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Turkey To Close Bosphorus Strait For 12 Hours

The Turkish government will close the Bosphorus strait to sea traffic for ships over 3,000 tons for 12 hours from 1600 GMT on December 31 to minimize possible effects from the millennium bug problem in computers. Ships over 3,000 tons will not be allowed to pass through the strait from 1600 GMT on December 31, 1999 to 0400 GMT on January 1, 2000 for traffic safety. Ships longer than 200 m will not be allowed to sail through the 19-mile-long strait unless they provide millennium compliance certificates and ensure that their cargo is not dangerous.


LPG Ships Collide in France

Two LPG tankers collided in the northwestern French port of Donges causing 60 tonnes of ship fuel to spill into the Sea. French coastguard said the Liquefied Petroleum Gas (LPG) carriers the Happy Bride and the Sigmagas hit each other at 1920 GMT. There were no reported injuries and both vessels had been towed back to port. However, 60 tonnes of bunker fuel oil had been spilt in the collision.


Bomb Threat Cut Lithuania LNG Terminal Output

Gas supply from Lithuania's liquefied natural gas (LNG) import terminal was interrupted on Wednesday due to a bomb threat that later turned out to be a hoax, the terminal's operator Klaipedos Nafta said on Wednesday. The terminal is now preparing to restart, a spokeswoman said. The floating terminal, leased from Norway's Hoegh LNG , was opened last year and received the first commercial LNG cargo from Norway in late December.


Bosphorus Strait Traffic Suspended as Boat Sinks, At Least 24 Dead

Rescuers pulled 24 bodies from the sea at the mouth of Istanbul's Bosphorus strait on Monday and rescued seven people after the sinking of a boat carrying migrants including children, the Turkish Coastguard Command said. Tens of thousands of migrants from Africa, the Middle East and beyond pack into often unsafe boats each year and thousands of them drown in their efforts to enter the European Union through coastal states


Inchcape Shipping Celebrates 25th Anniversary of ISS Greece

A reception hosted by Group CEO Claus Hyldager was the finale of the ISS annual senior management conference in Athens.

  Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has this month celebrated the 25th anniversary of its operations in Greece by hosting its annual senior management conference in Athens, close to the company’s Greek head office in the Port of Piraeus. Over 170 ISS employees, including the entire senior management team, congregated to enjoy three days of strategic development activity, events, networking and customer engagement.


Correction: Mississippi River Closed in Iowa after Barge Hits Bridge

(Corrects ownership of bridge to Canadian Pacific not Union Pacific, paragraph 4) The U.S. Coast Guard on Tuesday closed the Mississippi River at Sabula, Iowa, after a barge struck a railroad bridge, said Eric Washburn, bridge administrator for the agency's Eighth District Western Rivers Bridge Branch. The river was closed 1 mile (1.6 km) north and 1 mile south of the site of the accident as of about 3 p.m. CDT (2000 GMT), Washburn said. The barge was stuck in an open position


SembCorp Profits Boosted By Marine

Singapore's SembCorp Industries Ltd is expected to post up to a 60 percent rise in half-year net profit on Wednesday, boosted by its logistics, utility and marine businesses. Out of five analysts polled by Reuters, three forecast an interim net profit of between S$90 million ($51.2 million) and S$107 million, including exceptional gains, compared with S$67.27 million in the same period last year. The stock was at S$1


One dead, Dozens Missing as S.Korean Vessel Sinks

One person was killed and the fate of more than 50 others was unknown after a South Korean fishing vessel sank in the Bering Sea off the coast of Russia's far eastern Chukotka region officials said on Monday. "When the fish were being hauled in, the vessel was hit by a wave," said Artur Rets, the head of the maritime rescue service in Russia's far eastern port of Petropavlovsk-Kamchatsky, adding the South Korean vessel Oriong-501 had sunk at 0530 GMT.


Singapore Tanker Found Without Cargo near Indonesia

Malaysian Maritime Enforcement Agency

  A ship with 3,500 metric tonnes of marine fuel oil that was reported missing in the Malacca Strait off Malaysia on Saturday, has been found in Indonesian waters without its cargo, Malaysian Maritime Enforcement Agency said. The 10 crew members of the Singapore-registered tanker MT Joaquim, which had been on its way to Langkawi, Malaysia, from Tanjung Pinang, Indonesia, were released by a group of hijackers at 0055 GMT on Sunday


UK North Sea Workers Give "Overwhelming" Support for Strike

Trade unions Unite and GMB said members working offshore in Britain's North Sea oil and gas industry had shown overwhelming support for industrial action in a consultative ballot which closed at 1200 GMT on Friday. Unite's members covered by the Offshore Contractors' Agreement delivered a 93.5 percent vote in favour of proceeding to a strike ballot, increasing the likelihood of North Sea strike action for the first time in a generation, the union said.


