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Tuesday, March 19, 2024
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18 Mar 2024

CEO Says Exxon Mobil Not Trying to Buy Hess

Source: Hess

Exxon Mobil CEO Darren Woods on Monday said his company is trying to establish it has rights over Hess Corp's Guyana assets in its dispute with Chevron, not buy the company itself.In his first public remarks on the company's pursuit of an arbitration case that could block Chevron's $53 billion deal for Hess, Woods said Exxon would not have waited for Chevron to announce its Hess deal if it had wanted to buy Hess."We're basically standing up for what we believe is a fundamental right," Woods told Reuters at the CERAWeek energy conference in Houston.

14 Mar 2024

Hijacked Ship May Have Been Used in Attack near Somalia

Source: EUNAVFOR

Somali pirates who seized the Maltese-flagged bulk cargo ship Ruen in December may have used the vessel in the takeover of a Bangladesh-flagged cargo ship off the coast of Somalia two days ago, the European Union naval force said on Thursday.Somali pirates caused chaos in important global waterways for a decade leading up to 2018, but had been dormant until a resurgence of attacks starting late last year.If confirmed, Tuesday's attack from a confiscated ship would mark a return…

12 Mar 2024

German Shipowners Seek Clarity from Berlin on Carbon Trading

© enanuchit / Adobe Stock

German shipowners' group VDR on Tuesday urged the Berlin government to provide legislation implementing European Union requirements to include the sector in the bloc's carbon trading system.The government is behind in transforming an EU agreement late in 2022 to require shipowners to buy EU carbon permits to trigger investment in greener technologies, into national legislation, VDR said at its annual press conference."For us, the cornerstone of our operations is not only planning certainty but also the assurance of uniform competitive conditions on an international scale…

06 Mar 2024

Russia Oil Fleet Shifts Away from Liberia, Marshall Island Flags Amid US Sanctions Crackdown

© evannovostro / Adobe Stock

Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks after the United States ramped up sanctions enforcement on ships linked to those registries, according to shipping data and interviews with industry and government officials.The shift reflects the close relationship between the U.S. and the flag administration companies of Liberia and the Marshall Islands, which are headquartered not in their home countries, but in Virginia, just miles from Washington D.C. and within the jurisdiction of U.S.

05 Mar 2024

Ukraine Says it Sunk a Russian Patrol Ship Near Crimea

(Photo: Ukraine Defense)

Ukrainian sea drones hit and sank a Russian Black Sea Fleet patrol ship off occupied Crimea in an overnight attack, the Ukrainian military said on Tuesday.Ukraine's GUR military intelligence agency said a special unit called Group 13 had fired Magura V5 maritime drones at the Sergey Kotov near the Kerch Strait, which connects the Sea of Azov to the Black Sea.It said on the Telegram messaging app that the vessel had sustained damage to the stern, starboard and port sides, at an estimated cost of $65 million."Right now this ship is on the seabed as a result of fire damage by unmanned boats…

05 Mar 2024

Ukrainian Sea Drones Damage Russian Black Sea Fleet Patrol Ship Near Crimea

© Peter Cripps / Adobe Stock

Ukrainian sea drones damaged a Russian Black Sea Fleet patrol ship off occupied Crimea, Ukrainian military intelligence said on Tuesday.The intelligence agency said on Telegram messaging app that its special unit Group 13 attacked the Russian Black Sea Fleet patrol ship Sergey Kotov near the Kerch Strait."As a result of a strike by Magura V5 maritime drones, the Russian ship Project 22160 Sergey Kotov sustained damage to the stern, starboard and port sides," it said. The message added that the ship was worth about $65 million.Andriy Yermak…

01 Mar 2024

Animal Welfare Groups Decry Bahijah Re-Export Decision

Image courtesy of Michael Mondello

The Australian Alliance for Animals and the RSPCA have expressed dismay over the decision by Australia’s Department of Agriculture to allow the re-export of more than 15,000 sheep on board the Bahijah to the Middle East.Originally, 16,000 Australian sheep and cattle were onboard the Bahijah for over a month after the vessel departed from Australia and then turned back from the Middle East due to maritime security concerns in the Red Sea. It was then recalled to Perth by the Department of Agriculture.The animals were unloaded after the Department rejected a plan for their immediate re-export.

