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.
Shipowners
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Pioneering ABS and MSC Condition-Based Class Program Showcased at Mega Rust 2019
Genoa - MSC Finds Digital Twin Technology Improves Readiness, Optimizes Maintenance and Minimizes Unplanned Failures.
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ABS and MARIN Launch Wind Propulsion Technology JIP
London - Reviewing the regulatory environment to identify gaps and make recommendations and provide examples on establishing compliance.
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“Diversity and inclusion improve companies revenue” / INTERVIEW
Athens - Lloyd’s List has recognized Greek manager Despina Panayiotou Theodosiou, co-managing director of Tototheo Maritime, among the 100 most influential people in the global maritime transport sector, as well as one of the top 5 most important executives of the “young generation of shipping”
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Italy judge rules to free “Sea Watch 3” captain
Rome - The sea captain who rammed a police boat while bringing 40 rescued migrants to an Italian port had been warned to stay out of must be freed from house arrest, a judge ruled Tuesday in a decision that angered the Italian government minister who had declared the defiant mariner an outlaw
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New Saudi ships to be built in South Korea
Seoul - Saudi Arabian tanker giant Bahri is set to order very large crude oil carriers (VLCCs) from a large-scale shipyard being developed in the King Salman Complex by International Maritime Industries (IMI) at Ras Al-Khair, with the vessels being built at the dockyard of Hyundai Heavy Industries (HHI) in South Korea
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Turkey boasts vessel exports
Istanbul - Data compiled from the Transport and Infrastructure Ministry reveal that Turkey has taken significant, eye-catching steps in maritime transport, a strategic sector for global trade. One of the important initiatives was the revival of maritime transport with the removal of excise duty
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Iraqi oil minister expects 6-9 months OPEC output deal extension
Vienna - Iraqi Oil Minister Thamer Ghadhban said on Sunday that he expects a global deal cutting crude production to be extended by six to nine months and that his country supports all efforts to improve stability in the oil market.
