Ninety North Korean vessels were granted certificates to enter Japanese ports in the eight months since a new law that bans entry of any ship without insurance took effect, according to a Daily Yomiuri report. The law on liability for oil pollution damage, which came into force on March 1, requires vessels of 100 tons or larger to be insured before docking in Japan. It had been viewed as a de facto economic sanction, as it was believed that most North Korean vessels would not fulfill the law's requirements and therefore would be unable to dock in Japan. But according to the report, some Liberal Democratic Party members recently said more North Korean vessels had insurance coverage than they had expected. Source: Daily Yomiuri
Ukraine's Danube Shipping Company lost $110 million due to military action in Yugoslavia last year that destroyed bridges and blocked traffic along the Danube, transport minister Leonid Kostyuchenko said. NATO launched air strikes last year on Yugoslavia, which it accused of ethnic cleansing in the province of Kosovo, densely populated by ethnic Albanians. Kostyuchenko said collapsed bridges had blocked 63 Ukrainian ships on upper stretches of the Danube
Pouring waste oil into water or polluting the air would become criminal offences across the European Union under proposals put forward by the EU's executive body on Tuesday. The offences are already outlawed under EU law but, in many cases, offenders currently face only civil sanctions or must pay compensation. Legislation proposed by the European Commission would ensure that the most serious breaches of environmental law would face criminal penalties when committed intentionally or due to
Oil prices rose on Wednesday after fresh industry data showed cold weather had eaten into heating oil inventories in the United States. The stocks figures rekindled concerns of inadequate winter heating fuel stocks as a bitter Arctic weather front wreaked havoc in the U.S. Midwest and began sweeping northeastwards. Prices showed little reaction to signs that Iraq was returning to the world crude market and had started loading an Indian-chartered tanker at the port of Mina al-Bakr on the Gulf
Iraqi authorities told Kuwait on Friday it was "playing with fire" in seizing five vessels loaded with goods shipped from Iraq in violation of United Nations sanctions. An Iraqi Culture and Information Ministry spokesman, said the seizure was a foolish act that again confirmed Kuwait was acting as an Israeli-U.S. police force in the Gulf. "The Kuwaiti regime's repeated hindering of commercial navigation in the Gulf reveals that the Kuwaiti rulers..
Kuwait seized an Iraqi oil tanker for reportedly trying to smuggle 650 tons of fuel to the United Arab Emirates in violation of international sanctions. The official Kuwait News Agency (KUNA) quoted an Interior Ministry statement as saying that Kuwaiti patrol boats intercepted the tanker at dawn on Saturday (June 24) inside Kuwaiti territorial waters while sailing from Iraq's Umm Qasr port to the UAE. It said that 11 crew members were on board the tanker, which it said was carrying diesel fuel
The Organization for Economic Cooperation and Development (OECD) issued a report entitled - Security in Maritime Transport: Risk Factors and Economic Impacts
Harrington Hoists, Inc. has expanded into South America under the Kito brand. In doing so, Harrington has launched the newly created Kito Americas; a Kito brand to support these markets. “This is an exciting time for Harrington” commented Carlo Lonardi, VP Sales & Marketing, “for the first time Kito Corporation has sanctioned our expansion into the South American marketplace
The Rt Hon Edward Davey MP, Secretary of State for Energy and Climate Change, joined GDF SUEZ E&P U.K. in Aberdeen yesterday to witness the signing of another major contract with the U.K. supply chain for the Cygnus project. The deal with Burntisland Fabrication Ltd (BiFab) to construct the accommodation platform of the GDF SUEZ operated Cygnus development is one of several partnerships helping to deliver more investment and new jobs for U.K. companies.
Aberdeen-based project management and development engineering specialist EPC Offshore has signed an agreement with Total E&P UK Ltd. (TEP UK) to provide support services at its natural gas and condensate discovery in the Atlantic. Edradour, located in Block 206/4 of the U.K. Continental Shelf, is expected to start pumping in 2016, will be linked to the $3.3 billion Laggan/Tormore development west of the Shetland Islands.
In its third quarter 2013 financial report, Seadrill states consolidated revenues were US$1,280 million compared to $1,268 million in the second quarter of 2013, and operating profit for the quarter was US$471 million compared to US$507 million in the preceding quarter.
Iran’s pledge to restrict nuclear work in return for loosened economic sanctions may have a limited effect on crude prices, report Bloomberg, citing analysts who regarded a 2.7 percent slump in Brent as a knee-jerk reaction. The six-month agreement
Officials with the World Trade Center Mississippi River Alliance (WTC MSRA) and the Big River Coalition (BRC) have signed a Memorandum of Understanding outlining a cooperative effort to preserve and promote economic growth on the Mississippi River and Tributaries (MRT).
Port Officials and Wallenius Wilhelmsen Logistics (WWL), on the eve of WWL’s 26th anniversary at the Port, executed a fifth modification of its 1991 contract extending its agreement for an additional five years through December 31, 2018.
Mock-ups, practice and repetition are just some of the key elements of how AquaTerra’s Rope Access team prepare for any major job where there is the requirement to enter a potentially hazardous environment and the latest contract win for work within the concrete leg of an offshore platform
The Canadian Ferry Operators Association (CFOA) voiced its support for the agreement in principle on a comprehensive trade agreement between Canada and the European Union. Under the Comprehensive Economic and Trade Agreement (CETA), the current Canadian tariff of 25% on ferries shorter than
The Cleveland-Europe Express Ocean Freight Service will be the only scheduled international container service on the Great Lakes when it kicks off in April 2014. “Currently, local manufacturers use East Coast ports to ship goods to Europe
The Chinese mainland and Taiwan adopted 19 joint proposals at the Ninth Cross-Strait Economic, Trade and Culture Forum, including one encouraging the island's cooperation with the newly built Shanghai Free Trade Zone (FTZ) reports China's official news agency, Xinhua.
Tschudi Shipping Co., one of Norway's oldest shipping firms, will begin exploring the possibility of establishing a transshipment port in western Alaska, Lt. Governor Mead Treadwell said today. Treadwell, who leads the state's work with the eight-nation Arctic Council
Work is now well underway to build a new North Sea headquarters in Aberdeen for the U.K. independent oil producer EnQuest. Aberdeen’s Lord Provost yesterday, Tuesday, November 12, gave his seal of approval to what is set to become a new landmark building in the city.
The U.K. Department of Energy and Climate Change (DECC) issued a news release stating that the interim report on the economic and energy security opportunities still available from the U.K.’s offshore oil and gas resources has been completed
The Annual Tripartite meeting between shipowners, shipbuilders and classification societies was held in Tokyo, October 17-18, 2013. The meeting unanimously welcomed the IMO theme for 2013 of 'a sustainable maritime transport system' and its recognition of the three pillars of sustainability;
Kvichak Marine Industries, Inc. was recently awarded a contract by Norton Sound Economic Development Corporation (NSEDC) to build an all-aluminum 66’ Shallow Draft Tender to be used for multiple fisheries in and around Norton Sound, Ak.
A global conference for shipbuilding corporate management gathered 74 top executives of the major shipyards from Japan, Europe, China, Korea and the U.S. (JECKU) to exchange views on global economic development, supply and demand prospects as well as important technological and regulatory
Officials with the World Trade Center Mississippi River Alliance (WTC MSRA) and the Big River Coalition (BRC) have signed a Memorandum of Understanding outlining a cooperative effort to preserve and promote economic growth on the Mississippi River and Tributaries (MRT)