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Friday, May 7, 2021
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Reuters News

07 May 2021

China Posts Rapid Trade Growth in April

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China extended its impressive trade performance in April, with exports unexpectedly accelerating and import growth hitting a decade high, in a boost to the world’s second-largest economy.A brisk U.S. economic recovery and stalled factory production in other countries hit by coronavirus have propped up demand for goods made in China, analysts say.Exports in dollar terms surged 32.3% from a year earlier to $263.92 billion, China’s General Administration of Customs said on Friday…

05 May 2021

Lebanon Wants No Preconditions for Maritime Border Talks with Israel

Credit:  luzitanija/AdobeStock

Lebanese President Michel Aoun said on Tuesday there should be no preconditions for talks with Israel over their Mediterranean border dispute, key to Lebanon's hopes to find gas reserves amid its worst economic crisis since its 1975-1990 civil war.Negotiations between the old foes were launched in October to try to resolve the dispute, which has held up exploration in the potentially gas-rich area, yet the talks have since stalled.A statement by the Lebanese presidency issued after the resumption of talks on Tuesday said the U.S.

04 May 2021

US Trade Deficit Reaches Record High

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The U.S. trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation's economic activity rebounds faster than its global rivals.Manufacturers lack the capacity to satisfy the surge in demand because of resource constraints and bottlenecks in the supply chain. Inventories are very lean. Demand is being driven by a rapidly improving public health situation and massive government aid to households…

03 May 2021

Australia Reviewing Lease of Darwin Port to Chinese Firm

(File photo: Landbridge Group)

Australia is reviewing the 99-year lease of a commercial and military port in the country's north to a Chinese firm, a government source said on Monday, a move that could further inflame tensions between Beijing and Canberra.Australia overhauled its foreign investment laws late last year, giving the government the retrospective power to impose new conditions or even force a divestment on deals that have already been approved.Defense officials are looking into whether the Landbridge Group…

03 May 2021

Suspected Migrant-smuggling Boat Breaks Apart off San Diego; Four Dead

Four people were killed and more than two dozen injured on Sunday when a boat suspected of attempting to smuggle migrants into California broke apart off Cabrillo National Monument at San Diego's rugged Point Loma, the U.S. Coast Guard said.The initial call arrived just before 10 a.m. (1700 GMT) and prompted a large emergency response, including the U.S. Coast Guard and state and local agencies, as the magnitude of the incident became clear.The 40-foot (12-m) cabin cruiser had been pummeled to pieces by the surf by the time rescue boats arrived…

03 May 2021

LNG Tankers Diverted from India Ports as Surging COVID-19 Cases Hit Demand

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Liquefied natural gas (LNG) cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand, trade and shipping sources said on Monday.Six LNG tankers diverted away from India since April 20, changing the destination to northeast Asia, Europe and Kuwait instead, said Rebecca Chia, an analyst with data intelligence firm Kpler.Further diversions and reduction in shipments to India are expected this week, trade sources told Reuters…

30 Apr 2021

Cargill Steps Up Push to Cut Carbon Emissions from Shipping Fleet

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Cargill, one of the world's biggest charterers of ships, has cut nearly 1.5 million tonnes of gross carbon emissions from its fleet since 2017, a top company executive said, as it steps up efforts to go green.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions.The United Nations aims to reduce the industry's greenhouse gas emissions by 50% from 2008 levels by 2050. This target will require the swift development…

30 Apr 2021

Ships, Equipment in Place to Remove Oil from Stricken Tanker in China

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Ships and equipment needed to remove the remaining cargo from a stricken oil tanker near the Chinese port city of Qingdao are in place and work is expected to start later on Friday as weather conditions have improved, a maritime official told Reuters.The number of ships deployed for the oil spill clean-up has also risen to 21, the official from c said, three days after hundreds of tonnes of oil spilled into the Yellow Sea following a collision in dense fog.Ships are prohibited from entering a 5-mile (8-km) radius from the stricken vessel…

30 Apr 2021

Mexican Yard Services US-sanctioned Tankers that Carry Venezuelan Oil

© Gena Anfimov / MarineTraffic.com

Three Cuban-flagged tankers that are under U.S. sanctions for transporting Venezuelan oil to the Communist-run island have been serviced in the port of Veracruz on Mexico's Gulf coast, according to vessel tracking data and industry sources.The maintenance work on the vessels—one of which was serviced as recently as this month—is a potential breach of sanctions on Venezuela, two lawyers who specialize in U.S. sanctions said.However, the United States has in the past not brought enforcement actions against shipyards for doing work on blacklisted vessels from those countries, according to U.S.

