A Greek court on Wednesday overturned an earlier court ruling that allowed the confiscation by the United States of part of a cargo of Iranian oil on an Iranian-flagged tanker off the Greek coast, three sources familiar with the matter said.The incident had led to an angry response by Iran
Shipowners are struggling to know what trades are still legal as a raft of sanctions against Russia and tough measures on other countries including Iran remain confusing, leading Greek shipowner George Procopiou said on Monday.Sanctions imposed on Moscow after it invaded Ukraine in February, including a U.S.
Oil and gas company VAALCO Energy has hired DOF Subsea to perform subsea construction and installation services offshore Gabon, where the company operates the Etame field.The contract is for the support of the subsea reconfiguration associated with the replacement of the existing Floating Production
An out-of-service Staten Island Ferry vessel has reportedly been purchased by Saturday Night Live stars Pete Davidson and Colin Jost.The Staten Island natives bought the decommissioned 277-foot ferry John F. Kennedy at auction in partnership with Manhattan real estate broker and comedy club owner Paul Italia, the New York Post reported.
A federal appeals court on Wednesday revived a fight between BP, two contractors, and an insurance company over who should pay for thousands of personal injury claims brought by cleanup workers after the Deepwater Horizon explosion and fire in 2010.The 5th U.S. Circuit Court of Appeals reversed most of a lower court’s rulings for contractors National Response Corp and O’Brien’s Resource
Shipowner Costamare Inc. announced it has ordered eight newbuild containerships and acquired seven secondhand bulk carriers.The Monaco-headquartered company said Thursday it signed contracts with an unspecified Asian shipyard for two 13,000 TEU capacity newbuilds and exercised options under a previous agreement for two more of the same capacity plus four additional 15,000 TEU capacity vessels.
A Danish frigate has killed four pirates in waters south of Nigeria in an operation to protect shipping in the Gulf of Guinea, the Danish military said on Thursday.The Esbern Snare, deployed last month to the Gulf of Guinea amid heightened security risks from pirates, on Wednesday spotted a fast-moving vessel carrying eight suspected pirates near a number of commercial ships
A court in Lagos sentenced 10 men to 12 years in prison on Friday for kidnapping the crew of a Chinese-flagged merchant vessel last year, the navy said, a verdict that officials hope will help tackle piracy in the waters off Nigeria's coast.Federal high court Justice Ayokunle Faji, who also fined each man 250,000 naira ($608) for each of the three counts for which they were charged
Egypt's Suez Canal revenues hit an all-time high in 2021 of $6.3 billion, versus $5.6 billion in 2020, canal spokesperson George Safwat said on Sunday.Some 20,694 ships transited the canal in 2021, against 18,830 in 2020, a 10% increase, he added.(Reporting by Yosri Mohamed; Writing by Moaz Abd-Alaziz; Editing by Mark
As the maritime world laments the treatment of seafarers during the COVID pandemic, and the general public generally ignores the call to designate seafarers as "key workers" to help facilitate efficient crew changes globally, one British seafarer recently trained onboard his ship for months to prepare for the London Marathon, a race he recently completed to aid maritime welfare charity
Greece's privatizations agency transferred shares corresponding to a 16% stake in Piraeus Port Authority to Chinese port operator COSCO Shipping after an amendment to a previous concession agreement, it said on Thursday.Last month Greek lawmakers amended a deal with COSCO allowing it to raise its stake in Greece's biggest port of Piraeus, paving the way for Greece to secure a major investment.
Skagit County Public Works and Seattle-based vessel designer Glosten are seeking proposals from electrical integrators to provide the vessel and shore electrical systems and the automated charging plug for the all-electric ferry design to replace the M/V Guemes.The Washington State Legislature recently passed SHB1502