China Oil Imports Collapse; Down 29%
China's trade in major commodities in May underscored that price moves are the primary driver of changes in flows in the world's biggest buyer of natural resources.The headline-grabbing number from customs data was the collapse in crude oil imports to an eight-year low of just 7.79 million barrels per day (bpd). The fallout from the war in Iran was blamed for the 29% slump in crude imports. In the months prior to the start of the conflict on February 28âŠ
Two Crew Missing After Tanker Engine Room Fire off Oman
Two crew members were missing on Wednesday after a fire started in the engine room of a tanker 20 nautical miles northeast of Oman's Sohar, The United Kingdom Maritime Trade Operations agency said.UKMTO reported one casualty, without giving further details, and did not report the cause of the fire.(Reuters - Reporting by Ahmed Elimam; Editing by Alex Richardson)
Western Africa Import of Clean Petroleum Crashes 44% YOY
"During April to May, Western Africaâs clean petroleum product (CPP) imports fell 44% year on year, from 1,144 thousand barrels per day (kbpd) to 642 kbpd,â says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The drop in import volumes cut tonne miles by 47% year on year, lowering the regionâs share of global CPP tonne miles from 5.3% to 3.6%. LR1 and LR2 product tankers recorded the largest declinesâŠ
Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities
Oil prices were steady on Wednesday, as renewed U.S.-Iran hostilities muddied direction, though a forecast U.S. stock draw offered support.Brent futures LCOc1 were up 25 cents, or 0.27%, to $91.70 a barrel at 0736 GMT, while U.S. West Texas Intermediate crude CLc1 was up 23 cents, or 0.26%, to $88.43 a barrel.Prices traded higher earlier on renewed strikes between the U.S. and Iran, before retreating towards the previous session's close.Global stock draws are underpinning pricesâŠ
Dominguez Warns: No Safe Hormuz Passage
Secretary-General of the IMO, Arsenio Dominguez, has issued a warning to the shipping industry:"I am increasingly concerned by reports that vessels continue to attempt to transit the Strait of Hormuz without any credible security guarantees, despite wellâestablished risks and the fact that seafarers have already been killed, injured and others detained in recent incidents.âMy primary concern is for the safety and lives of the seafarers being placed in these situations.
Oil Cargo to Philippines Identified as Iranian Came from Russia
An oil cargo delivered to the Philippines that Kpler had said last month originated from Iran was actually from Russia, the shiptracking firm said this week.Kpler data that had showed the Suezmax tanker Ocean Start delivered Iranian oil crude to Petron's Bataan refinery on May 17 was revised to show the tanker delivered Urals crude from Russia, Kpler told Reuters on Monday.The revision was due to a review of further information on the voyageâŠ
CMA CGM Chief: âUnwiseâ to Assume Hormuz Will Return to Pre-War Situation
It would be "unwise" to assume that the situation in the Strait of Hormuz will return to how it was before the Iran war, the head of French shipping group CMA CGM said on Tuesday.CMA CGM, the world's third-largest container line, is among firms with vessels stranded inside the Gulf since the start of the conflict that has virtually closed the waterway, which carries a fifth of global oil and LNG supply."Even if a solution for peace is implemented in the coming weeksâŠ
Russia Conducts Baltic Sea Drills During NATO Exercises in the Region
Russia's navy has conducted military drills in the Baltic Sea, practising unguided missile launches, bombing runs and missile strikes, it said, as major U.S.-NATO exercises also took place in the region, the Interfax news agency reported on Tuesday.The NATO BALTOPS naval exercise, which began on June 4 and runs until June 20, are the biggest war games in the Baltic Sea this year, bringing together some 20 vessels from 15 nations with around 6âŠ
India's Ship Certifier Cancels Certification for More Than 200 Vessels Amidst Sanctions
India's ship safety certifier is taking a tougher stance on vessels involved in evading international trade sanctions, by cancelling the certification of more than 200 tankers and other ships since 2023, the head of the agency told Reuters.The Indian Register of Shipping (IRClass) is among the world's leading ship certifiers and removal from its list is likely to complicate a vessel's ability to secure insurance and potentially access ports.Since 2023âŠ
The Heavy Lift Group: Navigating a New Reality in Project Cargo Logistics
Escalating geopolitical tensions and regional conflicts are having a profound impact on international trade, subjecting supply chains to intense operational volatility, rigid compliance demands, and significant financial pressures. Out of necessity, logistics providers are taking a more selective, risk-averse approach when preparing and executing their business plans.For The Heavy Lift Group (THLG)âŠ
US Energy Chief: Oil Exports, Ship Traffic Through Hormuz Will Continue to Rise
U.S. Energy Secretary Chris Wright said on Tuesday that ship traffic in the Gulf and oil exports through the Strait of Hormuz are rising even as Washington and Tehran struggle to reach a deal on ending their more than three-month-old war."I would say rising very meaningfully," Wright said when asked how ship traffic is flowing through the strait compared to a week or two ago. He said oil exports throughâŠ
Norwegian Parliament Votes to Review Floating Wind Subsidies
Norway's parliament on Tuesday ordered the government to review its planned subsidy for the country's first commercial floating offshore wind farm, raising concerns of a full development stop and a wider impact on energy transition projects.A proposal by the opposition Conservative Party seeking financial scrutiny of a 35 billion Norwegian crowns ($3.70 billion) subsidy for floating wind was supported by the Progress Party, the Christian People's Party, and the far-left Red Party.The minority go
US Navy Drone Rescues Apache Helicopter Crew
In a first, a Navy surface drone found and rescued two crew members from an Army Apache attack helicopter that went down in waters near Oman's coast, the U.S. military told Reuters, and President Donald Trump said the pilots were "fine."The U.S. military's Central Command said the AH-64 Apache went down at around 3 a.m. local time on Tuesday (2300 GMT on Monday) near the coast of Oman while patrolling regional waters.It gave no reason for the crash. The U.S.
