Oil Industry

BIMCO’s SNOW: Zero tonnes of Saudi crude oil imported by the US BIMCO’s Shipping Number of the Week Zero tonnes of Saudi crude oil imported by the US In the…

Markets, Geopolitics and Coronavirus: A week to remember… A “promising”, hopefully, beginning for both the Dry and Wet Markets, a despicable one though on Geopolitics and Coronavirus given the events…

Signal look back at 2020: The headwinds, tailwinds and everything in between There is no doubt that 2020 has been a turbulent year for commercial shipping. The coronavirus pandemic has…

A “merry” pre-Festive Season Market amid despicable Geopolitics and advancement of a Coronavirus’ “offspring” detected in UK… The BDI (Baltic Dry Index) ended up 24 points since yesterday and now…

BIMCOs SNOW: Global oil consumption to rise by 5.8m b/d in 2021, falling short of 2017. Tanker trades will change Global oil consumption to rise by 5.8m b/d in 2021,…

New SUT Chief Executive appointed The Society for Underwater Technology is delighted to announce that Dr Cheryl Burgess will join the SUT as Chief Executive in January 2021, bringing over…

Dry bonanza, low and falling Wets with messy Geopolitics amid an explosive Covid The BDI (Baltic Dry Index) ended up 22 points since yesterday and now stands at 1,219 surpassing…

Markets fighting back; Geopolitics sour and COVID’s Vaccine under way… The BDI (Baltic Dry Index) gained 21 points since last Friday and now stands at 1,169. Looks likely a  Joe…

Dry Market in tatters, Wets “re-surface”, Geopolitics focused on the USA’s presidency whilst Coronavirus’ makes waves… The BDI (Baltic Dry Index) lost nine points since yesterday and 81 since last…

Markets mildly fall further; still no white smoke for the White House… The BDI (Baltic Dry Index) lost 30 points since yesterday and now reads 1,194 losing also the 1,200…

Midweek Market and Geopolitics blues The BDI (Baltic Dry Index) fell further and now stands at 1,224 points. The Wets still on  downwards mode too. No white smoke yet for…

Shipping Markets fell; Geopolitics await the USA election result whilst Coronavirus lockdowns begin The BDI (Baltic Dry Index) was down 21 points since yesterday and now stands at 1,263. Whatever…

No steam for the Dry Market, dangerously low Wets, peculiar Geopolitics amid Coronavirus’ lockdowns The BDI (Baltic Dry Index) was up one point since last Friday the 30th of October…

OCIMF Publishes F(P)SO Heading Control Guidelines Monday 02 November 2020 – (LONDON) The Oil Companies International Marine Forum (OCIMF) has today released a new information paper, F(P)SO Heading Control Guidelines. The information paper…

Dropping BDI – now at 1,637, shakes the Markets amid the despicable Global Geopolitical environment, and Coronavirus locks downs looming with unpredictable effects The BDI (Baltic Dry Index) lost 95…

  BDI@1,732; the fall continues. Wets still grounded. Geopolitics and Coronavirus for strong nerves and cool minded humans The BDI (Baltic Dry Index) continue its loop, thanks to another triple-digit…

                                        Capes’ volatility rules the Markets with further falling Wets, despicable…

Capes’ volatility “floors” down the Markets amid messy Geopolitics and surging Coronavirus What a week that was eh! The Dry Market fell sharply, thanks to the Capes’ volatility – nothing…

The ship.energy report 09/10/2020 Weekly briefing from ship.energy Commentary: Joining all the dots In the run-up to 2020 and the implementation of the IMO’s mandate on a global 0.50% sulphur cap for marine…

London based Foresight Group – Shipping to Oil drilling Conglomerate appoints Mr. Vijay Handa as Director to spearhead the expansion and growth of Shipping Division. London 08th October 2020 Foresight Group, London…

BIMCO: 41.5% of Chinese crude oil imports came from the Middle East in August BIMCO’s Shipping Number Of the Week: 41.5% of Chinese crude oil imports came from the Middle East in August Chinese crude oil…

IBIA Annual Convention 2020 – Virtual world overview IBIA’s annual convention for 2020 comes at a time of extraordinary change sweeping through the bunker industry. The COVID-19 lockdowns saw marine…

Shell sets course for net-zero emissions shipping Sep 29, 2020 – Today, in a new report, Decarbonising Shipping: Setting Shell’s Course, Shell highlights the important role that hydrogen and fuel…

American Club Circular no. 34/20 – Nord Stream 2 and Turkstream – update on new US sanctions  SEPTEMBER 17, 2020 CIRCULAR NO. 34/20 TO MEMBERS OF THE ASSOCIATION Dear Member:…

What could peak oil do to tanker demand? Could an oil tanker ordered today be a stranded asset by 2030? I’m sure you’ve seen reports about how bp is predicting…