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VLCC Carrying Diesel Changes Destination for Third Time
New-build VLCC Maran Aphrodite, which is carrying a 200,000 metric ton diesel cargo from Asia, has changed its final destination for a third time, according to Reuters ship-tracking data.The ship was
Container Handling Up 45% at King Abdullah Port
Rayan Qutub, CEO of King Abdullah Port, has announced that the port has achieved new heights in container handling this year, already showing a 45% increase during…
DNV GL: Classification More Relevant than Ever
In an increasingly complex, fast changing, and challenging market, the role of the classification society is more relevant than ever, said Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime, at a press conference ahead of Posidonia trade fair in Athens. Class enables innovation in shipbuilding, guides owners and operators through a demanding regulatory landscape, and helps the industry tackle cyber-crime…
YANMAR Announces Key Appointments
YANMAR Marine International (YMI), supplier of engines and technology-driven marine propulsion systems to the leisure and light duty commercial markets, has announced key appointments.Following his work in various senior managerial positions in the company, Teruyuki Yamaoka is named the new Vice President YMI, while Floris Lettinga is promoted to Director Sales and Marketing to extend his 15 years…
Portugal PM Wants Sines Port to Expand, Handle More U.S. LNG
Portugal is seeking to expand its deep-water port of Sines to handle greater liquefied natural gas (LNG) shipments from the United States and elsewhere to offset Europe's shrinking domestic output, Prime Minister Antonio Costa said on Monday.Costa, who spoke at a conference on Portugal-U.S. ties, said the port of Sines, which already has an LNG terminal, could be expanded into a larger hub capable of receiving LNG transhipments…
At Least 48 Dead after Migrant Boat Sinks
At least 48 migrants were killed when their boat sank off Tunisia's coast and 67 others were rescued by the coast guard, officials said on Sunday, one of the worst…
Namibia Strengthens Oil Spill Response
Namibia has hosted of a series of events addressing oil spill preparedness and response, with two back to back workshops in Swakopmund (22-24 May and 28-31 May)…
DNV GL Completes Due Diligence of Dutch Windpark Spui
DNV GL, the world’s largest resource of independent energy experts and certification body, has successfully completed comprehensive due diligence of the Dutch Windpark Spui…
Inchcape to Pay $20 Mln for Allegedly Overbilling US Navy
U.K. based marine services contractor Inchcape Shipping Services Holdings Limited and several of its subsidiaries have agreed to pay $20 million to resolve allegations that they violated the False Claims Act by knowingly overbilling the U.S. Navy under contracts for ship husbanding services, the U.S. Department of Justice announced.Inchcape provided goods and services, including food and other subsistence items…
Five People Dead, 40 Missing in Yemen's Socotra After Cyclone
Five people were killed and at least 40 missing on the Yemeni island of Socotra on Friday as Cyclone Mekunu pummelled the area then made its way towards the Arabian…
Italy’s First, Fully-Automated Gantry Cranes Reach Vado Ligure
Italy’s first ARMG (Automated rail mounted gantry cranes) have reached APM Terminals Vado Ligure. These will be used in the new Container Terminal due for completion in 2019.
Gambian President Barrow Visits Antwerp Port
A collaboration agreement was signed on Thursday 24 May, in the port of Antwerp between on the one side Port of Antwerp International (PAI), the consultancy and…
Tropical Storm Hits Yemen's Socotra
Yemen declared a state of emergency on the island of Socotra on Thursday as a tropical storm intensified after flooding several villages and capsizing boats to leave at least 17 people missing…
Maersk Line Rolls out Exclusive Transatlantic Service
Maersk Line, the world's largest shipping company, announced the expansion of its product portfolio between Europe's Mediterranean region and Canada to cater for…
Pirate Attacks Grow in South America and Caribbean
Pirate attacks around South American and Caribbean waters are growing, and violence is increasingly used during robberies committed on vessels at anchor, a report showed on Wednesday.
China and Shifting Seaborne Iron Ore Dynamics
The seaborne iron ore market appears to be in something of a sweet spot currently, with largely steady demand and prices that have been flatlining for the past couple of months. Of course, another way of saying that a market is enjoying relatively stable and good times is that it's boring, but in iron ore there is plenty of action bubbling beneath the seemingly calm exterior. It's not so much that iron ore prices or volumes are expected to shift dramatically in the coming months…
US Exports to China to Rise amid Trade Talks, but Volumes are Capped
China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid exacerbating a trade war between the world's two biggest economies, with energy and commodities high on Washington's list of products for sale.The U.S. trade war with China is "on hold" after the governments agreed to drop tariff threats and work on a wider agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday.
Jeddah Mulls Safe and Secure Regional Waters
Signatory States to an agreement aimed at repressing piracy, armed robbery and illicit maritime activity in the western Indian Ocean and the Gulf of Aden Area have…
Diesel Tankers Turn to New York after Stocks Drop
Tankers carrying diesel from Asia and Europe, including a giant 200,000 tonne cargo, are sailing towards New York where fuel supplies have dropped to a three-year…
Oil Spill Response in Equatorial Guinea
Emergency preparedness and response in the oil and gas sector was at the core of a workshop held in Malabo, Equatorial Guinea (7-10 May). The aim of the workshop…