Contract negotiators between striking Alaska ferry boat workers and state officials have reached a tentative deal to end a 9-day-old walkout that has shut down the state Maritime Highway System, a federal mediator said on Friday.About 420 members of the Inlandboatmen's Union of the Pacific (IBU) walked off the job on July 24
Iran's Revolutionary Guards said on Friday they had captured a British-flagged oil tanker in the Gulf after Britain seized an Iranian vessel earlier this month, further raising tensions along a vital international oil shipping route.Britain said it was urgently seeking information about the Stena Impero after the tanker, which had been heading to a port in Saudi Arabia
It is truly no accident that Delgado Maritime & Industrial Training Center and Florida Marine Transport collaborate so closely.Zero incidents, zero injuries and eliminating critical barge and equipment failures doesn’t just happen by osmosis. It’s a result of continual safety training that breeds operational awareness and confidence to anticipate a difficult situation on an inland waterway
The hard-fought passage of VIDA promises a simpler, more unified and logical set of environmental standards related to the discharge of myriad vessel streams. Industry wanted it, and now it is here. Will it deliver, and if so, when? That depends on who you talk to.As most commercial maritime operators know, US ballast water regulations made a sharp turn last December.
Part I: Enhancing Engines & Fuels"Wood Mackenzie forecasts a 25 percent increase in price for lower sulfur content fuel based on a SOx scrubber adoption rate of about two percent, but some scenarios could cause LSFO prices to spike by as much as 60 percent."Around 80 percent of global trade is carried by sea.
The tanker shipping market continued to be volatile during the first quarter of 2019, but at a higher level than in the corresponding quarter the previous year, said Concordia Maritime.After the sharp rise at the end of 2018, some tanker market segments have now slowed down again, said the international tanker shipping company.
Uncertainty mounts in dry bulk shipping against a backdrop of weaker growth in Chinese imports, said BIMCO."The extent of the freight rate recovery in 2018 was limited – when compared with initial expectations – by a faster-growing fleet. Q4-2018 wasn’t as strong as it often is either, but we now know that was merely the beginning of a sharp downturn.
When it comes to docking and protecting your most valuable assets, there is no room for compromise.In relation to the sea, there is no room for compromise. That’s the philosophy that SF Marina Systems has brought to the design and manufacturing of concrete floating structures, stretching over 100 years of design history, research and development.
As the Middle East, and freedom of navigation issues come into sharper focus, today we look at the Top Middle Eastern vessel owning countries by fleet value, according to research by VesselsValue. To be succinct: the United Arab Emirates (UAE) dominates.
The United States is set to drive the global oil supply growth over the next 5 years, thanks to the strength of its shale industry, triggering a rapid transformation of world oil markets, according to the International Energy Agency (IEA).IEA said that oil exports from the United States will overtake Russia and close in on Saudi Arabia, bringing greater diversity of supply
By the end of last year, hedge fund positions in diesel had fallen to a level normally associated with a sharp slowdown in economic growth if not an outright recession.Most middle distillate fuels such as diesel, gasoil and jet fuel are consumed in freight transport (ships, trucks, railroads and air cargo) as well as manufacturing and mining.
South Korean shipbuilder Samsung Heavy Industries (SHI) has clinched a deal worth 209 billion won (USD 188 million) to build a liquefied natural gas (LNG) carrier.The South Korean shipbuilder said in the New Year's eve said that vessel is being built for a European owner, but it did not disclose the tanker’s capacity.SHI said in its statement said that the delivery is scheduled for March 31, 2021.