Reuters News

17 Jan 2020

World Seaborne Coal Trade Rose 0.7% in 2019

©  jeayesy / Adobe Stock

Seaborne coal trade around the world grew 0.7% last year, helped by higher output in China and Indonesia and more export activity by Indonesia, Australia, Russia and Canada, Germany's VDKI coal importers lobby said on Friday.Imports and exports, counted together, rose to 1.218 billion tonnes from 1.210 billion tonnes in 2018, VDKI Managing Director Franz-Josef Wodopia said in an speech made available to Reuters, citing VDKI estimates.Within the 2019 total, trade in coking coal used for steelmaking dropped by 1% to 287 million tonnes as steel production declined, the Verein der Kohlenimporteure

15 Jan 2020

Maersk Chief Warns EU Antitrust Policy Benefits China, US

© Oliver Hoffman / Adobe Stock

Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview."Is it really a good idea that we don't allow the creation of a European global champion? In doing so, we risk being outperformed by a Chinese company, over which the European Union has no influence," Maersk CEO Soren Skou told Danish business daily Finans.A Maersk spokeswoman confirmed his comments to Reuters.Skou is a member of the European Round Table for Industry (ERT)…

14 Jan 2020

China Tax Waiver for Cleaner Ship Fuel Exports

Copyright: Suriyapong/AdobeStock

China has approved a long-awaited tax waiver on exports of cleaner ship fuel, paving the way for refiners to boost output, though Beijing may initially limit shipments to focus on growing its coastal marine fuel market, state refiner officials say.Ships globally have switched to lower sulphur fuels, or use emissions-removing devices, to comply with new rules imposed by the International Maritime Organization this year.China's State Council, or cabinet, gave the go-ahead to waive taxes on the 0.5% or very low sulphur fuel oil (VLSFO)…

14 Jan 2020

Russian Tanker Back in Region After Shipping U.S. LNG to Europe

© O.B. / MarineTraffic.com

A Russian gas tanker that is used to secure energy supplies in the west Russian enclave of Kaliningrad has arrived back in the region after being leased out to transport U.S.-produced LNG to Europe, Refinitiv Eikon data showed on Tuesday.Two energy sources told Reuters in November that energy trader Gunvor had leased the Marshal Vasilevskiy tanker from Russian state-controlled gas company Gazprom for loading an LNG cargo in the United States.That surprised the LNG shipping market because U.S.

14 Jan 2020

Damen, Luerssen to Build German Warships

Image: BAAINBw/MTG Marinetechnik

Germany has awarded Dutch shipyard Damen a contract to construct at least four new multi-role warships worth nearly 6 billion euros ($6.7 billion) in an alliance with its Bremen-based partner Luerssen, the armed forces and budget lawmakers said on Tuesday.The ship tender is one of Germany's biggest arms projects, along with a contract for the MEADS missile defence system and the new Franco-German fighter jet (FCAS), underlining Berlin's efforts to increase its military capabilities.The first warship is expected to be delivered in 2027…

09 Jan 2020

Mideast Tensions Create Insurance Headache for Tanker Owners

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Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in Iraq over the last week - higher insurance bills.According to industry sources, payments known as war risk premiums for tankers shuttling through the Strait of Hormuz could rise significantly, adding hundreds of thousands of dollars to shipping costs in some cases that will ultimately…

03 Jan 2020

Venezuela Alters Oil Royalty Formulas, Driven by IMO 2020

© Parilov / Adobe Stock

Venezuela has changed the formulas for calculating royalties energy companies pay the government to remove references to fuel oil and some crude grades, driven by stricter rules governing marine fuel emissions, according to a document seen by Reuters.A ban by the United Nations shipping agency, the International Maritime Organization (IMO), on the use of fuels with a sulfur content above 0.5%, aimed at reducing pollution, has roiled oil markets and caused price volatility for…

03 Jan 2020

Indonesia Boosts Patrols After Chinese 'Trespass'

(Photo: Indonesia Directorate General of Sea Transportation)

Indonesia has increased patrols around islands near the disputed South China Sea after a Chinese coast guard vessel "trespassed" into Indonesia's exclusive economic zone, authorities said on Friday.The Chinese vessel entered waters off the coast of the northern Natuna islands in mid-December, leading Indonesian foreign ministry to issue a “strong protest” and summon the Chinese ambassador in Jakarta.Speaking in Beijing on Tuesday, Chinese Foreign Ministry spokesman Geng Shuang…

02 Jan 2020

Containership Grounds in the Bosphorus Strait

A foreign cargo ship ran aground in Istanbul's Bosphorus strait on Friday, requiring a rescue operation and prompting authorities to temporarily close the picturesque and crowded waterway running through Turkey's largest city.There were no injuries or casualties, the governor's office said, adding that the ship had reported engine failure shortly before its grounding near the shore.There was no damage to the concrete walkway running along the shore, Reuters witnesses said.The Bosphorus, among the world's busiest shipping routes, was temporarily closed to international traffic as boats towed the vessel south towards the Sea of Marmara.The Liberian-flagged Songa Iridum had come from Ukraine's Odessa and was headed for Istanbul's port of Ambarli, according to Refinitiv Eikon shipping data.

