Oil Gas Technology’s Post

#CargoBreakingNews CONCOR signs MoU to meet container logistics requirements A non-binding MoU was signed between Container Corporation of India Ltd(CONCOR) and Indian Oil Corp Limited (IOCL) at to facilitate discussions and cooperation between Indian Oil and CONCOR in various areas such as for using LNG as a fuel and addressing petrochemical and other container logistics requirements. Additionally, the agreement aims to establish competitive and stable pricing for contracts at existing and upcoming LNG Auto stations across India. 👉Read the full article here: https://lnkd.in/g9jer-iQ #CONCOR #IOCL #MoU #ContainerLogistics #LNG #FuelUsage #Petrochemicals #Collaboration #LogisticsAgreement #CompetitivePricing #LNGAutoStations #BusinessProspects #ISOContainers #Railways #MultiModalLogistics #VirtualStorageUnits #Warehousing #IndianOil #CONCORterminals #SupplyChain #MMLP #Paradip #PetChemRailDispatches #CentralizedWarehouse

Optimizing rail transport for the Petrochemical industry: Key strategies for safety and efficiency 🚂 Rail transport plays a crucial role in the petrochemical industry, offering an efficient and safe solution for the transportation of often hazardous and sensitive products. ⚗️ However, this sector faces unique challenges that require innovative approaches and tailor-made solutions. In this white paper, we explore the specific challenges of rail freight for the petrochemical industry, and present customized solutions to optimize operations. - Enhancing safety with predictive maintenance: Leveraging data analysis to anticipate and prevent equipment failures, ensuring that your fleet is always safe and operational. - Maximizing efficiency through automation: From automated loading and unloading to real-time tracking, discover how advanced technologies can streamline your logistics, reduce downtime, and boost productivity. - Real-time monitoring and incident management: Understand the critical importance of tracking every movement of your rail fleet, ensuring rapid response to incidents and maintaining stringent safety standards. - Seamless document management: Learn how digitization can secure and simplify the handling of essential transport documents, ensuring compliance and reducing the risk of errors. By integrating these strategies, petrochemical companies can not only mitigate risks but also enhance the efficiency and profitability of their rail operations. Explore how these solutions can revolutionize your approach to rail logistics, turning challenges into opportunities for growth and sustainability. Read the white paper here 👉 https://hubs.ly/Q02Jmjmq0 #railfreight #petrochemicals

Amineh Elahisadr This is nothing but as Data discovery (ICPO, CIS collection agency) In my experience with FOB transactions, dealing with unreliable buyers and their fake Bank Capability Letters (BCLs), Manipulated Swift receipts sent via email instead via Swift system has become quite a rollercoaster. Switching gears to sellers, it's like dealing with magicians who vanish after getting the initial paperwork (ICPO, TSA/CPA, and whatnot). They leave behind confusing forms, demanding signatures as if it's some kind of mystical ritual. And let's not forget their special talent for asking for a three-day tank extension with a creatively manipulated TSR. Many in the industry boast about deals, but their success rates are as rare as finding a needle in a haystack. The industry is flooded with self-proclaimed experts, COVID-affected brokers, and graduates of Whatsapp University. If you believe connecting directly with a refinery as an intermediary guarantees success, think again. Reputable trading houses like Vitol, BB Energy, Trafigura, Gunvor, Glencore, and others dominate by purchasing entire refinery productions. They wield significant financial prowess and sell through established networks and powerful brokering entities.

SHI ORDERBOOOK BOOSTED BY LARGEST-EVER CONTRACT: Samsung Heavy Industries (SHI) has increased its order intake this year to a total of 25 ships, following the 16-vessel order reported earlier in July 2023 from Evergreen. The value of the latest order is KRW 3,959.3bn, which, according to SHI, is the largest ever for a single shipbuilding contract. This broke the previous record (12 LNG carriers, KRW 3.331 trillion) set by SHI in June 2022. The 16 Evergreen 16,000 TEU containerships are scheduled to be delivered by December 2027. SHI says its total orderbook now amounts to US$ 33.6bn, and the latest contract means that it has already achieved two-thirds of its annual target. The latest contract is for methanol-ready ships, reflecting what SHI considers to be a market trend towards methanol (CH3OH) after LNG as an eco-friendly fuel. SHI expects to further strengthen its competitiveness in the eco-friendly ship market in the future. A company official said: “Based on the solid order backlog, we will continue to prioritise profitability of vessels in contract acquisitions. If we win contracts for LNG carriers and FLNG projects, which are expected to be ordered in the second half, there won’t be any significant challenges in reaching our order goals for three consecutive years.” The use of methanol fuel can, according to SHI, reduce SOx emissions by 99%, NOx by 80%, and CO2 by more than 20%, compared to the traditional bunker C heavy oil.

