Oil Tight on Libyan Port Struggles
Libyan oil production could face protracted disruption as factions in the east seek to seize control of crude exports, adding pressure to a tight global market. Eastern factions have tried to take over oil exports in the past but have struggled to find buyers because Western nations insist they will deal only with the internationally recognised National Oil Corporation (NOC) based in the Libyan capital of Tripoli. But this has not stopped eastern forces from seeking control of the ports, accusing Libya's western-based government of failing to share revenues fairly.
European Commission Signs Grant Agreement: Official Start of NAVAIS
With the signature of INEA (Innovation & Networks Executive Agency of the European Commission) on the Grant Agreement of NAVAIS, the project officially started on June, 1 2018. NAVAIS is a multiannual research- and innovation program for the shipbuilding industry. The results of NAVAIS will increase efficiency in design and flexibility in production networks. In total, the European Commission will invest € 6.5 million Euros ($7.5 mln) over a period of four years, by means of the Horizon 2020 program, the research- and innovation program of the European Commission.
IMO Secretary-General on Key Maritime Issues in China
First stop: the Dalian Maritime University. International Maritime Organization (IMO) Secretary-General Kitack Lim marked the start of the Master's degree programme on Maritime Safety and Environmental Management – a joint programme with the World Maritime University (WMU) during a busy visit to China (10-11 July). Lim told students the course will help to equip them to make their own contribution towards achieving key IMO objectives: helping ensure shipping can continue to serve the global population in a safe and sustainable manner.
Migrant Rescue Ship Won't Take People Back to Libya
Rescue ship Aquarius, which has picked up almost 3,000 migrants from the Mediterranean this year, will carry out rescue missions without waiting for orders from coastguards and will not return people to Libya, its search and rescue head said."When we see there is a vessel in distress, with a high likelihood of people dying, we will go and rescue them immediately as per international maritime law," Nick Romaniuk told Reuters on board the Aquarius.Over the last year coordination…
After Soybeans, EU Touts US LNG Imports to Woo Trump on Trade
The European Union said it was delivering on a deal with U.S. President Donald Trump to buy more U.S. liquefied natural gas (LNG) on Thursday but called on Washington to do more to make its prices competitive.In talks to urge Trump to drop hefty new tariffs last month, the EU's chief executive Jean-Claude Juncker agreed to work to increase imports of U.S. soybeans and LNG to the bloc.The EU has long worked to diversify away from relying on Russia for almost 40 percent of its gas needs by developing LNG infrastructure to access other suppliers like the United States.Whether U.S.
Odin's Eye & the Quiet Trawler
When it was time for France Pelagique to start renewing its fleet, an electric-power alliance of Dutch and Scandinavian yard interests formed up and delivered. The result was the first installation aboard a trawler of NES’s Odin’s Eye, a DC grid solution to integrate another first for trawlers — quiet-running permanent magnate, or PM, propulsion.Where to begin a fleet modernization that ends with green credentials and richer harvests? Well, there are multiple points of contact…
Migrants Rescued by Boxship Land in Sicily
More than 100 rescued migrants from private cargo ship Alexander Maersk, picked up off the coast of southern Italy on Friday, arrived in the southern port of Pozzallo in Sicily on Tuesday. The new Italian government has closed its ports to ships operated by charities in the Mediterranean, saying the European Union must share the burden of disembarking migrants rescued at sea, mostly off the Libyan coast. The Alexander Maersk is a container ship owned by Maersk Line, part of Danish transport and logistics A. P. Moller-Maersk Group, and is not operated by a non-governmental organisation.
BAE Wins $25.7 billion Australian Shipbuilding Deal
Deal covers nine anti-submarine warfare ships; BAE beat Italy's Fincantieri and Spain's Navantia. Britain's BAE Systems PLC has won a A$35 billion ($25.7 billion) contest to deliver anti-submarine warfare frigates for the Australian navy, the Australian government said on Thursday. The nine ships, to be designed by BAE and built by government-owned ASC Shipbuilding in Australia are expected to underpin the country's maritime combat capability for decades to come, the Australian government said in a statement. "The Hunter class will provide the Australian Defence Force with the highest levels of lethality and deterrence our major surface combatants need in periods of global uncertainty," it said of the ships. Australia is a steadfast U.S.
