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EU Bans Single-Hull Tankers

The Council of the European Union issued a Provisional Version of its 2499th Council meeting, which focused on transport issues. Under the plan, which must still be approved by the European Parliament, single-hull tankers over 5,000 dwt carrying heavy oils would be banned from EU ports. Single-hull tankers between 600 and 5,000 dwt carrying heavy oils would be banned from 2008. Pre-MARPOL single-hull tankers over 5,000 dwt would be banned from 2005. MARPOL single-hull tankers would be banned as from 2010. In press release issued by the EC, Vice-President Loyola de Palacio welcomed the action. The Council also considered proposals to increase sanctions for ship-source pollution, to establish minimum levels of training for seafarers, and to reinforce the civil liability regime and compensation arrangements in the event of oil pollution.


South Korea to Ban Single-Hulled Tankers after Spill

Reuters reported that South Korea will ban single-hulled tankers from traveling in its waters by 2011, earlier than the international regulation that calls for a ban from 2015, Seoul's maritime ministry said. A single-hulled tanker was involved in South Korea's worst oil spill last month, leaking around 10,500 tons of crude oil after a sea-bound crane mounted on a barge punched holes in the tanker's hull. As of January


Commission Urged to Mandate Marine

AMRIE (The Alliance of Maritime Regional Interests in Europe) will today present a series of recommendations aimed at improving levels of oil tanker safety in response to recent Commission proposals on the safety of the seaborne oil trade. The AMRIE Paper calls on the Commission to lead the way in introducing requirements for Black Boxes to be fitted in ALL existing cargo ships, going beyond the IMO (International Maritime Organisation) suggestion of new cargo ships only


Steamship Reports First Nine-Months Results

A/S Steamship Co TORM (TORM), a shipping company specializing in the worldwide commercial operation of a fleet of tankers and bulk carriers, reported its results for the first nine months of 2003. Net profit for the third quarter 2003 was DKK 232 million ($35 million), including an unrealized gain on the Company's investment in Dampskibsselskabet "NORDEN" A/S; and net profit for the first nine months of 2003 was DKK 468 million ($70 million), including an unrealized gain on the NORDEN shares


Single-hull Tankers Banned from October 21

The Regulation banning single-hull oil tankers from European ports has been published in the Official Journal(1) and entered into force October 21, 2003. From that date single-hull oil tankers may not be used to carry heavy grades of oil to or from EU ports. In addition, the timetable for the phasing-out of such tankers has been speeded up, and oil tankers more than 23 years old, as the Erika and the Prestige were, are banned from EU ports immediately


S. Korea Refiner Steps Up Single Hull Ban

South Korea's GS Caltex will reportedly ban crude shipments on single-hulled oil tankers from next year, according to a Reuters report, well ahead of international laws that timetable their phase out. The move is significant in Asia, particularly if others follow suit. Pending the actions of others, the move could have a ripple effect on the shipbuilding industry and the need for double hull tankers. The industry is currently in the midst of a record orderbook


IBIA Warns on EU Tanker Proposals

THE International Bunker Industry Association (IBIA) says that proposals by the European Commission for a EU ban on single hull tankers may inadvertently have a major affect on bunkering operations. Ian Adams, secretary general of IBIA, says, "The European Commission has proposed a new regulation amending regulation 417/2002 which bans entry into EU ports, offshore terminals or anchorage areas under the jurisdiction of a


Amended IMO Regulations Positive for Teekay

The International Maritime Organization (IMO) has announced stricter regulations governing the tanker industry on a worldwide basis. The IMO regulations, scheduled to become effective April 5, 2005, will accelerate the mandatory phase-out of single-hull tankers as well as impose a more rigorous inspection regime for older tankers. The regulations will ban the oldest single-hull tankers, representing approximately 12 percent of the current world tanker fleet


Single-Hull Numbers Fall to 7% of Fleet

According to a June 7 report from Emirates Business 24/7, even as the UAE gears up to ban all single-hull tankers by the end of the year, their number has decreased drastically while demand from countries with inland transportation has increased. The number of single-hulls in the market has dropped to almost seven percent of the total fleet and 2010 would be the right time to scrap the ships, according to a recent report published by McQuilling Services.


Ending US Oil Export Ban Would Not Raise Gasoline Prices - Study

Ending a 40-year old ban on U.S. crude oil exports would not raise domestic gasoline prices because it would put more petroleum onto global markets, where fuel prices are primarily set, a study by The Aspen Institute said on Tuesday. As the U.S. oil boom of the last six years builds an excess of light crude along the Gulf Coast refining hub, calls have risen for Congress and the Obama administration to relax the ban on shipments to global customers.


