NEW DELHI, Sept 21 (Reuters) - India's crude oil imports rose to a four-month high in August, recovering from the near one-year low in July, with refiners buying incremental barrels mainly from Latin America and the United States, tanker data from trade sources showed.
Chinese oil imports have been the biggest source of growth for the tanker trades over the past two decades with demand growing from 4.7m barrels per day in 2000 to 13.8m in 2020, an average annual growth rate of 5.5%, making the People’s Republic by some distance the ...
The industry’s ability to comply with pollution and climate change goals demands a new, technology-driven approach, writes Peter Georgiopoulos, the chairman of tanker owner United Overseas Group. Carbon pricing, emissions trading, EEXI, CII, The Poseidon Principles, Getting to Zero and The SeaCargoCharter... The question is this ... .
Beirut...Hezbollah supporters lined roads in northeastern Lebanon as dozens of tanker trucks arrived ... Unable to secure help from elsewhere, it has turned to war-torn Syria and economically damaged Iran ... Women toss rose petals as they welcome tankers carrying Iranian fuel. ImageCredit ... “Our aim is not trade or profit,” Nasrallah said in a speech Tuesday.
While for many shipping sectors Covid-19 has brought a boom, for oil tankers it has meant loss-making trades for much of 2021 and owners effectively subsidising the shipment of crude oil ... That has burnt one of the hottest trades in the sector at the start of the year – bullish oil tankers positions on the hope of a summer surge in oil demand.
Around one in four tankers are approaching retirement age, something that ... Many ageing tankers with limited trading opportunities have moved into sanctioned Iranian and/or Venezuelan trade over the past 12 months.
We have worked diligently over the last 18 months along with DNV, Maran Tankers, Golden Bear and DHI to test the EcoOne™ BWMS and EcoOne Hybrid™ BWMS to the highest standards possible in compliance with IMO testing requirements and to ensure the operational reliability that is expected from every single Ecochlor system.”.
The arrival of the Iranian tanker comes days after a new government was formed in Lebanon, ending a 13-month deadlock ... Nasrallah said the Syrian government has mobilised dozens of tanker trucks to transport the diesel to the eastern Lebanese town of Baalbek by Thursday. ‘Not for profit or trade’ ... “Our aim is not trade or profit,” he said ... .
While Covid-19 has brought a boom for many shipping sectors, it has meant loss-making trades for oil tankers for much of this year and owners are effectively subsidising the shipment of crude oil ... That has burned one of the hottest trades in the sector at the start of the year - ...