NOC Declares Force Majeure on Zueitina, Hariga Liftings
Libya's National Oil Corporation (NOC) declared force majeure on loadings from Zueitina and Hariga ports on Monday, it said in a statement. "Despite our warning of the consequences and attempts to reason with the LNA General Command, two legitimate allocations were blocked from loading at Hariga and Zueitina this weekend," Tripoli-based NOC Chairman Mustafa Sanalla was quoted as saying. "The storage tanks are full and production will now go offline." Reporting by Aidan Lewis
Tanker Arrives to Load Oil at Libya's Hariga Terminal
A tanker that eastern officials had prevented from loading for two weeks at Libya's Hariga oil port entered the terminal on Wednesday to start loading one million barrels of crude, a port official said.The tanker had been blocked in a standoff between rival factions that oil officials say has now ended.(Reporting by Ayman al-Warfalli Writing by Aidan Lewis Editing by Louise Heavens)
Libya Oil Output Slashed by Port Attacks
Libya has lost some 400,000 barrels per day (bpd) of oil production in recent days because of militant attacks at the Ras Lanuf and Es Sider ports, the head of the National Oil Corporation, Mustafa Sanalla, said on Tuesday.Sanalla said there were still militants present in the area of the terminals, which were closed on Thursday following an early morning attack by opponents of eastern-based Libyan commander Khalifa Haftar."We look to fight the fire first of all, stabilise the situation…
NOC Tanker Refused Berth in Libya
Officials at Libya's Zueitina oil port have not authorized a tanker contracted by Tripoli-based National Oil Corporation (NOC) to berth, port and industry sources said on Thursday.Zueitina is one of the oil ports that the eastern-based Libyan National Army (LNA) said it would transfer to a parallel NOC, which is based in the eastern city of Benghazi, after fighting this month at the Ras Lanuf and Es Sider terminals.One tanker, the Felicity, finished loading at Zueitina on Thursday under contract from NOC in Tripoli but a second tanker, Amore Mio II, was waiting in the port area without permission to berth, sources said.The head of the parallel NOC, Faraj Said, said he had ordered ports to prevent the entry of any tanker not authorized by his office.An engineer at Zueitina port confirmed th
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…
Danaos Corporation Slashes Debt
Danaos Corporation, a leading international owner of containerships, has announced the consummation of its previously announced debt refinancing , significantly strengthening the Company's capital structure and reducing its outstanding debt by approximately USD 551 million.The debt refinancing strengthens the Company's financial position through the significant debt reduction, reset financial and certain other credit facility covenants, modified interest rates and amortization profiles and the extension of existing debt maturities by approximately five years to December 31, 2023.
Israel Warns of Military Response if Iran Closes Red Sea Strait
Israel would deploy its military if Iran were to try to block the Bab al-Mandeb strait that links the Red Sea to the Gulf of Aden, Prime Minister Benjamin Netanyahu said on Wednesday.Last week, Saudi Arabia said it was suspending oil shipments through the strait, on the main sea route from the Middle East to Europe, after Yemen's Iran-aligned Houthis attacked two ships in the waterway.Saudi Arabia and Iran are in a three-year-old proxy war in Yemen, which lies on the eastern side of Bab al-Mandeb.Yemen's Houthis…
Royal Caribbean Buys $1 Bln Stake in Silversea Cruises
