Logistec Acquires Gulf Stream Marine
Logistec Corporation announced the expansion of its network of terminals through the strategic acquisition of Gulf Stream Marine. This transaction will allow Logistec…
Triyards Loses Shipbuilding Contract
Cash-strapped shipbuilder Triyards Holdings Limited has received a termination notice for a chemical tanker design and construction deal. The Singapore-based yard…
Ethiopia Acquires 19% Stake in DP World Berbera Port
United Arab Emirates-based maritime conglomerate DP World has announced that Ethiopia will become a shareholder of the Port of Berbera in Somaliland, a crucial site for Middle Eastern trade…
Rotterdam to Host ESPO Conference
European Sea Ports Organisation (ESPO) organises its 15th Annual Conference in Rotterdam on 31 May-1 June 2018. ESPO members, policy makers and stakeholders are…
SEA\LNG Ties with Two More Japanese Members
SEA\LNG, the industry coalition aiming to accelerate adoption of liquefied natural gas (LNG) as a marine fuel, has added two more Japanese members: "K" LINE Group and Uyeno Group.
Diana Containerships Sells Sagitta and Centaurus
Diana Containerships announced that it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to sell to an unaffiliated third party…
Global Ship Lease Acquires 2,800 TEU Containership
UK-based containership charter owner Global Ship Lease announced that it has agreed to acquire a 2005-built, 2,800 TEU containership for a purchase price of USD 11.3 million.
Trump's Steel Import Tariffs May Hurt US LNG Exports
U.S. natural gas trade groups said on Thursday they are concerned that new U.S. steel import tariffs could delay or reduce new pipeline projects as well as dent exports of liquefied natural gas. U.S. President Donald Trump said on Thursday the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum next week. The type of pipe and the steel used to make large diameter…
Trump to Set Hefty Tariffs on Steel, Aluminum Imports
U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China. Trump, speaking after a meeting with U.S. steel and aluminum makers said the duties would be formally announced next week. “We’re going to build our steel industry back and our aluminum industry back," he said.
Krilo Jesenice: Village of the Cruisers
Driving south on the coastal highway from the ancient city of Split in Croatia in late October, one is amazed to come on a forest of masts. These are not your usual sailboat masts lined in orderly rows in a marina, they are masts of all shapes and they are supported by a range of what at first appear to be spectacularly well maintained mega-yachts. A few are classic, bright finished wood but bold, white, steel-hulled ships with cruise ship style raked bows predominate.
Trump: U.S. Hits Steel, Aluminum Imports with Hefty Tariffs
U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China. Trump, speaking after a meeting with U.S. steel and aluminum makers said the duties would be formally announced next week. “We’re going to build our steel industry back and our aluminum industry back," he said.
All Operators Should Follow These Lubrication Steps
Maintaining mission-critical winches, windlasses and cranes: the four must-have lubrication steps that all operators need to keep gears going. In the marine industry, winches, windlasses and cranes are the work horses of deck and harbor operations. They can be used to set anchors, position floating drill rigs, raise and lower sensitive scientific equipment, tow a ship, load/unload heavy cargo or even land fish.
W. Africa Crude-Angolan Oil Trades on Spot
Nigerian crude sells into tenders, while Angolan trades more quickly on spot. * ExxonMobil had purchased two of the three Olombendo cargoes sold this week, traders said.
U.S. Considers Venezuela Oil Sanctions
The Trump administration is considering sanctioning a Venezuelan military-run oil services company and restricting insurance coverage for Venezuelan oil shipments to ratchet up pressure on socialist President Nicolas Maduro, a U.S. official said. With Maduro running for another term in an April election that Washington and its allies oppose as a sham, the United States is weighing sanctions that would target Venezuela’s vital oil sector beyond what has been done before…
Diana Containerships Sells Two Panamaxes
Diana Containerships Inc. said it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to sell Panamax containerships m/v Sagitta…
UK Names Next Type 26 Warship HMS Cardiff
U.K. Defense Secretary Gavin Williamson has announced the name of one of the new Type 26 warships: HMS Cardiff. The third to be named in the City Class of eight brand new antisubmarine warfare frigates, HMS Cardiff – due to enter service in the 2020s – will provide protection for the likes of the U.K.’s nuclear deterrent and Queen Elizabeth Class aircraft carriers, and offer antisubmarine warfare capability.
Exxon Quits Some Rosneft Joint Ventures Citing Sanctions
Exxon Mobil Corp will exit some joint ventures with Russia's Rosneft, citing Western sanctions first imposed in 2014, while the Russian company said the pullout will result in serious losses for its U.S. partner. The move is an about-face for Exxon, which had opposed the sanctions over Russia's invasion of Crimea and argued they unfairly penalized U.S. companies while allowing foreign energy rivals to operate in the country, the world's largest oil producer.
GE Propulsion for Chilean Navy Icebreaker
GE’s Marine Solutions was chosen by ASMAR Shipyards to provide the complete scope of an integrated marine propulsion system for the Chilean Navy’s new Antarctic icebreaking Polar Class vessel. It will replace the retired icebreaker to continue the navy’s Antarctic expedition for search and rescue missions, scientific research, logistic support and resupplying bases in the Chilean Antarctic Territory.
Maldives Denies Ties to North Korean Oil Smuggling
Maldives on Wednesday denied a Japanese foreign ministry statement that said a Maldives-flagged vessel was used to illegally transfer goods from a North Korean-flagged tanker in defiance of U.N. Security Council resolutions. The Japanese statement said the "Chon Ma San", designated by the United States as a sanctions target, was spotted by a surveillance plane with the Maldivian-flagged tanker "Xin Yuan 18" some 250 km (160 miles) east of Shanghai on Saturday.
WFS Launches Bunker Services in Port Manatee
World Fuel Services (WFS) said it will supply fuel oil and marine diesel from a new physical marine fuel supply location in Port Manatee in Tampa, Fla. WFS said it will have two dual capacity tug and barge units to service the area and has also partnered with Vane Brothers. “World Fuel Services continue to invest in selective physical supply locations. When selecting locations for WFS we carry out an intense risk assessment ensuring we are able to deliver the highest standards of service…
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