Procurement managers, technical directors, and purchasing agents are feeling it in high prices and long delays: As the global economy surges back to life, a massive imbalance in shipping container traffic is exacerbating bottlenecks in the supply chain.
Dung Quat Refinery Processes 100 million Tonnes of Crude Oil After 15 Years
The Dung Quat Oil Refinery, located in Quang Ngai province and operated by Binh Son Refining and Petrochemical Company (BSR), marks a milestone, having processed over 100 tonnes of crude oil in its 15 years operation. Achieving up to 110% of its designed capacity, the refinery has played an important role in ensuring energy security and contributing to the economic growth of the region and Vietnam.
Red Sea Crisis Prompts Asia to Rethink Oil Policy, but Near-term Supplies Intact
The Red Sea crisis is prompting Asian countries to reconsider their oil policies, although immediate oil supply disruptions are not expected. Asian refiners are preparing for potential escalations by exploring alternative sources to ensure a steady supply of feedstock, which could lead to increased insurance costs and affect refining margins. Despite reliance on imported oil, Asia’s diversification of import sources and expanded storage capacities provide a buffer against supply disruptions.
Could Battery-Powered Container Ships Serve Transatlantic Trade?
Many years ago, University of Michigan Professor of Business C. K. Prahalad authored Competing for the Future, in which he explored a concept termed the “convergence of technologies.”
Confronting the Container Imbalance
Procurement managers, technical directors, and purchasing agents are feeling it in high prices and long delays: As the global economy surges back to life, a massive imbalance in shipping container traffic is exacerbating bottlenecks in the supply chain.