Royal Caribbean Cruises Ltd (RCL.N) said on Thursday it would buy a 66.7 percent stake in privately owned Silversea Cruises for about $1 billion to add ultra-luxury and expedition cruises to its fleet.Silversea Cruises, which has nine ships, sails to destinations including Antarctica, the Arctic and Greenland, with most of its tickets selling for more than $5,000.In contrast, the most expensive cruises run by Royal Caribbean under its Azamara Club Cruises brand cost around $3…
East Libyan Forces Advance to Retake Oil Ports
East Libyan forces said on Thursday they had retaken the shuttered oil ports of Es Sider and Ras Lanuf, though clashes resumed south of Ras Lanuf in the afternoon after a counter-attack by rival factions.Staff were evacuated from terminals in Libya's eastern oil crescent and exports were suspended last Thursday when armed opponents of eastern-based military commander Khalifa Haftar stormed the ports and occupied them.The closure has led to production losses of up to 450,000 barrels…
Storage Tank at Libya's Ras Lanuf Oil Port Has Collapsed
One of two oil storage tanks ignited amid clashes at the Libyan oil port of Ras Lanuf has collapsed after burning for two days, a local engineer and a fire fighter said on Tuesday.Ras Lanuf's storage tank No. 12 was set on fire on Sunday, three days after another storage tank, No. 2 caught ablaze during an attack by an armed group.Libya's National Oil Corporation (NOC) has said that at least 400,000 barrels of storage capacity has been lost due the fires.Reporting by Ayman al-Warfalli Writing by Aidan Lewis
Libya Coastguard Commander Says He Hits Migrants to Protect Them
A Libyan coastguard commander sanctioned by the United Nations for alleged human trafficking and migrant smuggling said he hits migrants but does so for their own safety to prevent them from capsizing.Abdalrahman al-Milad, who heads a coastguard unit in Zawiya, just west of Tripoli, was one of six people sanctioned for involvement in people trafficking or smuggling in Libya on June 7, in the first move of its kind.The sanctions freeze bank accounts of those listed and ban them from travelling internationally…
Cananda Chamber of Shipping on Anchorage Operations
The Chamber of Shipping welcomes the federal government’s announcement of details concerning the review and modernization of anchorage operations as part of the Oceans Protection Plan. Commercial shipping results in $30 billion of economic activity annually in Canada and, at 1.8% of the Canadian economy, ships move more than $200 billion worth of goods to and from global markets. From farmers to retailers, many Canadian jobs depend on a healthy and thriving trade environment supported by a robust and fluid marine transportation network.
Tankers Load After Libyan Oil Pipeline Fix
Repairs have been finished on a Libyan oil pipeline damaged in a suspected attack five days ago and production is restarting gradually, engineers said. The blast and resulting fire on Tuesday about 130 km (80 miles) south of the Es Sider terminal caused a drop in output estimated by the National Oil Corporation (NOC) at 70,000-100,000 barrels per day (bpd). An engineer from the company that operates the pipeline, Waha Oil Co, said damaged parts had been replaced and flows would start returning to previous levels.
Algeria Inks Deal with Vitol to Cut Fuel Imports
Algeria's state energy company Sonatrach said it has signed a deal with oil trader Vitol to send crude abroad for refining as the country seeks to reduce a record fuel import bill. CEO Abdelmoumen Ould Kaddour said Sonatrach would pay processing costs before bringing refined fuel back to Algeria, and said it was also negotiating to buy shares in a foreign refinery, but did not give details. "Our goal is to reduce our imports of gasoline, they are too high," Ould Kaddour told reporters on Tuesday. The deal is due to take effect in early February, according to a document seen by Reuters.
