The Panama Canal has welcomed the 6,000th Neopanamax vessel through the Expanded Canal with the transit of the LNG carrier Energy Liberty on voyage from the U.S. to Japan. The Panama Canal Authority says the milestone underscores the route’s ability to accommodate the highly-dynamic liquefied natural gas (LNG) segment, which first started using the waterway […]
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Marshall Islands Releases Long-Awaited Stellar Daisy Casualty Report
The Maritime Administrator of the Republic of the Marshall Islands has released its long-awaited report on the investigation into the 2017 loss of the Stellar Daisy in the South Atlantic. The Marshall Islands-flagged Stellar Daisy, a 266,141 DWT very large ore carrier, sank on March 31, 2017, approximately 1,700 nautical miles from Uruguay while underway […]
Qatar Launches Massive LNG Shipbuilding Program That Could Exceed 100 Ships
Qatar, the world’s second largest exporter of liquified natural gas, has taken its first firm steps in a massive LNG shipbuilding program that could exceed 100 newbuild LNG carriers over the next decade. Qatar Petroleum on Tuesday issued an ‘invitation to tender’ to shipbuilders for the reservation of LNG ship construction capacity. The initial plan […]
Strait of Hormuz: The World’s Most Important Oil Artery -FAQ
LONDON, April 23 (Reuters) – Iran has said it would block the Strait of Hormuz if it was barred from using the strategic waterway through which about a fifth of oil that is consumed globally passes. The threat from an Islamic Revolutionary Guards Corps (IRGC) commander followed a U.S. announcement on Monday that it would […]
EU NAVFOR Confirms Pirate Attacks Off Somalia
Suspected pirates attacked two fishing vessels in the Indian Ocean off the coast of Somalia this week, the latest incident underscoring the continued threat to ships and crews in the Horn of Africa region. EU NAVFOR Somalia Operation Atalanta confirmed that on April 21, the fishing vessels FV Adria and FV Txori Argi came under attack […]
China Shows Off New Destroyer During Major Naval Parade
By Ben Blanchard QINGDAO, China, April 23 (Reuters) – China showed off the first of its new generation of guided missile destroyers on Tuesday as President Xi Jinping reviewed a major naval parade through mist and rain to mark 70 years since the founding of China’s navy. Xi is overseeing a sweeping plan to refurbish […]
Price of Bunker Fuel Surges Ahead of IMO 2020
By Jack Wittels (Bloomberg) — Demand for the shipping industry’s main fuel is widely expected to collapse like never before in 2020, so it might come as a surprise that its value is soaring. High-sulfur fuel oil at the Dutch port of Rotterdam in January is now trading at about $16 a barrel less than […]