M/V Bob Nienhuis for Hines Furlong Line Built By Intracoastal Iron Works
Another vessel has moved through construction for Hines Furlong Line, Inc., with the M/V Bob Nienhuis built at Intracoastal Iron Works in Bourg, Louisiana as part of the company's ongoing 11-boat program.The 2,400 horsepower vessel measuring 78' x 34' x 10' is configured with a triple-screw propulsion system powered by three Mitsubishi S62 Tier 3 engines, each rated at 803 horsepower at 1,400 RPM.
Al-Designed CTV Saves 100,000 Liters of Fuel, 258 Tons of CO2 a Year
Compute Maritime, the deep tech company behind NeuralShipper, the world's first Al platform for ship design, has revealed the results of its UK Government-funded project, GenDSOM, to bring generative Al and additive manufacturing into ship design.Working with consortium partners Siemens Digital Industries Software, Rapid Fusion, HP, BYD Naval Architects and the University of Southampton, the project has produced a next-generation crew transfer vessel (CTV) for the offshore wind sector thatâŠ
USCG: Marine Boiler Burner Inspection, Safety Recommendations
On January 4, 2025, while moored in the Port of Mobile, Alabama, a foreign-flagged cargo vessel equipped with a SAACKE Monoblock Rotary Cup Burner SKVJ-M 14 Mark I burner system on a marine boiler experienced a significant engine room fire. The incident began with a high-pressure fuel leak from the oil fittings block, which caused atomized marine diesel oil to ignite on the hot surface of a nearby auxiliary generator exhaust stack.
bound4blue Model 3-24 eSAI Receives DNV Type Approval
bound4blue has received Type Approval Design Certification (TADC) from DNV for its Model 3-24 eSAIL, the companyâs largest and most powerful installed suction sail. The approval, formally presented during a handover ceremony at last weekâs Posidonia in Athens, confirms the systemâs compliance with DNVâs classification requirements for safety, structural integrity, and design robustness.bound4blueâsâŠ
Eastern Shipbuilding Delives Ferry Falcon for Fisher Island
Eastern Shipbuilding Group delivered the vehicle-passenger ferry Falcon to the Fisher Island Community Association (FICA), where it aims to provide reliable transportation service to the Fisher Island community.Falcon completed trials prior to delivery and has entered service supporting daily operations between Fisher Island and Miami.âWe are honored to deliver the Falcon to the Fisher Island Community Association,â said Joey DâIsernia, Chairman and CEO of Eastern Shipbuilding Group.
Liebherr to Supply Six Offshore Cranes for TenneTâs Wind Grid Projects
Crane specialist Liebherr will supply six RL 2600 offshore cranes for TenneT's 2 GW offshore wind transmission projects in the Netherlands under a contract with Singapore-based engineering, procurement and construction contractor Seatrium.The cranes will be installed on the IJmuiden Ver Beta, IJmuiden Ver Gamma and Nederwiek Beta offshore converter platforms, with two cranes allocated to each platform.
USCG Issues Prototype Shaft Seal Warning
The U.S. Coast Guard (USCG) identified a safety concern after a prototype component used in a mechanical shaft-seal system failed onboard a USCG inspected deep draft vessel.On February 19, 2025, a U.S. flagged crude-oil tanker transiting near Delaware Bay experienced simultaneous failures of its port and starboard shaft seals, resulting in substantial seawater ingress.The crew deployed emergency collarsâŠ