30 Apr 2021

Fewer Shipbuilding Orders Supports Dry Bulk Outlook -Cargill

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A lack of orders for new ships is providing further support to the dry bulk freight market as demand for commodities accelerates, a senior executive at U.S. agribusiness giant Cargill said.The Baltic Exchange's main sea freight index, which gauges the cost of shipping commodities such as grain, iron ore, cement, coal and fertilizer, has rallied close to an 11-year high this week, helped by rising rates for larger capesize ships.Shipping officials say orders for new vessels are…

29 Apr 2021

A Symphony Lightering Operations Set to Start on Friday

© Andrey Erofeev/ Adobe Stock

Work to siphon off the remaining cargo from a stricken tanker was expected to commence on Friday, the vessel's manager said on Thursday, two days after hundreds of tonnes of oil spilled into the Yellow Sea following a collision in dense fog.The size of the spill from the Liberia-flagged tanker A Symphony was revised down to about 400 tonnes (2,920 barrels) on Thursday, from the original estimate of 500 tonnes, and one Chinese maritime official said it seemed to have been contained.A…

29 Apr 2021

Oil Spill Clean-up in China's Yellow Sea Depends on Weather

(Photo: @TankerTrackers / Twitter)

Chinese officials were waiting for better weather before deciding whether to siphon off the remaining cargo from a stricken tanker after hundreds of tonnes of oil spilled into the Yellow Sea after a collision in dense fog two days ago.The size of the spill from the Liberia-flagged tanker A Symphony was revised down to about 400 tonnes (2,920 barrels) on Thursday, from the original estimate of 500 tonnes, and one maritime official said it seemed to have been contained.An official at the Shandong Maritime Safety Administration told Reuters the amount of oil on the tanker…

27 Apr 2021

Clean-up off Qingdao Continues After Oil Spill from Ship Collision

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Clean-up work continued on Wednesday near the Chinese port city of Qingdao, a day after a yet-to-be determined quantity of oil spilled into the Yellow Sea after a tanker carrying around a million barrels of bitumen mix collided with a bulk vessel in thick fog.“There are oil spill experts on the scene that have started clean-up operations,” said a spokesman for Goodwood Ship Management, manager of the Liberia-flagged tanker, A Symphony, that was at anchor when involved in the collision with bulk shipping vessel Sea Justice.China’s Shandong Maritime Safety Administration on Tuesday instructed sh

27 Apr 2021

Saudi Arabia Says it Foiled Vessel Attack off Yanbu

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Saudi Arabia said on Tuesday it had intercepted an explosive-laden boat off the Red Sea port of Yanbu after maritime security firms cited "unconfirmed reports" of an attack on a vessel in the area.A Saudi defense ministry statement on state media did not say whether there had been any damage as a result of the operation by the Saudi navy to intercept and destroy the remote-controlled boat.Security firm Dryad Global had earlier said it received "unconfirmed reports" that a vessel…

27 Apr 2021

Bahri CEO Says None of Its Vessels Attacked off Saudi Arabia

Abdullah Aldubaikhi (Photo: Bahri)

The chief executive of Saudi Arabia's Bahri said none of the firm's vessels have come under attack after a maritime security group cited unconfirmed reports of an assault off the Saudi Red Sea port of Yanbu."None of our vessels have been attacked," Abdullah Aldubaikhi, CEO of National Shipping Company of Saudi Arabia (Bahri), told Reuters by telephone.He said no vessel had been involved in any incident.Dryad Global said earlier it is receiving "unconfirmed reports" that a vessel, possibly the NCC Dammam oil tanker, which is owned by a Bahri unit, has been attacked off Yanbu.(Reporting by Ghaid

27 Apr 2021

Oil Spills Outside China's Qingdao Port after Ship Collision

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A tanker carrying around one million barrels of oil products was involved in a collision near the Chinese port city of Qingdao, spilling oil into the Yellow Sea, China's Shandong Maritime Safety Administration and tanker representatives said on Tuesday.The collision involving anchored Liberia-flagged tanker A Symphony and the Sea Justice took place at 0850 local time (0050 GMT), A Symphony's manager Goodwood Ship Management said in an e-mail."The force of the impact on the forward port side caused a breach in cargo tanks and ballast tanks…

