Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round
Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential for significant new discoveries.Nine of the licences are located in the Barents Sea and three in the Norwegian Sea off central Norway, the Ministry of Oil and Energy said on Monday."This licensing round confirms that the oil companies see opportunities for further profitable petroleum activity in the north…
Russia's Q3 Oil Exports via Baltic Ports Seen Falling
Russian exports and transit of Urals oil through Baltic Sea ports are seen at 19.15 million tonnes in the third quarter, down from 19.8 million tonnes in the second quarter, industry sources said.Exports of Russian Urals and Siberian light oil from the Black Sea port of Novorossiisk are expected to rise to 8.5 million tonnes in the third quarter from 8.1 million tonnes in the second quarter, the sources said.(Reporting by Olga Yagova; writing by Maria Tsvetkova; editing by Jason Neely)
SSA Terminals Extends Marine Lease at Oakland
A major global marine terminal operator has OKd a new Port of Oakland lease that runs through 2027. The agreement includes options that could keep SSA Terminals (Oakland) here to 2042.
Dorian LPG Rejects BW LPG Merger Offer
Dorian LPG announced that its Board of Directors has unanimously declined an unsolicited, conditional proposal from Norway's BW LPG, the world's largest liquid petroleum gas shipper…
Nor Lines Cargo Vessels to Bunker with Titan LNG
Shipping company Nor Lines has allocated its two LNG-powered multipurpose vessels to a biweekly liner service from the SCA terminal in Rotterdam to the Norwegian coast.
Navios Maritime Containers files for a $100 million IPO
Monaco-based container ship company Navios Maritime Containers has filed with the SEC to raise up to $100 million in an initial public offering. The information…
Yang Ming Wins the 2017 Blue Circle Awards
Taiwanese ocean shipping company Yang Ming Marine Transport Corp was granted the “2017 Blue Circle Awards” by Vancouver Fraser Port Authority (VFPA). This is the…
DP World Not for Settlement with Djibouti
The Dubai-based port operator DP World said that it will not consider alternative legal options outside a court settlement in a dispute with the Djibouti government…
NYK Line, Asahi Shipping Sign Contract with Kobe Steel
Nippon Yusen Kabushiki Kaisha (NYK Line) together with Asahi Shipping, has concluded a long-term contract with Kobe Steel for the transport of coal for up to 20 years aboard a newly built ship.
Al-Iraqia Shipping Commences Bunkering Operations in Iraq
Al-Iraqia Shipping Services & Oil Trading (AISSOT) is shortly commencing bunkering operations at Iraqi Ports mainly at Basra, Khor Al-Zubair and Umm Qasr. AISSOT…
Noble Group Sells Kamsarmax Dry Bulker to Aeolian Spirit Shipping
The commodity trader Noble Group has entered into an agreement with Aeolian Spirit Shipping, a Cyprus company, to dispose a vessel registered in Hong Kong for a consideration of US$23.79 million.
Hyundai Merchant Marine Signs LoI for 20 Vessels
South Korea's Hyundai Merchant Marine (HMM) has selected country’s three major shipbuilder and signed letters of intent (LOIs) with them to build 20 container carriers by mid-2021, reported Yonhap.
DryShips Sells Two Older Panamaxes
DryShips announced that it has entered into agreements with unaffiliated buyers, for the sale of two of its older Panamax drybulk carriers, built in 2002. The diversified…
Navios Maritime Partners Sells Hyundai Hongkong
Navios Maritime Partners, an international owner and operator of container and dry bulk vessels, announced that it has agreed to sell the Hyundai Hongkong, a 2006-built…
Navios Maritime Containers Acquires Five Boxships
Navios Maritime Containers announced that it has agreed to acquire five containerships for a total purchase price of $246.0 million. The Company expects to take…
Seaspan Shipyards Starts Construction Canada’s Joint Support Ships
Canada’s shipbuilding and ship repair company Seaspan Shipyards (Seaspan), joined by representatives from industry and government, celebrated the start of construction…
FAO on Fishing Vessel Safety Work
While exact figures are hard to come by, preliminary, conservative estimates of fatalities in fishing are now over 32 000 people annually. The UN Food and Agriculture…
DNV GL First Type Approval for Aluminium Cables Onboard Ships
As the competitive and economic pressure on the shipping and offshore industries continues to grow, owners, operators and yards are searching for every efficiency.
China Surprises with Threat on US Energy Exports
Beijing surprised oil markets with threats to levy tariffs on imports of U.S. crude oil, natural gas and other energy products on Friday, just as China has risen to the top of the list of importers of oil from the United States.China responded to $50 billion in tariffs imposed by U.S. President Donald Trump with a similar amount of levies on a variety of U.S. goods. But China also said it would impose tariffs on U.S.
Corpus Christi Gearing Up to Handle US Shale Export Boom
Port officials on Tuesday are expected to consider $300 million in financing that would prepare the country's largest oil-export port - Corpus Christi, Texas - to handle a surge in U.S. shale production over the next five years.International buyers would like more U.S. crude but are unable to get it because of infrastructure constraints along the U.S. Gulf Coast. Terminals originally designed for imports…
