- + Maersk sees box rates plagued by overcapacity, cuts jobs to reduce costs—A.P. Moller-Maersk is seeing a prolonged pressure on freight rates from severe overcapacity and has embarked on 10,000 job cuts to protect its profita...
- + Austria's OMV, Italy's Versalis announce chemical recycling plans for plastics—Austrian refiner OMV has announced the final investment decision for a plant to sort mixed plastics and provide feedstock for chemical recycling, whil...
- + CHINA DATA: Oct crude throughput seen easing from record highs on maintenance, weak demand—China's crude throughput is set to retreat in October from the record high in September due to maintenance, weakening domestic demand, coupled with na...
- + Feature: Average containership fleet age grows to 14.2 years amid ongoing replenishment—The containership fleet has notched a new record high for average age of 14.2 years -- the highest average age of all three primary shipping sectors -...
- + FEATURE: European ethylene derivative producers mothball plants on untenable margins—European ethylene derivative producers have started to mothball plants to manage regional oversupply, a weak market and wafer-thin or negative margins...
- + Mexico limits imports of chemicals, petrochemicals to combat contraband fuel with market's approval—Mexico will temporarily limit imports of some chemicals and petrochemicals in the latest attempt to combat contraband fuel in the country, which accou...
- + Current wave of refinery capacity growth 'likely to be the last': IEA—The current wave of refinery capacity expansion -- which will see around 6 million b/d added to global capacity -- is likely to be the last, according...
- + Kazakhstan No. 3 field Karachaganak to maintain stable output, boost CPC volumes: KMG—Kazakhstan's third highest producing oil field, Karachaganak, is expected to maintain liquids output at current levels in the medium term, helping und...
- + Oman's Salalah port to shut down after severe cyclone warning—Oman's Port of Salalah will be closed as of 5 pm local time (1300 GMT) on Oct. 22 after a national alert of an impending storm heading for the souther...
- + FUJAIRAH DATA: Oil product stocks drop for first time in three weeks—Stockpiles of oil products at the UAE's Port of Fujairah dropped 6.4% in the week ended Oct. 16, the first decline in three weeks, according to data f...
As of 12/21/24 10:13pm. Last new 11/23/24 8:57am. Score: 503
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