Construction has started of Shenghong Group’s liquid bulk cargo terminal project in Lianyungang, Jiangsu province, China.

Chinese eastern port of Qingdao and Brazilian oil and gas firm Petrobras have inaugurated a bonded spot crude oil depot at Dongjiakou port area of Qingdao Port.

Petrobras completed its first transhipment operation in a non-owned terminal, at the Açu Petróleo Petroleum Terminal (T-OIL) located in the Açu Port Complex in the north of the state of Rio de Janeiro.

Shipowners and commodity traders are now digesting the impacts of President Donald Trump’s widely anticipated announcement that the US would pull out of the six nation accord reached with Iran in 2015. The 2015 agreement with Iran- officially the “Joint Comprehensive Plan of Action” (JCPOA), with the European Union also a participant, saw a rigorous regime of economic sanctions against Iran rolled back.

Total has closed its $7.45bn acquisition of Maersk Oil as AP Moller – Maersk focuses its business on container shipping and logistics.

Trafigura is set to export significant volumes of crude oil from the US as it signs a long-term agreement with Plains All American Pipeline.

DNV GL has released a new Energy Transition Outlook (ETO) to 2050 that forecasts the effects that changes in the energy mix will have on shipping over the next three decades.

Exploration and production (E&P) spending by the world’s largest energy firm, Saudi Aramco, increased five-fold between January 2016 and August 2017, according to experts.

An upturn in the tanker market is not seen until the end of 2018 as oversupply and newbuilding orders dog the market.

When the subject turns to infrastructure investment in the States and the potential impacts on deepsea and domestic shipping, the booming energy markets are now receiving increased attention.

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