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Shipping stocks slide after US port strike ends

Posted to Maritime Reporter on October 3, 2024

Shipping shares fell across Asia Friday, after U.S. port operators and workers reached an agreement to end the strike at docks on the East Coast and Gulf Coast much sooner than expected. Evergreen Marine, Wan Hai Lines, and Yang Ming Marine…

West, a UK-based ship insurer, has problems with paying claims to a Russian company that is under sanctions

Posted to Maritime Reporter on July 23, 2024

West, a UK ship insurer, said that it would be difficult to pay claims for ships involved with accidents or collisions involving other vessels insured by the sanctions-hit Russian Ingosstrakh. This is another indication of the difficulties with Moscow's oil trading.

Singapore's maritime biofuels centre has completed its final marine decarbonisation trial

Posted to Maritime Reporter on July 23, 2024

The Global Centre for Maritime Decarbonisation in Singapore (GCMD) announced this week that it had completed the final trials of biofuels for ships, with German container company Hapag-Lloyd as well as energy giant BP. The GCMD started an 18…

Tracking data shows that the oil tanker captured by Iran in 2023 is anchored near the coast of UAE, according to tracking data

Posted to Maritime Reporter on July 15, 2024

Ship tracking data revealed on Monday that a Chevron chartered oil tanker, seized by Iran over a year earlier, has anchored near the United Arab Emirates Port of Khor Fakkan. In April 2023, the Iranian military boarded the Marshall Islands-flagged…

Sources say that the abandoned tanker Lavant is likely to have sunk in Yemen.

Posted to Maritime Reporter on July 3, 2024

Three navy and security sources confirmed that an abandoned tanker drifting near Yemen's coastline in June disappeared and was believed to have sunk. This is the latest vessel lost on the strategically significant Red Sea. This area is on the…

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