Latest Maritime News

EU Regs on Ship CO2 Reporting Complicates IMO Agreement

ICS Concerned that EU will Preempt IMO CO2 Negotiations.   The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed

World’s Largest Boxship is DNV GL classed

CSCL Globe, the world’s largest containership and the first of a series of five 19,100 TEU containerships ordered by China Shipping Container Lines (CSCL) in 2013,

Official Opening of Statoil’s Berlin Office

Statoil’s representative office in Berlin was officially opened on 27 November by marketing and trading senior vice president Rune Bjørnson. The opening of the

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

Rosneft to Buy Stake Total's Schwedt Refinery

Russian oil producer Rosneft has signed an agreement with France's Total to buy a 16.67 percent stake in the Schwedt refinery in Germany, Rosneft said in a statement on Friday.

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

BP Completes Azeri Oil Field Maintenance

British oil major BP has completed month-long maintenance work at one of its main oil fields in Azerbaijan, BP Azerbaijan said on Friday. "Planned maintenance

NATO Unconcerned by Russian Warships in English Channel

A squadron of Russian warships entered the English Channel on Friday but a NATO official dismissed a Russian media report that they were there to conduct military exercises.

Japan Military Wants China "Crisis Management" Pact

Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands.

Asian Airlines Pause Before Hedging on Fuel

Oil fell to four-year low of $72 on Thursday; Airlines hope the price will slip below $70 a barrel. Airlines in Asia-Pacific are holding off from hedging their

Oil Market Reveals 'Wild Side' - Again

Following OPEC's decision on Thursday to leave production unchanged, Brent crude futures experienced the first three-standard deviation down-move since the flash

OPEC Inaction Sends Brent to Four-Year Low

Brent Crude off 4 year low, but set for 15 pct Nov drop. Brent crude fell to a fresh four-year low on Friday, sending oil-related shares and currencies lower,

Billions Lost from Energy Shares, Investors Exit

$33 billion wiped off sector's market value on Friday; Fund managers call it a "capitulation." A fresh slide in the price of crude wiped tens of billions of

USCG Medevacs Man From Sailboat off NC Coast

  The Coast Guard medevaced an injured 62-year-old man from his sailboat Thursday approximately 100 miles east of Kill Devil Hills. Watchstanders at the Fifth

Findland Fairway Due Law

  Based on the Finland Ministry of Transport and Communication’s maritime strategy, the Finnish parliament has announced a final and lawful decision on the new

ESSA's Fleet Upgradation Environmental Driven

  State-controlled Exportadora de Sal SA de CV of Mexico ("ESSA"), one of the world’s largest salt exporters with a 10-million-ton annual production, has strengthened

PSA Chairman Receives Belgium Award

  On 27 November 2014, PSA Group Chairman Fock Siew Wah was conferred the national distinction ‘Commander of the Order of the Crown’ from His Majesty King Philippe of Belgium for his merit,

MSC Magnifica Completes Drydocking at Damen Shiprepair

  After a very fast and successful 17-day drydocking the cruise ship MSC Magnifica left Damen Shiprepair Rotterdam (part of Damen Shiprepair & Conversion) for

Rolls-Royce Bags £12 mi Order from Myklebusthaug Management

  Rolls-Royce has won a £12 million order to provide design, integrated power and propulsion systems and equipment for a highly advanced multipurpose service vessel

DNV GL “Modification Excellence Award” for Schiffahrt

Classification society DNV GL recognised that E.R. Schiffahrt has retrofitted seven ultra large container vessels to meet the highest energy efficiency standards

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