22 Apr 2021

Indonesian Leader Orders All-out Effort to Find Submarine as Oxygen Runs Low

File photo: Indonesian submarine KRI Nanggala (402) (Photo: Alonzo M. Archer / U.S. Navy)

Indonesia's president ordered an all-out effort to find a missing submarine in a race against time to save the 53 crew, whose oxygen supply defense chiefs said would last only until Saturday.Indonesia sent a helicopter and five ships to search waters north of the holiday island of Bali but found no signs of the KRI Nanggala-402, which went missing early on Wednesday during a torpedo drill.“I have ordered the military chief, navy chief of staff, the search and rescue agency and other instances to deploy all the forces and the most optimal efforts to find and rescue the submarine crew…

22 Apr 2021

Safety Body: Equinor's Melkøya LNG Plant Broke Rules Ahead of 2020 Fire

Credit: Equinor

Equinor must fix a series of rule breaches exposed by a fire at its Melkoeya liquefied natural gas (LNG) plant in Norway last year for the plant to reopen, the country's safety watchdog said on Thursday.The September 2020 blaze shut down production at the plant, also referred to as Hammerfest LNG, and Equinor has said it could take until October to be repaired."The serious breaches that we saw are related specifically to management and compliance to procedures ... and also to manning in the organization…

22 Apr 2021

Indonesia: Sailors on Missing Submarine Have Enough Oxygen Until Saturday

File Photo:RI Nanggala (402) Credit: U.S. Pacific Fleet/ CC BY-NC 2.0

The sailors aboard a missing Indonesian submarine have enough oxygen to last until Saturday, aboard a vessel that had been in good condition, the country's defense chiefs said on Thursday, as the search for the submarine continued.There were no signs of the KRI Nanggala-402, with 53 crew aboard as of Thursday afternoon, where a search and rescue mission was ongoing in calm weather conditions.Yudo Margono, the navy chief of staff, said that there would be enough oxygen for the sailors to last until Saturday…

21 Apr 2021

Indonesian Navy's Submarine Goes Missing with 53 Aboard. Oil Spill Spotted Near Dive Spot

File Photo:.RI Nanggala (402) Credit: U.S: Pacific Fleet/ CC BY-NC 2.0

Indonesian rescuers searching for a submarine that went missing with 53 people on board found an oil spill on Wednesday near where the vessel dived, authorities said.The 44-year-old submarine, KRI Nanggala-402, was conducting a torpedo drill in waters north of the island of Bali but failed to relay the results as expected, a navy spokesman said.An aerial search found an oil spill near the submarine’s dive location and two navy vessels with sonar capability have been deployed to assist in the search…

21 Apr 2021

Cargo Ship Grounding in Philippines: Four Crew Dead, 9 Missing

Credit:  Philippine Coast Guard

Four crew members from a cargo ship that ran aground off the southern Philippines have died, while seven have been rescued and a search is continuing for nine others, the Philippine Coast Guard (PCG) said on Wednesday.The crew of LCT Cebu Great Ocean abandoned the vessel, which was carrying nickel ore and 2,000 liters of diesel, before it ran aground in Surigao del Norte province on Monday, the coast guard said.The bodies of the four crew members were found after being washed onto the shore…

20 Apr 2021

Libya's NOC Declares Force Majeure on Port of Hariga Exports

Credit: NOC

Libya's National Oil Corp (NOC) declared force majeure on Monday on exports from the port of Hariga and said it could extend the measure to other facilities due to a budget dispute with the country's central bank.Daily lost income "may exceed 118 million dinars ($26 million)", NOC said in its statement.The port was expected to load about 180,000 barrels per day (bpd) in April, on board six tankers, according to a loading schedule.Libyan oil output hit 1.28 million bpd in March…

19 Apr 2021

Panama to Award Shipyard Operation Contract by Early 2022

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Panama expects to award an $18-million contract between late 2021 and early 2022 for the upgrade and operation of a large shipyard near the Canal, which has been only partially working since last year, authorities told Reuters.After taking back state-owned Balboa's Shipyard from private operation, the maritime authority in mid-2020 awarded temporary concessions for portions of the facility, including two of its three dry docks, to avoid a long suspension of labor in the shipyard following two years of paralysis.The new operator of the facility…

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