01 Mar 2024

Only Grain Ships from Black Sea and for Iran Still Crossing Red Sea

© wifesun / Adobe Stock

Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the Red Sea as Houthi militants continue to attack vessels in the area, analysts said on Friday.The attacks by the Iran-aligned Houthis have disrupted global shipping since November and forced firms to re-route to longer and more expensive journeys around southern Africa."Just about all (dry bulk grain) vessels going from the Americas and western Europe are avoiding the Red Sea…

01 Mar 2024

Ukraine Expands Ship War Insurance with Marsh & Lloyd's to Iron Ore, Steel

© glebzter / Adobe Stock

Insurance broker Marsh and Lloyd's of London underwriters have expanded a marine war insurance program backed by Ukraine from grain shipments to all non-military cargo, such as iron ore and steel, Marsh said on Friday.Marsh, Lloyd's and Ukrainian state banks launched an initial program in November to cut the cost of claims for damage to ships and crew transporting grain through the Black Sea corridor, following Russia's invasion of Ukraine two years ago."Expanding insurance to cover ships carrying all non-military cargo is extremely important for Ukraine…

29 Feb 2024

Barge Fuel Exports Help Russia Negotiate Tanker Shortage

© Yulia / Adobe Stock

Russia exported more than 700,000 metric tons of oil products from the Black Sea port of Novorossiisk in 2023 using small river barges because of a lack of bigger tankers owing to EU sanctions and price cap limitations, market sources said and LSEG data showed.Some ship owners have avoided Russian ports since the EU embargo and price cap on Russian refined oil products went into effect in February last year, forcing shippers to turn to a so-called shadow fleet of ageing tankers.The shadow fleet has supported the flow of Russian barrels…

26 Feb 2024

IMO’s PPR11 Agrees Guidance on Key Environmental Issues

Source: IMO

The IMO’s Sub-Committee on Pollution Prevention and Response (PPR 11) agreed new guidance on several key environmental issues.Meeting from February 19 to 23, 2024, the following guidance will now be submitted to the Marine Environment Protection Committee for approval this March (MEPC 81) and October (MEPC 82):• the safe transport of plastic pellets by sea• best practices for cutting black carbon emissions from ships operating in or near the Arctic• reducing risks of use and carriage…

26 Feb 2024

Oil Spotted at Bonaire's East Coast

© Val Traveller / Adobe Stock

Oil stains possibly coming from neighboring Tobago have reached the island of Bonaire, local media said on Monday, prompting authorities to begin organizing protection to beaches and mangrove areas.Since an oil spill from a capsized vessel was first spotted by Trinidad and Tobago's Coast Guard on Feb. 7, it has blackened the Caribbean nation's beaches and is threatening other countries, including Grenada and Bonaire, whose main source of revenue is tourism.Part of Bonaire's East coast…

25 Feb 2024

IMO Finalizes Arctic Pollution Prevention Guideline Drafts

Source: IMO

The IMO Pollution Prevention and Response Sub-Committee PPR 11 was held February 19-23, and agreement was reached on guidance for the prevention of pollution in the Arctic marine environment.The guidance will now be presented to the IMO’s Marine Environment Protection Committee (MEPC).Lloyd’s Register reports the following was agreed at PPR 11:• Draft guidance on best practice for goal-based control measures to reduce the impact on the Arctic of black carbon emissions from international shipping (expected to be approved at MEPC 82…

21 Feb 2024

Canadian Coast Guard Awards Contract for Icebreaker Life Extension

(Photo: Canadian Coast Guard)

Canada's Minister of Public Services and Procurement, Jean-Yves Duclos, on behalf of the Minister of Fisheries, Oceans and the Canadian Coast Guard, Diane Lebouthillier, announced a contract award following a competitive process, valued at approximately $44 million (including taxes) to Ocean Industries Inc. for the vessel life extension of the CCGS Griffon.Scheduled to take place from June 2025 to October 2026, the vessel life extension work entails refurbishing and repairing the main propulsion motors…

18 Feb 2024

Houthis Claim Missile Attack on Oil Tanker

© momentscatcher / Adobe Stock

Yemen's Iran-aligned Houthis claimed responsibility on Saturday for an attack on the oil tanker M/T Pollux, which U.S. officials said the previous day had been hit by a missile."The naval forces of the Yemeni Armed Forces carried out a targeting operation against a British oil ship (Pollux) in the Red Sea with a large number of appropriate naval missiles," Houthi military spokesperson Yahya Sarea said in a statement, adding the strikes "were accurate and direct".U.S. Central Command…

14 Feb 2024

Video: Ukraine Says It Sunk a Russian Warship in the Black Sea

(Photo: Defense Ministry Ukraine)

Ukraine destroyed a Russian landing warship off the coast of occupied Crimea in an operation with naval drones that breached the vessel's port side on Wednesday and caused it to sink, Kyiv's military spy agency and armed forces said.There was no immediate comment from Russia, which said earlier that it had destroyed six drones in the Black Sea. The Kremlin declined to comment."The Ukrainian Armed Forces, together with the Defense Ministry's intelligence unit, destroyed the Tsezar Kunikov large landing ship.

