US official: United States Building Maritime Security Coalition for Gulf
The United States is building a coalition with its allies to protect Gulf shipping lanes by having "eyes on all shipping", a senior U.S. State Department official said on Monday…
Venice Must be Put On UN Danger List, Ban Cruise Ships - Conservationists
Venice should be put on the United Nations' list of endangered cities and cruise ships should be banned from its fragile lagoon to prevent an ecological disaster, Italy's main conservation group said on Monday.The call came less than a month after a towering cruise ship collided with a dock and a tourist boat in Venice, injuring four people and rekindling a heated debate in Italy about how to protect the historic city…
Rosatom: Northern Sea Route to Cost 735 bln Roubles
Russia's ambitious Northern Sea Route (NSR) requires 735 billion roubles ($11.7 billion) in investments, with the state budget to provide a third and the rest to come from companies and banks, the head of state nuclear firm Rosatom, Alexey Likhachyov, said.Rosatom, the world's top nuclear company in terms of foreign orders, was selected by the Russian government to operate the NSR - the Arctic route…
OP/ED: A Reassessment of the U.S. Marine Salvage Posture
It has been ten years since the U.S. Salvage and Marine Firefighting Regulations were published: Is it time for a reassessment of the U.S. marine salvage posture?In 1982, the National Research Council’s Committee on the National Salvage Posture prepared a study entitled, “Marine Salvage in the United States.” The goal of the report was “to assess the present national posture for coping with ship rescue…
Trump: Other Nations Should Do More to Protect Tankers
U.S. President Donald Trump said on Monday that other countries, including China and Japan, should protect their own oil tankers in the Middle East."So why are we protecting the shipping lanes for other countries (many years) for zero compensation," Trump said on Twitter. "All of these countries should be protecting their own ships on what has always been a dangerous journey."Trump made the comments amid an escalation in tensions with Iran…
Market in Focus: Bulkers
NewbuildingMany Chinese companies have been stepping up in the bulker market with COSCO Shipping and Avic leasing placing orders at Chinese yards. Of the total 313 Bulkers ordered over the past year, nearly 40% have been Panamax vessels, demonstrating the hot market.Source: Vessels ValueSecond hand marketThe Bulker market as a whole has shown a softening in values over the past year. The main reason for this is due to the drop off in rates throughout the first quarter of 2019.
Vitol Builds Refinery for New Ship's Fuel
Vitol, the world's largest independent oil trader, has started building a small oil refinery at its storage terminal in Malaysia that will provide low-sulfur fuel for ships…
Dalian iron ore rises, supply crunch concerns persist
China's iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand.Mining giant Rio Tinto on Wednesday night lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April.It now puts the upper limit as much as 5.7% under its original forecast…
Dutch-Aussie Team Targets Safer Blade Lifting
Dutch maritime contractors Van Oord and heavy lifting and transport specialist Mammoet are cooperating with Australian start-up Verton to design a new lifting method…
Samskip Readies Multimodal Network
Europe's largest multimodal transport group by freight volume Samskip said it is fully prepared for a North Sea container traffic surge, as attitudes harden in the…
Noble Sells Bulk carrier Ocean Ruby
Singapore's Noble Group Holdings Limited announced that its subsidiary Asia Rainbow International Limited has completed the sale of the vessel M/V Ocean Ruby.The…
TechnipFMC Wins ConocoPhillips Award
American multinational energy corporation ConocoPhillips has rewarded services firm TechnipFMC with a Global Supplier Recognition Award.According to a press release…
Oilfield Communications Market to Grow 8%
The global oilfield communication market is expected to grow with a CAGR of 8% over the forecast period 2019-2024, said a study.With the growing adoption of cloud-based services…
Orsted to Build NJ's First OWF
Denmark’s Ørsted won New Jersey’s first offshore wind solicitation with a 1.1-gigawatt project Ocean Wind, the largest offshore wind project to secure a development deal with a U.S.
Huelva, Enagás Launch Cold Logistics Hub
Port Authority of Huelva (APH) and Enagás, in collaboration with HuelvaPort, presented the Sustainable Cold Logistics Hub, a project that will be launched in the…
Danish Shipping Agenda in EU
Two European Commissioners will come by Amaliegade and Danish Shipping’s headquarters to discuss the most important points of the Danish maritime shipping agenda…
Oilfield Services Pricing Rises
Oilfield services companies are in bullish mode. They are now able to raise prices for their products and services, after several years of gloom.“Oil and gas investments are on the rise…
Museum Adds Tug OHIO to Exhibit
Great Lakes Towing Company (GLT), the largest U.S.-flag tugboat company engaged in towing on the Great Lakes, christened the new Tug OHIO into service and dedicated…
First LNG Cargo Aboard Q-Flex Carrier in Turkey
Qatargas, the world's largest liquefied natural gas company, has announced the safe delivery of the largest single cargo of liquefied natural gas (LNG) to the Marmara…
Anthony Veder Boosts Gas Pool Fleet
Anthony Veder, which operate gas tankers in all the segments of gas shipping, from LPG shipping to LNG shipping and from CO2 shipping to ethylene shipping, will…
