Reuters News

17 Apr 2019

Warren as Prez Would Ban New Offshore Drilling

Source: www.warren.senate.gov

U.S. presidential candidate Elizabeth Warren said she would ban all fossil fuel extraction on federal land and in coastal waters, setting herself apart from a crowded field of Democratic hopefuls who have made climate change a central campaign issue but have yet to outline specific policies. Warren said in a post on Medium that she would sign an executive order on her first day in office for a "total moratorium on all new fossil fuel leases including for drilling offshore and on public lands." "We must not allow corporations to pillage our public lands and leave taxpayers to clean up the mess…

17 Apr 2019

Italy's Salvini: Terrorist presence on migrants boats "a certainty"

Chaos in Libya following General Khalifa Haftar's offensive has increased the risk of terrorist presence on migrant boats headed for Italy, Interior Minister Matteo Salvini said, adding the country's ports would remain closed."Islamic terrorist infiltration is no longer a risk, it has become a certainty: it is therefore my duty to reiterate that no docking will be allowed on Italian shores" he said in a radio interview on Wednesday.Salvini, leader of the anti-immigrant League party, refused to say if Italy's stance could change in case of a full-fledged war in Libya after the flare-up in the cycle of anarchy gripping the country since dictator Muammar Gaddafi was toppled in 2011.(Reuters reporting by Alessia Pe, editing by Valentina Za)

16 Apr 2019

150 Missing After Eastern Congo Shipwreck

About 150 people are missing after a boat sunk on a lake in eastern Democratic Republic of Congo, President Felix Tshisekedi said on Tuesday."I am very saddened by the shipwreck of a pirogue on (Monday) April 15 on Lake Kivu.

16 Apr 2019

Ferretti's Owner Aims to List Yacht Maker

Photo courtesy of Ferretti Yachts

Chinese conglomerate Weichai Group, which owns a near 87 percent stake in Ferretti, plans to list the luxury yacht maker but has still to decide a timetable for the deal, the Italian firm's chief executive said on Tuesday."The listing is an opportunity," Ferretti CEO Alberto Galassi said. "Our Chinese investor sees it as a natural evolution of its investment."He added that the formal process for the initial public offering had not yet started, and that it could be difficult to complete the deal by year-end."It is up to shareholders to decide…

11 Apr 2019

Shell Quits Gazprom-Led Baltic LNG Project

Baltic LNG. Image: Gazprom

Royal Dutch Shell has decided to withdraw from the Baltic liquefied natural gas (LNG), its joint project on the Russian Baltic coast with Gazprom after the Russian gas holding decided to change the concept of the project’s development.“Following Gazprom’s announcement on March 29 regarding the final development concept of Baltic LNG, we have decided to stop our involvement in this project,” Cederic Cremers, Shell Russia’s chairman, said in a statement.According to Reuters, the…

05 Apr 2019

Petrobras Takes Two of Six Port Terminals in Brazil Auction

Brazil auctioned off six port terminals for liquid fuels in the northern state of Para to private operators on Friday, with subsidiaries of state-run oil company Petroleo Brasileiro SA winning two of the areas.The government raised nearly 450 million reais ($117 million) in the auction of the terminals — five in the Miramar port in the city of Belem and one in the Vila do Conde port in the city of Barcarena.The rights to operate the terminals are the latest in a slew of assets Brazil is selling as part of its drive to shore up public finances and reduce a gaping budget deficit.In an auction broadcast online, Petrobras Distribuidora SA - also known as BR Distribuidora - won a 20-year lease on a terminal in the port of Miramar with a bid of 50 million reais ($12.94 million).Petrobras Transpo

04 Apr 2019

IMO Rules to Cause Marine Gasoil Deficit in 2020 - Rystad

* The upcoming International Maritime Organization sulphur regulations for marine fuel will lead to a deficit of 600,000 barrel per day of marine gasoil in 2020, according to consultancy Rystad Energy.* "We estimate that global gasoil/diesel demand growth in 2020 could reach 1.7 mln bpd, 1.4 million bpd of which is from marine bunkers, almost six times the five-year average global gasoil growth," said Bjørnar Tonhaugen, head of oil market research.* The IMO has restricted sulphur content in marine fuels to a maximum of 0.5 percent, down from 3.5 percent now, from the start of 2020. (Reuters, Reporting by Ahmad Ghaddar Editing by Alexandra Hudson)

29 Mar 2019

COSCO Shipping Flags Risks From Oil Price, Trade Dispute

Photo courtesy of COSCO

China's COSCO Shipping Holdings Co Ltd said trade frictions and high oil prices pose risks for the global shipping industry this year, after confirming on Friday that its net profit for 2018 fell by more than half.The state-owned company, the world's third largest container shipping line, said net profit attributable to shareholders slid 53.8 percent to 1.2 billion yuan ($178.83 million) last year from 2.7 billion yuan a year earlier.It had warned profit would slump in January.Revenue rose 33.6 percent as demand for its container shipping and terminal business remained strong, COSCO said.

