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Norway will award Arctic seabed mining blocks in 2025

Posted to Maritime Reporter on June 26, 2024

Norway's Energy Ministry said that it offered large areas in the Arctic for its first seabed mineral licensing round. It aims to grant exploration permits by the middle of 2025. Norway could be the first country to begin commercial deepsea mines…

Sovcomflot, a Russian shipping company, says that its vessel rescued crew members from a tanker near Yemen

Posted to Maritime Reporter on June 26, 2024

The state-owned Russian company Sovcomflot, which is subject to Western sanctions, announced on Wednesday that a ship operated by the Russian shipping group Sovcomflot had rescued a crew from a tanker that was taking in water near the coast of Yemen this week.

JERA successfully completes ammonia cofiring at coal power plant

Posted to Maritime Reporter on June 26, 2024

JERA, Japan’s largest power generator, announced on Wednesday that it had concluded a 3-month trial at its Hekinan Thermal Power Station in central Japan of co-firing ammonia and coal with 20%. The results were positive. The utility and heavy…

U.S. crude exports reach a two-year high in spite of lukewarm global demand

Posted to Maritime Reporter on June 26, 2024

Last month, U.S. crude imports reached a two-year record as refiners snatched up heavy crudes imported from Canada and Latin America for processing into fuels to be used during the summer driving season. Kpler, a ship tracking service, reported…

The crew of a yacht is expected to deny any arson charges in connection with a fire on a Greek island

Posted to Maritime Reporter on June 26, 2024

A legal source has said that the crew of a yacht accused by authorities of starting a forest blaze on Hydra, an island in Greece, last week will likely deny any arson charges on Wednesday when they appear before a court. Wildfires in Greece are not uncommon…

Singapore congestion caused by Red Sea attacks has global impact

Posted to Maritime Reporter on June 26, 2024

The congestion at Singapore's container ports is the worst it has been since the COVID-19 outbreak. This is a result of prolonged vessel rerouting in order to avoid Red Sea attacks, which has caused global ocean shipping to be disrupted. Bottlenecks…

Singapore congestion at port shows ripple effect of Red Sea attacks around the world

Posted to Maritime Reporter on June 26, 2024

The congestion at Singapore's container ports is the worst it has been since the COVID-19 outbreak. This is a result of prolonged vessel rerouting in order to avoid Red Sea attacks, which has caused global ocean shipping to be disrupted. Bottlenecks…

UKMTO Flags Missile Near Vessel South of Yemen's Aden

Posted to Maritime Reporter on June 26, 2024

Security information provider United Kingdom Maritime Trade Operations said that the captain of a ship reported a missile striking the water in the vicinity of the vessel 52 nautical miles south from Yemen's Port of Aden. The UKMTO cited a report…

Peru resolves Chinese port dispute before meeting of President Xi

Posted to Maritime Reporter on June 26, 2024

Sources said that Peru had asked a court to withdraw its request for a Chinese company to be stripped of the exclusive rights to run a "megaport", which it is building along Peru's Pacific Coast. This was done to cool tensions ahead of this week's leaders' meeting.

Singapore congestion reflects global impact of Red Sea attacks

Posted to Maritime Reporter on June 25, 2024

The congestion at Singapore's container ports is the worst it has been since the COVID-19 outbreak. This is a result of prolonged vessel rerouting in order to avoid Red Sea attacks, which has caused global ocean shipping to be disrupted. Bottlenecks…

Yemen's Houthis claim to have targeted the 'MSC Sarah V" vessel in Arabian Sea

Posted to Maritime Reporter on June 25, 2024

Yemen's Houthis claimed responsibility for an earlier attack on the MSC Sarah V ship in the Arabian Sea. On Monday, the Red Sea and Gulf of Aden Joint Maritime Information Center said that the Liberian flagged vessel was fired upon by a missile but not struck.

Mexico's Pemex exported 34% more crude in May, as refineries slowed down

Posted to Maritime Reporter on June 25, 2024

Official data revealed that the Mexican state energy company Pemex increased its crude oil exports in May after a significant drop a month before. It returned to levels more similar to their monthly average. Pemex exports 910,801 barrels of oil per day (bpd), up 34% compared to April.

The beach sprint will make its Olympic debut in 2028.

Posted to Maritime Reporter on June 25, 2024

Lucio Fugazzotto, an Italian teenager on his way home from school, learned that the Los Angeles Olympics in 2028 would include beach sprint rowing. He vowed to compete and win medals. "I turned and said to my friend, 'Maybe I'll be at Olympics in four years. You might watch me.

Sovcomflot, a sanctioned ship-group, claims that sanctions are affecting safety at sea.

Posted to Maritime Reporter on June 25, 2024

The chief executive of the sanctioned Russian shipping company Sovcomflot has said that sanctions on shipping companies undermine safety at sea, and are dangerous for trade because they impact ship standards. According to measures published by the EU Official Journal on Monday…

The supply chain is further strained by the five-week Quebec Safran strikes

Posted to Maritime Reporter on June 25, 2024

The five-week strike of Safran SA workers in Montreal who produce landing gear components for Boeing and Airbus aircraft shows no sign of resolution. Planemakers claim supply-chain problems are hampering production. A company spokesperson confirmed…

Venezuela uses a dark fleet to deliver oil to an ally Cuba

Posted to Maritime Reporter on June 25, 2024

Documents and ship monitoring services indicate that Venezuela's PDVSA state oil company has started using tankers that operate off radar in order to supply Cuba, its closest political ally. This is because the fleet of state-owned ships that had previously covered this route is dwindling.

Sources say that Russia's western port oil loads in July will fall by 23% m/m.

Posted to Maritime Reporter on June 25, 2024

Two trade sources on Tuesday said that Russia will reduce oil exports through its western ports in July to 1.5 million barrels a day (bpd), a drop of almost 500,000 bpd compared to June. This is because processing at its refineries will increase after maintenance.

Japan's Industry Minister to Visit Akita Offshore Windfarm Site

Posted to Maritime Reporter on June 25, 2024

The Ministry of Industry and Trade announced on Tuesday that Japanese Industry Minister Ken Saito would visit Akita, in northern Japan, on Saturday to meet with officials from the industry and the government to discuss the development offshore wind energy.

South Korea's NOFI buys estimated 135,000 T corn, traders say

Posted to Maritime Reporter on June 25, 2024

In an international auction held on Tuesday, European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc. purchased an estimated 135,000 tons of animal feed grain. The corn was expected to come from South America.

LSEG data shows that India and China were the top two buyers of Russian fuel in May.

Posted to Maritime Reporter on June 25, 2024

LSEG data and traders' reports show that India and China were top destinations of Russian seaborne fuel oils and vacuum gasoils (VGO) in May. The completion of seasonal maintenance helped to boost the exports of Russian fuel oil and VGO by 12% in comparison with April…

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