are storing at least 50 million barrels of oil in supertankers in a clear sign of supply outstripping demand as the global economy slows. The current floating storage is enough to meet France’s oil imports for a month and the biggest since late 2001. Storing oil in tankers is unusual as it is significantly more expensive than inland.
(Source: Financial Times)
India's Adani Ports and Special Economic Zone Ltd said on Tuesday it would finance its Colombo port terminal project through internal accruals and a capital management plan…
JA Moody, a maritime supplier of fluid control valves, actuators, strainers, parts and services to the United States Navy…
HII announced that Jennifer Childs has been named vice president of quality and engineering of the company’s Ingalls Shipbuilding division…
Taiwan raised its alert level on Monday saying China has set up seven zones of reserved airspace and deployed naval fleets…
Hapag-Lloyd reduces emissions & costs through Shipshave’s ITCH solution, confirmed by DNV
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For the first time ever, Military Sealift Command is hosting a virtual job fair to reach US Citizens in the Philippines who are interested in a maritime career.
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