The giant Johan Sverdrup field contains so much oil that it could, combined with coming fields off the coast of Brazil, have a noticeable impact on the global tanker market, according to a new analysis performed by Wood Mackenzie.
The analysis shows that the fields in Norway and Brazil will add no less than 3.8 million barrels of oil to the market when the fields, according to plan, are fully operational in 2025. This will result in significantly increased volumes of heavy oil, of somewhat uniform quality, which will need to be refined - and this will create a major need for transport.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Significant box market slowdown in September – freight rates still declining
The container market, which for several months has been cooling down after two years with record earnings, has waned even further in September, accelerating the decline in freight rates, according to new figures from Clarksons Research.
Shipping firms ought to throw themselves into "deep waters" with their carbon reporting
Chief of environmental technology company ReFlow agrees with PwC Norway that shipping companies are not reporting well enough on scope 3 emissions. If they don’t pick up the slack soon, it will hit them full force in a couple of years, he says.
Maersk rejects shippers' complaint in USD 180m dispute
U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.
First decline in long-contract container rates since January
The falling spot rates in the container market have made more shippers seek out renegotiations of rates on their long contracts with box carriers. Numbers from Xeneta show that contract rates in September have dived by 1.1 percent.
Maritime organizations want quota income earmarked for shipping's green transition
In an open letter to the EU’s parliament and member states, a number of Europe’s major maritime associations call for earmarking income from shipping’s CO2 quotas for the industry’s green transition.
Technical Superintendent 
Student Assistant for Program Management 
IT Specialist 
Fleet Manager 
Purchase & Logistics Manager based in Copenhagen 
People (HR) Operations Specialist for the offshore wind industry 
Freight and Logistics Officer 
Managing Director - Europe