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Fuel Efficiency: The Way Forward
The Immediasea Shipping Debate Forum ‘Fuel Efficiency - The Way Forward’ was held in connection with the Nor-Shipping event in Oslo, Norway, in June. Leading the panel was Mark Fuhrmann from Blue-C who invited leading maritime executives to share their views on the future of shipping fuel-efficiency. Below are select quotes. “Our goal is clear, zero emissions. It will though take a while getting there.” He reminded the audience that “by 2050 we have to cut off CO2 production completely…
CargoSmart Launches Big Schedules Search Engine
CargoSmart Limited, a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking, has announced Big Schedules, a new sailing schedule search platform that helps shippers and logistics service providers manage and visualize their ocean routes. Big Schedules actively sources ocean carriers’ published sailing schedules and live vessel location…
Loaded Matson Ship Stalls in Pacific Ocean
A Matson ship en route to Oahu from California has stalled at sea and may need to be towed to the islands, reports Hawaii News Now. A problem in the engine room cut off power on the cargo ship…
Malaysian Tanker Missing
The Malaysian-registered vessel MT Orkim Harmony carrying 6,000 metric tonnes of RON95 petrol went missing in the South China Sea near Johor on Thursday (June 11).
Hovercraft Creates Lifeline to Alaska Drill Site
About half a million barrels of oil is extracted each day from Alaska’s Prudhoe Bay oilfields. One of its drilling sites, Endicott, is located on a spit of land connected by the gravel Prudhoe Bay road system and is normally accessible by truck – until recently, when the road was washed out. Faced with the dilemma of how to get workers, food and supplies to the work site, Hilcorp, a privately-held exploration and production companies in the U.S.…
Greece Mulls Ports Sale to Reach Deal with EU/IMF Lenders
Greece's government is considering selling stakes in its two largest ports as a concession to reach an agreement with its lenders and unlock bailout funds, a government official said on Wednesday.
No Refuge but the Sea - Fleeing Yemen by Boat
The rocket that tore through a minivan outside the Aden Grand Hotel last week killing nine men, women and children was a clear message that it was time to leave.
Chile Desert Rains Sign of Climate Change
The heavy rainfall that battered Chile's usually arid north this week happened because of climate change, a senior meteorologist said, as the region gradually returns…
Update on Noreco's Danish Licences
As previously reported, Norwegian Energy Company ASA’s (Noreco) Danish subsidiary was in January prevented from making payments for its share of production costs at the Nini field…
Milaha launches Qatar - India Service
Milaha Maritime & Logistics, a subsidiary of the Qatar based Milaha Group which delivers integrated transport and supply chain solutions in the GCC, has announced…
Milaha Rolls Out First Direct Qatar-India Service
Milaha Maritime and Logistics, a subsidiary of Milaha Group, launched its first direct container service, known as the Nhava Sheva Doha Express (NDX), between Qatar’s…
Petrobras Downgrade Shakes Market
Moody's shocked bond investors this week with a surprise two-notch downgrade that put Brazilian oil company Petrobras in junk territory. The move was seen by some investors as overly assertive…
Libya Reopens Oil Port After Strike
Libya reopened its oil port of Hariga on Tuesday, ending a strike by guards that had threatened to further slash exports as rival factions fight for control of the OPEC country.
Oil Declines in Thin, Volatile Trading
Global benchmark Brent crude oil closed down nearly a dollar a barrel Friday after a day of choppy trading despite expectations of new investments in the new year…
Russia to Supply Coal, Electricity to Ukraine
Russia has agreed on a new deal to supply coal and electricity to Ukraine, which is struggling with a lack of raw fuel for power plants due to a separatist conflict in the industrial east…
Volvo Penta Enters New Distribution Center
Volvo Penta announced the opening of the new Volvo Group Central Parts Distribution Center in Byhalia, Mississippi, in a move to optimize delivery performance and efficiency for dealers and OEM customers in North America. As the anchor tenant of a new industrial park, the one million square-foot state-of-the-art Volvo Group facility will support Volvo Penta recreational marine, commercial marine and industrial business segments…
Bangladesh Power Cut Plunges Millions into Darkness
Bangladesh was hit on Saturday by a major power outage that brought much of normal life to a standstill, forced hospitals and garment factories to rely on back-up…
Temporary Suspension of 2nd Southbound Convoy
Effective from today, the entry of the second southbound convoy into the Suez Canal has been suspended until completion of cleansing and dredging work in the new Canal area.
UN: Ship Inspections near Somalia for Arms, Charcoal
The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday, though Russia and Jordan abstained from the vote over concerns about the move. The resolution, adopted by the 15-member council with 13 votes in favor, approves the use of "all necessary measures" - diplomatic code for military force - to carry out such inspections.
UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal
The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday…