Straits News

Italian shipowner Fratelli Cosulich and PETCO Trading Labuan Company Limited (PTLCL), a trading arm of Malaysian energy company Petronas, have signed a two-year charter agreement for Paolina Cosulich LNG bunker barge.Operating under PTLCL, a global energy solutions provider in key bunker hubs with network in Southeast Asia, Japan, Middle East and South Africa, Paolina Cosulich will cater to the increasing demand for LNG as bunker fuel in the Straits.Fratelli Cosulich’s latest LNG bunger barge features a cargo capacity of 8…

Turkey, Romania and Bulgaria signed an agreement on Thursday on a joint plan to clear mines floating in the Black Sea as a result of the war in Ukraine, following months of talks between the NATO allies.Turkish Defense Minister Yasar Guler, his Romanian counterpart Angel Tilvar and Bulgaria's Deputy Defence Minister Atanas Zapryanov signed a memorandum of understanding in Istanbul to form a trilateral initiative to clear the explosives."With the start of the war, a threat of floating mines in the Black Sea has arisen. To combat it ...

Inchcape Shipping Services has taken a major share of Leth Suez Transit Ltd AS (LETH). Under the new ownership structure, Otto Jervell, the CEO of LETH, will continue to helm the company as a part-owner.LETH, with its heritage starting in 1924 as a bunker supplier in Egypt, has grown into a globally recognized top transit agent. The company currently handles more than 200 transits per month in the Suez Canal.While the Suez Canal remains at the core of LETH, the company's expertise and solution-oriented approach have expanded to cover other vital transit locations, including the Panama Canal, the Turkish and Danish Straits, and key bunkering locations such as Singapore and Gibraltar.

Russian oil tankers are not targeted in the European Commission's proposal for tightening the implementation of a price cap on the country's crude oil, EU diplomats said on Wednesday.The Financial Times reported earlier on Wednesday that Denmark will be tasked with inspecting and potentially blocking Russian oil tankers sailing through its waters under new European Union plans as a way of enforcing a $60 per barrel price cap on Moscow's crude.The FT said that Denmark would target tankers carrying Russian oil that did not have Western insurance…

Denmark will be tasked with inspecting and potentially blocking tankers carrying Russian oil through its waters under new European Union plans, the Financial Times reported on Wednesday, citing three unidentified sources.Russia sends about a third of its seaborne oil exports, or 1.5% of global supply, through the Danish straits so any attempt to halt those supplies would send oil prices higher and trigger a confrontation with Russia. The FT said that Denmark would target tankers carrying Russian oil that did not have Western insurance…

Danish shipping company DFDS announced it has committed to investing in battery-powered vessels to help decarbonize the maritime traffic across the English Channel.Following a meet between French Minister for Foreign Trade, Attractiveness and French Nationals Abroad, Olivier Becht and CEO of DFDS, Torben Carlsen, in October, DFDS said it will invest in the innovation and technology necessary to and deploy a fleet of battery-powered vessels in the English Channel by 2030.“We have…

The U.S. Navy has awarded Bollinger Shipyards a contract to build four additional Mine Countermeasures Unmanned Surface Vessels (MCM USV). This brings the total number of vessels under contract up to seven, with options for up to 18 more vessels.“Bollinger is honored to be entrusted by the U.S. Navy to continue building the Mine Countermeasures Unmanned Surface Vessel program,” said Ben Bordelon, president and CEO of Bollinger Shipyards. “Our skilled workforce is second to none. We are proud to support and protect the men and women of the U.S.

Reported incidents of piracy and attacks on vessels are on the rise in key hotspot areas such as the Gulf of Guinea and Singapore Straits.Sixty-five incidents of piracy and armed robbery against ships were recorded globally in the first half of 2023, an increase from 58 incidents for the same period in 2022, according to a mid-year report from the ICC International Maritime Bureau (IMB). Of the 65 incidents reported, 57 vessels were boarded, four had attempted attacks, two were hijacked and two were fired upon. Perpetrators successfully boarded 90% of targeted vessels.

A tanker berthed at Jurong Port Tank Terminals (JPTT) caught fire on Tuesday, with smoke observed on the forward part of the tanker, Maritime and Port Authority of Singapore has informed.Singapore Civil Defence Force marine and land-based firefighting forces, MPA patrol craft, and JPTT’s emergency response unit were deployed to put out the fire and ensure navigational safety.As a precautionary measure, operations at the adjacent berths have stopped, and a nearby vessel at the berth has been shifted to the anchorage."The fire was extinguished at about 0925 hours, and the tanker’s crew are all safe and accounted for. There is no damage to the tanks and berths at JPTT.

The Asian Shipowners’ Association (ASA) held its 32nd Annual General Meeting (AGM) on May 16 in Shanghai with focus of much of the discussion on the safety of seafarers.The meeting was hosted by the China Shipowners’ Association (CSA) and attended by more than 230 representatives from ASA Ordinary/Associate members.The ASA said that unfair treatment of seafarers has a severe impact on seafarers' physical and mental well-being and a damaging effect on the image of the shipping industry and its ability to attract and retain qualified seafarers.

Greece issued a series of warnings to shipowners to avoid sailing close to Iranian waters days before Tehran seized two tankers amid heightening tensions in the region, according to documents and industry sources.Iran seized a second oil tanker in a week on Wednesday in Gulf waters, the U.S.

