The trade of Russian oil for March-loading in Asia has slowed significantly as a growing gap between buyer and seller expectations in China has emerged. This disconnect comes amid rising costs for chartering non-sanctioned tankers following new U.S. sanctions, according to traders and shipping data.
Woodside has achieved first oil from the Sangomar field offshore Senegal, marking the safe delivery of the country’s first offshore oil project.The Sangomar Field Development Phase 1 is a deepwater project including a stand-alone FPSO facility with a nameplate capacity of 100,000 barrels/day, and subsea infrastructure that is designed to allow subsequent development phases.
LD Tide, a joint venture between Louis Dreyfus Armateurs and Tidal Transit, has been selected to supply a Crew Transfer Vessel (CTV) for the operation and maintenance services of the 488 MW offshore wind farm, being developed by Ocean Winds in France.The new vessel is scheduled to start operations mid-2025 at the Eoliennes en Mer des Îles d’Yeu et de Noirmoutier (EMYN) offshore wind farm.
The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs, trade sources and analysts said.Rising prices for Iranian oil as well as Russian crude are raising costs for independent Chinese refiners that account for about a fifth of demand at the world's top crude importer
GAIL (India) has signed a long-term time charter contract with Kawasaki Kisen Kaisha (“K” Line) for a newbuild liquefied natural gas (LNG) ship.The LNG ship will be a modern two-stroke vessel having a tank capacity of 1,74,000 cubic metres and will be built by Samsung Heavy Industries.The contract was signed through GAIL’s ship-owning company established in Singapore.
Green hydrogen producer Lhyfe and low-carbon molecules specialist Elyse Energy have set out plans to jointly develop the production of e-methanol from green hydrogen at Nantes Saint-Nazaire Port area in France.The project, known as Green Coast, will be developed the heart of the Loire estuary’s industrial and logistics port ecosystem
A group of animal welfare organizations have written an open letter to Stella Kyriakides, European Commissioner for Health and Food Safety, asking her to stop the live export of cattle to war zones.There have been over 100 shipments of cattle and sheep from Europe to Israel so far this year and an unknown number of livestock exported to Lebanon since the fighting expanded in that region.
Regulators and shipping experts will gather at a unique conference in Rotterdam this November to consider the scope for redesigning the exterior and interior surfaces of shipping containers.The aim: to reduce the risk of them becoming contaminated by plant or animals and inadvertently contributing to the global spread of invasive pests.
The Cargo Integrity Group is calling on national administrations to carry out and report the findings of their container inspection programs, and for the IMO to continue collating and publishing the results in a publicly accessible form.The group is alarmed that the IMO is considering discontinuing the practice.
Esgian provides an update on the current lull in contracting in its Week 27 Rig Analytics Market Roundup.Report SummaryContractsAban Offshore-owned 250-ft jackup Aban II has received a letter of award (LOA) from Oil India for an offshore work program in Andhra Pradesh, India.Shelf Drilling North Sea has secured a new 17-month contract for the 400-ft Shelf Drilling Winner (previously known as
Every year, 250 million containers are transported across the world with food, clothes, electronics and other goods. While crucial for the smooth functioning of the global supply chain, containers and their cargoes can also harbour and transfer contaminating pests.All parties in the supply chain have a shared responsibility for stopping the spread of pests by keeping cargo and containers clean
The German animal welfare organization Animal Welfare Foundation and the French environmental organization Robin des Bois have published a report on the safety risks associated with livestock carriers trading from the European Union. This snapshot of the fleet follows one produced by the organizations three years ago.