US Crude Stocks Jump, Gasoline Inventories Plunge - EIA
U.S. crude stocks rose last week as refineries cut output, while gasoline stocks and distillate inventories fell, the Energy Information Administration said on Wednesday.
Algeria to Renew LNG Deal with France's Engie in March
Algeria's state energy company Sonatrach will renew a deal with French gas and power group Engie to supply 10 billion cubic meters of LNG per year, a source at Sonatrach told Reuters on Wednesday.
Baltic Index Ends Higher for 6th Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended higher for its sixth straight session on Wednesday, boosted by stronger rates across all vessel segments. The overall index, which also factors in rates for panamax, supramax and handysize shipping vessels, ended up 12 points, or 1.16 percent, at 1,045 points, its highest level since Dec. 13. The capesize index closed up 22 points, or 1.41 percent, at 1,578 points.
Video: Crowley Builds for LNG Bunkering at JAXPORT
Crowley Maritime Corp. and Eagle LNG Partners have started to build a new shore-side liquefied natural gas (LNG) facility on Crowley-leased property at JAXPORT’s Talleyrand Marine Terminal in Jacksonville, Fla. The new LNG bunkering facility will serve Crowley’s Commitment Class LNG-powered combination container/roll-on roll-off (ConRo) ships presently under construction for use in the U.S. Mainland-Puerto Rico trade.
Hansen Joins Hempel as CCO
Hempel has appointed Michael Hansen as its new executive vice president and chief commercial officer (CCO). He will join the coatings manufacturer’s executive management board on 1 May, reporting directly to group president and chief executive officer (CEO), Henrik Andersen. Hansen joins Hempel after 19 years with Maersk, where he most recently held the position of vice president and global head of sales in Maersk Line.
Star Bulk Awarded USCG Qualship 21 for 30 Vessels
The U.S. Coast Guard (USCG) has awarded Qualship 21 status to 30 bulk carriers owned and operated by Star Bulk Carriers Corp., the largest U.S. listed dry bulk operator. The Qualship 21 program rewards high quality ships sailing under qualifying flags. In a letter to Star Bulk, Rear Admiral Paul Thomas of the USCG stated, “Less than 10 percent of all [non-U.S. flagged] ships that operate in the [U.S.] meet the eligibility requirements of this program…
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