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The results are part of data collected from 166 energy firms by the US Federal Reserve Bank of Dallas during September 9–17. Of the respondents, 112 were executives from exploration and production firms and 54 were from oilfield services firms
US crude production and exports are now being closely watched amid faltering demand for land and transport fuels, which has crippled seaborne shipments and led to record inventories of crude, diesel, gasoline and jet fuel
Higher costs and the effects of the trade war see China lose some of its manufacturing base to neighbouring countries
The action comes as other nations step up their interest in the Arctic, especially the US and UK, which seek to keep the region’s waters free of domination by any single country
The coastguard analysis showed Golden Ray failed to comply with International Maritime Organization stability standards at the time it capsized, as well as during its two voyages prior to departing the port of Brunswick
‘As with any major wreck removal, there is always a need for creative solutions. I think that’s what makes a good salvor,’ said T&T Salvage president Mauricio Garrido
‘Our port partners on the east coast played a crucial role in making this feat possible, by implementing the necessary and timely infrastructure improvements needed to accommodate these larger ships’, says CMA CGM
The news from the Pacific Northwest stood in stark contrast to announcements from California during the past two weeks, where all three major seaports — Oakland, Los Angeles and Long Beach — reported upbeat figures
South and Central America have the opportunity to kick-start the zero-emissions fuel industry for shipping, says environmental non-profit organisation Ocean Conservancy
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