Jaldhi Overseas orders very large ammonia carriers at Jiangnan. Singapore-based owner Jaldhi Overseas has ventured into very large ammonia carrier segment with up to four newbuilds at Jiangnan Shipyard in China. The shipping arm of India’s Bothra Group has contracted two firm 93,000 cu m gas carriers and signed a letter of intent for two additional units with the yard, which recently firmed up a similar deal with AW Shipping, a joint venture of ADNOC Logistics & Services (ADNOC L&S) and China’s Wanhua Chemical Group. While the ADNOC L&S venture is paying $125m per ship, with deliveries starting in 2026, no price tag or estimated delivery dates have been divulged for Jaldhi newbuilds. Jaldhi was established in 2004 and in addition to VLACs, the company has ultramax bulk carriers, MR2 tankers and midsize gas carriers on order at Yangzi-Mitsui Shipbuilding (Yamic) a joint venture between China’s Yangzijiang Shipbuilding and Japan’s Mitsui E&S Shipbuilding. Multiple owners have placed their bets on the VLAC newbuilds as global trade of low-carbon ammonia is expected to witness a significant surge in the coming years. However, some analysts have pointed to potential vessel oversupply fears due to insufficient ammonia volumes to transport in the mid-term and that these ships would initially trade in the LPG market.

𝐋𝐮𝐛𝐫𝐢𝐜𝐚𝐧𝐭𝐬 𝐊𝐧𝐨𝐰 𝐭𝐡𝐞 𝐔𝐧𝐭𝐚𝐩𝐩𝐞𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 @ https://lnkd.in/daSrhte5 #Lubricants are capable of decreasing heat, wear, and friction when introduced as a film between sold surfaces. They exhibit superior properties such as corrosion protection, smooth functioning of mechanical parts, and demulsibility, which make them suitable for use in a wide application such as construction, marine, industrial, automotive, and others. Moreover, they are used to achieve optimum efficiency, and always ensure that everything from the main engine to secondary equipment runs smoothly irrespective of the work environment. 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: ROYAL DUTCH SHELL PLC (The Netherlands) Idemitsu Kosan Co.,Ltd. (Japan) LUKOIL (Russia) ExxonMobil (US) FUCHS Group (Germany) PetroChina International (China) bp ((UK) SINOPEC (China) Chevron (US) TotalEnergies (France) #lubricant #lubrication #automotiveindustry #metalworking #automotive #construction #future #mechanical #marine #environment #business  #growyourbusiness #trending #newbusiness #growth #trends

The refining process will never be complete without procuring, forwarding and clearing, and overall logistics that goes into delivering machine parts for the engineering team to execute the specified designs. Using the acceptable HS Code - Harmonized System code ( a standardized numerical method of classifying traded products) for the description of an item is very essential, it can help your organization save cost and avoid variance within acceptable standards in your interactions with Government Agencies over your shipment. Famboss Limited is a professional logistics company with deep interest in helping oil and gas companies reach optimum productivity while saving cost through our effective- systematic logistics solutions. In summary, we at FAMBOSS Limited allow your team to focus on other important things while we take care of your logistics. #fambosslimited #freightforwarding #logistics #customclearance #airfreight #seafreight #nahco #sahco #airlines #shipments #cargo #agencies #governmentagencies

What is the relationship between API and ILSAC? The American Petroleum Institute (API) and the International Lubricants Standardization and Approval Committee (ILSAC) play crucial roles in the regulation and standardization of motor oil. The API is a trade association that represents the oil and natural gas industry in the United States, while ILSAC is a global collaboration of automotive engine manufacturers and lubricant producers. When it comes to motor oil, the API sets the standards and specifications for different types of oils, such as viscosity grades and performance levels. These standards are developed through rigorous testing and research to ensure that oils meet the demands of modern engines and provide optimal performance and protection. ILSAC, on the other hand, works closely with the API to develop standards specifically for passenger car engines. The ILSAC specifications are set to ensure that oils provide excellent fuel efficiency, engine cleanliness, and overall performance. In conclusion, the relationship between API and ILSAC is essential for the motor oil industry. By working together, they establish and maintain high-quality standards that benefit both consumers and the automotive industry as a whole.