Primary News

The New Zealand government may restart the live export trade which has been banned since May 1, 2023.The ban was imposed in response to veterinarians, animal welfare advocates and the New Zealand public decrying conditions and outcomes for the animals. There have also been multiple disasters for the industry.Animal welfare group SPCA says politicians claiming to be champions of farming and business do not have the support of all farmers or a business case for it.“Government would have the public believe that any opposition to their plan is anti-farming…

A humanitarian aid flotilla destined for Gaza was halted after Guinea Bissau decided to remove its flag from two vessels, activist group Freedom Flotilla Coalition said on Saturday."The Guinea-Bissau International Ships Registry (GBISR), in a blatantly political move, informed the Freedom Flotilla Coalition that it had withdrawn the Guinea Bissau flag from two of the Freedom Flotilla's ships, one of which is our cargo ship," the activists said.The three-strong flotilla had been due to sail on Friday from ports in Turkey with more than 5…

Norwegian shipowner MPC Container Ships (MPCC) has signed a $55 million pre and post-delivery ECA covered financing agreement with Deutsche Bank and SINOSURE for its two dual-fuel methanol newbuildings.The vessels are scheduled for delivery towards the end of 2024 and are secured by 15-year time charter agreements with North Sea Container Line (NCL). The loan matures in 2036, according to MPCC.Chinese-based shipyard Taizhou Sanfu Ship Engineering is in charge of the construction…

China is providing moorage for a U.S.-sanctioned Russian cargo ship implicated in North Korean arms transfers to Russia, according to satellite images obtained by Reuters, as U.S. concerns grow over Beijing's support for Moscow's war in Ukraine.Britain's Royal United Services Institute (RUSI) think tank said the Russian vessel Angara, which since August 2023 has moved to Russian ports thousands of containers believed to contain North Korean munitions, has been anchored at a Chinese…

The Great Lakes Towing Company (GLT) on Monday unveiled plans to roll out a new breakbulk and RoRo shipping service serving the Caribbean.The Cleveland, Ohio-based company announced the formation of Great Lakes East (GLE), effectively reactivating Crimson Shipping Company’s former domestic and international marine transportation business, based out of Mobile, Ala. However, GLE will shift the primary load port to Fernandina Beach, Fla.GLE will initially service the trade with the 270- by 80-foot fully enclosed deck barge…

Venezuela's loss of a key U.S. license that allowed it to freely export and increase investment in its oil sector will hit the volume and quality of its crude and fuel sales while prompting a flurry of requests for individual U.S deal authorizations.U.S. officials had warned that absent progress by President Nicolas Maduro on implementing an electoral roadmap agreed last year, the U.S. would not renew license 44, which since October had eased oil sanctions in place for the last five years.On Wednesday…

The Biden administration said it would not renew a license set to expire early on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro’s failure to meet his election commitments.Just hours before the deadline, the U.S. Treasury Department announced on its website that it had issued a replacement license giving companies 45 days to “wind down” their business and transactions in the OPEC country's oil…

EST-Floattech will be providing the battery system for the purpose-built electric-landing utility vessel (E-LUV) to be built at Coastal Workboats’ new yard Stornoway. The company will also provide the shore-based power supply system.The collaboration with Coastal Workboats Scotland is realized due to Coastal Workboats receiving a £6 million (€7 million) grant to demonstrate the UK's first commercial electric workboat and charging station from the Clean Maritime Demonstration Competition.The BV-classed E-LUV is set to be the UK's first commercial electric workboat.

Russia's seaborne oil product exports fell 4.2% in March from the previous month to 10.178 million metric tons due to unplanned maintenance at refineries and a uel export ban, data from industry sources and Reuters calculations showed.Russia's daily offline primary oil refining capacity has jumped by around a third in March to 4.079 million metric tons from February due to drone attacks, Reuters calculations based on data from industry sources showed.Last month, a fire broke out after a Ukrainian drone attack at the Norsi refinery…

Norwegian power solutions provider Bergen Engines has secured DNV’s approval of its methanol-ready statement for marine engines.According to Bergen Engines, methanol will be an important fuel option for marine applications and is currently adapting research accordingly, with the maritime industry in focus.Methanol, a versatile and sustainable fuel when produced from renewables, offers numerous advantages for Bergen medium-speed engines, the company said, adding that its efficient…

Global oil benchmark Brent on Tuesday rose above $89 a barrel for the first time since October, albeit briefly, as oil supplies faced fresh threats from Ukrainian attacks on Russian energy facilities and escalating conflict in the Middle East.Brent futures for June delivery were up $1.35, or 1.5%, at $88.76 a barrel by 11:40 a.m. EDT (1540 GMT) after touching a peak of $89.08.U.S. West Texas Intermediate (WTI) crude futures for May rose $1.27, or about 1.5%, to $84.98 after touching a peak of $85.46…

U.S. automakers General Motors and Ford will reroute affected shipments after a bridge collapse in the U.S. shuttered the Port of Baltimore, but the companies said on Tuesday the impact will be minimal."We expect the situation to have minimal impact to our operations. We are working to re-route any vehicle shipments to other ports," GM said in a statement.The Port of Baltimore is the busiest U.S. port for car shipments, handling at least 750,000 vehicles in 2023, according to data from the Maryland Port Administration.

