Iran Raises Oil Exports to West, Almost on Par with Asia
Iran's oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016 and almost caught up with volumes exported to Asia, a source familiar with Iranian oil exports said. Iran, which used to be OPEC's second biggest oil exporter, has been raising output since 2016 to recoup market share lost to regional rivals including Saudi Arabia and Iraq. While many Asian nations continued to purchase oil from Iran during sanctions…
US Navy: Bigger is Better, but at What Cost?
The U.S. Navy has a balanced fleet, but it wants to grow bigger and better. Will the budget allow both? Maritime Reporter's March 2017 cover story on the U.S. Navy was all about the numbers. There exists several plans to grow the fleet beyond the current number of 308 ships, the Mitre recommendation of 414 ships, the Center for Strategic and Budgetary Assessment 340-ship proposal, and the Navy’s decision to grow the fleet to 355 ships, and the Trump administration’s 350.
Apply Now for the MN100
The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers. Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply at the link below.
Hapag-Lloyd, UASC Merger Unaffected by Qatar Spat
Qatar's row with its powerful Gulf neighbours should not scupper the just-agreed merger of German shipping company Hapag-Lloyd with sector peer United Arab Shipping…
Newport News Names Temple VP, Strategic Sourcing
John Temple has been appointed vice president of strategic sourcing at Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division. Temple, an Apprentice School graduate, began his shipbuilding career in Newport News’ pipe department. He has worked in quality inspection, cost engineering and contracts and pricing. Five years ago, he earned the “Master Shipbuilder” designation, which celebrates shipbuilders who have worked 40 years of continuous service.
China Vigilant as U.S. Drills in S.China Sea
China said on Friday it was monitoring U.S. military activities in the South China Sea, after two U.S. bombers conducted training flights over the disputed waters. The U.S.
Maersk to Begin Qatar-Oman Feeder Runs
Maersk Line, a part of A.P. Moller-Maersk, said Friday it will begin container shipments to Qatar from Oman, avoiding trade restrictions imposed on the Gulf state by Arab countries.
Asia Tankers-VLCC Rates Await Market Pointers
Gulf tensions fail to ignite VLCC market; owners waiting for July MidEast cargoes that could buoy rates. Freight rates for very large crude carriers (VLCCs) face an uncertain week…
Oil's Price Fall Stalls Despite Supply Glut
Brent down 12 pct since OPEC-led production cut extension. Oil prices steadied on Friday after steep falls earlier in the week under pressure from widespread evidence…
Majestic Fast Ferry Launches Between Singapore and Indonesia
Majestic Fast Ferry’s newest ferry, the Majestic Dream, set sail on a maiden voyage from Singapore Cruise Centre’s (SCC) HarbourFront terminal. The 11th vessel in…
AET Tankers Unveils Names of LR2 Duo
AET has unveiled its two new long-range (LR2) petroleum tankers from Hyundai Heavy Industries (HHI) at HHI’s Gunsan Shipyard, Korea, on Thursday, 8 June 2017. The Singapore flagged 114…
Kuehne + Nagel to Disclose CO2 Emissions for Seafreight
Kuehne + Nagel has expanded its sustainability offering for global seafreight services: As of May 2017, the total amount of CO2 emissions generated by seafreight…
GoodFuels Launches Sustainable Drop-in Marine Fuels Pilot
Heineken Netherlands, Nedcargo and sustainable fuel market-leader GoodFuels have launched a pilot to demonstrate a sustainable drop-in marine fuel on-board of the…
EU to Organize Black Gold's Green Legacy
The European Economic and Social Committee’s Consultative Commission on Industrial Change (CCMI) and The European Parliament (EP) are organizing, with the support of the NGO Shipbreaking Platform…
Shipowners Welcome EU Maritime Transport Policy
European Transport Ministers have adopted conclusions on the priorities for the EU’s maritime transport policy until 2020, says a press statement. The conclusions…
UN Chief Calls Joint Global Action for Healthy Ocean
On this World Oceans Day, we look to the future. Caring for, and using, our oceans in sustainable ways is critical to achieve ecological and economic goals for communities everywhere…
Musician Cody Simpson is 'Ocean Advocate' for UN
To mark World Oceans Day on May 8, the United Nations Development Programme (UNDP) named Australian musician Cody Simpson as its first-ever Ocean Advocate to help…
India's Sagarmala Moves to Implementation Stage
The flagship programme of Indian Ministry of Shipping – Sagarmala, has moved from the conceptualization and planning to the implementation stage. The Sagarmala project…
YANMAR Expands Americas Distributor Network
YANMAR America’s Commercial Marine Division has made three new additions to its distribution network, Mack Boring & Parts Co., W.W. Williams and Antilles Power.
MLC, 2006 Inspections Yield Positive Results
Aiming to verify that the minimum standards for working and living conditions have been implemented for crews working on board commercial vessels, as well as generate more awareness, Port State Control Officers in the Paris MoU region have carried out a Concentrated Inspection Campaign (CIC) on Maritime Labour Convention (MLC), 2006. A total of 3,674 questionnaires for the CIC have been completed during regular inspections over a period from September 1 to November 30, 2016.
