By Roslan Khasawneh SINGAPORE, July 3 (Reuters) - Global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said. Third-quarter supply is estimated to rise by 620,000 barrels per day (bpd) from the second quarter as China and Brazil … [Read more...]
Djibouti Ramps Up Crew Change Efforts for Seafarers
By Jonathan Saul LONDON, July 3 (Reuters) - Djibouti has carried out the first crew change of merchant sailors in its territory and is ready to get home more seafarers who have been stranded by the coronavirus, a senior port official said. Lying on the Bab al-Mandab strait, which is one of the world's busiest shipping chokepoints, Djibouti is a critical transit hub. More … [Read more...]
Major Clean Energy Innovation Needed to Meet Net Zero Target, IEA Says
By Nina Chestney LONDON, July 2 (Reuters) - A global goal to achieve net zero carbon emissions by 2050 will not be met without a huge acceleration in clean energy innovation, the International Energy Agency (IEA) said on Thursday. The 2015 Paris Agreement set a target to curb global warming and reach net zero emissions in the second half of the century. In a special … [Read more...]
Pirates Kidnap Nine from BW Offshore FPSO Off Nigeria
OSLO, July 2 (Reuters) - Pirates attacked an oil production vessel off Nigeria in the early hours of Thursday and kidnapped nine Nigerian nationals, the ship's owner BW Offshore said. The Sendje Berge ship was undergoing maintenance when the attack happened, BW Offshore's Chief Financial Officer Staale Andreassen told Reuters. The Oslo-listed company said none of the … [Read more...]
U.S. Seeks Seize Iranian Gasoline from Four Tankers Headed to Venezuela
By Timothy Gardner and Daphne Psaledakis WASHINGTON, July 2 (Reuters) - U.S. prosecutors late on Wednesday filed a lawsuit to seize the gasoline aboard four tankers that Iran is shipping to Venezuela, the latest attempt by the Trump administration to increase economic pressure on the two U.S. foes. The government of Venezuela's socialist President Nicolas Maduro has flaunted … [Read more...]