An unconfirmed number of workers are reported to be missing after fire broke out onboard an aframax tanker Jag Leela docked in Waruna Shipyard in Belawan.
Since March LNG players have postponed Final Investment Decisions (FID) on at least 74m tonnes of liquefaction projects beyond 2020 due to the COVID-19 pandemic, according to Poten & Partners.
There is an old joke among industry insiders that goes something like: “When your local barber starts asking you about which tanker stock to buy, you know that the easy money has already been made.”
Oslo-based energy analyst Rystad Energy estimates that today’s oil supply demand imbalance of more than 26m barrels per day (bpd) should fall to 13.6m bpd in May and about 6m bpd thereafter.
Singapore-based Executive Ship Management (ESM) reports that it successfully completed the first ever digitally conducted remote Tanker Management Self-Assessment (TMSA) audit by an oil major this April.
In the States COVID-19 has impacted maritime ports which find themselves at the intersection of the maelstrom of reduced economic activity, changes in work practices, and disrupted and rejigged supply chains.
Cosco Shipping Energy Transportation is to setting up a LNG transportation joint venture in Hong Kong and will invest in the construction for three LNG carriers.
London-based maritime security firm, Dryad Global, has expressed deep unease at yesterday’s tweet by President Trump which said: “I have instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our...
