Coast Guard Commandant Adm. Bob Papp discussed the Coast Guard’s Marine Safety Performance Plan, merchant mariner credentialing and the maritime transportation systemin his remarks to the Passenger Vessel Association annualconvention in St. Louis, MO, on Feb. 6, 2011. WorkBoat.com also published an article.
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A hijack signal sent from a Panama-flagged petroleum products tanker off Iran was a false alarm, British maritime security firm Ambrey said on Wednesday.
The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said on Monday.
The prospect of a deal over Iran’s nuclear program saw oil fall sharply on Thursday. The reality is that Tehran has relatively little extra crude that it can bring back — but it could arrive in a market that’s gearing up for surplus.
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