Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas
A German warship operating as part of the United Nations' UNIFIL peacekeeping mission shot down a drone off the coast of Lebanon on Thursday, the German defense ministry told Reuters, as unease builds over the safety of the U.N. troops in the country.UNIFIL positions have come under fire in Lebanon since Israel launched a ground operation against Hezbollah militants on Oct.
Austal USA LLC has pled guilty and has agreed to pay $24 million to resolve an investigation by the U.S. Justice Department related to an accounting fraud scheme and efforts to obstruct the Defense Contract Audit Agency (DCAA) during a financial capability audit.The Justice Department’s criminal resolution was coordinated with the U.S. Securities and Exchange Commission (SEC).
Spanish authorities have detained a German-operated cargo ship for causing a spill during a refueling operation near the Spanish enclave of Ceuta, Spain's Merchant Fleet said on Monday.The Antigua & Barbuda-flagged Tony Stark ship cannot leave the port on Africa's north coast until the owners pay bail of 120,000 euros ($130,524), it added.
The 2024 IMO Award for Exceptional Bravery at Sea is to go to two sets of nominees: the captain and crew of the oil tanker Marlin Luanda for containing a fire after the ship was struck by an anti-ship missile; and the captain and crew of the tugboat Pemex Maya for their rescue of six shipwrecked people from four different vessels during a hurricane.
A luxury cruise ship has rescued dozens of migrants who were trying to reach the Spanish Canary Islands in a fishing boat that had stalled in rough seas killing five people, Spanish authorities and the cruise operator said on Thursday.The archipelago has become the main point of entry to Spain for illegal migrants from Africa in recent years, and the route is also the deadliest.
In the last decade, changing U.S. Administrations have become increasingly tumultuous, as the swings in priorities and directives have a real, material impact on business. Read on for insights on the current and future of U.S. Offshore Wind.In the weeks preceding his late January inauguration
Alternative fuels could account for up to a fifth of A.P. Moller-Maersk's marine fuel consumption in 2030 as part of its goal to reach net zero by 2040, a senior company executive said on Thursday.The container shipping giant typically consumes between 10 and 11 million metric tons of fuel oil equivalent per year, of which 3% were alternative fuels last year, Emma Mazhari, vice president
Spanish police said on Friday they had seized four metric tons of cocaine hidden in rice sacks at Barcelona's port, breaking up a crime ring that operated in Spain, Paraguay and Britain.The drug smugglers processed the drugs into powder in Asuncion, Paraguay, and then put them plastic bags which were hidden inside sacks of rice sewn by hand before shipping them to Europe, the statement said.
Advances in autonomous vessels – from R&D to regulatory policies to actual work – are moving rapidly. AVs include a range of vessel types and missions, from freight to law enforcement to research to defense. There are many acronyms. Some examples –AV stands for autonomous vessel.AUV is autonomous underwater vessel.MASS stands for “maritime autonomous surface ship.”NOMARS is a U.S.
InterManager has collaborated with The Nautical Institute and IMarEST have launched an industry-wide survey which aims to collate feedback from those working on ships about enclosed space risks.The detailed online survey, which can be completed anonymously, asks seafarers to identify what aspects of enclosed space entry present risks for them and questions how involved in safety procedures they
Oman's state-owned logistics firm Asyad Group is planning an initial public offering (IPO) of its subsidiary Asyad Shipping Co by the end of the year and has selected Jefferies Group and EFG Hermes as advisers, sources familiar with the matter said.Asyad Group, EFG Hermes and Jefferies declined to comment when contacted by Reuters on Thursday about the IPO plans.