These are two primary motivators behind the Northern Lights project, part of the Norwegian initiative to achieve full-scale CCS. The project encompasses the capture of CO2 from cement production and a waste-to-energy plant in the Oslofjord region and t…
Northern Lights show the way to seaborne CCS solutions Read More »
Crude oil prices plunged by more than a third in the past week after OPEC+ failed to agree on production cut as demand softened in the aftermath of coronavirus (COVID-19). In its recent report, the IEA estimates global oil demand at 99.9 mbpd in 2020, …
Volatility to increase in tanker market following oil price war Read More »
VLSFO quality remains a headline IMO2020 topic. As suppliers are getting more experienced at producing VLSFO blends, the proportion of off-spec tests has been declining, although certain quality concerns remain. One of these is the reduction in viscosi…
Should the industry worry about decreasing VLSFO viscosity? Read More »
The demolition market has started to diminish during the past couple of weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the World has been further gripped by the Covid-19 virus this week as the World Health Organisation…
Demolition Market Stalling Read More »
The coronavirus (COVID-19) has already caused the loss of thousands of human lives and the imposition by authorities of travel restrictions and lockdown of cities, provinces and countries across the world. Communities across most continents and economi…