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Iraqi Man Charged for Smuggling Guns through Port of Savannah
An Iraqi national has appeared in U.S. District Court in Savannah after his indictment on charges related to the attempted smuggling of firearms to Iraq.Nihad Al Jaberi, a Clarkston, Ga., resident, is charged with smuggling, failure to notify a common carrier and submitting false or misleading export information. The smuggling charge carries upon conviction a penalty of up to 10 years in prison and substantial financial penalties.
Brent Tops $70 after Houthi Attack on Saudi Oil Export Hub
Yemen's Houthi forces fired drones and missiles at the heart of Saudi Arabia's oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports, in what Riyadh called a failed assault on global energy security.The Saudi energy ministry said there were no casualties or loss of property from the attacks. The defense ministry said it intercepted an armed drone coming from the sea prior to hitting its target at an oil storage yard at Ras Tanura…
US Sells Illicit Iranian Fuel, Another Seized Cargo on the Way
The United States has sold more than a million barrels of Iranian fuel seized under its sanctions program last year, a Department of Justice official said, as another…
How Will Biden's Iran Strategy Impact Shipping?
How will Biden read Iranian hostilities? Forceful diplomacy or reckless militancy?Anticipating the Biden Administration’s Iran strategy is crucial for understanding future risks for maritime operators in the Strait of Hormuz, the Gulf of Oman and wider Indian Ocean.Though the new U.S. Administration and the Iranian regime have stated their willingness to rejoin the Joint Comprehensive Plan of Action (JCPOA), otherwise known as the Iran Nuclear Deal, they are unlikely to do so.
US Imposes Fresh Sanctions on Iran
The United States on Friday sanctioned companies in Iran, China and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines and on three Iranian entities over conventional arms proliferation.They are the latest in a series of measures aimed at stepping up pressure on Tehran in the waning days of President Donald Trump's administration, which ends on January 20.U.S.
Indian Oil Corp Buys its First Cargo of Iraqi Basra Medium Oil
Indian Oil Corp (IOC) , the country's top refiner, has loaded its first cargo of Iraq's newly introduced Basra Medium crude grade, according to ship-tracking data…
Iraq Defuses Mine Attached to Oil Tanker
A mine that was attached to the hull of an Iraqi oil tanker was defused two days after it was discovered, Iraq's military said in a statement on Saturday.The tanker was in international waters about 28 nautical miles (52 km) off Iraq's coast in the Gulf and supplying another ship with fuel when the device was discovered on Thursday afternoon.An investigation has been opened to find out the circumstances…
S. Korea's Daewoo Nets $2.6 Bln Iraqi Port Deal
Iraq agreed a $2.625 billion deal with South Korea’s Daewoo Engineering & Construction on Wednesday to build the first phase at its planned Faw commodities port in the south of the country.Under the contract, signed in Baghdad by representatives of Iraq’s transportation ministry and the South Korean company, Daewoo E&C will handle construction work including building five berths to unload ships and a yard for containers.Daweoo will also carry out dredging and drilling works to create an access n
Iraq to Sign $2.625 Bln Port Contract with S.Korea's Daewoo
Iraq's government has agreed to sign a $2.625 billion contract with South Korea's Daewoo Engineering & Construction to build the first phase of a giant cargo port in the south of the country, a port manager said on Wednesday.The long-planned and repeatedly delayed Grand Faw port is one of several projects that Iraq hopes will create a shorter transportation corridor between the Middle East and Europe, bypassing the Suez Canal.Under the contract, expected to be signed on Sunday, Daewoo E&C will h
UK PM Johnson Outlines Plans to Build Europe's Most Powerful Navy
Prime Minister Boris Johnson pledged to restore Britain’s navy to its position as Europe’s most powerful maritime force on Thursday, highlighting that shipbuilding could also help heal divisions between the four nations of the United Kingdom.With repeated polls suggesting most people in Scotland now support independence, Johnson was keen to press the case for how England and Scotland can work together.He announced plans for 13 more frigates as well as committing to a new generation of warships…
Navios Maritime Acquisition Takes Delivery of New VLCC
Tanker operator Navios Maritime Acquisition Corporation has announced the delivery of the Baghdad, a new building VLCC of 313,433 dwt.Navios Maritime Acquisition…
US Sanctions: Spotlight on Russia
This article will focus on U.S. sanctions on Russia/Ukraine. The Russia/Ukraine sanctions program is a complex mix of comprehensive, noncomprehensive and “sectoral” sanctions. It includes both primary sanctions aimed at U.S. persons and secondary sanctions aimed at non-U.S. persons. It encompasses broad sectors of the Russian economy and significant dealings with sanctioned individuals and entities, while generally permitting most transactions with Russia. Accordingly, it stands alone in U.S.
Tanker Operator Thanks UK for Storming Vessel after Stowaways Turned Hostile
The operator of an oil tanker stormed in the English Channel by British special forces thanked the authorities on Monday for their timely response, saying help was…
UK Special Forces Storm Oil Tanker, Detain Stowaways in English Channel
British special forces stormed a Greek-operated oil tanker in the English channel on Sunday to wrestle control of the vessel from seven stowaways who had threatened…
Comprehensive Sanctions: Iran, Syria and North Korea
This article will focus on “comprehensive sanctions,” which prohibit most trade between the U.S. and the target country, with a particular focus on three countries currently targeted by comprehensive sanctions: Iran, Syria and North Korea. Similar jurisdictions which are subject to varying levels of comprehensive sanctions, including Cuba, the Crimea region (Russia/Ukraine) and Venezuela (which may…
USS Ticonderoga (CG 47) to be Recycled in Texas
A contract to recycle an out-of-service U.S. Navy guided-missile cruiser has been awarded to International Shipbreaking Limited, LLC., one of the world’s largest green ship recycling companies.The USS Ticonderoga (CG 47), decommissioned in 2004, concluded her final voyage last week to the Port of Brownsville, Texas, where full dismantling will commence with 98% of all removed materials being recycled.
Charting Terradepth's Big Ambitions in the Unmanned Vehicle Space
Ocean mapping at scale is the target of a new unmanned systems player started by two ex-US Navy SEALS. They have big ambitions, from new building unmanned vehicles to creating the intelligence that will drive them to changing how accessible ocean data is. Elaine Maslin learned more. The pace of change in the ocean mapping space has been fast in recent years. New entrants have come into the scene offering…
Deadly Explosion Rips Through Beirut Port Area
A powerful blast in port warehouses near central Beirut storing highly explosive material killed 78 people, injured nearly 4,000 and sent seismic shockwaves that shattered windows, smashed masonry and shook the ground across the Lebanese capital.Officials said they expected the death toll to rise further after Tuesday's blast as emergency workers dug through rubble to rescue people and remove the dead.
Iran's Oil Storage Almost Full as Sanctions and Pandemic Weigh
Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely full due to a fall in exports and refinery run cuts caused by the coronavirus pandemic, industry data showed.Total onshore crude stocks surged to 54 million barrels in April from 15 million barrels in January, and swelled further to 63 million barrels in June, according to FGE…
Cardama Shipyard Records 1000th Ship Docking
Founded in 1916 in Vigo, Northwest of Spain, Cardama Shipyard has had a large number of milestones over its 100+ year history. This week Cardama Managing Director Mario Cardama said 2020 heralds another significant landmark for the yard – which remains one of the busiest in Spain – after completing its 1,000th ship docking since 2000.The latest milestone follows a wide range of international projects and tenders secured from many countries throughout the decades including Angola…