U.S. Crude Exports Reach a Record of 3.16 mln bpd
U.S. crude oil exports surged 260,000 barrels per day (bpd) in June to a monthly record of 3.16 million bpd as South Korea bought record volumes and China resumed purchases, data from the U.S. Census Bureau showed on Friday.South Korea surpassed Canada to become the biggest purchaser of U.S. crude at about 605,000 bpd. China purchased about 292,000 bpd, the most since June last year and was the third-largest buyer of U.S. crude in June, the data showed.China, once the top buyer of U.S.
Spanish NGO Boat Seeks Safe Haven for Med Migrants
A Spanish charity rescue boat sought safe port on Friday after Italy rejected its request to disembark 124 people saved from two migrant rafts in the Mediterraneanā¦
China Fishing Safety Workshop Mulls Treaty Ratification
National workshop discussed China's potential ratification and implementation of fisheries-related conventions, including IMO's 2012 Cape Town Agreement (CTA), aimed at improving safety standards on fishing vessels, and the 1995 Standards on Training, Certification and Watchkeeping for Fishing Vessel Personnel (STCW-F).Fisheries-related conventions are key tools used by flag, coastal and port States to effectively monitor and control fishing vessels and minimize the risk of illegalā¦
Panama Canal starts Speed Limits to Protect Whales
Starting August 1 and until November 30, 2019, the Panama Canal will promote the implementation of the International Maritime Organizationās (IMO) annual recommendations on speed and maritime transit aimed at protecting cetaceans, which include whales, dolphins and other large aquatic mammals, during their nearby seasonal migration.With these measures, ships should proceed at a speed of not more than 10 knots in specified areas.
Spanish NGO Boat Seeks Safe Port for 124 People
A Spanish charity rescue boat sought safe port on Friday after Italy rejected its request to disembark 124 people saved from two migrant rafts in the Mediterraneanā¦
AALās Adoption Of IMO 2020 Mandates
With widespread discussion and reporting about the IMO 2020 āSulphur Capā regulation, coming into effect January 1st 2020, we would like to clarify our position and how we plan to move forward over the coming weeks and months to fully prepare ourselves and our customers for this important and long-awaited milestone in our sectorās history. Kyriacos Panayides, Managing Director, AAL, weighs in on theā¦
NOIA Weighs in on The COASTAL Act
National Ocean Industries Association (NOIA) Vice President for Government and Political Affairs Tim Charters issued the following statement after the introduction of the Conservation of Americaās Shoreline Terrain and Aquatic Life (COASTAL) Act:āIt is vital that American offshore energy production promote equity for the states immediately adjacent to these offshore areas. By amending GOMESA and establishing a revenue sharing program for Alaskaā¦
Christening Ceremony for Hankyu Ferry
Mitsubishi Shipbuilding Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, held a christening and launch ceremony on August 2 for a ferry currently under construction for Hankyu Ferry Co., Ltd., which is based in Kitakyushu, Fukuoka. The new vessel, named "Settsu," will replace the superannuated "Yamato," one of four large ferries operated by the company. After completion of rigging workā¦
Ship Supply, Easing Demand Pull Down Baltic Index
The Baltic Exchange's main sea freight index fell for a ninth straight session on Friday to a three-week low, hurt by higher vessel supply and soft demand in the Atlantic and Pacific basins.* The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 24 points, or 1.3%, to 1,788 points, lowest since July 11. The index was lower for a second straight week, down 7.7%.* The index has still more than tripled since Februaryā¦
Damen Multi-Mission 1608 for Aquaculture
On 26th July, Damen Shipyards Group and Coastal Workboats Scotland unveiled a new vessel for the aquaculture industry in Oban, Scotland. The unveiling of the new Damen Landing Utility Vessel 1608 took place at the same time as the handover of the first in series, to client Loch Duart.The LUV 1608 is built by Coastal Workboats Scotland to a Damen design that was engineered by Damen design bureau OSD/IMT.
AK Boaters Likely Killed by Glacier Ice
The bodies of three boaters from Europe who died in an Alaska lake were surrounded by frozen debris, a sign that the victims were killed by ice that fell from the melting glacier that feeds the lakeā¦
Japan Refuses to Join U.S. Middle East Coalition
Japan will not send warships to join a U.S.-led maritime force to guard oil tankers in the Strait of Hormuz fearing a military response from Iran, but it may send patrol aircraft, said the Mainichi newspaper, citing unidentified government sources.But Japan may send warships independently to protect Japanese ships in the world's most important oil artery, the newspaper said on Friday."We are closelyā¦
K-Line Guilty of 'cartel conduct'
Japanese shipping firm Kawasaki Kisen Kaisha Ltd (K-Line) was convicted of criminal cartel conduct and ordered to pay a A$34.5 million ($23.50 million) fine by a federal court, Australia's competition regulator said on Friday.K-Lineās fine is the largest ever criminal penalty imposed under the Competition and Consumer Act, according to the Australian Competition and Consumer Commission (ACCC).The company was found to have engaged in a cartel with other shipping companies in order to fix prices o
LNG Traders Mull Shipping Options
Traders are starting to make enquiries to book vessels to store or ship liquefied natural gas (LNG) as they bet for winter demand to boost prices for spot cargoes which are trading near record lows, multiple industry sources said on Friday.Enquiries are trickling in for booking vessels on a spot basis, ranging from a period of one month to several months, which is expected to push shipping rates upā¦
31 Missing in Indonesian Fishing Boat Sinking
Indonesian rescuers were battling high tides and strong winds on Friday in a search for 31 people missing after a fishing boat sank in waters off Borneo island, killing at least fourā¦
MODEC Unveils New FPSO Designs
Japanese floating production specialist MODEC has developed a pair of next generation new build hull designs for floating production, storage and offloading (FPSO) vessels developed in partnership with Mitsui E&S Shipbuilding, targeting greater production and storage capacity.As a result of increases in required crude oil and gas production capacities, FPSO topsides have become bigger and heavier,ā¦
Seismic Solutions Market to Reach $890mln by 2024
The global offshore oil and gas seismic equipment and acquisitions solutions market stood at around $660 million in 2018 and is forecast to grow at a CAGR of 5%ā¦
Stork Awarded Evergreen Gig for UK Assets
Fluor Corporation announced that Stork, part of Fluorās Diversified Services segment, was awarded a contract extension by Centrica Storage Limited to continue providingā¦
DEME Installs MOG Export Cable
Offshore services provider DEME has completed the installation of a subsea export cable for Belgian grid operator Elia's Modular Offshore Grid (MOG) ahead of schedule.Theā¦
Belfast Opens New Cruise Terminal
Belfast Harbour, the maritime hub in Northern Ireland, said that it has opened the first dedicated cruise terminal on the island of Ireland to cater for Belfastāsā¦
