Feds seized his ship, now they're seeking him The U.S. has filed a civil forfeiture suit against an oil products tanker, the M/T Courageous, currently held in Cambodia under a U.S. seizure warrant, issued under seal on April 2, 2020.
VIDEO: Iranian vessels interfere with USCG patrol boats The U.S. Navy today released photographs and video of an April 2 incident in which Iran's Islamic Revolutionary Guard Corps Navy (IRCGN) vessels harassed two U.S. Coast Guard patrol boats. On April
VIDEO: AG Ems set to take delivery of MAN 175D-powered 34-knot cat German ferry operator AG Ems is getting set to deploy the new high tech catamaran ferry Nordlich II on its routes between Cuxhaven and Hegoland and Borkum. Set for commissioning in July,
Alexander-Cairo Port District completes project labor agreement Construction of a new inland port at the confluence of the Mississippi and Ohio Rivers in Cairo, Ill., has taken another step forward. The Alexander-Cairo Port District has completed a project labor
InterManager: We'll source seafarer vaccinations ourselves Frustrated by the lack of progress and slow pace of international efforts, ship management trade association InterManager says it will work separately to obtain COVID-19 vaccines to protect seafarers and keep international
Ports of Indiana handling cargo for $600 million expansion By June 30, Ports of Indiana-Jeffersonville is set receive more than 30 barges carrying shipments destined for a local cement facility undergoing a $600 million expansion project. Lehigh Cement Inc. is shipping
Tanker scrapping to slow on shipyard space crunch Rise in newbuilding orders for gas carriers and larger bulk carriers and containerships has filled slots at Asian yards
US seizes Cameroon-flagged tanker for North Korea sanctions evasion Legal tactic has also been used to seize crude and refined products cargo on foreign-flagged vessels accused of breaking US...
Ever Given owners seek to cap Suez limitable claims at $115m Big question is whether limitation will provide protection from vast number of claims expected after casualty, including billion-dollar compensation bid...
India and Belgium to vaccinate seafarers as supply fears grow India and Belgium have pledged to vaccinate seafarers in ports as worries grow that mounting coronavirus cases and resulting travel...
GoodBulk sees strong dry bulk market beyond this year It was 'the strongest first quarter since 2014, and the first time that a first quarter was higher than the...
No end in sight for equipment shortages A record number of containers will enter the market this year. Even so, poor port efficiency means container availability will...
Spill response launched off Qingdao after tanker struck by cargoship The quantity of oil spilled was not immediately quantifiable, but the vessel's technical manager said that all crew on board...
BDI continues to rise on strong capesize segment Capesize rates of $37,000 per day come at a time when Brazil's iron ore exports are running at half capacity...
Carnival contracts Bureau Veritas to support a return to cruising The cruise company has modelled its health and hygiene protocols on shoreside health and mitigation guidelines. Some of its brands...
DSV snaps up Agility's logistics business DSV has been on an aggressive expansion drive. The latest move will push it into the top three freight forwarders...
Maersk lifts guidance on strong freight rates Maersk's average freight rates were up 35% in the first quarter of the year. Bottlenecks and equipment shortages are expected...
Daily Briefing Free to read: More than 200 tankers could flood tanker market if Iran sanctions lifted | Yard Talk: Should a...
US awards $20m in grants to boost shipyard productivity 'These grants go directly to small shipyards across the country and will help protect and create local jobs, strengthen America's...
Stronger enforcement seen as key to accelerate shipping's decarbonisation A significant carbon tax that penalises conventional fuel solution is instrumental in accelerating the development to a decarbonised world, says Transport Capital...
Malaysia aims to be LNG ISO tank trade hub Petronas and Tiger Gas are joining forces to unlock liquefied natural gas demand using seagoing ISO tank containers, which are...
NYK joins project to create ammonia fuel standards Japanese shipowner is planning to invest in a new project sponsored by a group of significant players from the class...
Port of Long Beach agrees terminal lease deal with SpaceX 'We're honoured, as our signage says, to be the "port of choice" for SpaceX,' said port executive director Mario Cordero...
Matson CEO: Trans-Pacific trade to stay stronger for longer West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.