29 Mar 2019

Customs Demands Bigger Bonds as Tariffs Bite

File Image: AdobeStock / © Nightman 1965

Stephen Wang is counting the costs of President Donald Trump's trade war. He had to put down 12 times more cash as a guarantee to U.S. customs that he would pay the bill for tariffs on the Chinese-made pumps, valves and motors he imports.The cost of the guarantee - a U.S. customs bond - has shot up, an additional hit to importers already facing steep customs bills adding up to tens of billions of dollars for tariffs imposed by the Trump administration on incoming Chinese goods…

28 Mar 2019

Maltese Soldiers Recapture Tanker from Migrants

A small tanker that was hijacked by migrants off Libya docked in Malta's port of Valletta on Thursday after Maltese special forces took control of the vessel, a Reuters witness said.Cargo ship Elhiblu 1 had picked up 108 migrants stranded at sea, some of whom then hijacked the vessel when it became clear that it planned to take them back to Libya.Maltese police arrested four men and the remainder of the migrants were disembarked and boarded onto buses, the witness said.A Maltese military patrol boat stopped the ship from entering Maltese waters and a special operations team was then dispatched to board and secure the vessel, the Armed Forces of Malta (AFM) said in a statement on Thursday.The team was backed by two fast interceptor craft, another patrol boat and a helicopter, the AFM said."

26 Mar 2019

PDVSA Oil Port Paralyzed by Another Blackout

Venezuela's main oil export port of Jose and the country's four crude upgraders have been unable to resume operations following a massive power blackout on Monday, according to industry workers and a union leader close to the facilities.The most recent oil shipment for export, on the carrier Dragon chartered by Russia's Rosneft, left Jose, which is owned by state-run PDVSA, on March 24, according to Refinitiv Eikon vessel-tracking data and PDVSA's trade documents."There is no electricity, everything is paralyzed," oil workers' union leader Jose Bodas told Reuters on Tuesday.The blackout, Venezuela's second major power outage in a month…

26 Mar 2019

UK P&I Club Gets Regulator Clearance for Dutch Brexit Hub

British ship insurer UK P&I Club has received approval from the Dutch regulator for a new subsidiary in Rotterdam to ensure continued access to trade in the European Union in case Britain loses single market access, it said on Tuesday.UK Club is the second specialist Protection and Indemnity (P&I) club to announce regulatory approval for Brexit trading arrangements in the EU. Rival club North said in January it got the green light for its Dublin subsidiary from Ireland's central bank.P&I clubs - mutually owned by their members which are shipping companies - have been an integral part of the City of London for nearly two centuries, insuring ocean going ships against pollution and injury claims…

26 Mar 2019

Four Dead as Migrant Boat Sinks off Turkey

Four people, including a baby, died early on Tuesday morning when a dinghy carrying migrants sank off the northwestern coast of Ayvacik in Turkey, the Turkish coast guard said.A search and rescue operation ended after the coast guard retrieved the 11 other migrants who were onboard, the coast guard said. Reuters video footage showed the surviving migrants, including at least one child, were later rushed wearing blankets aboard ambulances.The boat was carrying Iranian and Afghan migrants, Hurriyet newspaper reported, citing security sources.Turkey became one of the main launch points for migrants taking the sea route to European Union territory in 2015, many fleeing conflict and poverty in the Middle East and Africa.

26 Mar 2019

EU may Extend Med Mission for Air Patrols

File image (CREDIT: Human Rights at Sea)

The European Union is considering a six-month extension to its Mediterranean mission, which is aimed at cracking down on smugglers and migration from Africa, but only for air patrols and training Libya's coast guard, according to a draft statement.The current mandate of the so-called Sophia mission expires this week and Italy wants to change it so that its ships are no longer patrolling and picking up people in the sea. Other states such as Germany want to prolong Sophia.A potential compromise discussed by national diplomats in Brussels on Tuesday…

26 Mar 2019

IMO 2020: Exxon Mobil Projects 25% Decline in High-Sulfur Fuels

© Nickolay Khoroshkov/AdobeStock

Exxon Mobil Corp expects high-sulfur fuel oil demand to fall 25 percent by 2025, as a new set of emission regulations from the International Maritime Organization capping sulfur content in shipping fuel at 0.5% kicks in in 2020, a top-level official at the U.S. oil and gas company said on Monday.The International Energy Agency has forecast high-sulfur fuel oil demand to fall 60 percent next year, while marine gas oil demand to more than double.Exxon's forecast comes as its refining business is struggling to find enough heavy crude to make fuel oil and other distillates, in the face of U.S.