A massive cargo ship smashed into a bridge while sailing out of Baltimore early on Tuesday, sending cars and people into the river below and closing one of the busiest ports on the U.S. Eastern Seaboard.Rescuers pulled out two survivors, one of whom was hospitalized, and searched for more in the Patapsco River after huge metal spans of the 1.6-mile (2.57 km) Francis Scott Key Bridge crumpled into the icy water around 1:30 a.m. (0530 GMT).The ship reported a power issue before impact…

Esgian reports fresh finds confirmed in Guyana, China and Norway in its Week 12 Rig Analytics Market Roundup.Report Outline:ContractsDolphin Drilling has announced the award of a $154 million drilling contract from India's exploration and production company, Oil India Limited (Oil India), to the 6,000-ft semisub Blackford Dolphin.Malaysian offshore drilling firm Velesto confirmed Friday it had recently secured long-term contract extensions for three of its jackup rigs with Petronas Carigali…

Green Ships Invest has signed a contract to purchase of Amogy’s carbon-free ammonia-to-electrical power systems for a fleet of new environmentally friendly platform supply vessels (PSV). Green Ships, which is designing/procuring so-called ePSVs (electrical PSVs), had signed a memorandum of understanding (MOU) with Amogy in October 2023.Under the newly signed contract, Green Ships Invest will design the ePSV to be equipped with 2 megawatts (MW) of clean energy capacity through the integration of ten of Amogy’s pioneering 200 kilowatt (kW) ammonia-to-electrical power systems.

Mohammad “Ali” Usman has been hired as the Chief Information Officer (CIO) of the Federal Maritime Commission and appointed to be a member of the Senior Executive Service.Usman will serve as director in all areas of information technology (IT) and as the primary IT technical advisor to the Managing Director.He assumes his new duties effective immediately.“Well functioning, publicly accessible, and secured information systems are vital to being able to meet the mission of a government agency in the 21st Century. Mr.

A 300-acre property along the Mississippi River in Herculaneum, Missouri recently received Port District zoning making way for redevelopment as an intermodal transportation hub and industrial park.Located on the shipping lanes of the Mississippi River, the site has been utilized since the 1700s as a port. With its easy access for barge loading and offloading and the site’s proximity to early lead mines in adjacent Washington County, under early French ownership the port was utilized to ship lead cannonballs and shot to Europe to support Napolean’s army.

Damen Shipyards Group has unveiled a new ship design based on modern defense and security requirements. The Multi-Purpose Support Ship (MPSS) has been co-developed with the Portuguese Navy, the vessel’s launching customer. It is a solution for the increasing use of drone technology in combat and surveillance. In addition to its primary function, the MPSS is designed to fulfil a wide range of additional tasks, including auxiliary roles.Damen has begun construction of the first vessel of this new design.

The Coast Guard has struggled for years to recruit and retain a sufficient workforce. The U.S. Government Accountability Office (GAO), the non-partisan, fact-based arm of the Congress, has published multiple reports related to the Coast Guard’s workforce including recruitment and retention challenges. Three of these reports published in 2022 and 2023 have resulted in 17 GAO recommendations to address these issues, but as of today, 16 remain open and need to be addressed. Implementing…

Esgian reports rig-related updates from Dolphin Drilling, Diamond Offshore, and Seadrill in its Week 9 Rig Analytics Market Roundup.Report Outline:ContractsDespite Tullow Oil’s recent announcement that it would take a break from drilling offshore Ghana, Noble Corp. has stated that there has been no contract termination announcement and that its 12,000-ft drillship Noble Venturer is currently still contracted to Tullow into March 2025.Masirah Oil Ltd has signed a rig contract with…

Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts say.Qatar, one of the world's top LNG exporters, plans an 85% expansion in LNG output from its North Field's current 77 million metric tons per year (mtpa) to 142 mtpa by 2030, from previously expected 126 mtpa.Some market experts said that the move will have an impact on global projects in the United States…

Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks after the United States ramped up sanctions enforcement on ships linked to those registries, according to shipping data and interviews with industry and government officials.The shift reflects the close relationship between the U.S. and the flag administration companies of Liberia and the Marshall Islands, which are headquartered not in their home countries, but in Virginia, just miles from Washington D.C. and within the jurisdiction of U.S.

U.S. President Joe Biden's plan to build a floating U.S. military port to speed up aid to Gaza could take up to 60 days to become a reality and involve more than 1,000 American troops, the Pentagon said on Friday.The Pentagon offered the timeline a day after Biden announced the initiative in his State of the Union speech, as he seeks to cool anger in his Democratic Party over his staunch support for Israel's offensive in Gaza since Oct. 7.The United Nations has warned that widespread famine in the Gaza Strip is "almost inevitable" without urgent action.