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U.S. Sanctions Deal Blow to LSFO for 'IMO 2020'
Highly sought after types of oil best suited to making cleaner shipping fuel are suddenly finding they are a tougher sell for thirsty East Asian markets, traders say, in an unintended consequence of U.S. sanctions on a Chinese shipping fleet.With just over two months until environmental rules are set to mandate the biggest changes to ship power in over a century, certain rare types of West Africanā¦
South Africa to Have First Chemical Tanker Ship
Nduna Maritime, a subsidiary of the Mnambithi Group, and the integrated chemicals and energy company Sasol have invested in South Africa's first locally-owned chemicalā¦
Fugro Appoints Erik-Jan Bijvank as Group Director
Dutch multinational geo-data specialist Fugro has appointed Erik-Jan Bijvank as Group Director for Europe and Africa.With this latest appointment, Fugro said itā¦
CMA CGM Set to Launch Guinea Gulf Express
French container transportation and shipping company CMA CGM plans to introduce its new product GUINEA GULF EXPRESS (GGX) service in complement of the current 6ā¦
W. Africa Crude-Buyers Wary as Freight Rates Weigh
Sellers returned to the window on Monday to entice buyers spooked by high freight rates due to Washington's sanctions on subsidiaries of a major Chinese shipping firm at the end of September.Long-haul rates to Asia have risen sharply prompting refiners to shed some cargoes.China's Unipec offered four cargoes in the window for a third session all November loading on a fob basis. These were Angolan Saturno at dated Brent plus 35 centsā¦
Hapag-Lloyd Expands Indian Services
German-based cargo container shipping line, Hapag-Lloyd AG expects Indian container market to grow further and it launches two new services."In response to growing demandā¦
Solstad Wins AHTS Charter Deals from Total
French oil giant Total has awarded contracts to Norwegian shipping company Solstad Farstad for two large anchor handling tug supply (AHTS) vessels.The offshore serviceā¦
E. Africa Focus on Marine Environ Protection
International Maritime Organization (IMO) has been working with southern and eastern African countries to help implement marine environment protection measures containedā¦
Saudi Attacks, High Demand Leaves U.S. Short on Oil Tankers
A disruption in global oil flows following attacks on Saudi Arabian facilities has left U.S. crude exporters without enough tankers to cover rising demand for cargoes, traders and shipping sources said.Missile attacks last Saturday temporarily cut Saudi oil production by more than 5 million barrels per day, or about half the country's output.That set off a scramble for alternative cargoes of crudeā¦
Incat Crowther-Designed Flex Ferry 33X Sets Benchmark
Incat Crowther has announced the launch and delivery of Krotoa, the first Flex Ferry developed in conjunction with Penguin Shipyard. The Incat Crowther designed vessel has been delivered to South Africaās Robben Island Museum and takes its name from the famous prisonās first female political prisoner. It is the first of Penguin Shipyardās passenger ferry stock build program. The second vessel will be completed in the coming weeks.Carrying 285 passengersā¦
Boluda Tows Worldās Largest Container Ship
Tugs from Boluda Towage Spain, the towing division of Boluda Corporación Marítima, have recently towed the largest container ship in the world in and out of the port of Algeciras.Built this yearā¦
ION Wins 2D Multi-Client Gig Offshore West Africa
ION Geophysical Corporation, a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry, announcedā¦
LNGC Containment Market to Reach $16Bln By 2025
The global liquefied natural gas (LNG) carrier containment market was USD 11.21 billion in 2018 and is expected to reach around USD15.56 billion by 2025, growingā¦
Natural Gas to be 29% of Worldās Energy Supply by 2050
The global oil demand will peak in the mid-2020s and gas demand will keep rising to 2033, says DNV GL.Gas demand will then plateau, and the fuel will remain dominantā¦
Epic Gas Refinances Two LPG Tankers
Singapore-based gas carrier owner and operator Epic Gas has completed the refinancing of two 2010-built liquefied petroleum gas (LPG) tankers.The two ships ā theā¦
Marseille Fos to be 1st Electric Port in Med
The the main trade seaport of France, the Port of Marseille Fos has unveiled a new eco-friendly initiative that supports the port's goal of becoming the Mediterranean'sā¦
Grindrod Sells NWK Stake
South African freight and logistics company Grindrod signed an agreement to sell its 20.3% stake in grain services provider NWK to NWK Holdings for R204-millionā¦
Turkish Steel Giant in Logistics Pact with MOL
Japanese shipping giant Mitsui O.S.K. Lines (MOL) has signed a memorandum of agreement with Turkish steel producer Tosyali Holding A.S.A joint press release saidā¦
DP World Joins Chinese Firm for First Traders Market
The Dubai-based ports operator DP World announced a partnership with Zhejiang China Commodity City Group Company (CCC) to develop the āTraders Marketā in Jebel Aliā¦
MOL, Karpowership Announce KARMOL
Mitsui OSK Lines (MOL) and Turkish company Karadeniz Holding announced that MOL and Karpower International B.V. have agreed to jointly carry out the first LNG-toā¦
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