A Mackinac Island passenger ferry will be converted to zero-emissions electric power with the help of a $3.06 million award from the Michigan Department of Environment, Great Lakes, and Energy (EGLE) Fuel Transformation Program (FTP) Part 2.Star Line, now known as the Mackinac Island Ferry Company (MIFC), will replace two 1988 diesel engines with two brand new electric propulsion motors on a ferry, the Chippewa, reducing greenhouse gas emissions by 14,152 metric tons of carbon dioxide equivalents and 887 metric tons of nitrogen oxides over the boat’s lifetime.

Since Russia’s invasion of Ukraine a year ago, most of the fighting has been on land. However, there has also been a less visible – but nonetheless crucial – maritime dimension to the war across the full spectrum of tactical, strategic, economic and diplomatic considerations.After land troops crossed the Ukraine border on February 24 2022, the Russian navy quickly secured control of the northwestern Black Sea. This meant it could contribute to the air campaign against Ukraine by launching cruise missiles from the sea.

A decommissioned 32,000-ton 1960's aircraft carrier has been floating off Brazil's shore for three months since Turkey refused it entry to be scrapped there because the rusting ship is an environmental hazard.The Brazilian Navy's Sao Paulo carrier had been towed by tugs to Europe but did not get past the Gibraltar straits, and was returned across the Atlantic.The Navy has acknowledged the ship is a risk to the environment and could sink, so it has not been allowed into Brazilian…

Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude oil tankers to present an insurance confirmation letter before transiting Turkish straits.The Turkish measures, which came into effect on Dec. 1, require vessels to provide proof of insurance for the duration of transit through the Bosphorus or when calling at Turkish ports.The regulation has caused shipping delays, with up to 20 tankers waiting at the same time in the Black Sea last week, as they worked to present the necessary documents.

Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the Black Sea through Turkish straits continued to rise on Friday.Ankara has declined to scrap a new insurance inspection rule it implemented at the beginning of the month despite days of pressure from Western officials frustrated by the policy.A total of 28 oil tankers are in a queue seeking to leave the Bosporus and Dardanelles straits, the Tribeca shipping agency said on Friday.G7 wealthy countries, the European Union and Australia agreed to bar providers of shipping services…

Turkey's maritime authority said on Thursday it would continue to block the passage of oil tankers that don't carry appropriate insurance letters, adding that insurance checks on ships in its waters were a "routine procedure".The logjam is creating growing unease in oil and tanker markets and comes as the G7 and European Union introduce a price cap on Russian oil.Millions of barrels of oil per day move south from Russian ports through Turkey's Bosphorus and Dardanelles straits into the Mediterranean.Here are key facts about the issue.Ships typically have protection & indemnity (P&I) insurance…

Western officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey, a British Treasury official said, after the G7 and European Union rolled out new restrictions on Dec. 5 aimed at Russian oil exports."The UK, U.S. and EU are working closely with the Turkish government and the shipping and insurance industries to clarify the implementation of the Oil Price Cap and reach a resolution," the official told Reuters."There is no reason for ships to be denied access to the Bosporus Straits for environmental or health and safety concerns."The G7 group of countries…

Russia is concerned about a build-up of oil tankers in the Bosphorus Strait and is discussing the issue with insurance and transport companies, RIA cited Russian deputy foreign minister Alexander Grushko as saying on Wednesday.At least 20 oil tankers queuing off Turkey face more delays to cross from Russia's Black Sea ports to the Mediterranean as operators race to adhere to new Turkish insurance rules added ahead of Europe's ship insurance ban and a G7 price cap on Russian oil…

Protests were temporarily called off at Adani's Vizhinjam seaport in the southern Indian state of Kerala after more than four months of agitation, a protest leader said on Tuesday, but demands to halt port construction were not met.Work by the Adani Group had been paused at the port because of objections from a mostly Christian fishing community, led by Catholic priests, who said the port would cause coastal erosion and undermine locals' livelihoods, calling for a complete halt to the construction.The Adani conglomerate…

Oil tankers formed a traffic jam off the coast of Turkey on day one of the West's price cap on Russian crude, with Ankara insisting on new proof of insurance for all vessels, the Financial Times reported on Monday.Around 19 crude oil tankers were waiting to cross Turkish waters on Monday, the report said, citing ship brokers, oil traders and satellite tracking services.A $60 per barrel price cap imposed by the Group of Seven nations, Australia and the 27 European Union states on Russian seaborne crude oil took effect this week…

The U.S. government has allowed some transactions to take place with a sanctioned oil supertanker in efforts to free the vessel stranded in Indonesian waters, the U.S. embassy in Singapore said on Wednesday. The Indonesian navy has been trying to free the Djibouti-registered ship, Young Yong, which ran aground off Indonesia's Riau Islands on Oct. 26 near a gas pipeline. The U.S. last week issued sanctions against an international oil smuggling network it said supports Hezbollah and Iran's elite Quds Force…

Indonesian authorities said on Monday it could take up to a month to free a crude oil tanker stuck in its waters, while the United States slapped sanctions on the vessel for alleged links to Hezbollah and a branch of Iran's Revolutionary Guards. The Indonesian navy has been trying to free the Djibouti-registered vessel, Young Yong, which ran aground off Indonesia's Riau Islands on Oct. 26. The U.S. last week issued sanctions against an international oil smuggling network it said supports Hezbollah and Iran's Quds Force, targeting dozens of people, companies, and tankers as Washington sought to mount pressure on Tehran. The Young Yong was among the vessels sanctioned. U.S. embassy officials in Singapore and Jakarta did not immediately respond to requests for comment.