24 Dec 2019

Ecuador Frets Over Sunken Galapagos Barge Salvage

AdobeStock / © SL Photography

Ecuador's environment minister, Raul Ledesma, said on Monday that a situation involving a sunken barge in the Galapagos Islands which was carrying 600 gallons of diesel is under control but added that authorities are "very concerned" about the vessel's recovery.The barge sank on Sunday after a crane at the La Predial dock of San Cristobal - the easternmost island of the Galapagos archipelago - fell while unloading cargo, Ecuador's navy said in a statement on Twitter.Located around 1…

20 Dec 2019

Singapore Jails Tanker Captain in Shell Theft Case

AdobeStock / © Renaschild

The captain of a Vietnamese oil tanker has been jailed for over five years in Singapore for his role in a scheme that saw around $150 million of oil stolen from Shell's biggest refinery over several years.Doan Xuan Than, 47, was sentenced to 66 months in prison on Thursday, a spokesman for the State Courts of Singapore said, becoming the second person jailed in a case that also involves former employees of Royal Dutch Shell who allegedly conspired to siphon oil from the firm's Singapore refinery.The theft…

19 Dec 2019

$5B Fund Proposed for Emissions R&D

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Shipping associations have proposed creating a research fund with $5 billion raised by the industry to develop technology to help the sector meet U.N. targets on cutting emissions.The global shipping fleet, which accounts for 2.2% of the world's CO2 emissions, is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.International shipping associations called on Wednesday for a mandatory contribution of $2 per tonne on fuel used by ships to raise money for a research fund to help develop cleaner technology for the industry.U.N.

18 Dec 2019

Maersk, Tide Maritime Targeted in Petrobras Probe

© Alexander Filon / Adobe Stock

Brazilian authorities on Wednesday targeted Maersk and other companies for allegedly paying bribes to get an edge in securing shipping contracts with state oil firm Petroleo Brasileiro SA, in the latest phase of a sprawling graft probe.Federal prosecutors said in a statement that Denmark's Maersk, the world's largest shipping company, was involved in allegedly paying $3.4 million in bribes related to 11 shipping contracts with Petrobras, worth 592 million reais ($141.07 million).Maersk was not immediately able to comment when contacted by Reuters.

11 Dec 2019

Chinese Tanker Spurns Malaysian Inspections

An oil tanker, which shipping data showed was managed by a Chinese company under U.S. sanctions, refused to allow an inspection by maritime authorities while anchored in Malaysian waters, Malaysia's maritime agency said.Silvana III's commercial manager is Kunlun Shipping Co Ltd, according to shipping transparency website Equasis.org.Kunlun is one of several firms placed under U.S. sanctions this year for alleged involvement in transporting oil from Iran.The Malaysian Maritime Enforcement Agency (MMEA) said the Silvana III, which anchored off Kuala Kurau on Malaysia's west coast on Dec. 5, did not follow instructions to drop its ladder to allow officers to conduct checks."After several attempts to instruct the ship to drop ladder were not heeded…

05 Dec 2019

Pirates Kidnap 19 Crew from Tanker off Nigeria

© Christin Boggs Peyper / Adobe Stock

Pirates have kidnapped 19 crew members from a crude oil tanker off Nigeria in an area where acts of piracy are on the rise, an official with the ship's operator said on Thursday.The loaded vessel, the Nave Constellation, was attacked 77 nautical miles off Bonny Island on Tuesday and 18 Indians and one Turk from the crew were seized, the official said.Seven other crew members remain on board the vessel. Neither the vessel nor the cargo were damaged, the official said.The shipping…

02 Dec 2019

Fuel Market Calm ahead of IMO Changeover

AdobeStock / © 14KT Gold

Fears about a shortage of diesel and other middle distillates stemming from new marine pollution regulations have receded, with distillate premiums falling to some of the lowest levels for two years.From the start of 2020, ocean-going ships will be required to use low-sulphur fuels or employ exhaust gas cleaning systems, known has scrubbers, under pollution control rules approved by the International Maritime Organization (IMO).Fuel traders and shipowners have warned for several…

27 Nov 2019

CMA CGM to Raise $2bn Via Selling Terminal, Ships

Pic: CMA CGM

French container shipping giant  CMA CGM plans to sell selected port terminals, ships and other assets to raise roughly $2 billion to finance its acquisition of CEVA Logistics, according to Reuters.Chinese state-owned conglomerate China Merchants Port has entered into a Memorandum of Agreement (MOA) with CMA CGM to acquire interests in a portfolio of 10 terminals from the French container line and its affiliates via Terminal Link for a total consideration of $955 million.As part of the deal…

27 Nov 2019

Four Dead, 16 Missing after Failed Med Crossing

Four migrants have died and up to 16 more are missing after trying to cross into Europe from North Africa on a small raft, Spain's coastguard said on Wednesday.Rescuers saved 58 people from the raft, which was found drifting around 37 miles off the coast of Morocco on Tuesday night. Three bodies were recovered from the water and another migrant died after being taken to shore, a spokeswoman for the coastguard said.Sea-borne migration to Europe has dropped sharply since peaking in 2015 but thousands still attempt the dangerous Mediterranean crossing every year, looking to escape poverty and conflict in their home countries.The latest group was brought to Spain's North African enclave of Melilla…

26 Nov 2019

Europe's Wind Industry Needs More Sea Space

© Phil Bird / Adobe Stock

The European offshore wind industry needs an area equivalent to the size of Ireland to install enough turbines to reach carbon neutrality by 2050, a target for most EU members, a leading industry group said in a report.Fighting climate change is a top priority for the European Commission's new head Ursula von der Leyen, who has set out a "European Green Deal" intended to achieve "climate neutrality" - adding no greenhouse gases to the atmosphere beyond what can be absorbed - by 2050."Today we have 20 gigawatts (GW) of offshore wind in Europe and the European Commission…

25 Nov 2019

Spanish Rescue Ship Stranded off Italy

© Sebastiano Moscuzza / MarineTraffic.com

The leader of a Spanish rescue mission said on Sunday that Italian authorities had refused to grant port access to its Open Arms ship, leaving the vessel stranded in rough conditions in the Mediterranean with more than 70 African migrants on board.The 73 migrants were picked up from a packed rubber dinghy drifting about 50 miles off Libya on Wednesday night.Italy has allowed the ship to enter its national waters to shelter from a storm but has refused to let the vessel dock, the charity said.Open Arms Mission Chief Ricardo Gatti…

20 Nov 2019

Houthis Release South Korean, Saudi vessels

Yemen's Iran-aligned Houthi movement released three vessels and 16 people it had seized, South Korea's Foreign Ministry and a Houthi military source in Yemen said on Wednesday.The seizure on Sunday was the latest incident at sea around Yemen, where Saudi Arabia is leading a Western-backed coalition of Arab states against the Houthis, who control the capital and most population centres and have been accused of attacking shipping.Of the vessels freed on Tuesday, two were South Korean and one was Saudi Arabia-flagged, the South Korean ministry said in a statement, adding that the families of two South Koreans among the crew had been notified."The three ships were released after the necessary legal measures…

19 Nov 2019

U.S. Aircraft Carrier Group sails through Strait of Hormuz

File Image / a USNS fleet oiler on station: Credit US Navy

The U.S. aircraft carrier strike group Abraham Lincoln sailed through the vital Strait of Hormuz on Tuesday, U.S. officials told Reuters, amid simmering tensions between Iran and the United States.Tensions in the Gulf have risen since attacks on oil tankers this summer, including off the UAE coast, and a major assault on energy facilities in Saudi Arabia.Washington has blamed Iran, which has denied being behind the attacks on global energy infrastructure.The commander overseeing U.S.

19 Nov 2019

US Funds $30 million for Coastal Flood Protection

River dredging operations in the State of Louisiana (CREDIT: Port of New Orleans)

The U.S. government's oceans and waterways agency will provide $30 million to improve coastal resilience, officials said, aiming to reduce the impacts of worsening storms, flooding and rising seas in nearly half of U.S. states.Grants through the program are designed to restore or expand coastal wetlands, dunes, reefs, mangroves and barrier islands that are key to coastal protection, said the National Oceanic and Atmospheric Administration (NOAA) in an announcement.Coastlines worldwide are being damaged or threatened by more extreme and destructive weather…

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