11 Feb 2024

Russia Says it Foiled Ukrainian Drone Attack on Civilian Cargo Ships

© SerPhoto / Adobe Stock

Russia said on Saturday it had repelled an attempted Ukrainian drone attack on Russian "civilian transport ships" on Friday evening in the southwestern part of the Black Sea, a key artery for grain and oil exports from both countries.Civilian vessels on the Black Sea have not generally been targeted since Moscow ordered its troops into Ukraine in February 2022, but last July both sides said they would start treating ships headed to the other's ports as potential carriers of military cargo.In a statement posted on the Telegram messaging app…

09 Feb 2024

More Grain Ships Diverted from Red Sea Due to Houthi Attacks

© Lukasz Z / Adobe Stock

More ships carrying grain were diverted from the Suez Canal to sailings around the Cape of Good Hope this week as concern about attacks on vessels in the Red Sea continued, shipping analysts said on Friday."Another 13 vessels were diverted this week taking the total cargo diverted away from the Red Sea route to around 5.2 million metric tons of grains in about 90 ships since the attacks started late last year," said Ishan Bhanu, lead agricultural commodities analyst at data provider…

04 Feb 2024

New Mechanism Planned for Ukraine Black Sea Grain Exports

© valdisskudre / Adobe Stock

Turkish President Tayyip Erdogan will discuss a new mechanism to allow Ukrainian grain exports through the Black Sea with his Russian counterpart Vladimir Putin during his upcoming visit to Turkey, Foreign Minister Hakan Fidan said on Sunday.Putin is expected to visit Turkey on Feb. 12 to meet Erdogan, a Turkish official previously said, in what will be the Russian leader's first trip to a NATO ally since Moscow's invasion of Ukraine in February 2022.There are efforts to find "new methods" to transport Ukrainian grain to the world markets…

30 Jan 2024

Chevron Reroutes Kazakh Oil to Asia Around Africa

Chevron is sending cargoes of Kazakhstan's CPC Blend oil to Asia around Africa's Cape of Good Hope rather than via the Red Sea to avoid the risk of attacks by Yemen’s Houthis, according to three industry sources and LSEG ship-tracking data.The Iranian-aligned Houthis have stepped up attacks on shipping despite U.S.-led air strikes on the group's positions in Yemen, leading more vessels to avoid using the Red Sea and the Suez Canal - the shortest sea route between Europe and Asia.CPC Blend crude is loaded at the Russian Black Sea terminal of Yuzhnaya Ozereevka, near Novorossisk.

29 Jan 2024

Russian Oil Facilities Hit by Drone Attacks, Fires

© evannovostro / Adobe Stock

Russia energy infrastructure has been hit by drone attacks and fires in the past month, adding to uncertainty in global oil and gas markets already rocked by the conflict in the Middle East.Russia and Ukraine have targeted each other's energy infrastructure in strikes designed to disrupt supply lines and logistics and to demoralise their opponent as they try to get the edge in a nearly two-year-old war that shows no sign of ending.Following are recent major incidents at Russian oil facilities in the past month:* A Russian appointed official said on Jan.

29 Jan 2024

Russia Eases Harsh Weather Restrictions to Boost Oil Exports

© Igor Groshev / Adobe Stock

Russian ports are operating during more severe storms and easing restrictions for non ice-class vessels during winter, traders said and regulations showed, in an attempt to boost exports following disruptions from Western sanctions and harsh weather.Following the European Union oil embargo, Russia has to rely mostly on seaborne loadings, rather than westbound pipeline supplies via the Druzhba pipeline.Traders and analysts said the easing of restrictions carried technical and ecological risks, but could help Russia's revenues that are heavily reliant on oil.Russian pipeline monopoly Transneft,

25 Jan 2024

Incat Crowther Design for Florida Ferry

Image © Incat Crowther

Incat Crowther has been commissioned by Gladding-Hearn Shipbuilding, Duclos Corporation to design a new 300-passenger, high-speed catamaran for US operator Yankee Freedom.The new vessel, Yankee Freedom IV, will replace the 250-passenger Yankee Freedom III, which was also designed by Incat Crowther. Like its predecessor, Yankee Freedom IV will provide service on the 70-mile route between Key West in Florida and the Dry Tortugas National Park.The commissioning of Yankee Freedom IV reinforces Incat Crowther’s position as one of the most trusted passenger ferry designers in North America.

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