News

The latest maritime and offshore news.


Tuesday, February 26, 2019
iranian crude supertanker
Shipping News

16 Tankers Are Stuck With 8.36 Million Barrels Of Crude That Nobody Wants

by Lucia Kassai (Bloomberg) Venezuela is running out of space to store its sanction-stained crude that few dare to buy, forcing it to reduce output at a time

February 26, 2019
Total Views: 73

Containership Companies Cleared In U.S. Investigation
News

Containership Companies Cleared In U.S. Investigation

by Vera Eckert (Reuters) – The world’s two biggest container shipping companies on Tuesday said they have been cleared in an investigation of the

February 26, 2019
Total Views: 60

Monday, February 25, 2019
U.K. Wants Brexit Ferry Fiasco Put On Trial
Shipping News

U.K. Wants Brexit Ferry Fiasco Put On Trial

by Kaye Wiggins (Bloomberg) The U.K. government appears to want an upcoming trial over its controversial no-deal Brexit ferry contracts to be held in private,

February 25, 2019
Total Views: 27

China’s LNG Imports Rise To Record High
Shipping News

China’s LNG Imports Rise To Record High

by Meng Meng (Reuters) – China’s liquefied natural gas imports in January rose to a record as an increase in residential heating demand during the

February 25, 2019
Total Views: 41

Yantian Express photo provided by Hapag-Lloyd.
Shipping News

Hapag-Lloyd Operating Profit Rises 32 Percent

by Vera Eckert (Reuters) – Container shipping firm Hapag-Lloyd said volume growth and a modest recovery in freight rates in the second half of 2018

February 25, 2019
Total Views: 24

Bay Of Bengal India Fishing Boats
News

Warming Waters Heat Up Fishing Costs Along India’s Coast

by Colin Daileda (Thomson Reuters Foundation) Thankachan Polayalil has been a fisherman for 42 of his 65 years, long enough to remember when fish were visible

February 25, 2019
Total Views: 71

Sunday, February 24, 2019
Why Are Supertankers Hauling Seawater Into The USA?
Shipping News

Why Are Supertankers Hauling Seawater Into The USA?

by Julian Lee (Bloomberg) – Supertankers hauling seawater across the Atlantic? That’s just one of the odder results of the U.S. shale boom.

February 24, 2019
Total Views: 111

Friday, February 22, 2019
shipping container
Shipping News

Container Spot Rates Decline Sharply

By Mike Wackett (TheLoadstar) Both of the major east-west tradelanes recorded significant falls on today’s Shanghai Containerized Freight Index (SCFI),

February 22, 2019
Total Views: 42

autonomous shipping
News

Flexport Secures A Billion Dollars In New Funds

By Gavin van Marle (TheLoadstar) US digital-first freight forwarder Flexport has secured “a truly outstanding” $1bn in a new funding round led by

February 22, 2019
Total Views: 141

LNG-Tanker-Excellence
News

Why’s A Big Red Tanker Drifting Near Boston?

by Naureen S. Malik (Bloomberg) A red-hulled tanker is drifting in Massachusetts Bay, trying to capitalize on the brief two-month window when natural gas

February 22, 2019
Total Views: 551

Brittany Ferries new LNG vessel Honfleur
Shipping News

Repsol To Supply Brittany Ferries’ New LNG Ship

Brittany Ferries has signed an agreement with Spanish energy company Repsol for the delivery of Liquefied Natural Gas to its Spanish operations. A letter of

February 22, 2019
Total Views: 73

Thursday, February 21, 2019
Lou Vest, tanker, oneeighteen
News

Twelve Empty Supertankers Reveal The Truth About Today’s Oil Market

by Firat Kayakiran (Bloomberg) They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do,

February 21, 2019
Total Views: 609

Rio-Arauca-tanker
Ports

Crews To Abandon Two Venezuelan Tankers Stuck On Portugal

by Catarina Demony (Reuters) – The crew of Venezuelan oil tanker, the Rio Arauca, that has been stuck in the middle of the river Tagus in Lisbon for

February 21, 2019
Total Views: 103

Wednesday, February 20, 2019
Ship and Marine Finance Image
Shipping News

Hedge Funds Hunt for Shipping Debt in New Market Push

By Jonathan Saul and Maiya Keidan LONDON, Feb 20 (Reuters) – A growing number of hedge funds are moving into shipping debt, an asset class few have

February 20, 2019
Total Views: 67

port of inverness
Ports

Interview: Sinclair Browne, Chief Executive Port of Inverness, Talks Port Operations, Technology, Brexit And More

Interview by Paul González-Morgan (Marine Strategy) – Sinclair Browne is Chief Executive of the Port of Inverness, situated in the city of Inverness,

February 20, 2019
Total Views: 131

Shipping emissions
Shipping News

Scrubber Debate Heats Up as EC Calls on IMO to Restrict Use

By Mike Wackett (The Loadstar) – The pro-scrubber Clean Shipping Alliance 2020 has strongly criticised the EC for urging the International Maritime

February 20, 2019
Total Views: 37

p&o ferry spirit of france
Shipping News

DP World Buys Back Britain-Based P&O Ferries for $421 Million

DUBAI, Feb 20 (Reuters) – DP World has bought back British ferry and shipping freight operator P&O Ferries for 322 million pounds ($421 million),

February 20, 2019
Total Views: 104

UAE Eases Qatar Shipping Ban Amid Continuing Dispute
Shipping News

UAE Eases Qatar Shipping Ban Amid Continuing Dispute

By Alexander Cornwell, Lisa Barrington and Eric Knecht DUBAI/DOHA, Feb 20 (Reuters) – The United Arab Emirates has eased a ban on the shipping of goods

February 20, 2019
Total Views: 84

Tuesday, February 19, 2019
Several Injuries Reported as Offshore Wind Crewboat Collides with Cargo Ship Off Germany
Shipping News

Several Injuries Reported as Offshore Wind Crewboat Collides with Cargo Ship Off Germany

Several people have sustained injuries after an offshore wind crewboat collided with an 81-meter cargo ship in the Baltic Sea off the coast of Germany on

February 19, 2019
Total Views: 88

Hornsea 1 turbine
Shipping News

First Turbine Installed at World’s Largest Offshore Wind Farm

The first turbine at the soon-to-be world’s biggest offshore wind farm has been installed and is now producing electricity off of England’s coast. When

February 19, 2019
Total Views: 60