UN Secretary-General Visits IMO

UN Secretary-General Ban Ki-moon (right) met IMO Secretary-General Kitack Lim (Photo: IMO)

On February 3, United Nations (UN) Secretary-General Ban Ki-moon visited the headquarters of the International Maritime Organization (IMO), the United Nations specialized agency with responsibility for ship safety, maritime security and prevention of pollution from ships.   


Canada Says Lifting Some Sanctions Against Iran

The Canadian government said on Friday it was lifting some sanctions against Iran, including the broad ban on financial services, imports and exports, making Canadian companies more competitive against rivals doing business in Iran.  


Noncompliant Cargo Ship Banned from Australia

The 86-meter general cargo ship Noah Satu has been prohibited from entering or using any Australian ports for the second time in less than 12 months, following another round of safety, environmental and regulatory infractions. The direction was issued by the Australian Maritime Safety Authority


Saudi Arabia, Bahrain Ban Iranian Ships From Ports

Saudi Arabia and Bahrain have banned Iranian-flagged vessels from entering their waters and imposed other shipping restrictions, according to ship insurers citing local reports, potentially escalating tensions between Tehran and Riyadh.  


R-22 Phase-out Presents Dangers and Expense -WSS

UnitorUnicoolRange (Photo: WSS)

The shipping industry is facing price, supply and safety risks in the run-up to the global ban on R-22 (chlorodifluoromethane or HCFC) refrigerant, warns Wilhelmsen Ships Service, a global provider of services and products. The colorless gas


House Passes Bill Axing Oil Export Ban, Obama Veto Looms

The U.S. House of Representatives passed a wide-ranging bill on energy reforms on Thursday that includes a measure to repeal the 40-year-old oil export ban, but the legislation did not get enough votes to overturn a potential veto by President Barack Obama.  


White House Opposes Moves to End Crude Oil Exports Ban

The White House said on Tuesday that it continues to oppose legislation that would lift a longstanding ban on U.S. crude oil exports, and urged Republicans to focus on funding the government without attaching unrelated measures ahead of a looming deadline.


Democrats Steadfast in Demands for Axing US Oil Export Ban

U.S. Senate Democrats on Tuesday laid out a list of demands they seek before making any deal to end the 40-year-old ban on crude oil exports in the wide-ranging government funding bill.   With oil prices falling to nearly seven-year lows of less than $40 a barrel


NOIA Praises Effort to Lift Crude Oil Export Ban

NOIA applauds Congressional action to lift ban on crude oil export, urges progress on proposed offshore well control rule   Today, Congress passed the Omnibus Appropriations bill, H.R. 2029, which includes a provision lifting the existing U.S. crude oil export ban. U.S


Oil Firms Rush to Exploit End of US Crude Export Ban

U.S. energy group Enterprise and oil trader Vitol raced to exploit the end of a 40-year ban on most U.S. crude exports, the first of many firms eager to "stress test" last week's historic opening.   Despite a sudden change in global oil market conditions that many oil traders say


U.S. Crude Up on Supply, Export Variables

U.S. crude prices up 9 pct this week; at slight premium over Brent for most of day. U.S. crude prices rose for a fourth straight session on Thursday, headed for a 9 percent weekly gain in the lead-up to Christmas as the market tightened on the back of falling supplies and looming exports.


US Light Oil Imports Resurge to Highest in Years

U.S. imports of light crude from across the Atlantic are set to jump this month to their highest in more than two years, according to market sources and trade data that indicate global oil flows are being scrambled by the lowest prices in years and the end of the 1970s era U.S. export ban.


U.S. Light Crude Imports Surge Again

U.S. imports of light crude from across the Atlantic are set to jump this month to their highest in more than two years, according to market sources and trade data that indicate global oil flows are being scrambled by the lowest prices in years and the end of the 1970s era U.S. export ban.


Tourist Boat Sinks off Nicaraguan Island Killing 13 Costa Ricans

Admiral Marvin Elias Rodriguez Corrales  Courtesy Nicaragua Navy

Thirteen people died on Saturday after a small tourist boat sank amid strong winds off a remote island in the Caribbean sea, Nicaraguan government spokeswoman Rosario Murillo said. The victims, all from Costa Rica, died when the "Caribbean Queen" sank near Little Corn Island


Green Groups Urge Arctic Council Urged to Ban HFO

Supply ship. Photo: WWF-Canada

 Environmental groups want the eight countries that ring the North Pole to take a stand on banning the use of heavy fuel oil (HFO), considered one of the greatest threats to the Arctic ecosystem, reports  Canadian Press.   The use of heavy fuel oil by shipping in the Arctic could






 
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