BIMCO has launched a Ship Recycling Alliance to help accelerate safe and environmentally sound recycling of ships. The alliance will co-ordinate the voices of the ship recycling industry and the shipping industry and help facilitate the global implementation of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC).
A merchant vessel reported two explosions near a ship travelling 14 nautical miles southwest of Yemen's Al Dhubab, British maritime security firm Ambrey said on Monday.The report followed statements by the U.K. Maritime Trade Operations (UKMTO) agency, which initially reported receiving information about two explosions related to an incident 25 nautical miles south of Yemen's port of Mokha.
Another Russian missile attack on Ukraine's Black Sea port of Odesa damaged two civilian vessels and a grain storage on Monday, killing one person and injuring at least eight, Ukrainian authorities said.Russian troops have ramped up strikes on Ukraine's southern port infrastructure in recent weeks. Such attacks, which damaged a total of four foreign-flagged vessels since Oct.
Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian LNG, with the government saying it was using new legal powers for the first time to target LNG vessels directly."Earlier this year, the UK sanctioned Arctic LNG 2, alongside our allies in the US and EU.
Washington State Ferries announced it has canceled the sale of two retired vessels after the buyer failed to meet its contractual obligations and left a tugboat crew abandoned in Puget Sound.Sold in August for $100,000 apiece, the decommissioned WSF ferries Elwha and Klahowya had been sold to Nelson Armas, who has gained approval from the U.S.
Taiwanese shipping firm Yang Ming Marine Transport Corp said one of its cargo ships caught fire on Friday at China's Ningbo-Zhoushan Port, one of the world's busiest.Earlier, Chinese state media said an explosion was reported at the port and shockwaves were felt a kilometer away.Yang Ming Marine Transport said a fire occurred on board the YM Mobility while it was operating in the port.
OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production.Brent crude oil prices LCOc1 have been trading near $80 per barrel in recent days, below what many OPEC+ members need to balance their budgets.
Yemen's Houthis will introduce military "surprises" in their Red Sea operations, the Iran-aligned group's leader Abdul Malik al-Houthi said in a televised speech on Thursday."Our military operations will continue and advance and we have surprises that our enemies will not expect at all," al-Houthi said.
Yemen's Iran-aligned Houthis claimed responsibility for an attack on a UK-owned cargo ship and a drone assault on an American destroyer on Thursday, and they targeted Israel's port and resort city of Eilat with ballistic missiles and drones.The statement by a Houthi representative on social media site X came shortly after the group's leader said it was ramping up attacks on ships in the Red Sea
Strikes against Houthi targets in Yemen have not fully diminished the group's appetite to disrupt Red Sea shipping, defence minister Grant Shapps said on Monday."These attacks have had a significant effect on degrading Houthi capabilities. But the Houthis' intent to continue disrupting the Red Sea has not been fully diminished," Shapps told parliament.
A Panama-flagged bulk carrier that was headed to a River Danube port to load grain has hit a mine in the Black Sea, the Ukrainian military said on Thursday.It was the latest incident of a civilian vessel hitting an explosive in the Black Sea in what Kyiv says is stepped-up Russian attacks on shipping and port infrastructure.
Russia has pledged to disclose more data about the volume of its fuel refining and exports after OPEC+ asked Moscow for more transparency on classified fuel shipments from the many export points across the vast country, sources at OPEC+ and ship-tracking firms told Reuters.Russia is the only member of OPEC+ which contributes to export cuts rather than production cuts as part of its participation