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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.


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


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.


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


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.


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


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.


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.


Port Workers to Strike on Tuesday at Argentine Grains Hub

  Port workers in Argentina's Rosario grains export hub will kick off a strike on Tuesday to demand salary improvements and union rights, the local port chamber said on Saturday. The strike, which is set to start at midnight local time (0300 GMT) on Tuesday "will take place in such a manner as to interrupt all activities related to the agriculture exporting companies in the jurisdiction," said the San Lorenzo branch of the CGT labor federation.


Malaysian Navy Negotiating with Tanker Hijackers

Orkim Harmony located with crew, cargo safe; Malaysian navy negotiating with pirates onboard. A Malaysian naval vessel has made contact with the pirates onboard hijacked tanker Orkim Harmony and is trying to persuade them to surrender, a maritime official said on Thursday.


Argentine Grain Worker Union in Wage Talks

Port workers who run Argentina's Rosario grains hub met on Monday with export companies for wage talks aimed at avoiding an open-ended strike that labor leaders had announced for Tuesday, a union official said. A strike at Rosario would slow soy and corn exports in the middle of Argentina's


Shell Green Lights GoM Field After Cost Cuts

Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices.   The decision to pour billions of dollars into the Appomattox project comes as


Striking Ferry Workers to Ease Blockade of Calais Port

Striking ferry workers blocking access to Calais port in northern France agreed on Wednesday to let some boats through, partly lifting a blockade in its third day.   Workers at ferry service MyFerryLink are trying to prevent job cuts after their company was sold to a Danish company


Tanker Attacked in Mideast Gulf Reaches UAE Port Safely

Singapore-flagged oil products tanker Alpine Eternity has reached the port of Jebel Ali in the United Arab Emirates safely after coming under attack in the Gulf earlier, the vessel's manager said on Thursday.   A spokesman for the vessel's Norwegian manager Transpetrol said the vessel was


Iran Navy Fires at Tanker as Gulf Tensions Rise

Iranian naval vessels fired shots at a Singapore-flagged tanker in the Gulf on Thursday in what appeared to be the country's latest attempt to settle a legal dispute by force with a passing commercial vessel, U.S. officials said.   Around noon (0800 GMT) in the Gulf


No Word on Hundreds of Migrants Pushed Back to Sea

A migrant boat pushed back to sea by Southeast Asian nations over the weekend has not been heard from for two days, raising concerns about what has happened to the 300 people on board, rights groups said on Monday.   The boat was pushed backwards and forward between Malaysian and Thai


Iran Ship to Red Sea Could spark Yemen Showdown

An Iranian cargo ship heading to Yemen is expected to cross into the Red Sea on Thursday, state news agency IRNA reported, amid fears of a showdown with Saudi-led forces enforcing restrictions on Yemeni ports. The approaching vessel threatens to broaden a regional confrontation over Yemen --


Ferry Firm DFDS Looks to Expand

Danish ferry and transportation firm DFDS is on the takeover trail, its chief executive said, after reporting its highest first-quarter operating profit on record and turning around its loss-making English Channel route. Earnings before interest, taxes


Two Hurt in Petrobras Platform Accident; Output Halted

Brazil's state-led oil company Petrobras was forced to stop output at its P-56 offshore oil production ship on Wednesday in the Marlim Sul field after an explosion in an electrical panel started a fire and injured two workers, union officials said.  


Golden Ocean: Worst Bulk Market Since 1980s

Dry bulk shipping firm Golden Ocean reported first-quarter earnings below forecasts on Thursday and said its market had gone from "bad to worse" with market conditions not seen in three decades. Golden Ocean, controlled by shipping tycoon John Fredriksen


Frontline Beats Q1 Forecasts, Inks Ship Finance Deal

Crude oil tanker firm Frontline posted first-quarter operating profit above expectations on Friday and said it had renegotiated its relationship with chartering firm Ship Finance to strengthen its balance sheet. Once the world's biggest crude tanker firm


US Oil Contango Vanishing as Supply Glut Shifts Abroad

The U.S. oil market is on the brink of returning to a more bullish footing known as backwardation for the first time in six months, with the discount for prompt supplies vanishing as a domestic supply glut eases.   The discount for prompt U.S


China: No Cover-Up in Ship Sinking Probe

President calls meeting of top body to discuss disaster; rescue operation to start righting ship. China has pledged that there would be "no cover-up" of an investigation into the sinking of a cruise ship on the Yangtze River, which has left 75 people dead and over 370 missing


Oil Slips on OPEC Output, China Slowdown

China's crude imports down 23 pct in May; OPEC oil production likely to continue to exceed demand. Oil prices slipped on Monday on news of a slide in China's fuel imports and as markets digested OPEC's decision to maintain its production target






 
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