DNV GL: natural gas to become world’s primary energy source by 2035 Natural gas will become the largest single source of energy from 2034, according to a report by the classification society, DNV GL. Western Australia bans hydraulic fracturing Western Australia, home to several giant liquefied natur
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Classification societies need to keep pace with the digitalization of the shipping industry in order to support the industry needs, according to the new Chairman of the International Association of Classification Societies (IACS), Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime. “Our industry is becom
The shipping industry may collectively need to spend around USD 100 billion in order to install the new ballast water treatment systems that will be required by law in order to become compliant with the Ballast Water Management (BWM) Convention that will enter into force on September 8, 2017. Esben
Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani has inaugurated today the Hamad Port in Umm Al Houl. The port, located 40km south of Doha, is the largest of its kind in the Middle East and has the capacity to handle all types of vessels, including large containerships. The USD 7.4 billion port will hav
Natural gas will become the largest single source of energy from 2034, according to a report by the classification society, DNV GL. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today. DNV GL’s Energy Tr
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition published on Tuesday. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today. Gas
An unidentified cargo ship has capsized near the port of Lakbi in Omani territorial waters after it started taking on water, Royal Oman Police informed via social media. Although the name of the vessel is not known, the officials said that the ship is Tanzanian-flagged. At the time of the incident t
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The recent reshuffling of alliance networks on Asia-Europe trade, driven by carrier consolidation, has seen some ports omitted and others gaining greater cargo volumes. While Singapore, Tanjung Pelepas, and Valencia have clearly benefited from the new Asia-Europe alliance networks, Port Klang and Ka
Over the past four months owners have been busy ordering new tankers, keeping the crude oil tanker fleet expansion on course for a six-year-high, measured in DWT, BIMCO said. However, the fleet growth percentage is down from last years’ 5.9%, to 4.7% for the full year of 2017. The order book include
The current order book for bulk carriers stands at 60.4 million DWT, which is the lowest in 13 years, based on the data from BIMCO shipowners’ association. Despite the market turmoil stemming from hectic activity in the sales and purchase market, the ordering activity remained subdued for some time.
The most popular articles of the week August 21 – 27, 2017.
One injured in FortisBC’s Tilbury LNG plant incident The proceedings at the FortisBC’s Tilbury LNG plant in Delta, British Columbia, currently undergoing commissioning, were interrupted by an incident on Saturday, leaving one worker injured. French-Belgian JV to build Shell’s LNG barge A joint ventu
