A cargo ship reported a suspected attack as it attempted to pass through the Strait of Hormuz close to the coast of Oman on Thursday, British navy agency UKMTO said.The UN's International Maritime Organization is currently assisting ships escape the Gulf, hundreds of which have been stranded there since the Iran war began at the end of February.
Since the start of the Iran war and Tehran's announcement that the Strait of Hormuz was "closed", the market has grappled to put a figure on lost crude supply and to predict the price of oil.Initial calculations were simple: add up all non-Iranian Gulf crude oil exports, some 12 million to 15 million barrels a day, and you easily have the biggest crisis in history.
NYK has conducted its first onboard measurement in a demonstration test of a methane oxidation catalyst system for marine engines fueled by liquefied natural gas (LNG).This demonstration test is being carried out in collaboration with Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. (MHI-MME), Mitsubishi Shipbuilding Co., Ltd. (MHIMSB), and DAIHATSU INFINEARTH MFG.CO.,LTD. (IE).
A Thai oil tanker has safely passed through the Strait of Hormuz following diplomatic coordination between Thailand and Iran, and was not required to pay to escape the blockade, a Thai official and the oil major that owns the vessel said on Wednesday.The Bangchak Corporation BCP.BK-owned tanker crossed the strategic waterway on Monday after successful talks between Thai foreign minister Sihasak
The ESCABVENTS project, developed by the company IQUA Robotics in collaboration with the Zamakona Yards shipyard, has successfully concluded its proof of concept tests, demonstrating the viability of using Autonomous Underwater Vehicles (AUVs) for naval inspection tasks. This initiative, integrated into the Sail2future project
Oil prices rose about 2% on Thursday after two days of declines as investors assessed developments in Venezuela and on worries about supplies from Russia, Iraq and Iran.Brent futures rose $1.21, or 2%, to $61.17 per barrel at 11:17 a.m. EST (1617 GMT), while U.S. West Texas Intermediate crude gained $1.02, or 1.8%, to $57.01.The U.S.
A new study published in Marine Pollution Bulletin shows that oil is still seeping from the wreck of the USS Arizona, more than 80 years after its sinking at Pearl Harbor. The study focuses on samples collected by the National Park Service in 2016 and 2018.Researchers, led by the University of Houston and Woods Hole Oceanographic Institution (WHOI)
IntroductionThe increase in geopolitical tensions in the Middle East recently resulted in Iran threatening to close the strategically vital Strait of Hormuz (the “Strait”) to international shipping. Inevitably, this led to considerable concern over the impact that the closure of the Strait (or attacks on vessels passing through the Strait) would have on the flow of goods and energy products
Four migrants have been rescued from the Mediterranean more than five days after the boat supposed to carry them to Europe capsized off Libya, three Libyan sources and the International Organization for Migration (IOM) said on Monday.However, 10 migrants were confirmed to have died in the disaster off Tobruk in eastern Libya, and 31 were still missing.
The UK Marine Accident Investigation Branch (MAIB) has released its report into the girting and capsize of tug Biter with the loss of two lives while assisting passenger vessel Hebridean Princess off Greenock, Scotland.At about 1527 on 24 February 2023, the twin screw conventional tug Biter girted and capsized off Greenock
As we enter October, global markets are ready registering spooks across the board, marking a drastic debut into Week 41, reports cash buyer GMS.Inflation climbed in both Turkey and Pakistan through September, likely laying out the groundwork for a spooky October at both locations. Currencies too are back on the “scary charts.
An advanced design of an ammonia vent treatment system from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) received approval in principle (AIP) from ABS and the Liberian International Ship and Corporate Registry (LISCR).The ammonia vent treatment system integrates compact scrubbers to treat ammonia fuel, which can escape during the purging process