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Second US Aircraft Carrier Enters Mediterranean
The U.S. aircraft carrier USS Dwight D. Eisenhower entered the Mediterranean late on Monday, the U.S. Navy said, at a time when U.S. officials are raising alarm over Russia's maritime expansion. The Eisenhower, also known as the "Ike," will relieve the USS Harry S. Truman carrier strike group which later this month heads back to the United States after an extended eight-month deployment. The Eisenhower…
UASC Shareholders Back Hapag-Lloyd Merger Talks
The Middle East container shipping group United Arab Shipping Co. (UASC ) met with shareholders at the company's corporate office in Dubai to discuss a possible…
US Strikes Islamic State from Mediterranean Carrier
U.S. fighter jets on Friday launched the first strikes against Islamic State targets from an aircraft carrier in the Mediterranean Sea since the start of the two-year campaign against the militant group, the U.S. Navy said. The jets flew from the USS Harry S. Truman after the ship moved into the Mediterranean through the Suez Canal, marking the first air strikes conducted by a carrier group in that region since the Iraq war began in 2003, Navy officials said.
A Year is a Long Time in Tankers
The latest Gibson Market Report focused on the age profile of the VLCC fleet and the prospects for trading life beyond 15 years of age. Analysis of the Suezmax fleet shows a similar picture…
Basra Gateway Terminal Goes Live with Navis N4
Navis, a part of Cargotec Corporation, and provider of operational technologies and services that unlock greater performance and efficiency for terminal operators…
NATO to Boost Effort to Stop Mediterranean Smugglers
NATO agreed on Thursday to broaden its operations in the Mediterranean to help the European Union stop criminals trafficking refugees from North Africa but will…
Italian Coastguard Rescues 801 Migrants
Italy's coastguard said it helped rescue 801 migrants from two boats off western Sicily on Thursday, including many Syrians, amid signs that refugees from the Middle…
Tanker Shipping: Signs of Weakness are Appearing, But Still Money to be Made
Supported by slow fleet growth and ongoing positive refinery margins, VLCC earnings in Q1-2016 were up from a year ago, but down from Q4-2015 as we expected at $58…
From Whales to Silver Foxes to Refugees: EMILY Robot is A Lifesaver
She’s tough—capable of punching through 30-foot waves and riptides or smashing into rocks and reefs. But she’s also tender, providing hope to those in peril. Meet EMILY the robotic lifeguard—officially known as the Emergency Integrated Lifesaving Lanyard—a remote-controlled buoy that recently was used to rescue nearly 300 Syrian migrants from drowning in the waters off the Greek island of Lesbos. Created with support from the Office of Naval Research (ONR)…
Oil Turns Lower after US Crude Build
A bigger-than-expected build in U.S. crude inventories to fresh record highs pushed oil markets lower on Wednesday after an early rally over concerns about production…
Oil Rally is Not Just About Hedge Funds: Kemp
Oil prices are becoming dangerously overheated as speculators anticipate a rebalancing of supply and demand that has barely started, according to many oil analysts.
Asia Tankers-VLCCs Rates Ease as Tanker Jams Fade
Port congestion eases at Basra and Chinese ports; tanker demand set to expand on lower oil prices. Freight rates for very large crude carriers (VLCCs), hurt by slower-than-usual release of cargo…
Asia Tankers-VLCC Rates Face Pressure
Number of MidEast charter fixtures less than usual; Basra crude exports set to fall in May. Freight rates for very large crude carriers (VLCCs) will come under further…
Bahri, Rickmers-Linie Ink Charter Deal
Rickmers-Linie, the Hamburg based specialist for project and heavy lift liner services and the National Shipping Company of Saudi Arabia (trading as Bahri Liner)…
Indonesia: Local Piracy could lead to 'new Somalia'
Indonesia, Malaysia, Philippines ministers to meet in Jakarta as up to 18 Indonesians, Malaysians held captive in Philippines. Indonesia fears piracy on a busy shipping…
Pertamina Plans to Develop South China Sea Border Areas
Energy company Pertamina plans to explore for oil and gas in areas close to Indonesia's maritime border in the South China Sea to assert the country's territorial rights…
Pertamina Plans to Develop South China Sea Border Areas
Energy company Pertamina plans to explore for oil and gas in areas close to Indonesia's maritime border in the South China Sea to assert the country's territorial rights…
Australian Naval Vessels to Become Dive Wrecks
Decommissioned Australian naval vessels ex-HMA Ships Tobruk and Sydney,will be offered for the creation of dive wrecks, announced Defense Minister Senator Marise Payne. After decades of invaluable service in the Royal Australian Navy, Tobruk and Sydney were decommissioned in July 2015 and November 2015 respectively. Tobruk was used extensively during regional peacekeeping and humanitarian operations as well as border protection in Northern Australia.
UN Deal Sends More Migrants to Turkey from Greece
Two ferries carrying more than 120 migrants returned to Turkey from the Greek island of Lesbos on Friday, in the second round of arrivals under an EU deal with Ankara…
Huge Tanker Traffic Jam Builds at Basra
Nearly 30 large oil tankers waiting to load at Basra; daily VLCC tanker rates have doubled to nearly $75,000. A traffic jam of nearly 30 large oil tankers has built…