Home / Βunkerportsnews (page 4)

Βunkerportsnews

ENGINE: Europe & Africa Fuel Availability Outlook

Northwest Europe Supply of VLSFO and HSFO is said to be slightly tight in the ARA hub this week, where securing prompt deliveries can be difficult, sources say. Recommended lead times for VLSFO and HSFO in the ARA are around five days. Some suppliers can offer prompt supply for limited quantities, a source says. Meanwhile, LSMGO is more readily available in ARA ports, requiring lead times of around three days, a source says. LSMGO demand has been robust in ARA. Independently held gasoil stocks in the ARA have grown for ...

Read More »

The train becomes the new star of Valenciaport

The railway is becoming more and more important in the Port of Valencia. During the first half of the year, more than 2,100 trains have entered or left Valenciaport’s port facilities to optimise logistics activity and provide a better service to customers based on economic and environmental efficiency. A weekly average of more than 83 trains compared to an average of 77 for the same period in 2021, which reinforces the commitment of the Port Authority of Valencia (APV) to the synergy between maritime and rail traffic. Every week there ...

Read More »

Navigating to net zero: reducing emissions in shipping

Every day, thousands of ships crisscross the globe, transporting around 90% of the world’s traded goods. But it comes at a cost. The shipping industry accounts for around 3% of global carbon dioxide (CO2) emissions. So, the race is on to find ways to decarbonize. That’s where bp comes in. For more than a century, we’ve shipped our energy products around the world. And at any one time, about 300 vessels are on the water for bp. It’s this combination of experience and expertise that’s being put to work finding ...

Read More »

A green maritime future: it’s time to talk Thorium

Has the industry been blinkered in its search for alternative fuels capable of enabling a deep sea zero emissions revolution? Is there a proven, ‘silver bullet solution’ waiting to be explored, right now? Robert McDonald, Principal Engineer, Institute for Energy Technology (IFE), says it’s time to shine the spotlight on the unique potential of Thorium and Small Modular Reactors. Have you heard about Thorium? This abundant, naturally occurring metal is a clean, efficient fuel with extraordinary energy density. In fact, one ton of it produces the same energy as 3.5million ...

Read More »

Crude Tanker Market Outlook: August 2022

Spot charter rates for uncoated tankers were very disappointing in 1Q 2022, then fluctuated wildly in 2Q 2022, and are again very strong in 3Q 2022. In Jul 2022, the benchmark Baltic Exchange’s TD3C_TCE, TD6_TCE, and TD19_TCE indices averaged respectively 1,319 USD/day ; 56,525 USD/day ; 49,726 USD/day. Indicative 1-year timecharter rates in Jul 2022 were being estimated at about 20,250 USD/day for a VLCC tanker ; 23,375 USD/day for a Suezmax ; and 23,100 USD/day for an uncoated Aframax. Benchmark newbuilding prices in Jul 2022 were being estimated at ...

Read More »

Phillips 66 offers to buy pipeline operator DCP Midstream

U.S. refiner Phillips 66 (PSX.N) on Wednesday offered to acquire the public units of DCP Midstream (DCP.N) in a deal that would value the pipeline operator at $7.2 billion deal and bulk up Phillip’s natural gas liquids business. A deal would mark the first major move by Mark Lashier, who took over as the chief executive officer of Phillips 66 last month. Earlier this year, the company acquired the public units in transportation and storage business Phillips 66 Partners. Canadian pipeline operator Enbridge (ENB.TO), which owned 50% of DCP’s general ...

Read More »

Intellian Signs Multi-Year Partnership Agreement with Speedcast to Meet Accelerated Satellite Communications Demand

Intellian, a leading provider of future-proof satellite communications technology solutions, has announced a multi-year partnership agreement with Speedcast, one of the world’s largest satellite communications service providers. The multi-million-dollar agreement will enable Intellian and Speedcast to collaborate in serving multiple markets with future-proof satellite connectivity, including the maritime and energy sectors. The partnership builds upon the success of the existing relationship between the two organizations in the energy, commercial maritime and cruise industries, and comes at a promising time for the industry, which has been experiencing a recent explosion in ...