25 Mar 2019

Petrochemical Disaster Causing Houston Shipping Bottleneck

The backlog of vessels waiting to traverse through the Houston Ship Channel grew on Monday while it remained closed to traffic for a third day as emergency workers attempted to clear a petrochemical spill from the Intercontinental Terminals Co (ITC) storage facility in Deer Park, the U.S. Coast Guard said on Monday.Thirty-one vessels waited to enter the Houston Ship Channel on Monday, while another 31 waited to leave, up from 26, respectively, on Sunday morning. The seven-mile section of the Houston Ship Channel from Light 116 to Tucker's Bayou remained closed, said Coast Guard Vessel Tracking Service Watch Supervisor Ashley Dumont. (Reuters,Reporting by Collin Eaton in Houston Editing by Chizu Nomiyama)

22 Mar 2019

US: Russian Ship Suspected of Aiding N.Korea

The U.S. government has named a Russian ship on a list of vessels suspected of providing fuel to Pyongyang, a month after Reuters reported the same ship violated sanctions by carrying out a clandestine transfer to a North Korean tanker.The Treasury Department, which oversees U.S. sanctions, included the Russian vessel, the Tantal, on a new list of "vessels believed to have engaged in ship-to-ship transfers with North Korean tankers."The list was included in updated https://www.treasury.gov/resource-center/sanctions/Programs/Documents/dprk_vessel_advisory_03212019.pdf guidance on addressing North Korea's illicit shipping practices published by the Treasury's Office of Foreign Assets Control (OFAC).

21 Mar 2019

Anadarko Mulls 16 LNG Charters for Mozambique

An LNG carrier transits the Med in a recently taken image (CREDIT: Robert murphy)

Anadarko said on Thursday it would seek long-term charters for around 16 liquefied natural gas (LNG) tankers it would need to ship gas from a proposed project in Mozambique.The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.Anadarko said all the contracts signed so far, for over 9.5 million tonnes a year (mtpa) out of a capacity of 12.88 mtpa, were on a delivered ex-ship (DES) basis.The company could have sold the LNG on a free on board (FOB) basis, as do many U.S.

21 Mar 2019

Ferry Capsizes in Mosul, 80 Feared Dead

At least 79 people died when an overloaded ferry carrying families on an outing sank in the Tigris river in Mosul in northern Iraq, medical sources told Reuters on Thursday.Most of the casualties on the ferry were women and children who could not swim, said the head of Mosul's Civil Defence Authority Husam Khalil.He said the ferry had been loaded to several times its capacity. "It can normally carry 50 people. There were 250 on board before the incident," he said.Five ferry workers were arrested after late on Thursday, security sources said. Rescue workers were still looking for missing passengers.The boat was ferrying people to a man-made island used as a recreational area by families…

21 Mar 2019

Report: FBI Falls Short On Port Threat Assessment

© stockphoto mania/AdobeStock

The Federal Bureau of Investigation is not taking appropriate steps to review and assess potential maritime terrorism risks facing U.S. sea ports, the Justice Department's internal watchdog has found.The audit, released on Thursday by Inspector General Michael Horowitz, found that while top FBI officials believe the country faces a low maritime terrorism threat, that view is actually based on "incomplete and potentially inaccurate information."Moreover, the audit found that the FBI had not conducted its own formal assessment of the matter.In a letter to Horowitz dated Aug.

21 Mar 2019

Ferry Sinks on Tigris River, 40 Dead

© pavalena/AdobeStock

At least 40 people died when an overloaded ferry sank in the Tigris river near Mosul in Iraq, police and medical sources told Reuters on Thursday.Most of the casualties on the ferry were women and children who could not swim, said the head of Mosul's Civil Defence Authority, Husam Khalil.The rescue team is still retrieving survivors and has rescued 12 people so far, Khalil added. (Reuters reporting by Jamal Al-Badrani Editing by Raissa Kasolowsky)

21 Mar 2019

Wintershall: Expanding Offshore Brazil

BASF's oil and gas subsidiary Wintershall  said it would build up its presence in the Brazilian offshore oil sector this year where it won exploration licences in 2018."It is part of our growth course that we are also active in new regions, and Brazil offers great potential," said chief executive Mario Mehren at the company's annual news conference.First results of seismic measurements in three blocks of the Potiguar basin to be operated by Wintershall are expected by mid-2020, he said.Wintershall, which is due to merge with rival DEA in the first half of this year, would also invest in the expansion of gas and oil in its core regions Russia, Norway, Argentina, the Middle East and Germany, he said. (Reuters reporting by Vera Eckert, editing by Riham Alkousaa)

19 Mar 2019

Italy's Salvini in Migrant Boat Stand-Off

Interior Minister Matteo Salvini said on Tuesday he would not let an Italian-flagged charity ship disembark 49 Africans rescued in the Mediterranean, setting up a fresh confrontation with humanitarian groups over migration.The Mare Jonio picked up the migrants, including 12 minors, on Monday after their rubber boat started to sink in the central Mediterranean, some 42 miles (68 km) off the coast of Libya.The vessel headed straight for the nearby Italian island of Lampedusa but was not granted permission to dock and is currently sailing close to land, awaiting further instructions.Salvini, who heads the anti-immigrant League party, has told non-governmental organisations that Italy's ports are closed to them…

Maritime Reporter Magazine Cover Apr 2019 - Navies of the World

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