Monday, March 1, 2021
Ocean Princess Tanker
finance

VLCC Fire Sale – Singapore Tanker Tycoon O.K. Lim Liquidates One-Third His Fleet To Repay Billions Of Debt

By Jessica Jaganathan (Reuters) – About one-third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part...

Monday, March 1, 2021
Total Views: 3620

Sunday, February 28, 2021
Accidents

Israel Widens Search for Ship Behind Oil Spill After Greek Tanker Ruled Out

JERUSALEM, Feb 28 (Reuters) – Israel on Sunday broadened its search for the ship behind an oil spill that blackened its beaches with tar after investigators ruled out one of...

February 28, 2021
Total Views: 3070

Maritime Security Incidents

RoRo Hit By Explosion Hobbles Into Dubai For Assessment

Reuters) – An Israeli-owned ship hit by an explosion in the Gulf of Oman strategic waterway has arrived at a port in Dubai, where is it is due to be...

February 28, 2021
Total Views: 9668

Friday, February 26, 2021
Shipping

Biden Trade Pick Says China Must Deliver on Phase-One Pact

By Eric Martin and Jenny Leonard (Bloomberg) — President Joe Biden’s nominee for trade chief called on China to live up to the commitments in its trade pact with the U.S. — the...

February 26, 2021
Total Views: 2323

Ports

U.S. Retailers See Millions in Sales Delays Amid Shipping Logjam

By Kim Bhasin, Jordyn Holman and Henry Ren (Bloomberg) — Overwhelmed U.S. ports, elevated freight costs and accidents that sent goods plunging to the bottom of the ocean are causing headaches...

February 26, 2021
Total Views: 3226

Defense

U.S. Navy Reports COVID-19 Outbreaks on Two Bahrain-Based Ships

The U.S. Navy is responding to COVID-19 outbreaks aboard two of its ships based in Bahrain. In a statement, the U.S. 5th Fleet said about a dozen service members aboard...

February 26, 2021
Total Views: 2146

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Friday, February 26, 2021
Shipping

NOAA Kicks Off Transition Exclusively to Electronic Navigation Charts

The U.S. National Oceanic and Atmospheric Administration is set to begin implementing its sunset plan for paper nautical charts as it transitions exclusively to electronic navigation charts. NOAA announced its...

February 26, 2021
Total Views: 9975

Shipping

Oil-Based Bunker Fuel Demand to Drop as Ships Cut Emissions -Woodmac

By Roslan Khasawneh SINGAPORE, Feb 26 (Reuters) – Global demand for oil-based marine fuels is set to fall in the next three decades as stricter carbon emissions rules for the shipping industry...

February 26, 2021
Total Views: 1891

Offshore

Norway Sees Dramatic Drop in Interest for Arctic Oil Exploration

By Lars Erik Taraldsen (Bloomberg) — Interest in oil exploration in the Norwegian Arctic has dropped dramatically following years of disappointing drilling results. Only seven oil companies applied for new acreage...

February 26, 2021
Total Views: 1351

Shipping

Explosion Reported on Car Carrier in Gulf of Oman

By Lisa Barrington DUBAI, Feb 26 (Reuters) – A Bahamas-flagged ship, the MV HELIOS RAY, was hit by an explosion in the Gulf of Oman on Thursday, the United Kingdom...

February 26, 2021
Total Views: 8159

Thursday, February 25, 2021
Shipbuilding

Leidos to Acquire Famed Naval Architecture Firm Gibbs & Cox for $380 Million

Defense contractor Leidos (NYSE: LDOS) has announced a definitive agreement to acquire U.S.-based naval architecture firm Gibbs & Cox for $380 million in cash. The acquisition was revealed this week...

February 25, 2021
Total Views: 2722


Thursday, February 25, 2021
Shipping

Ship Owners Lock In Charter Rates at 13-Year Highs

By Mike Wackett (The Loadstar) – Containership charter rates have hit 13-year highs and shipowners are locking these in with carriers on three- and five-year charters. Alphaliner says the supply of container...

February 25, 2021
Total Views: 3322

Defense

Germany and Belgium Seize a Record 23 Tonnes of Cocaine Found in Shipping Containers

AMSTERDAM/ASUNCION, Feb 24 (Reuters) – Customs authorities in Germany and Belgium have seized a record haul of more than 23 tonnes of cocaine destined for the Netherlands in two raids this month,...

February 25, 2021
Total Views: 3802

u.s. coast guard
Uncategorized

U.S. Coast Guard Convenes Formal Investigation into Fatal Capsizing of a Fishing Vessel at the Tillamook Bay Bar

The U.S. Coast Guard will convene a formal marine casualty investigation into the capsizing of a commercial fishing vessel with the loss of two lives at Oregon’s Tillamook Bay Bar...

February 25, 2021
Total Views: 1777

Shipping

The Long Trail: After Months at Sea, Spanish Livestock Ship Returns to Port

By Emma Pinedo and Marco Trujillo CARTAGENA, Spain Feb 25 (Reuters) – A shipload of Spanish cattle that had been drifting for months due to concerns over the bovine bluetongue...

February 25, 2021
Total Views: 13032

Shipping

CMA CGM to Deploy Six LNG-Powered Containerships on Transpacific

French shipping giant CMA CGM has announced plans to deploy six new LNG-powered containerships dedicated to the China-U.S. market. Group Chairman and CEO Rodolphe Saadé made the announcement at the...

February 25, 2021
Total Views: 1327

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Thursday, February 25, 2021
Shipping

Grimaldi Returns to Hyundai Mipo Dockyard for Six Multipurpose Ro-Ros

Italian shipping company Grimaldi Group has announced the construction of six new multipurpose roll-on/roll-off vessels at Hyundai Mipo Dockyard in South Korea. The ships are part of an inaugural class...

February 25, 2021
Total Views: 1860

Offshore

Oil Benchmark Revamp Sees Surge in Trading of Opaque Swaps

By Alex Longley (Bloomberg) — A planned overhaul of how the world’s most important benchmark crude price is calculated has caused a surge in trading of swaps used to hedge North...

February 25, 2021
Total Views: 727

Environment

The Deadliest Catch Is About To Get Deadlier As Arctic Thunderstorms Are Predicted To Intensify

By Yereth Rosen (Reuters) – Alaska may need to brace for more thunderstorms — along with the landslides, floods and wildfires they can bring — if current climate trends continue,...

February 25, 2021
Total Views: 37367

Wednesday, February 24, 2021
Shipping

Maersk Tankers and Cargill Team Up on New Bunker Procurement Service

Maersk Tankers and Cargill have teamed up to launch a new bunker procurement service that will offer better pricing, service and transparency to tramp shipping companies and trading houses. The...

February 24, 2021
Total Views: 3131

Offshore

Oil Hits One-Year High With Market Eyeing Tight Global Supplies

By Andres Guerra Luz (Bloomberg) — Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback...

February 24, 2021
Total Views: 1125