Global News

The Singapore-based LNG company has entered into an agreement to purchase the portfolio of LNG assets of the Spanish public multinational electric utility company for €115 million.

Iceberg Research – the entity which previously targeted the commodity trader Noble Group – is now focusing its attention on Trafigura.

The immediate impact of the new 0.50% sulphur regulation will be higher surcharges, with BAFs to be ‘significantly higher in the first 12-18 months, ‘says online freight forwarder iContainers.

The company achieved revenues of $10,644 million in FY2018/2019, while pre-tax earnings were $77.3 million – a year-on-year increase of almost 50%.

The retail-clothing giant is the first of a group of Maersk customers ‘who are highly engaged in sustainable solutions for their supply chain’ to trial a new carbon-neutral product being offered by the global shipping company.

Following recent media reports about the Arctic permafrost going through a ‘rapid meltdown’, the Clean Arctic Alliance has stepped up its campaign for an immediate ban on the use and carriage of heavy fuel oil (HFO) in Arctic waters.

The supply chains solutions company, which has warned of a ‘rocky path to [IMO] compliance’, has published new bunker tariffs for all major trade lanes.

The hull assembly phase of Carnival’s new LNG-fuelled cruise ship Mardi Gras has begun at the Meyer Turku shipyard.

However, OPEC+ countries will not be able to increase their collective oil production levels in the second half of 2019 without having a detrimental effect on oil prices, says Bjørnar Tonhaugen, Rystad Energy’s chief oil market analyst.

The group, which reached its 25% carbon reduction goal three years ahead of schedule in 2017, achieved a 27.6% reduction in CO2e intensity relative to 2005 baseline in 2018.