USNS Hershel 'Woody' Williams Delivered
The fourth expeditionary sea base vessel, USNS Hershel “Woody” Williams, was delivered to the U.S. Navy’s Military Sealift Command (MSC) on February 22. Shipbuilder General Dynamics NASSCO began constructing the 784-foot-long ship in October 2015, applying lessons learned from ESB 3, USS Lewis B. Puller, throughout the ESB 4 build. The vessel, named after World War II Medal of Honor recipient Hershel “Woody” Williams, is designed to carry out various missions including air mine counter measures…
CMA CGM Plans Multi-Temperature Logistics Facility at DP World
CMA CGM, a world leader in maritime transport, is to take a long-term lease and invest in a build-to-suit, multi-temperature warehouse facility at DP World London Gateway Logistics Park. The CMA CGM Group will occupy, through its international freight forwarding and logistics solutions subsidiary, a one hectare cold store facility within a 2.4 hectare logistics plot development on the River Thames and located close to main road access into the London area. This state-of-the-art facility…
Israeli Navy Kills Palestinian after Boat Breaches Sailing Limit
A Palestinian from the Gaza Strip died on Sunday after the Israeli navy fired on the boat he and two others were sailing in, a military spokeswoman said. The navy opened fire after the boat ignored warnings and strayed from a permitted fishing area in the northern Gaza Strip towards Israel, the spokeswoman said. One of the men in the boat was seriously wounded and later died. But the Gaza fishermen’s union said the boat was targeted as it was making its way back to Gaza, and Nizar Ayyash…
Methanol Plant at Libyan Port Shut after Accidental Blast
A methanol plant in the Libyan oil port of Brega has stopped operations after an accidental explosion caused by a gas leak, an official said on Tuesday. The plant will remain shut until safe operations can be guaranteed, but it was not clear how long this would take, said Issa Mukhtar, an official at Sirte Oil Company which runs the plant. One worker was injured by the explosion which occurred early on Saturday and was caused by a leak in a natural gas heating unit, Libya's National Oil Corporation (NOC) said. Firefighters dealt with the blast, which could be heard across the surrounding area, a Sirte Oil engineer said. (Reporting by Ayman al-Warfalli Writing by Aidan Lewis; editing by David Evans)
US Navy: 355-Ship Fleet is the Mandate, Funding It is Fuzzy
As Congress wrestles with the budget, there is at least a bipartisan consensus that defense spending should grow, and that includes growing the Navy’s fleet. The current goal is 355 ships, an admirable goal, but an objective that faces many cost hurdles. The surface fleet (which excludes submarines and aircraft carriers) needs to grow in capability and capacity. The numbers of ships being procured or envisions would increase as the total n umber of ships increases, but the number in this story represents current program status.
Satellite Images Show China's Show of Force in South China Sea
Dozens of Chinese naval vessels are exercising this week with an aircraft carrier in a large show of force off Hainan island in the South China Sea, satellite images obtained by Reuters show. The images, provided by Planet Labs Inc, confirm a Chinese carrier group has entered the vital trade waterway as part of what the Chinese navy earlier described as combat drills that were part of routine annual exercises. The Liaoning carrier group last week traversed the Taiwan Strait, according to the Taiwanese defense ministry.
Experts to Highlight Viable Power and Propulsion Solutions
Automotive manufacturers including Tesla and BMW are redefining the energy possibilities for land transport. Hybrid systems are now commercially available and operating successfully in fleets around the world. Tenders for hybrid vessels are coming out with increasing frequency as historic and high profile European maritime cities including London, Paris and Amsterdam aim to reduce emissions. NEXT GENERATION Marine Power & Propulsion conference is being held in Southampton, U.K. on April 18 and 19, 2018. All sectors are invited to participate in this unique event.
Subsea 7 Makes Hostile Bid for McDermott
Offshore oil services firm Subsea 7 has made an unsolicited offer worth about $2 billion for U.S. rival McDermott, potentially breaking up the U.S. company's agreed deal with onshore engineering firm Chicago Bridge & Iron (CB&I).The deal could make Oslo-listed Subsea 7 the market leader in supplying and installing subsea equipment for oil and gas firms with a combined market share of 24 percent, followed by TechnipFMC with 20 percent and Saipem with 15 percent, an Oslo-based consultancy…
Nigerian Migrants Sue Italy for Aiding Libyan Coast Guard
Nigerian migrants who survived a deadly sea crossing last year filed a lawsuit against Italy for violating their rights by supporting Libya’s efforts to return them to North Africa, their lawyers said on Tuesday.Seventeen plaintiffs petitioned the European Court of Human Rights last week, Violeta Moreno-Lax, a legal advisor for the Global Legal Action Network, told reporters. She was among four lawyers and several humanitarian groups involved in the case.The migrants say Italy violated multiple articles of the European Convention on Human Rights…