Global Oil Demand Growth to Slow – McQuilling

  • Global oil demand growth and crude supply growth is likely to slow over 2019-2023.
  • Crude and residual fuel tonne/mile demand is forecast to increase by about 0.9% on an annual basis throughout 2019-2023.
  • An annualized growth of 2% and 2.3% for the LR2 and LR1 sectors is forecast, respectively through 2023 and just below 1.6% for MR2s.
  • Total DPP 2019 deliveries are estimated to be 134, before falling to 102 in 2020.
  • The consultancy projections indicate that 58 product tankers will join the...

http://mfame.guru/global-oil-demand-growth-to-slow-mcquilling/

Ship Runs Aground Off Solomons Coast Ment

A ship has run aground off the southern coast of the Solomon Islands and officials say bad weather is hampering efforts to salvage the vessel, reports RadioNZ.

What happened?

Shipping agent Tony Saliga said that, the MV Solomon Trader hit the reefs in Kangava Bay off Rennell Island on 5 February.

How did it happen?

He reported that, the vessel was loading bauxite from the nearby Bintang mine when the incident happened. Mr Saliga said the strong winds and rough seas may have pulled the ship towards...

http://mfame.guru/ship-runs-aground-off-solomons-coast-ment/

WEST: SPAWAR Systems Centers Rebranded as Naval Information Warfare Centers

Lauren Burnette, from Space and Naval Warfare Systems Command (SPAWAR) Systems Center Pacific, explains the Battlespace Exploitation of Mixed Reality (BEMR) Lab demo to a visitor at the Office of Naval Research (ONR) exhibit during the 2016 Sea-Air-Space Exposition. US Navy photo.

SAN DIEGO, Calif. — In a nod to the rising role of technology and growing importance of information warfare in the battlespace, the Navy will rename Space and Naval Warfare Systems Command’s (SPAWAR) Systems Centers...

https://news.usni.org/2019/02/13/west-spawar-systems-centers-to-become-naval-information-warfare-centers

King Abdullah Port officially inaugurated, ambitious growth plans ahead

Earlier this week, HRH Prince Mohammed bin Salman, Crown Prince, Vice President of the Council of Ministers and Minister of Defense, Saudi Arabia, officially inaugurated King Abdullah Port (KAP), the first example of government-private joint-enterprise in the maritime sector.

http://www.seatrade-maritime.com/news/middle-east-africa/king-abdullah-port-officially-inaugurated-ambitious-growth-plans-ahead.html

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