At 800 AM EDT (1200 UTC), the center of Hurricane Dorian was located near latitude 29.5 North, longitude 79.6 West.Dorian is moving toward the north-northwest near 8 mph (13 km/h), and a northwest or north-northwest motion is expected through this morning. A turn toward the north is forecast by this evening, followed by a turn toward the north-northeast on Thursday morning.
Nine 23,000 TEU container vessels to be built in China will be equipped with the world's largest two-stroke dual-fuel X-DF engine 12X92DF developed by Winterthur Gas & Diesel Ltd. (WinGD) of Switzerland and built by CSSC-MES Diesel Co., Ltd. (CMD) of China. Japan's Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. (MHI-MME) said it is delivering the MET Turbochargers.
At 800 AM EDT (1200 UTC), the eye of Hurricane Dorian was located by reconnaissance aircraft and NOAA Doppler radar near latitude 27.1 North, longitude 78.4 West. Dorian is beginning to move northwestward at about 1 mph (2 km/h), and a slightly faster motion toward the northwest or north-northwest is expected later today and tonight.
A Storm Surge Watch is in effect for: Mouth of the Pearl River to Intracoastal City. A Hurricane Watch is in effect for: Mouth of the Mississippi River to Cameron. A Tropical Storm Watch is in effect for: Mouth of the Mississippi River northward to the Mouth of the Pearl River.A Storm Surge Watch means there is a possibility of life-threatening inundation from rising water moving inland from the
Average crude tanker spot rates moderately increased during the first quarter of 2019, as some of the positive drivers from late 2018 continued into early 2019, said Teekay Tankers."These included high seasonal oil demand, the impact of winter weather delays, and relatively high global oil production prior to the full implementation of OPEC supply cuts," it said.
The middle of the first quarter in 2019 saw tanker rates firming significantly, driven mainly by an increase in US exports, said Frontline Ltd. is the world's largest oil tanker shipping company.The tanker market pulled back in January due to OPEC production cuts and a high level of newbuilding deliveries after a strong end to 2018, it said.
Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. (MHI-MME) delivered MET Turbochargers for the world's largest two-stroke dual-fuel X-DF engine 12X92DF.Developed by Winterthur Gas & Diesel Ltd. (WinGD) of Switzerland and to be built by CSSC-MES Diesel Co., Ltd. (CMD) of China, these engines are scheduled to be mounted on total nine 23,000 TEU container vessels.
The International Energy Agency is monitoring developments in global oil markets, and notes that markets are now adequately supplied, and that global spare production capacity remains at comfortable levels.Further tightening of sanctions on Iran will have an impact on its export capacity. Iranian shipments of crude and condensates are running around 1.