Russia: 2014 Crude Exports Down 4.3 pct
Novak says Russian oil output to rise 0.6 pct in 2014; Natural gas production seen down 4 pct this year. Russia's oil exports are expected to fall by 4.3 percent this year…
Storm Halts Russian Exports from Black Sea
Russia's Black Sea port of Novorossiisk halted oil exports on Monday due to storm, while the loadings are not expected to resume before Friday, port sources said. "The wind is very strong there.
Bollinger Shipyards Announces New Leadership
Lockport, La.-based Bollinger Shipyards announced that Ben Bordelon will assume the duties of chairman, president and chief executive officer of the company. Ben Bordelon, along with the Chouest family from Galliano, La., has acquired all assets and stock of Bollinger Shipyards, Inc. Bordelon has served in many capacities during his career at Bollinger, and has been a member of the board of directors since 2002.
Russian Baltic Oil Exports to Surge in New Year
Exports of Russian crude oil blend Urals will rise sharply in January from the Baltic Sea ports on the back of a government decision to cut export duties, a preliminary…
BG Group Sells, Charters LNG Ships
BG Group and GasLog Ltd. have entered an agreement for GasLog to acquire two modern tri-fuel diesel electric (TFDE) LNG carriers for $460 million. BG Group will charter back the two vessels, the Methane Becki Anne and Methane Julia Louise, for nine and 11 years with further options to extend the term for each vessel by either three or five years. According to BG Group, the transactions provide it with flexibility in managing its future fleet requirements and…
US-flag Lakes Cargos Up in November
U.S.-flag Great Lakes freighters (lakers) moved 9.3 million tons of dry-bulk cargo in November, an increase of 6.2 percent compared to a year ago, according to figures from the Lake Carriers’ Association (LCA). The total would have been higher, the LCA said, but there were a number of weather-related delays. In fact, the November float actually represents a decrease of nearly 18 percent compared to October’s volume.
S.Korea Raising Crude Import Tariffs for naphtha, LPG
South Korea said on Tuesday it would raise tariffs next year on imports of certain quotas of crude used for production of naphtha and liquefied petroleum gas (LPG).
Shipbuilding: SSA Orders Freight-Passenger Ferry
A new freight and passenger ferry designed by Elliott Bay Design Group (EBDG) for Martha's Vineyard & Nantucket Steamship Authority (SSA) will be built at Conrad Shipyard in Morgan City, Louisiana. The new ferry, Woods Hole, will replace the M/V Govenor, the oldest vessel in the SSA's fleet. The new single-ended vessel will measure approximately 235 feet, have a total person capacity of 384 and a car deck that accommodates 55 standard vehicles or 10 tractor-trailer vehicles.
Aegean Marine Begins Gulf of Mexico Operations
Aegean Marine to commence operations in the Gulf of Mexico; assumes charter agreements for two vessels. Aegean Marine Petroleum Network Inc. will commence immediate marine fuel supply operations in the Gulf of Mexico. In support of its operations, the company has also assumed the contracts for two oceangoing bunkering tankers previously under charter to OW Bunker and expects to purchase the fuel on board.
New Containership Enters CMA CGM Fleet
Containership CMA CGM Tigris, the fourth vessel of a series of 28 ships from a 9,400-10,900 TEUs class, was delivered to the CMA CGM Group on December 23, 2014 in China. The group received the delivery of the first vessel of this series, CMA CGM DANUBE, in June. Each vessel of this series will be named after a famous river of the world. CMA CGM Tigris was built by the Chinese New Times Shipbuildings within about 10 months of her keel being laid, and was delivered on-time.
FMCS to Mediate West Coast Ports Negotiation
The U.S. Federal Mediation and Conciliation Service (FMCS) has received a request from representatives of the Pacific Maritime Association (PMA) to provide mediation…
Chesapeake Shipbuilding Expands Design Department
Chesapeake Shipbuilding of Salisbury, Md., is expanding its design department and is actively seeking two naval architects and one marine engineer to add to its design team. The design office provides engineering and technical support for the company’s newbuild program and fleet operations. Chesapeake Shipbuilding’s design team undertakes design projects from conceptual design to detailed practical design and commissioning.
Diana Shipping Announces Glencore Contract
Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels…
CMA CGM Updates European, African Services
The CMA CGM Group announce the specialization of its EURAF 1 and EURAF 2 services to meet the needs of its African and European clients. Accordinng to the shipping company, the services will offer two weekly services from Europe and the Mediterranean to Africa instead of one; improved reliability and punctuality, with a new calls distribution between the different EURAF services; and strategic calls in Hamburg and London Gateway ports to Nigeria…
New Cruise Passenger Drill Rules to Enter Force
New requirements for musters of newly embarked passengers prior to or immediately upon departure come into force January 1, 2015. Further SOLAS amendments entering into force address enclosed-space entry and rescue drills and the code for recognized organizations. The amended regulation III/19 in the International Convention for the Safety of Life at Sea was adopted in 2013 in the wake of the Costa Concordia incident…
RS Certifies Containers for Upper Stage Rockets
Russian Maritime Register of Shipping (RS) informed it has expanded its competencies in certifying containers for dangerous goods. In 2014 RS certified a new specific…
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
UK Detains 8 Foreign Vessels in November
The U.K.’s Maritime and Coastguard Agency (MCA) announced that eight foreign flagged ships were under detention in U.K. ports during November 2014 after failing Port State Control (PSC) inspection.
US Ebola-aid Ships Return Home
America is leading the global effort to end the Ebola outbreak in West Africa. And part of the Obama Administration's whole-of-government response has included some recent heavy lifting by two ships from the Maritime Administration's (MARAD) Ready Reserve Force, the M/V Cape Rise and the M/V Cape Wrath. Today, the volunteer civilian mariners crewing the Cape Rise and Cape Wrath are home for the holidays.
The Importance of Lloyd’s Open Form Salvage Contract
The importance of shipping to world trade hardly needs stating, carrying as it does more than 9 billion tons of cargo each year in some 4,500,000 vessel movements.