Oil exports from Iran, OPEC’s second-largest producer, may drop because the nation’s tanker fleet is too small to carry all its cargoes, as European Union sanctions cause international ship owners to avoid the country. NITC owns 39 vessels, able to carry about 70 million barrels of crude, according to its website. The fleet would be insufficient to deliver the nation’s monthly exports of about 65 million barrels because journey durations can be as long as two months, said Dag Kilen, an analyst at Fearnley Consultants A/S, a unit of Norway’s second-largest shipbroker. Sanctions already cut shipments by 300,000 to 400,000 barrels a day, Barclays Capital said on March 7. Frontline Ltd., Overseas Shipholding Group Inc. and owners of at least 100 supertankers said a month ago that they would no longer call at Iran because of an insurance ban, announced January 23 by the European Union as part of a wider sanctions package. The prohibition, due to take full effect July 1, extends to 95 percent of the supertanker fleet, because companies providing coverage must follow EU law. “The fleet itself is not big enough to ship all the oil they are normally exporting,” Kilen said by phone March 9. “I would expect to see a decline in exports as a consequence of Iran not having a national fleet big enough to export the normal volume.” NITC commercial director Habibolah Seyedan declined to comment by phone from Tehran.
A tanker delivered a cargo of disputed crude oil from Iraqi Kurdistan's new pipeline for the first time on Friday in Israel, despite threats by Baghdad to take legal action against any buyer. The SCF Altai tanker arrived at Israel's Ashkelon port early on Friday morning, ship tracking and industry sources said. By the evening, the tanker began unloading the Kurdish oil, a source at the port said.
Barely a day after Libya's National Oil Corp (NOC) lifted force majeure at Hariga port, two refiners are already preparing to pick up Sarir crude from storage over the next two weeks, trading and shipping sources said on Friday. The Aegean Dignity is on subjects - meaning final arrangements are being made- to load crude at Hariga around April 15-16, sources said. Reuters AIS Live ship tracking showed the tanker with orders to sail to Libya.
Iridium Satellite LLC announced the launch of a new satellite fax service that will permit subscribers to send and receive faxes from any location in the world directly to and from any standard fax machine, as well as connect WiFi networks to Iridium. The Iridium fax service supports inbound and outbound faxes through the uniHub™ interface, which has been developed by On-Go, Inc. of Bethesda, Maryland, USA. UniHub is a plug-and-play solution that extends the functionality of Iridium
Cubic Global Tracking Solutions Supports DoD With Generation II Satellite Enabled Tracking & Intrusion Detection Devices. Container Tracking & Monitoring Solution Provides Logistics Intelligence and Intrusion Detection. Cubic Global Tracking Solutions, the asset visibility solutions provider of Cubic Corporation (NYSE: CUB), is tracking and monitoring containers for the U.S. Department of Defense (DoD) with Generation II Satellite Enabled Tracking & Intrusion
Broadband Antenna Tracking Systems, Inc. (BATS) has successfully demonstrated an industry-first ship-to-ship wireless broadband communications tracking system integrating its BTS-2500 units with two wireless broadband radios. The demonstration was conducted on the Sea of Marmara for a customer that is seeking a cost-effective communications tracking system with high bandwidth and low latency that can cover great distances for its fleet of ships
Ship-to-shore communications enhanced by BATS Wireless' new antenna automatic tracking system BATS Wireless, one of the world's leading innovators of advanced wireless wide area network (WWAN) provisioning systems, announce the next generation of its automated tracking and stabilization platforms. The enhanced AMATS and BTS product suites, which added multi-gigabit connectivity, and 360° continuous tracking capabilities for heavy payloads – now provide continuous
The new Amphibious Marsh Buggy from LongReachHighReach (LRHR) boasts features such as two hydraulic motors on each set of tracks, expandable pontoons and a unique design allowing easy breakdown and reassembly in a matter of hours. The model is specifically designed to maneuver and go through swampy areas with soft underfoot terrain where traditional excavators cannot operate. LRHR's Amphib MB is extremely productive in dredging, erosion control and erosion prevention
KVH introduced the smallest, in-motion satellite television system providing the marine mobile user with the most reliable identification and tracking of Digital Video Broadcasting (DVB) satellites. TracVision G4 is the first single antenna system formulated to assess a range of DVB compatible satellites and transponders. The product can then accurately identify, acquire and maintain tracking of the one selected by a mobile user.
