Two Iranian-flagged tankers transporting fuel are sailing round Africa’s Cape of Good Hope en route to the Atlantic Ocean, according to Refinitiv Eikon’s vessel tracking data.The medium-size vessels Forest and Fortune, carrying about 300,000 barrels of fuel each loaded at Iran’s Bandar Abbas terminal last month, are bound for Venezuela, according to sources with knowledge of the shipment.
Dozens of tankers holding jet fuel and gasoline are at anchor in sea lanes around Europe's main storage hubs, unable to discharge their cargoes as onshore tanks are full to capacity following the collapse in demand linked to the coronavirus crisis.Nearly 1 million tonnes of refined products are parked on around 30 tankers off Europe's coast, Reuters calculations found.
The White House has reached a "deal in principle" with Beijing to resolve the 17-month U.S.-China trade war, according to a source briefed on the trade talks.The White House was expected to make an announcement later on Thursday, the source said."The written agreement is still being formulated, but they have reached an agreement in principle," the source said.
The keel laying ceremony for the first of Swan Hellenic’s two new ice-class expedition cruise ships took place in Helsinki today. This saw the first 347-ton block of the ship – newly arrived from Klaipeda, where it had been outfitted and painted – being set on the keel over coins to bring good luck in accordance with ancient maritime custom.
The Trump administration will push for a broad reset of “outdated tariff determinations” at the World Trade Organization to fix what it sees as years of unfair treatment of the United States, a top trade official told U.S. lawmakers on Wednesday.U.S. Trade Representative Robert Lighthizer said the Geneva-based body was “a mess” and changes in the tariffs set by the Geneva-based WTO were urgently
Offshore drilling contactor Valaris, which is exploring a bankruptcy restructuring, on Thursday said it could take up to two years to reactivate idle equipment as contracts dry up during a historic rout in oil prices.Global oil markets have collapsed since the beginning of March as the coronavirus pandemic has crushed fuel demand.
Technology group Wärtsilä and classification society DNV GL say they will work together to contribute to the marine industry’s ongoing digital transformation. In particular, the two companies aim to to further explore the potential use of digital technologies, collaborative data sharing and standardization to enhance existing products and services, and to develop new ones.
A new tourist ferry serving the Amalfi coastline is equipped with a Volvo Penta quad IPS installation with IMO III compliant after-treatment package, offering not only excellent maneuverability, fuel economy and emissions benefits.The 36-meter ferry Vega can transport up to 540 passengers each sailing on visits to the towns of Salerno, Maiori, Positano, Amalfi and the islands south of Naples.
Marine electrical systems provider Vard Electro Canada’s said it is setting up new operations in Houston to serve the North American maritime industry. Vard Electro US Inc. will offer the same marine electrical engineering, procurement solutions, and vessel system integration as Vard Electro, a subsidiary in the Vard Group majority-owned by shipbuilding giant Fincantieri.
Two Maltese maritime training and contingency management training organizations will be offering a new set of integrated courses from 2021 after agreeing a memorandum of understanding earlier this month.The Mediterranean Maritime Research and Training Center (MaritimeMT) and the International Safety Training College (ISTC) will create a new set of courses covering both maritime training and the
The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the coronavirus.The Chamber said the pandemic had clearly slowed progress for both governments, but there were reasons to be hopeful.