Members of OPEC and allies (OPEC+), agreed to a historic production cut of 9.7 million barrels of crude oil per day (m/bpd) to reduce the massive production overhang and set a price floor to limit the fall in oil prices. The production cut is however n…
OPEC+ Production Cuts Will End Profitable Crude Oil Tanker Journeys Read More »
Chinese steel stockpiles reached record highs amid the coronavirus outbreak, but are now steadily easing. This paints the picture of an increased construction activity and a growing seaborne demand for the key dry bulk commodity of iron ore. Demand ret…
Chinese steel stockpiles retreating, a positive indicator for iron ore demand Read More »
By Hanane Becha, TRAXENS & UN/CEFACT, Mikael Lind, RISE (Research institutes of Sweden), André […]
The post Smart ports: On the move to become Global Logistics Information Exchange Hubs…
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Smart ports: On the move to become Global Logistics Information Exchange Hubs Read More »
General Dynamics Electric Boat Friday delivered the nuclear-powered attack submarine Vermont (SSN 792) to the U.S. Navy.Vermont is the 19th submarine of the Virginia Class, and the first of the 10-ship group of Virginia-class submarines known as Block …
Submarine Vermont Delivered to the US Navy Read More »
Babcock Team 31 announced the second round of supply chain contract awards to support the UK Royal Navy’s Type 31 general purpose frigate program.Rolls-Royce is now a major supplier to the program with its brand MTU, delivering the main engines and die…
Supply Contracts Awarded for UK Type 31 Frigate Program Read More »