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
Scientists at the U.S. Naval Research Laboratory (NRL) along with Mercury Continuity (MC) have demonstrated the Tactical Reachback Extended Communications (TREC) system in the port of Miami. The NRL-developed communications technology
Lifting Gear Hire (LGH) announced a new addition to its rental fleet: the HT500, a jack and slide system manufactured by Hydra-Slide. LGH will offer the 500-ton capacity hydraulically powered Hydra-Slide Heavy Track Skidding System (HT500) as it has been shown to be one of the most
In a joint press release the Australian Minister for Finance Senator Mathias Cormann and Minister for Defence David Johnston stated. that the shipbuilding expertise will to be inserted into the Air Warfare Destroyer program.
The scientists of Siberian Federal University with the support of Rosneft found a missing population of Evenki wild reindeer. It became possible through implementation of the “Evenki reindeer” project, realized jointly with East-Siberian Oil and Gas Company (Rosneft’s
Hoover Container Solutions has entered into an agreement to partner with First Reserve, the largest global private equity firm exclusively focused on energy. Financial terms of the transaction were not disclosed. One of the global industry leaders in oilfield fluids container solutions
The second phase of an ambitious project to gather valuable information on ocean processes and marine life using a fleet of innovative marine robots has just reached its conclusion. Co-ordinated by the National Oceanography Centre (NOC)
More so than many other fields of business, the maritime industry is focused on cost, which in turn gives the appearance of being conservative towards technology. Of course, we have magnificently technical ships operating with equipment that wouldn’t look out of place in a NASA lab
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