PDVSA Raises Prospect of Force Majeure on Oil Exports
OPEC member Venezuela has raised the prospect of declaring force majeure on contracts with major crude buyers amid plummeting output from its oil fields and tanker bottlenecks at ports, according to three sources familiar with the matter.Falling production from Venezuela has contributed to a rally in global oil prices to a near four-year high, and other OPEC members may boost output at a meeting laterā¦
Famous Crab Fishing Boat Gets a New Crane
Captain Sig Hansen has been fishing crabs in Alaska aboard the F/V Northwestern for more than 30 years. In 2005, Discovery Channel aired the documentary TV show āDeadliest Catchā, which portrays real life aboard fishing vessels in the Bering Sea. Since then, he has been one of the most charismatic characters of the globally watched TV show.In April 2018, PALFINGER MARINE received a purchase order fromā¦
Techcross Awarded USCG BWMS Type Approval
The U.S. Coast Guard Marine Safety Center issued the seventh U.S. Coast Guard Ballast Water Management System Type Approval Certificate to Techcross, Inc., afterā¦
LR Grants AiP for Dual-fuel Bulker Design
Lloyd's Register presented Approval in Principle (AiP) to Shanghai Waigaoqiao Shipbuilding Co., Ltd (SWS) for its liquefied natural gas (LNG) dual-fueled Newcastlemax 210,000 DWT bulk carrier design during a ceremony this week at the Posidonia 2018 trade show in Greece.SWS and LR have agreed to jointly develop the bulk carrier design, which is based on an existing conventional bulk carrier design and updated to incorporate LNG propulsion.LR provided assistance and supportā¦
Shell Launches New Engine Oil for Tugs and Fishing Vessels
Shell Marine is launching Shell Marine 40, an engine oil for use in high-speed diesel engines in the fishing and tug boat segments.Shell Marine 40 has been formulated to react to the combustion processes that take place in high-speed engines, giving added protection and extended machinery life to vessels whose unavailability can have disproportionate cost consequences further along the supply chain.Fuel is one of the largest vessel operating costsā¦
YM Efficiency Docks in Sydney after Losing 83 Containers at Sea
A Taiwan-owned cargo ship docked safely in Sydney on Wednesday after losing 83 containers off the coast of Australia during a massive storm which saw the ship batteredā¦
Baltic Index Up On Stronger Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday as capesize rates jumped to their highest in almost three weeks.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose for a fifth consecutive session and was up 91 points, or 7.3 percent, at 1,340 points.* The capesize index, which was also up a fifth straight session, gained 253 points, or 13.8 percent, at 2,088 points.* Average
EU Plans to Hit US Imports with Duties from July
The European Union expects to hit U.S. imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and aluminium.EU members have given broad support to a European Commission plan to set 25 percent duties on up to 2.8 billion euros ($3.3 billion) of U.S. exports in response to what is sees as illegal U.S. action. EU exports that are now subject to U.S.
VLCC Carrying Diesel Changes Destination for Third Time
New-build VLCC Maran Aphrodite, which is carrying a 200,000 metric ton diesel cargo from Asia, has changed its final destination for a third time, according to Reuters ship-tracking data.The ship was
Tunisia Sees Sharp Rise in Boat Migrants
Tunisia stopped about 6,000 migrants leaving its coast for Europe in the first five months of the year - a sharp increase from the few hundred prevented in the same period last year, an interior ministry official said on Wednesday.Human traffickers have increasingly moved operations to Tunisia since a crackdown by the coastguard in neighboring Libya.Scores of migrants died when the boat carrying them sank on Sunday in the worst such incident off Tunisia's coast.
BMT Acquires OBEG Fire Investigators
BMT announced it has acquired OBEG, a fire investigation group based in the Netherlands.OBEG was founded and built by Erik Overtoom who has over 25 yearsā experience in forensic fire investigation of public property, industrial and marine fires. Overtoom is also head of the Dutch chapter of the U.S.ā IAAI (International Association of Arson Investigators), and head lecturer at the Dutch Fire Academy.Theā¦
SunStone Orders Third Expedition Ship from China
SunStone Ships, Inc. announced it has finalized an agreement with shipbuilder China Merchants Industry Holdings Co. Ltd. to build a third Infinity class expedition cruise vessel, to be named Ocean Victory. The newbuild is scheduled to be delivered in March 2021.SunStoneās President & CEO, Niels-Erik Lund, commented, āWe are pleased with the rapid adoption of the Infinity-class vessels. It seems our European design and technologyā¦
APM Terminals Uruguay Inches to Zero Carbon Emissions
APM Terminals Inland Services Uruguay (also known as Montevideo Port Services SA) switched on 648 solar panels this month, capable of producing 228.6 MWh per yearā¦
Scorpio Tankers Sells, Leaseback Six Tankers
Scorpio Tankers announced that it has agreed to sell and leaseback six MR product tankers (STI Battery, STI Milwaukee, STI Tribeca, STI Bronx, STI Manhattan, andā¦
OOCL Wins Corporate Environmental Leadership Gold Award
Orient Overseas Container Line is very honored to be the first carrier in the international transportation and logistics industry to receive the Gold Award at theā¦
IMO GHG Strategy in Focus at European Parliament
Members of the European Parliament and other stakeholders have been briefed on the Initial International Maritime Organization (IMO) Strategy on Reduction of GHG emissions from shipsā¦
Deendayal Port to Have Fertiliser Cargo Facility
The Standing Finance Committee of Ministry of Shipping in India has cleared a project for setting up an exclusive, fully mechanized handling facility for fertilizer cargo at Deendayal Port in Kandla.
Keppel to Build South East Asiaās First LNG Bunkering Vessel
Keppel Offshore & Marine Ltd (Keppel O&M) through its wholly-owned subsidiary, Keppel Singmarine Pte Ltd, has secured a contract from FueLNG, a joint venture betweenā¦
Container Handling Up 45% at King Abdullah Port
Rayan Qutub, CEO of King Abdullah Port, has announced that the port has achieved new heights in container handling this year, already showing a 45% increase duringā¦
Panama Canal Sets Monthly Tonnage Record
Yesterday, for the third time since the inauguration of the Expanded Canal, the Panama Canal set a new monthly tonnage record of 38.1 million tons (PC/UMS) after facilitating the transit of 1,231 vessels in May 2018.The previous record was established in January 2017, when 1,260 vessels transited 36.1 million tons (PC/UMS) through the waterway, just a month after setting the record with 35.4 million tons (PC/UMS) transited by 1ā¦
