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Rystad Energy is predicting that – as the COVID-19 pandemic has ‘demolished global oil demand’ and ‘stocks are building by the day’ – a third of available crude storage capacity in the US will already be filled in April and with more oil coming, ‘the largest production shut-ins in the country’s history are not far off’.

Holland Shipyards has reported that, while still working on the construction of Schlepp-und Fährgesellschaft Kiel’s (SFK) first fully electric ferry, it also laid the keel for a second vessel earlier this month.

The class society says it has received several reports about sea water leakage and corrosion which have been detected around welds between the distance piece and the flange at scrubber discharge water lines.

The European Commission (EC) has called on Member States to create a network of ports where crew changes can take place without delays.

In response to the impact on demand for transport fuels due to the Coronavirus outbreak, Refining NZ says it is cutting back production at its Marsden Point refinery.

The International Group of P&I Clubs have launched an online coronavirus tracker, sharing information on country and port specific advice around the world and detailing the measures being put in place in response to the pandemic.

Fosmax LNG, a subsidiary of French LNG terminal operator Elengy, has begun a call for capacity subscriptions at the Fos Cavaou LNG terminal.

ABB has signed a Memorandum of Understanding (MoU) with Hydrogène de France (HDF) to jointly produce megawatt-scale fuel cell systems capable of powering ocean-going vessels.

Finnish fuel supply system specialist Auramarine says it has fulfilled the 15,000th order for its fuel management auxiliary units, with the delivery of a feeder booster to a Korean shipyard for installation on a 2,500 TEU containership.

Revised forecasts from the US Energy Information Administration (EIA) suggest US crude oil production could average 11.8 million barrels a day (b/d) in 2020, down 0.5 million b/d from 2019 – if realised, the 2020 production decline would mark the first annual fall since 2016.