ReCAAP Reports Seven Piracy Incidents
ReCAAP ISC issued its monthly piracy report, informing of seven incidents of piracy and armed robbery against ships in Asia in May 2019. There was no report of abduction…
US Leads World Oil Reserves
The United States has a world-leading 293 billion barrels of recoverable oil resources, which is 20Bbbl more than Saudi Arabia and 100Bbbl more than Russia, with…
INTERTANKO Says Vessels at Risk in Gulf
The tanker association INTERTANKO condemned unprovoked attack against two tankers on innocent passage in international waters in the Gulf of Oman on Thursday 13…
Hapag-Lloyd Pact for EUR100mln Credit
The transnational German-based transportation company Hapag-Lloyd AG has entered into a new EUR 100 million revolving credit facility, to be made available for…
ICS Concerns About Tanker Attacks
International Chamber of Shipping (ICS), the world's principal shipping organisation, stated that its Board has expressed concern at the serious incidents involving…
EIB to Invest in Sustainable Transport
The European Investment Bank (EIB) approved a total of EUR 4.5 billion (USD 5bln) of new financing that will tackle investment gaps hindering private sector growth…
Jotun Signs Agreement with HHI
Norwegian paints and coatings company Jotun Group announced that it signed a memorandum of understanding with the world’s largest shipyards for a new type of marine…
DSME, DNV GL Pact for Joint Projects
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) and DNV GL have signed a framework agreement which will see them cooperate on joint development…
Oil Prices Jump 2% After Tanker Attacks
Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key shipping routes.The attacks near Iran and the Strait of Hormuz reignited worries about an impact to flows from the Middle East if insurance companies begin to reduce coverage for voyages through the region and additional shipping companies suspend new bookings…
Unexploded Device Spotted on Attacked Tanker
An unexploded device, believed to be a limpet mine, was spotted on the side of one of two oil tankers attacked on Thursday in the Gulf of Oman, a U.S. official told Reuters, speaking on condition of anonymity.If confirmed, then the method of attack would be the same as the one that the United States believes was used last month when four other tankers were struck off the coast of the United Arab Emirates.
Cyber Risk Management: What Maritime Professionals Need to Know Now
The IMO January 2021 deadline for shipping interests to incorporate cyber risk management into their existing Safety Management Systems is fast approaching. It is critical that stakeholders understand their vulnerabilities. The IMO has issued MSC-FAL.1/Circ.3 guidelines on maritime cyber risk management that does a good job of outlining the many vulnerable systems within marine operations, including:1.Bridge systems;2.
Digitalization: Managing the Flow
Mathias Rusch, Director of the Marine business unit at SKF explains what trends are currently shaping the industry, what future challenges are emerging and how operators can manage the flood of data that is coming out of the digitalization revolution.Two major trends that shipowners and operators are currently dealing with are persistently low freight rates, which have been significantly depressing…
OSM Inks Deal for VLCC Fleet
OSM Maritime has secured a contract for the full technical management of Hunter Group’s fleet of ECO design SMART VLCCs, currently under construction at DSME in Korea. Hunter Group has eight identical 336m vessels, set to be delivered towards the end of 2019 and into 2020. The Hunter vessels will be managed from OSM’s base in Arendal, Norway, which offers an established strength in specialist tanker…
Cyprus Issues Arrest Warrants for Turkey Drill Ship Crew
Cyprus has issued arrest warrants for the crew of a Turkish drill ship anchored close to its coast for allegedly infringing territory over which the island has rights to explore for oil and gas…
U.S. to Discuss Tanker Attacks in U.N. Security Council
The United States plans to raise the attacks on two oil tankers in the Gulf of Oman during a closed-door meeting of the United Nations Security Council later on Thursday…
IMO SecGen Comments on Suspected Tanker Attacks
IMO Secretary-General Kitack Lim has condemned the suspected attacks on two tankers off the coast of Oman that occurred earlier on Thursday, June 13."These suspected attacks, coupled with the attacks in the UAE last month, concern me greatly. IMO has developed a comprehensive regime of regulation through the ISPS Code and the SUA Conventions and Protocols to prevent and respond to unprovoked, unlawful attacks on merchant shipping.
Autonomous Ships: MacGregor Mooring for Yara Birkeland
MacGregor, part of Cargotec, and Kongsberg Maritime have entered into an agreement where MacGregor will deliver an automated mooring system for the world's first autonomous container ship, Yara Birkeland.This will enable mooring operations to be undertaken without human intervention and supports effective operation of the fully electric, zero emission vessel.The order was booked in Cargotec's 2018 fourth quarter order intake…
Marine Fuels: New Guidance for Low-Flashpoint Fuels
ClassNK has released Guidelines for Ships Using Low-Flashpoint Fuels (Methyl/Ethyl Alcohol / LPG).As the maritime industry is increasingly under regulatory mandate to reduce emissions, alternatives to diesel have been a focal point in recent years. These alternative fuels have lower flashpoints compared to traditional fuels, therefore particular attention needs to be given to ensuring adequate safety…
Wight Shipyard Debuts Hybrid Patrol Vessel
Wight Shipyard Co (WSC)’s newbuild hybrid vessel unveiled at Seawork 2019. Setting new standards in the patrol and pilot vessels the 9m hybrid is a step change for operators including port and river authorities, police, MOD and Royal Navy who need to meet new pollution standards.Port authorities, harbor and river patrols need to keep pace with the changing environmental requirements seeking solutions…
MarineTraffic Partners With exactEarth
MarineTraffic is partnering with exactEarth to deliver additional real-time information to its users.The additional satellite data compliments the MarineTraffic…
