Reuters SINGAPORE -Saudi Arabia said on Monday that a fuel transport ship anchored at a Jeddah terminal was attacked by an explosive-laden boat, after shipping firm Hafnia said that one of its oil tankers, the BW Rhine, had been hit by an unidentified “external source”. A Saudi energy ministry spokesman, in a statement carried on state media, did not mention
Reuters RIO DE JANEIRO -Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former executives representing the firm for alleged corruption involving shipping contracts with state-run oil firm Petrobras, they said on Friday. The lawsuit requests that a judge freeze almost 1 billion reais ($198 million) in assets in order to make sure funds are
CNBC Humanity is facing an uphill battle when it comes to preserving our planet. According to the Intergovernmental Panel on Climate Change, in order to avert some of the worst effects of climate change we need to stop global temperatures from rising 1.5 degrees Celsius above pre-industrial levels. One tool that could help is green hydrogen. Green hydrogen is made
Reuters SINGAPORE – Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs, and changes in freight flows because of the coronavirus pandemic, shipping sources said. The Freightos Baltic Global Container Index (FBX), a weighted average of 12 major global container routes, rose to $2,359
Reuters SINGAPORE/BEIJING – China’s commercial oil stockpiling sector, which emerged as a key swing buyer of crude as prices plunged earlier this year, is setting plans to grow again in 2021, supporting a further boost in imports. Private tank farm operators, refiners and traders pumped an extra 310-600 million barrels of oil into storage in China this year, according to
Reuters MEXICO CITY – On Aug. 21, a tanker called the Otoman docked at the Jose oil terminal on Venezuela’s coast in the Caribbean to load 1.82 million barrels of heavy crude, according to the state oil company’s internal documents. Yet no tanker with that name is registered in major global shipping databases. Muddying the situation further, the unique identifier
EIA Oil & Gas 360 Publishers Note: We have been covering the floating storage issues on our Daily Energy Market News Desk, and the subsequent impact on world crude pricing. In March and April 2020, reduced demand for crude oil and petroleum products in response to COVID-19 mitigation efforts led to a sharp increase in global crude oil inventories. As onshore
Reuters HAIFA, Israel – The ship-to-shore crane paused above the cargo ship just arrived from Dubai, then set its load down on the pier in Israel. One after another, eight containers filled with electronics, cleaning supplies, iron and firefighting equipment were unloaded off the MSC Paris, one of the first cargo ships to make the voyage between the United Arab
Marine Link More than half a dozen liquefied natural gas (LNG) tankers were waiting to enter U.S. export plants in the Gulf of Mexico as Hurricane Delta marches toward the Gulf Coast. Most tankers were located outside of Cheniere Energy Inc’s Sabine Pass and Cameron LNG’s Cameron plants in Louisiana, according to data from Refinitiv. There were also a few
Image source: National Hurricane Center HOUSTON (Reuters) – Oil and gas workers wit…
Petronet Selects Platts West India Marker for November LNG cargo tender First t…
Hellenic Shipping News Oil & Gas 360 Publishers Note: Very interesting article with some nice nuggets. Don’t agree with many of the view points, but still an interesting article. At UN Climate Week this week, calls have increased for shipping to urgently ditch fossil fuels to meet the planet’s climate goals. The global shipping industry remains weakly regulated and is
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