Struggle to Control Libyan Oil Ports Adds to Global Supply Worries
Libyan oil production could face protracted disruption as factions in the east have sought to seize control of crude exports, adding pressure to a tight global market.Eastern factions have tried to take over oil exports in the past yet struggled to find buyers as Western nations insist they will only deal with the internationally recognised National Oil Corporation (NOC) based in the Libyan capital of Tripoli.But this has not stopped eastern forces from seeking control of the ports, accusing Libya's western-based government of failing to share revenues fairly.The latest tussle for power has already slashed national production to about 600…
Repercussions of EU-Japan Pact for Hamburg Port
The European Union (EU) has signed its largest-ever free trade agreement. This aims to boost the economies of the EU and Japan. For instance, the deal will reduce Customs duties and other trade obstacles, stimulate growth and create new jobs.After checking the legal formulation of the text and translation, the agreement will be submitted to the European Parliament and EU member states for approval. Ideally, the pact, which has been in preparation since 2013, can come into force before the European elections in 2019. How could it make itself felt in the Port of Hamburg?
European Shipowners Welcomes EPA
The European Union (EU) and Japan signed the EU-Japan Economic Partnership Agreement during the 25th EU-Japan summit in Tokyo. The European Shipowners welcome the signing of a highly ambitious trade agreement between two of the world's largest economies.“At a time that unilateralism and protectionism are rising, the EU and Japan are sending a strong message in support of free, fair and rules-based trade”, said European Community Shipowners' Associations (ECSA)' Secretary General…
EU Must Speed Up Approvals of Asian Shipbeaking Yards
The European Union should step up its assessment of Asian shipbreaking yards to allow the effective implementation of the Hong Kong Convention, said Maritime Strategies International (MSI).In its MSI Foresight, the independent research and consultancy firm noted that by December 31 2018, all vessels flying the flag of an EU member state (around 12% of the current global merchant fleet) will need to comply with the EU Ship Recycling Regulation (SRR); the rule that brought the Hong Kong Convention into EU law.From 2019 onwards…
London P&I Club Setting up Cyprus Office over Brexit
British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access, the group told Reuters on Friday.Britain dominates the global marine insurance market and losing access to specialist Protection and Indemnity (P&I) clubs could weaken its multi-billion pound shipping services sector."We have … chosen Cyprus to establish our new post-Brexit EU subsidiary, and we are currently going through the process of setting it up and obtaining the necessary license," London Club said in a statement.London Club is one of 13 major global P&I insurers and Europe accounts for over 60 percent of the group's activities.The six P&I clubs regulated in Britain are estimated to account for over half t
Migrant Rescue Ship Arrives in Malta Following Standoff
The Mediterranean rescue ship Aquarius arrived at Valletta harbour in Malta on Wednesday to disembark 141 migrants, ending a five-day tug-of-war between European Union countries which had seen the vessel banned from docking in several ports.The ship, run by the Franco-German charity SOS Mediterranee and Doctors without Borders (MSF), was allowed in after France, Germany, Luxembourg, Portugal and Spain agreed on Tuesday to take in the migrants.(Reporting by Chris Scicluna Editing by Sarah White and Matthew Mpoke Bigg)
Euro Zone Trade in Goods Surplus Shrinks as Exports Drop
Euro zone's surplus for goods traded with the rest of the world dropped in May as exports fell and imports increased, one month before United States' tariffs on European steel and aluminium kicked in, official data showed on Monday.The European Union's statistics office, Eurostat, said the 19-country currency bloc had a goods trade surplus of 16.5 billion euros ($19.3 billion) in May, compared with 19.3 billion a year earlier, according to non seasonally adjusted estimates.The reduced surplus was caused by a 0.8 percent fall in exports compared with a year earlier…
GulfNav Upgrades Fleet to Meet New Environmental Rules
Dubai-based shipping company Gulf Navigation Holding (GulfNav) is upgrading its fleet with new technologies that will help reduce the vessels’ fuel consumption and prepare them for new environmental regulations.Khamis Juma Buamim, Board Member, Managing Director and Group CEO of Gulf Navigation Holding said: "An important investment expense, for which we have allocated a substantial amount of the company’s revenues in this quarter, is the quality upgrade of our ships while they…