North Korea Fires Missiles in Show of Force

Missiles flew far enough to reach any part of S.Korea. North Korea fired three ballistic missiles on Tuesday which flew between 500 and 600 km (300-360 miles) into the sea off its east coast, South Korea's military said, the latest in a series of provocative moves by the isolated country.


Fire at Brazil's Rumo Sugar Terminal Disrupts Operations

A fire at the Rumo sugar and grain terminal in Brazil's Santos port that started early Thursday restricted operations but caused no injuries, according to a spokesman for the company controlled by sugar and ethanol producer Cosan SA.  


Oil and Shipping Markets on Edge After South China Sea Ruling

File photo: Aurelie Moulin

Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing's claims across large swathes of the South China Sea, fuelling geopolitical tensions in the vital waterway.   A tribunal in The Hague, Netherlands


Energy Doldrums Force Boskalis to Cut Fleet, Staff

Photo courtesy of Boskalis

Dutch offshore engineer Boskalis said it was cutting 650 jobs worldwide and culling 24 vessels in response to what it called drastic changes in the company's outlook caused by low energy and commodity prices.   The job cuts, including 150 Dutch employees


US to Make Major Energy Announcement on Arctic Outer Shelf

The U.S. Department of Interior said it plans to make a major announcement on Thursday about energy resources on the U.S. Arctic Outer Continental Shelf.   Officials plan to discuss the latest announcement on a series of reforms related to the production of energy resources on public land


Italians Seen Bidding for Greek Railways, Russians Uncertain

Italy's state railway is expected to bid for its Greek counterpart TRAINOSE, but Russian Railways (RZD) is less likely to do so, sources with direct knowledge of the matter told Reuters on Tuesday.   Privatisations, a key part of Greece's international bailout agreements since 2010


Panama Opens Canal Extension Amid Risk, Cost Issues

File image: a Cruise Ship transits the Panama Canal.

Panama opened the long-delayed $5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping industry and a heated battle over billions in cost overruns. At 7.50 a.m. (1250 GMT)


Oil Ends Higher in Choppy Trade ahead of Britain's EU Vote

Oil prices closed 2 percent higher after a volatile session on Thursday, with investors less worried about prospects for the global economy after the last pre-vote opinion polls showed Britain was likely to remain in the European Union.  


Gulf of Mexico Storm heads for Mexico

A tropical depression over the Gulf of Mexico was expected to strengthen to a tropical storm before coming ashore in southeastern Mexico on Monday and bringing torrential rains that could cause life-threatening mudslides and flash floods.


Greek Workers Protest Port Selloff

Dozens of demonstrators blocked the entrance to Greece's privatisation agency offices in central Athens on Friday and planned more protests during the day against the sale of the country's two biggest ports. Privatisations have been a key plank of Greece's succession of bailouts since 2010 but


Intelsat Launches Intelsat 31

Launch of Intelsat 31 Photo Intelsat

Intelsat S.A. (NYSE: I), operator of the world’s first Globalized Network, powered by its leading satellite backbone, announced the successful launch of the Intelsat 31 satellite, which is hosting the DLA-2 payload for DIRECTV Latin America


Tropical Storm Colin moves into Atlantic

Strong winds and heavy rainfall were expected across the southeastern United States on Tuesday even as the center of Tropical Storm Colin was moving into the Atlantic Ocean. The storm was 90 miles (145 km) southwest of Charleston, South Carolina, at 4 a.m


Three French Oil Refineries Prepare for Restart, Oil Ports Still Shut

Preliminary work got underway on Monday to restart three of Total's French oil refineries stopped as part of nationwide strikes against planned changes to employment laws, but workers were still on strike at the country's two main oil ports.  


French Oil and Port Workers Vote to Begin New Strikes

Oil sector workers of French CGT and FO unions voted on Monday to begin a strike at Exxon Mobil's 240,000 barrels-per-day Port Jerome refinery in northern France, the unions said in a joint statement.   Workers at a port terminal in Le Havre, northern France


Oil prices up on Nigeria outages, Goldman Forecast

Unrest cuts Nigerian output to lowest in decades; U.S., China output also down sharply. Oil prices jumped over 2 percent on Monday to their highest since November 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of






 
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