The Innovative Trade Network (ITN), a BV Solutions Group (BVSG)-led team of specialists from 10 companies announced the arrival of the first three Operation Safe Commerce (OSC) intermodal shipping containers at warehouse facilities in Seattle, Wash. "The first three shipping containers left Germany on March 3, 2004, and have traveled a total of 11,500 miles by truck, ocean carrier and rail in their journey to the United States," said Lowell Thurman, BVSG senior
Mitsubishi Heavy Industries, Ltd. (MHI) yesterday concluded an agreement with Miyaji Engineering Group, Inc. (MEG) whereby, effective April 1, 2015, MHI will transfer a 51% ownership stake in Mitsubishi Heavy Industries Bridge & Steel Structures Engineering Co., Ltd
A new U.S. Geological Survey (USGS) report describes how advanced optical sensor technology is being used in the Mississippi River basin to accurately track the nitrate pulse to the Gulf of Mexico. Excessive springtime nitrate runoff from agricultural land and other sources in the Mississippi
Oil tanker Carabobo, carrying Venezuela's first importation of crude oil, arrived late on Saturday at the Jose port, where it is scheduled to unload up to 2 million barrels of Algerian Saharan Blend to be used as a diluent for Venezuela's extra heavy crude
UK exploration well 30/1f-13 and sidetrack 30/1f-13Y have encountered hydrocarbons in the Marconi-Vorlich prospect. The find in Paleocene Sandstones has been flow tested at a maximum rate of 5,350 barrels of oil equivalent per day. RWE Dea is part of the consortium operated by GDF SUEZ.
Iridium Communications Inc. announced an agreement with Trimble that expands the company's use of satellite communications in its core Transportation and Logistics (T&L) solutions beyond the North American market. Under the agreement, Iridium will provide satellite Machine-to-Machine (M2M)
Rock Seven launched its next generation solution for tracking merchant and offshore vessels. With no annual contract and Pay As You Go use, RockFLEET is designed to simplify and reduce the cost of single vessel and entire fleet tracking, supporting shipowners to increase safety and efficiency
Trying to locate subsea power and communications cables has always been a difficult job. Regulations require cables be buried from several feet to several meters under the ocean bottom to prevent snagging by boat anchors and fishing trawls. The amount of overburden on a cable often means
The Hamburg Port Authority (HPA) will implement the new Port Railway IT system, transPORT rail, in the night of 27 to 28 September 2014. To keep disruption on the tracks to a minimum, the switchover will take place overnight. The new system is another milestone in the HPA’s
Runaway oil production could slow road traffic as drivers face longer delays to cross train tracks in many congested regions, a U.S. study released on Friday predicted. Oil, coal and grain shipments are taxing the national rail grid as the deliveries of those commodities are expected to
The United States National Ice Center (NIC) named three new icebergs after a previous iceberg B15T broke into four pieces. B15T remains, while the resultant icebergs are named B15Z, B15AA and B15AB. B15T is the largest surviving remnant of the largest ever recorded iceberg B15
Transas Marine introduced new software solutions for voyage planning and fleet management at SMM 2014 as a step towards becoming the forerunner in the development of e-Navigation technologies. Among new launches is Transas Navi-Planner 4000 on a touch screen display
SC-integrity, Inc. (LoJack SCI) and Contguard Ltd. announced a strategic alliance designed to provide their customers with security and real-time visibility of supply chain assets and cargo on a global basis. LoJack SCI will exclusively offer the Contguard CMU (Cargo Monitoring Unit) service
Statoil’s fast-track development projects are increasing the company’s and partners’ oil and gas production through a combination of standardised subsea development solutions and utilisation of infrastructure in a manner which helps extend the lifetime of existing fields
Kelvin Hughes is displaying its new combined camera and radar Single Mast Solution (SMS) at SMM 2014 in Hamburg from September 9-12. The company is also demonstrating the associated CxEye display software which provides intuitive command and control for the system.
Iraq said it filed a lawsuit against Greek shipping company Marine Management Services (MMS) for its role in the export of crude from the Kurdistan region, which Baghdad says is illegal. The case is the latest move by Baghdad to deter customers and thwart independent exports of crude from the