Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said.The possibility of more attacks on commercial shipping carrying oil and commodities through these waterways is growing after the outgoing U.S.
Shipping group Maersk said on Wednesday it is confident about the outlook for shipping beyond 2020 as a second wave of coronavirus infections has only had a limited impact on global freight volumes.Maersk, the world’s biggest container shipping line, has recovered faster than expected after the pandemic halted trade around the world, benefiting from higher retail sales in the United States.
Australian officials were evacuating workers from a Kuwaiti-flagged livestock ship docked off the country’s west coast on Tuesday after at least half the 52 crew tested positive for COVID-19.The cluster of cases is the fourth outbreak detected onboard a ship arriving at a Western Australia port over the last month, in a state that has otherwise been free of the coronavirus for weeks.
A third crewman from a cargo ship that capsized this week off the coast of Japan with more than 40 crew and some 6,000 cattle on board was found alive on Friday after he was spotted by a search plane, Japan's coastguard said.The man, 30-year-old Filipino Jay-nel Rosals, was found on a liferaft waving for help 2 km (1.
Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, a study released on Tuesday showed, amid growing pressure on the industry to bring levels down.About 90% of world trade is transported by sea and UN shipping agency - the IMO - aims to reduce the industry’s overall greenhouse gas emissions by 50% from 2008 levels by 2050.
Petroleum facilities guards prevented a tanker from entering Libya's Es Eider port to load a cargo of crude oil from storage on Wednesday, the National Oil Corporation (NOC) said in a statement.The Delta Ocean tanker had been blocked from loading despite what NOC Chairman Mustafa Sanalla called "the clear Libyan and international consensus that the NOC should lift force majeure.
Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana's Atlantic coast, the company said in a statement on Friday,Fifty-seven workers tested positive on a support vessel for a floating production and storage (FPSO) unit. Another worker tested positive on the FPSO itself, but production remains unaffected, the company said.
Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand.The crisis has thrown the container shipping trade off balance as supply chains have been upended and businesses and factory activity in China and later across the world was disrupted.
U.S. buyers of Saudi Arabian crude oil cancelled at least seven April-loading tankers after a jump in freight costs, two industry sources said, likely to result in lower-than-expected shipments from the world's top exporter.The move shows how some buyers are not rushing to take much extra oil despite a slide in prices this month to below $16 a barrel, the lowest this century
Ships must be allowed to change over overworked and exhausted crews to help to keep trade flowing as coronavirus lockdowns shut many transit points across the globe, shipping industry officials said on Tuesday.About 90% of world trade is transported by sea but a deepening lockdown in many countries and suspended air travel have disrupted supply chains
Vietnam has lodged an official protest with China following the sinking of a Vietnamese fishing boat it said had been rammed by a Chinese maritime surveillance vessel near islands in the disputed South China Sea.The Vietnamese fishing vessel, with eight fishermen onboard, was fishing near the Paracel Islands on Thursday when it was rammed and sunk by the Chinese vessel
The U.S. Navy commissioned its newest Expeditionary Sea Base, USS Hershel “Woody” Williams (ESB 4), during a ceremony Saturday, March 7, in Norfolk, Va.USS Hershel “Woody” Williams is optimized to support a variety of maritime-based missions and designed around four core capabilities: aviation facilities, berthing, equipment staging support, and command and control assets.