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Oil prices, VLCCs, and floating storage

You can have a rousing VLCC market, described by Nordic American Tankers chief Herbjorn Hansen as “the strongest we have seen in decades”, and you can have the prospect of reduced vessel supply, and therefore sharply higher capacity utilization - but you can’t have both at the same time.

That’s a paraphrase, but that was one important take-away from a conference call organized by brokers BTIG- under the auspices of equity analyst Greg Lewis, featuring Rystad Energy’s head of oil markets, Bjornar Tonhaugen. The call covered a broad...

Largest defence exporter Austal aims to sell Chinese arm

Australia’s largest defence exporter, Austal, has begun talks to sell its 40 per cent stake in a Chinese shipbuilding joint venture set up five years ago amid deteriorating relations between the two countries.

In 2016, the West Australia-based shipbuilder established Aulong Shipbuilding, a joint venture with Jianglong Shipbuilding, to build commercial passenger and non-military vessels for the Chinese market. Austal provided the designs for the ships. Aulong...

Korean names eye $4.6 bn FPSO deal from Petrobas, offshore may add to shipbuilding boon

Korean shipyards enjoying a new heyday from revived commerce and oil activity have their hopes up for another windfall from offshore drilling facilities after years of inactivity. Korea Shipbuilding & Offshore Engineering Co. (KSOE) and Daewoo...

Navantia To Launch First S80 Submarine For Spanish Navy On April 22nd

His Majesty King Felipe VI, accompanied by Her Majesty the Queen, Her Royal Highness the Princess of Asturias and Her Royal Highness Infanta Sofia will preside over the launching ceremony of S-81, the first submarine of S-80 class, in Navantia shipyard in Cartagena (Murcia, Spain). The ceremony will take place the 22nd of April.

The S-81, which will be named ‘Isaac Peral’, is the first submarine designed and built in Spain. This represents a strong commitment with national technological development, and thus, with national defence as well as with the international...

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b-1_Cocinas Buraglia

Newsletter

INDUCTION: MOVE YOUR GALLEY FORWARD !

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Induction is like any other form of cooking, it uses heat. Therefore the results of induction heating have the same effect on food. The induction cooktop creates an electro-magnetic field that causes the metal of the pan itself to get hot.

Safety & Cleanliness

An induction burner turned on to full heat is still cool to the touch. As it heats metal, cookware will become hot, but the burner itself creates no heat. This makes induction much safer than traditional ranges. COCINAS BURAGLIA induction ranges have automatic detectors that shut off the burner when there is no pan present (electronic pot recognition), when the pan is empty (overheating protection), or when foreign objects fall onto the surface of the range indicator.