Read More »

Traffic builds up along Rhine after vessel’s engine failure

Around 20 ships are stuck in traffic along Germany’s river Rhine, where low water levels have already impeded shipping this summer, after a vessel’s engine failure closed part of the waterway, authorities said on Wednesday. A vessel with a 1,660-ton load was forced to drop anchor due to an engine failure, closing traffic between St Goar and Oberwesel, river police said. “It’s backing up,” a spokesperson for the Federal Waterways and Shipping Administration told Reuters. “The berths are full all the way to Mainz.” Mainz is about 50 kilometres south-east ...

Read More »

GT USA Enabling a Turnaround of the Port of Wilmington

October 3rd, 2022, will mark GT USA Wilmington’s (GTW) fourth year into a 50-year concession agreement managing and operating the Port of Wilmington in Delaware. To say there have been a few unforeseen challenges thrown its way is an understatement. Indeed, who could have foreseen that within months after the ceremonial handover the world would be amid a global pandemic. Throughout the challenging times GTW diligently pursued new business through its global network and built new facilities to enhance customer services. It has ensured that cargos of fresh food and ...

Read More »

Kalmar terminal tractors chosen by Maldives Ports Limited to enhance efficiency, safety and fleet availability

Kalmar, part of Cargotec, has concluded an agreement to supply Maldives Ports Limited (MPL) with three Kalmar T2i terminal tractors. The order, which also includes two years of access to Kalmar Insight, was booked in Cargotec’s 2022 Q2 order intake, with delivery scheduled for early Q1 2023. MPL was incorporated in 2008 to ensure the efficient management and operation of government-owned ports and port facilities in the Maldives. The organisation manages and operates Malé Commercial Harbour – the main port in the Maldives located in the northwest of the capital ...

Read More »

Global Oil Demand Recovery Outpaces Production in June, JODI Data Shows

Global oil demand (excluding China) and output both rose by 1.0 mb/d month-on-month in June, bringing demand up to 98 percent of pre-pandemic levels and crude production to 96 percent, new data from the Joint Organizations Data Initiative (JODI) showed. The data also showed a sharp divergence between Russia’s oil and gas output, with crude oil production rebounding by 538 kb/d month-on-month in June while gas flows plummeted 18 percent or 10.7 bcm in the month. In June, Russian natural gas output stood 30 percent below the March level, while ...

Read More »

Designing the terawatt transition

In November 2021, political leaders, investors and industry stakeholders gathered at COP26 in Glasgow with the same mission: to try and accelerate action towards the goals of the Paris Agreement. In other words, continue the search for zero-carbon alternatives to today’s fossil fuels. At TerraPraxis, we gathered key industry stakeholders, representing several trillion dollars in potential market demand, who revealed new near-term climate-scale strategies to compete on price and performance with fossils fuels. This then saw customers, investors and political leaders announce strategies to accelerate the affordable repowering of two ...

Read More »

Global Ports Holding signs 30-year concession agreement for San Juan Cruise Port, Puerto Rico

Global Ports Holding Plc (“GPH”), the world’s largest independent cruise port operator, is pleased to announce that it has signed a 30-year concession agreement with the Puerto Rico Ports Authority for San Cruise Port, Puerto Rico, following a competitive procurement process managed by the Puerto Rico Public-Private Partnership Authority. The announcement was made locally by Puerto Rico Governor Pedro Pierluisi in a well-attended ceremony and press conference featuring other government of Puerto Rico officials, high-ranking GPH executives, Island private sector representatives and tourism and cruise industry stakeholders, including senior representatives ...

Read More »

Permex Petroleum Receives Drilling Permit Approval for its Texas Property

Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) (FSE: 75P) (“Permex” or the “Company”), a junior oil and gas company, received approval on its permit application for drilling on its property in Martin County, Texas. “The approval of our permit to drill within the highly sought-after Spraberry Trend Area is very well received, and we are thrilled to get our well operational in short order,” said Mehran Ehsan, CEO of Permex Petroleum. “Major oil and gas operators have had prolific success with developing and exploiting reserves that are directly adjacent our ...

Read More »

HOT PORT NEWS from GAC

Reduction of permissible draft 17 Aug 2022, New Mangalore, India The maximum permissible draft for the outer approach channel at New Mangalore is reduced to 13.75 metres with 1.0 metre height of rising tide. Read more » Revised tariffs coming into force 17 Aug 2022, Hazira, India The revised Berthing Policy & Tariff Structure will come into effect for AHPL Terminal Hazira from 1 September. Read more » Dredging completed 17 Aug 2022, Khalifa Port, United Arab Emirates Dredging works at Khalifa Port are completed, submerged sinker pipe de-mobilized across ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping