Marine link
 

GMT

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.


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.


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.


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.


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.


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 main harvesting and shipping season. Talks are complicated by Argentina's inflation rate, estimated by private economists at more than 25 percent.


NOL Shares Surge, 1999 Results Seen Strong

Shipping and logistics group Neptune Orient Lines (NOL), which lost more than half its market capitalization since the start of the year, saw a staggering 26 million shares traded on Tuesday. By 0900 GMT, NOL ended at S$1.24 ($.72), up 19 cents, amounting to a market capitalization of about S$1.4 billion ($814.5 million). Fueling the shares of the national shipper were persistent buy calls by major research houses, even after NOL's share price collapsed to S$1 ($.58) by mid-March from S$2


3 Die As Ship Carrying Marble Sinks Off Italy

A cargo ship carrying 150 tons of marble sank off the Italian coast on Friday killing three people and leaving another missing, Reuters reported. The Nautika 64 capsized about 64 km (40 miles) from the Adriatic port of Ancona when its cargo shifted. Port authorities said they received a "May Day" call for help at 7:45 a.m. (0645 GMT) and sent boats and a helicopter to the ship, which was sailing under the Croatian flag.


Maersk Mulls Acquisitions after Surprising Profit

File Image: a Maersk containership alongside (Maersk)

Fragmented sector chasing alliances to cut costs; Maersk has plenty of cash for deals - CEO. A.P. Moller-Maersk returned to profit at its main container shipping business in the first quarter, putting the cash rich company in a strong position as the struggling industry consolidates.


UN Blacklists India-flagged Ship Carrying Eastern Libya Oil

The United Nations Security Council Libya sanctions committee blacklisted on Wednesday an Indian-flagged tanker carrying crude oil shipped by the rival eastern Libya government, said diplomats, which would prevent it from entering any ports.  


Crude Prices up 3% on Gasoline Rally, Weak Dollar

Crude oil prices rose about 3 percent on Tuesday on the back of a rally in the gasoline market and as a tumbling dollar boosted commodities denominated in the greenback after bets the Federal Reserve will hold U.S. interest rates where they are.  


GMT Mobile Apps for Sailors Released

Icon for the Navy Records Management GMT mobile app. Image USN.jpg

Two new mobile apps designed for Sailors to complete required Navy General Military Training (GMT) on Records Management (RM) and Privacy and Personally Identifiable Information (PII) Awareness became available April 19. PII and RM are annual GMT Standardized Core Training (SCT) requirements


Italians Go to polls for Drilling Referendum

Prime Minister Matteo Renzi Photo MatteoRenzi website

Italy went to the polls on Sunday for a referendum on off-shore oil and gas drilling rights, a complex issue that the government hopes voters will shun. For the ballot to be valid, more than 50 percent of the Italian electorate must vote and Prime Minister Matteo Renzi has urged people to stay


Pirates Kidnap Six Crew from Tanker off Nigeria

Six Turkish members of a cargo ship's crew have been kidnapped by pirates off the coast of Nigeria, a spokesman for the Nigerian navy said on Monday.   The crew members of the merchant tanker M/T Puli were abducted some 90 miles from the coast at around 1:30 a.m


UN Deal Sends More Migrants to Turkey from Greece

Two ferries carrying more than 120 migrants returned to Turkey from the Greek island of Lesbos on Friday, in the second round of arrivals under an EU deal with Ankara to stem mass migration to Europe across the Aegean Sea. The accord, which came into force on Monday


Oil Prices Rise in Thin Asian Trade after Break

Oil prices rose in early Asian trading on Monday after a three-day break, but volumes were tiny as a number of markets remain on holiday for Easter.   U.S. crude's front-month contract was up 37 cents at 39.83 a barrel at 0055 GMT.  


Valemax Mastermind Roger Agnelli Dies in a Plane Crash

Roger Agnelli. Photo: Vale SA

 The man responsible for giving the dry bulk industry the valemax died on Sunday  in a Sao Paulo plane crash.   Roger Agnelli, the former head of the Brazilian mining giant Vale, has died after his private jet crashed into a residential building in Sao Paulo, local media reported


Seadrill Shares Surge, Squeezing Shorts

West Auriga. (Photo courtesy of Seadrill)

Shares have risen 8 days in a row; CEO says short-sellers are beginning to panic. Shares in Norwegian rig firm Seadrill shot up by a third on Monday and its chief executive said short-sellers were starting to panic at the prospect its refinancing plan would succeed.


Crude Prices Firm Ahead of US Data

U.S. payroll, jobs data may support oil prices; demand outlook improving. Crude oil futures edged up on Friday, building on the week's gains, as traders and analysts eyed U.S. jobs data which could give further momentum to rising prices.


Offshore Supply Ship Market Set for Consolidation

Photo: Farstad Shipping

Weak market conditions seen driving consolidation; owners prepare for longer downturn; bright spot for anchor handlers in the past months   A glut of offshore supply vessels and falling demand from oil firms will trigger a restructuring of the still-fragmented industry


Oil Set for Weekly Rise on Gasoline Demand

Traders shut short positions ahead of Brent expiry. Crude oil prices reversed early losses on Friday, with Brent on track for its first weekly gain in a month, as strong U.S. gasoline demand and hopes of OPEC action outweighed concerns over fundamental oversupply.


US Exports First Shale Gas

The United States has exported its first liquefied natural gas (LNG) cargo from the lower 48 states, after a tanker set sail from Cheniere Energy's Sabine Pass export terminal in Louisiana.   The Asia Vision LNG tanker left the dock at the Sabine Pass terminal at 0139 GMT (7.39 p.m


Saudi's Rule Out Production Cuts, Oil Drops 4%

Oil prices fell 4 percent on Tuesday after Saudi Oil Minister Ali Al-Naimi ruled out any production cuts, restating the kingdom's rationale for maintaining output was that demand would pick up excess crude that has crushed prices over the past 20 months.  






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright