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Lubricants: Mitigating Risk without Sacrificing Performance
A new entry to the EAL lubricant race emerges from RSC Bio Solutions. Deep roots, new technologies and familiar names create the basis for a different way of approaching marine lubricants.
Future Care Launches New Website
Future Care, Inc., a provider of global maritime medical management and cost containment services to the maritime community, has launched its new website www.futurecareinc.com.
Two Medevaced from Tanker off Sabine, Texas
Coast Guard crews medevaced two men after they were struck by a pressurized object and suffered injuries aboard a tank ship about 20 miles off the Texas Point Wildlife Refuge Wednesday afternoon.
BV Helps to āde-riskā Marine Renewable Energy Tech
Bureau Veritas has published a set of guidelines, NI 631 āCertification Scheme for Marine Renewable Energy Technologiesā, addressing a broad spectrum of the needs of marine renewable energy (MRE) businesses and projects. āThe marine renewables sector is growing in importance and the complexities are increasing as the sector continues to matureā, comments Matthieu de Tugny, Senior Vice President, Offshore, Bureau Veritas.
Coast Guard Plucks Sailors from Icy Annapolis Waters
Four people were rescued from frigid waters off Annapolis, Maryland, on Sunday after more than a dozen sailboats capsized during a race held in rough, windy weather, the U.S. Coast Guard said.
Gulf Navigation, Mena Energy Sign Strategic Deal
GulfNav has marked another milestone by entering into strategic alliances with MENA ENERGY. The strategic alliances for mutual co-operation in ship acquisitionā¦
Coast Guard Searching for Missing Aircraft in GoM
The U.S. Coast Guard is searching for an unresponsive aircraft that went missing in the Gulf of Mexico approximately 118 nautical miles north of the Yucatan Peninsula, Thursday. The Coast Guard said its watchstanders at the Eighth District command center in New Orleans received a report from the North American Aerospace Defense Command, Wednesday evening that one person aboard a privately owned Cirrus plane was unresponsive likely due to hypoxia.
Suspect Involved in N. Korean Oil Smuggling Released on Bail
A court in Taiwan has released on bail a man prosecutors allege to have made false declarations in the case of a Hong Kong-flagged tanker suspected of transferring oil to North Korea in violation of international sanctions. The man, surnamed Chen, said the vessel was bound for Hong Kong, despite knowing it was bound for international waters to traffic oil products, the prosecutors' office in the southern city of Kaohsiung said on Wednesday.
As US Opens Up Offshore Waters, Eastern GoM Beckons
President Donald Trump's administration has proposed opening up nearly all of America's offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of itā¦
Sanchi Collision: A āNew Bermuda Triangleā?
Seas where Sanchi collision incident has taken place are leading region for maritime accidents. East/South East Asian waters have been identified as the top worldwide hotspot for shipping lossesā¦
TEN Sells, Leaseback Two Suezmax Tankers
Greece-based Tsakos Energy Navigation (TEN) has announced that it has sold for $65.2 million gross, through a five-year sale and leaseback transaction, the 2005ā¦
Baltic Exchange to Develop LNG Freight Index
The Baltic Exchange is looking into launching a freight index for liquefied natural gas (LNG) and is working with leading ship brokers to explore potential shipping routes that might be used as the LNG market grows, the company said on Thursday. Founded in 1744 as a forum for chartering vessels, the Baltic Exchange now produces benchmark indexes for global shipping rates, including ones used by the multi-billion dollar freight derivatives market.
Burning Tanker Drifts into Japan's Economic Zone
A stricken Iranian oil tanker continued exploding on Friday, hampering rescue efforts, Chinese state media reported, as Japan's Coast Guard said the ship drifted away from the Chinese coast and into Japan's exclusive economic zone (EEZ). The ship, which has been ablaze for almost a week since it collided with another vessel on Saturday night in the East China Sea, was about 286 km (178 miles) northwest of Sokkozaki on the island of Amami Oshima as of 0700 GMT on Fridayā¦
Salvagers Recover Two Bodies from Burning Tanker Sanchi
A Chinese salvage team recovered two bodies on Saturday from a stricken Iranian oil tanker, that was still blazing a week after it caught fire and was left adrift following a collision in the East China Sea, state news agency Xinhua reported. The four members of the salvage team wore respirators to board the āSanchiā, where they found the two bodies on the deck. They tried to get to the living quartersā¦
Turkey Reveals Route for New Canal to Ease Bosphorus Shipping
Turkey announced on Monday the route for a planned canal that would reduce shipping traffic on the busy Bosphorus Strait and transform the European half of Istanbul into an island. Work on the 45-km (28-mile) Kanal Istanbul, linking the Black Sea and the Sea of Marmara west of the Bosphorus, will begin this year, Transport Minister Ahmet Arslan said, adding it formed part of Turkey's most expensive construction project.
South East Asia Shipping Piracy Hotspot
Piracy attacks in South East Asian waters are up year-on-year, as are incidents in the Indian subcontinent, with Bangladesh a new hotspot, reveals Allianz Globalā¦
K-Line Executive Pleads Guilty to Price Fixing
An executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) was sentenced to 18 months in a U.S. prison after pleading guilty to his involvement in a conspiracy to fix pricesā¦
CorPower Starts Wave Energy Project in Portugal
CorPower, a Swedish developer of wave energy converters, is establishing an R&D, Manufacturing & Service Centre for wave energy converters in Viana do Castelo, Portugal.The location has been chosen to support CorPowerās demonstration project HiWave-5, and for the long-term development of supply and service capacity for commercial wave energy farms. "Several factors have contributed to choosing Viana do Castelo for this investment.
BIMCO: Tanker Market Hangover Continues
Tanker shipping was in many ways the odd one out of the shipping sectors in 2020; at the start of the pandemic, the market was strong, only to finish off the year in the doldrums, while the other sectors stayed profitable. Even a demand boost in December only managed to lift earnings slightly, raising the question, what will it take for tankers to return to profitability?In the immediate aftermath of the pandemic being declaredā¦
Springfield Shipping Extends Work with Eniram
Greek company Springfield Shipping Co. announced that Eniram, the provider of energy management technology and analytic services to the shipping industry, has been selected for a further roll out of its energy efficiency technology for its VLCC vessels. āWe are very pleased to be working with Eniram and look forward to a productive, long-lasting relationship,ā commented Springfield Shipping Co. āOurā¦