UN says Migrants' Return to Libya by Italian Boat Could be Illegal
A rescue operation in which an Italian towboat rescued more than 100 migrants and returned them to Libya earlier this week may have been in breach of international law, the United Nations said on Tuesday.A spokesman for the U.N. migration agency said it could not establish the location of the rescue, which is key to establishing migrants' rights, although some other parties involved in the case have made contradictory assertions about the incident including where it took place.The rescue coincides with a growing perception among human rights groups that some European countries are taking an increasingly hard line in their efforts to cut the number of migrants arriving on their shores…
EU Okays Operation Atalanta HQ Move to Spain
The headquarters of the EU’s anti-piracy missions off the coast of Somalia will be moved from the UK to Spain next year as EU leaders revealed the latest consequence of Brexit."EU NAVFOR confirms that following the decision from the Council of the European Union the mandate of Operation ATALANTA will continue until 31 December 2020," said a press release. EU NAVFOR Somalia, also known as Operation Atalanta, is a current counter-piracy military operation at sea off the Horn of Africa and in the Western Indian Ocean…
Trump Bets on New European LNG Terminals
U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb "vastly" more shipments from the United States but current EU investment in new projects will only help open small markets.In a White House press conference with Italian Prime Minister Giuseppe Conte late on Monday, Trump said part of the U.S.-EU trade talks sought to expand America's reach into the continent's gas markets which were awash in Russian supply."And we are already talking to the European Union about building anywhere from 9 to 11 ports…
White House Escalates China Trade Dispute in hopes for Early Solution: Kemp
The United States has adopted an "escalate to negotiate" strategy towards China, threatening a dramatic hike in tariffs to try to force a resumption of trade talks while the U.S. economy remains strong and as elections approach in November.U.S. President Donald Trump has reportedly rejected a plan to levy tariffs of 10 percent on an additional $200 billion of imports from China and ordered aides to prepare a proposal for tariffs at the higher rate of 25 percent.The levies are…
Italy to Impound German Charity's Migrant Rescue Ship
Italy appeared to relent on Thursday after at first refusing to accept 226 migrants on board a German charity rescue ship, saying later in the day it would take them in but would impound the vessel.Anti-immigrant interior minister Matteo Salvini initially said the Dutch-flagged ship Lifeline should take the people it plucked from the Mediterranean to the Netherlands and not Italy.But transport minister Danilo Toninelli, who oversees the coastguard, later said it was unsafe for…
Italy Tells Rescue Ship to Take Migrants to the Netherlands
Italy's anti-immigrant interior minister accused a German charity on Thursday of ignoring coastguard orders when its Dutch-flagged ship picked up 226 migrants off Libya's coast and he said they should be taken to the Netherlands not Italy.Earlier this month Matteo Salvini pledged to no longer let charity ships offload rescued migrants in Italy, leaving the Gibraltar-flagged Aquarius stranded at sea for several days with more than 600 migrants until Spain offered them safe haven.On Thursday, Mission Lifeline, a charity based in Dresden, Germany, pulled migrants off two rubber boats in international waters even though it was told by Italy that Libya's coastguard was coming to get them, a spokesman for the charity said.
Croatia Reopens Bidding for LNG Terminal Capacity
LNG Hrvatska launched a second round of bidding for potential operators of an offshore liquefied natural gas (LNG) terminal in Croatia's northern Adriatic on Friday, after the previous round drew little interest.Last week, Croatia's parliament passed a law to enable the construction of the terminal, part of a European Union drive to diversify away from Russian gas imports.The project, which will be built on the island of Krk will be partly funded by the EU but has been criticised by environmental groups and local councils.LNG Hrvatska, the company behind the project which is expected to be operational in 2020 or 2021, said interested…