China dipped into its massive crude oil stockpile in August for the third month in the past four as increased refinery processing exceeded a modest increase in oil imports.Refineries processed about 640,000 barrels per day (bpd) more than what was available to them from imports and domestic oil production, according to calculations based on official data.
Turkey increased its imports of diesel from the United States and India in August to record levels, shipping data showed, as a Russian ban on diesel exports and wider disruption caused by the Iran war prompted its importers to diversify their sources of supply.So far this month, Turkey has imported more than 120,000 barrels per day of Indian diesel, while its imports from the U.S.
Fincantieri signed a contract amendment with OCCAR (Organisation for Joint Armament Co-operation) under the U212 NFS (Near Future Submarine) program, related to the construction of four submarines currently being built by the Group for the Italian Navy at the Integrated Shipyard of Muggiano.
Classification society ClassNK has introduced what it said is the world's first notation to indicate that greenhouse gas emissions generated during ship construction have been calculated and undergone third-party verification.The new notation, called ‘a-EA (CFP)’, has been added to ClassNK's Environmental Guidelines and is intended to help shipyards
Baltic Exchange has launched a new suite of indices covering four key short-range tanker routes in northwest Europe in order to create the definitive benchmark for the region’s tanker sector and bring greater transparency to the short-range tanker market.The new indices, known as the Baltic Intermediate Tanker Indices (BITI), mark the latest development of the Baltic’s global tanker benchmarks