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IEA revising oil demand growth forecast down on slowing economy

New Delhi - Last year, the IEA predicted that 2019 oil demand would grow by 1.5 million bpd but had cut the growth forecast to 1.2 million bpd in June this year.

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Weaker scrubber demand takes shine off Alfa Laval’s results

Stockholm - Swedish engineering group Alfa Laval reported on Wednesday a fall in quarterly order intake, hit by weaker than expected demand for ship exhaust cleaners, sending its shares sharply lower

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Aida wants to be emission-neutral by 2023

Rostock - German shipping company Aida wants to be at the forefront of the emission-neutral cruising

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U.S. releases MSC vessel seized with 20 tons of cocaine

Genoa - U.S. authorities have released a container ship that was seized with 20 tons of cocaine in Philadelphia after the operator posted a $50 million bond, including $10 million in cash.

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Turkey says EU funding cuts will not affect its drilling off Cyprus

Daren Butler

Pioneering ABS and MSC Condition-Based Class Program Showcased at Mega Rust 2019
Damen chooses Wärtsilä’s propulsion solution
“Gulf conflict would see oil prices spike, ease, jump again”
European gas prices exceed Asian spot LNG

European gas prices exceed Asian spot LNG

London - European gas hub prices have risen above the price of liquefied natural gas (LNG) on the Asian spot market in a rare occurrence that largely rules out arbitrage of LNG cargoes from the Atlantic to the Pacific basins

New York Port unveils 30 years plan

New York Port unveils 30 years plan

New York - The New York and New Jersey Port Authority has unveiled its “Port Master Plan 2050,” a comprehensive document that lays out a flexible roadmap for the next generation of land-use and infrastructure development

Hapag-Lloyd offers new African service
Piraeus Bank explores Asiatic partnership
ABS and MARIN Launch Wind Propulsion Technology JIP
“Diversity and inclusion improve companies revenue” / INTERVIEW
ONE takes over a new 14,000 TEUs ship

ONE takes over a new 14,000 TEUs ship

Singapore - The Japanese container shipping company Ocean Network Express, ONE, has announced the delivery of the 14,000 TEU containership “ONE Cygnus” at Japan Marine United Corporation’s shipyard at Kure, Hiroshima

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