Argus Adds IMO-Compliant Marine Fuel Price Assessments for Europe, U.S.

By Roslan Khasawneh SINGAPORE, Nov 13 (Reuters) - Oil price reporting agency Argus has launched five new price assessments for low-sulphur marine fuels, ahead of new global rules capping the amount of sulphur in marine fuels, also known as bunkers. International Maritime Organization (IMO) regulations will cut the limit for sulphur in bunker fuels globally from 3.5 percent … [Read more...]

Three Crew Found Dead in Cargo Hold of Ship Off Japan

Three crew members of the Panama-flagged cargo ship Apollo Kita have died after being found uncounsous in a cargo hold of vessel in Japan. The three male victims had apparently been cleaning the hold of the ship at an anchorage off Ishigakijima Island in Okinawa Prefecture when they were found by fellow crew members last Friday, November 9th. Authorities rushed the men to … [Read more...]

Norwegian Frigate Sinks Further After Collision with Tanker

By Nerijus Adomaitis and Terje Solsvik OSLO, Nov 13 (Reuters) - A Norwegian navy frigate that collided with an oil tanker last week was almost completely submerged on Tuesday despite efforts to salvage the sinking vessel, pictures taken by the Norwegian Coastal Administration showed. The ship's plight off the Norwegian coast is, however, not disrupting the nearby Sture crude … [Read more...]

Japan Takes South Korea to WTO Over Financial Support for Shipbuilders

By Tom Miles GENEVA, Nov 13 (Reuters) - Japan has launched a complaint at the World Trade Organization to contest what it says is illegal financial support given by South Korea to commercial shipbuilders, according to a WTO filing published on Tuesday. "The measures in question relate to the development, production, marketing, and/or sale or purchase of commercial vessels, … [Read more...]

Iran’s Military is Ready to Protect Oil Tankers Against Threats, Deputy Commander

DUBAI, Nov 12 (Reuters) - Iran's armed forces will protect Iranian oil tankers against any threats, an Iranian military official said on Monday after the United States called the ships a "floating liability" and warned ports operators not to allow them to dock. The United States resumed sanctions on Iran's oil, shipping and banking industries last Monday after U.S. President … [Read more...]