GLOBAL: APIC predicts oil price recovery in 2019
The Arab Petroleum Investments Corporation says that, barring a sharp economic slowdown, oil markets will rebalance this year with oil prices trading between $60-$70 a barrel.
EUROPE: Port of Oslo opens new shore power connection
The facility will be used by DFDS and Stena Line ferries whilst at berth at the Norwegian port.
ASIA PACIFIC: Coastal Logistics sees another vessel arrested
The Coastal Corporation subsidiary’s 24,202 DWT MR products tanker, Babylon, was detained on 8 January at Western Petroleum Anchorage B in Singapore.
MIDDLE EAST: India starts operations at Chabahar port in Iran
India has taken over operations of a part of Chabahar port in the Sistan-Balochistan province of Iran’s southern coast.
GLOBAL: GEFO places order for dual fuel-ready chemical tankers
The 7,000 DWT stainless steel tankers, which will be ready to operate on LNG and methanol, will be constructed by Avic Dingheng Shipbuilding to a FKAB design.
EVENT FOCUS: The International Bunker Conference, 6-8 May, Oslo
This event will feature speakers and attendees from oil companies, ship owners and class societies.