Suezmax A Symphony collides with bulk carrier near Qingdao, causing oil spill: sources A laden Suezmax tanker collided with a dry bulk carrier April 27 near China's Qingdao port, damaging its hull and resulting in an oil spill in the Yellow Sea.
Singapore's India-related ship crew change ban may hit bunker industry The recent prohibition came amid a spike in COVID-19 cases in India as a second wave of infections swept the country.
Net zero by 2050 needs six-fold increase in clean H2 consumption: report A net-zero greenhouse gas emissions global economy will need 500 million to 800 million mt of clean hydrogen consumption a year by 2050, five to seven times greater than today's market, the Energy Transitions Commission said in a report published April 27.
Brazil's Promar makes mature offshore oil fields attractive, more needed: executives Brazil's Promar program of regulatory measures and incentives aimed at boosting the revitalization efforts of mature offshore fields made the country's legacy production assets more attractive to small and medium-sized companies, but more work needs to be done for a recovery to gain momentum, executives said during a webinar April 27.
Ukraine to increase diesel imports to head off possible shortages Ukraine is preparing to increase imports of diesel fuel within the next weeks to address concerns of shortages in May, the Economy Ministry said April 27.
OIL FUTURES: Crude settles at one-week high as OPEC+ sees improving market conditions Crude oil futures settled higher April 27 as OPEC and its allies, citing favorable market conditions, agreed to move ahead with plans to raise production levels in May.
US Gulf Coast bunker outlook depends on 'who blinks first' The outlook for US Gulf Coast bunkering is challenging, with an unclear outcome ahead, as it faces profit margin pressures and persistent low demand, Adrian Tolson, director at Blue Insight research, said April 27 at the Petrospot Global Bunkering Summit 2021.
Saudi forces intercept bomb-laden vehicle in Red Sea: SPA Saudi forces have intercepted and destroyed a bomb-laden unmanned surface vehicle (USV) off the Red Sea port of Yanbu, according to a statement issued by the kingdom's ministry of defense, the latest incident amid escalating tensions in the region.
MFM technology seen as solution for COVID-19 bunkering disputes **Alternative option, surveyors, often not allowed on barges **Shortfalls seen as a big issue in industry
OIL FUTURES: Crude steady as OPEC+ JMMC commits to production increase Analysts had largely expected the group to proceed with the production increases as planned, however, a recent surge of COVID-19 infections in India, Turkey, and elsewhere had added some uncertainty in recent days.
OPEC+ committee endorses plan to hike crude oil production in May: delegates **Quotas rise 350,000 b/d, Saudis unwind 250,000 b/d of extra cut **Full OPEC+ meeting scheduled for April 28 will be canceled **Ministers will convene again in late May/early June to review decision
Japan consortium to develop and launch hydrogen-fueled marine engines by 2025 **Engines for ocean liners, large domestic ships **Eyes early deployment of hydrogen-fueled ships in Japan
LNG presents transition pathway to shipping's decarbonization goals: sources **Other low-carbon fuels will take time to develop **Dual-fuel engines gaining traction, fuels flexibility key **LNG's viability as bunker fuel proven on well to wake basis
Classification society DNV greenlights Wartsila CCS vessel plans **LCO2 shipping transport could play key role in decarbonization infrastructure **Demand contingent upon CCS developing
Japan's ENEOS seeks to hike April-June fuel oil prices by 14%-18% on firmer oil Japan's largest refiner ENEOS is seeking to hike its April-June quarter fuel oil prices for domestic industrial customers mainly due to firm oil prices
BP forecasts further drop in oil, gas output this year as asset sales bite **Q1 upstream output falls 14% on year despite OPEC+ easing **Gas project ramp-up to help ease asset decline **Sees market recovery, return to normal stock levels by year-end
Hydrogen 'no silver bullet' for decarbonization: panelists **Global market development already emerging for hydrogen **Green hydrogen costs expected to fall over next decade
CHINA DATA: Mar fuel oil exports rise 52.3% on year to 1.68 mil mt **Jan-Mar exports surge 76.6% on year **Imports for Jan-Mar decline 27.6% on year
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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