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.
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
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.
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
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
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.
American Commercial Lines Inc. (ACL) announced that its Transportation Services Division has been named as one of 42 new members of the United States Environmental Protection Agency's (EPA) National Environmental Performance Track program. Membership is awarded to private and public facilities that have a strong record of environmental compliance, set three-year goals for continuous improvements in environmental performance beyond their legal requirements
1863 - Confederate David seriously damages USS New Ironsides with a spar torpedo off Charleston, South Carolina. 1913 - Trial of OWL, Navy's first amphibian flying boat 1957 - Minitrack, a satellite tracking net developed by the Naval Research Laboratory, becomes operational. This network, with stations from Maine to Chile, tracked the Vangard satellite. (Source: Navy News Service)
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
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 Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped for a 14th straight session on Friday, driven mainly by falling capesize rates. The overall index, which factors in the average daily earnings of capesize, panamax
Iran's crude oil exports have surged to their highest in 20 months, far exceeding a 1 million barrel-per-day limit set by the West under an interim deal on curbing Tehran's nuclear program. The International Energy Agency's monthly report revised February's global crude imports from Iran
North Sea Forties crude differentials firmed on Tuesday as traders eyed two potential VLCC shipments to Asia, though gains were capped as the first cargo of Libyan crude was set to load since a deal with rebels to reopen ports. Traders have been watching the progress of two VLCCs - the BW Utah
North Sea Forties crude differentials were unchanged on Wednesday in very quiet pre-Easter trade, with dealers still watching two potential VLCC shipments to Asia and the stuttering return of Libyan oil supplies. A strong early rally in flat-price Brent futures also kept traders on the sidelines
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a ninth straight session on Friday on lower vessel activity. The overall index, which factors in the average daily earnings of capesize, panamax
The United States on Friday dismissed suggestions that Iran was exporting much more oil than it is allowed to sell under a preliminary nuclear deal with world powers and predicted that aggregate Iranian oil sales would meet targets set for Tehran.
Maritime tracking AIS facility MarineTraffic has opened up its satellite-AIS service in the search area relevant to the missing MH370 airliner. Following requests from numerous agencies and individuals, this usually paid-for service has now been made available to any user free of charge.
NCS Survey, an Acteon company, has appointed Simon Goldsworthy as business development manager in its Aberdeen office. Goldsworthy will be responsible for building relationships with existing and potential clients and growing NCS Survey’s presence in the offshore industry globally
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a tenth straight session on Monday as vessel rates continued to fall. The overall index, which factors in the average daily earnings of capesize, panamax
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for an 11th straight session on Tuesday, mainly driven by a heavy drop in capesize vessel rates. The overall index, which factors in the average daily earnings of capesize, panamax
The Baltic Exchange main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday for a 12th straight session on weak rates for capesize vessels. The overall index, which factors in the average daily earnings of capesize, panamax
U.S. retail and institutional investors pulled cash from broad commodity exchange-traded funds for a fifth straight quarter even as coffee, natural gas and hogs prices had their best run in years, data from Thomson Reuters Lipper showed on Wednesday.
Company signs agreement to manage a shipyard in Quanzhou, China. Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly owned subsidiary, FELS Offshore Pte Ltd, has signed a management services agreement with Titan Petrochemicals Group Limited (Titan) - a company in which
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday for a 13th straight session as vessel rates continued to soften. The overall index, which factors in the average daily earnings of capesize, panamax
North Sea Forties crude differentials edged higher in quiet trade on Thursday as dealers eyed a potential VLCC shipment to South Korea and lower supplies next month. The BW Utah VLCC has docked near to the Hound Point loading terminal at the mouth of the Firth of Forth, ship tracking data showed