Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute U.S. shipments from Europe, in a practice that raises doubts over whether reforms to the crude price marker have succeeded.Brent, the most significant benchmark across commodity markets, is used to price more than 60% of globally traded crude and underpins oil futures.
Crew members on Mike Lynch's yacht have spoken of the moments when a storm sank the vessel off Sicily and their efforts to help save passengers, after a disaster that killed the British tech tycoon and six other people.Matthew Griffiths, who was on watch duty on the night of the disaster two weeks ago
British police arrested a man on Tuesday on suspicion of gross negligence manslaughter after an unexplained collision at sea left a tanker carrying U.S. army jet fuel with a gaping hole in its side and a charred container ship adrift.The tanker, Stena Immaculate, which carries jet fuel for the U.S.
Dutch marine provider Boskalis will salvage the U.S.-flagged tanker Stena Immaculate, which was struck by a container ship off northeast England on Monday, a spokesperson said on Tuesday, confirming earlier Dutch media reports.He could not give a time frame for the salvaging but added that four ships carrying foam and extinguishing agents were already en route to put out the fire caused by the
Incat Crowther designed a new 24-m passenger fast ferry for Caribbean operator Smith's Ferry Services. Built by Australian shipyard Aluminium Marine in Brisbane, the new ferry will transport 149 passengers at speeds of up to 28 knots and has been designed for the busy Charlotte Amalie (U.S Virgin Islands) to Road Town (British Virgin Islands) tourism route.
SC Ports has expanded its container yard at Inland Port Greer to handle customers' growth.South Carolina Ports is enhancing its intermodal connections in South Carolina with the ongoing expansion of Inland Port Greer and construction of the Navy Base Intermodal Facility.SC Ports is investing to expand Inland Port Greer with more cargo and rail capabilities to support customers’ growth in the
The Netherlands plans to temporarily enlist additional personnel and equipment from private companies to strengthen security in its part of the North Sea, the Defence Ministry said on Wednesday, confirming media reports.The decision follows reports last year from Dutch military intelligence agency MIVD that Dutch North Sea infrastructure, such as gas pipes and windmills
Shipowners and operators of EU vessels must take steps to ensure that all new firefighting suits on board comply with changes to European regulations, which enter into force in June 2025, according to urgent advice from VIKING Life-Saving Equipment.Viking recommends fleet managers undertake a full risk assessment of their firefighting suits to verify compliance with requirements applying under
The European Union has widened its sanctions against Iran over Tehran's support of Russia in its war with Ukraine, the European Commission said on Monday.The Commission said it had added the Islamic Republic of Iran Shipping Lines (IRISL) and its director Mohammad Reza Khiabani, among others, to its sanctions list.