Russia Oil Price Cap Coalition Toughens Shipping Rules
The U.S.-led coalition imposing a price cap on seaborne Russian oil announced changes on Wednesday to its compliance regime the Treasury Department said will make it harder for Russian exporters to bypass the cap.The Treasury also imposed fresh sanctions on a ship manager owned by the Russian government and three oil traders involved in Russian oil trade.The Group of Seven (G7) industrialized countries last year imposed a price cap of $60 per barrel on Russian oil shipments in…
Obscure Traders Ship Half Russia's Oil Exports to India, China After Sanctions
A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.The new owner of the 100,000 tonnes of Urals crude carried on the Leopard I was a similarly low-profile outfit, Guron Trading, also based in Hong Kong, according to two trading sources.The number of little-known trading firms relied on by Moscow to export large volumes of crude exports to Asia has mushroomed in recent months…
Cargo Ship Catches Fire off the Coast of Italy
Twelve crew members were rescued Wednesday from a cargo ship ablaze off the coast of Italy.At about 7 a.m. local time, the Reggio Calabria port authority received a mayday call reporting an uncontrollable fire in the engine room aboard Bolivian-flagged freighter Bellatrix, in the Mediterranean Sea, about 180 miles southeast from Catania, Italy's Coast Guard said. The Coast Guard assumed coordination of the rescue effort and arranged for multiple air and surface assets to be sent to the scene.
Vessel Sales: February 2015
Vessel sales for February 2015 - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.
CSA Recognizes Safety in Shipping Industry
The U.S. maritime industry publicly recognized the women and men responsible for safe ship operations at the Annual Safety Awards Luncheon held at the Loews New Orleans Hotel on June 2, 2011. Over 180 people, representing over 70 companies, attended the annual industry-sponsored event. The Chamber of Shipping of America (CSA) announced the results of the 2010 Jones F. Devlin Awards. Those awards were given to vessels that have operated for at least two years without a seafarer involved in a lost-time injury.
This Day in Coast Guard History – Nov. 20
1943-Landings made at Makin and Tarawa in the Gilbert Islands. The Coast Guard-manned assault transport USS Leonard Wood, veteran of the landings made in the Mediterranean, participated. She landed 1,788 officers and men of the 165th Combat Team of the U.S. Army's 27th Division, on Makin Island. Coast Guard-manned LST-20, LST-23, LST-69, LST-169, LST-205, and the USS Arthur Middleton, and the following Navy ships with partial Coast Guard crews: USSs Heywood, Bellatrix, and William P. Biddle, participated in the bloody assault of Tarawa. (Source: USCG Historian’s Office)
Sealift Ships Transfer to Ready Reserve Force
As of October 1, 2008, eight Fast Sealift Ships officially became part of the Maritime Administration’s Ready Reserve Force. While custody of the eight ships (Algol, Altair, Antares, Bellatrix, Capella, Denebola, Pollux, and Regulus) was transferred from the U.S. Navy’s Military Sealift Command to the Maritime Administration on October 1, 2007, the title was only transferred as of the beginning of Fiscal Year 2009. Fast Sealift Ships are currently the fastest cargo ships in the world, capable of speeds in excess of 30 knots (56 km/h\). The ships are capable of sailing from the U.S. East Coast to Europe in just six days and to the Persian Gulf via the in only 18 days, thus ensuring rapid delivery of military equipment in any crisis.
Fast Sealift Ships to Join RRF
Eight Fast Sealift Ships are being transferred from the U.S. Navy’s Military Sealift Command to the Department of Transportation’s Maritime Administration. Fast Sealift Ships are currently the fastest cargo ships in the world, capable of speeds in excess of 30 knots. They are capable of sailing from the U.S. East Coast to Europe in just six days and to the Persian Gulf via the Suez Canal in 18 days, thus ensuring rapid delivery of military equipment in a crisis. Combined, all eight Fast Sealift Ships can carry nearly all the equipment needed to outfit a full Army mechanized division. “These ships will greatly enhance the capability of the Ready Reserve Force to support the U.S. Armed Forces,” said Maritime Administrator Sean T. Connaughton. Custody of the U.S.
