U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil.Ukraine this month received its first ever barrels from the United States, according to Refinitiv Eikon flows data
The IMO January 2021 deadline for shipping interests to incorporate cyber risk management into their existing Safety Management Systems is fast approaching. It is critical that stakeholders understand their vulnerabilities. The IMO has issued MSC-FAL.1/Circ.3 guidelines on maritime cyber risk management that does a good job of outlining the many vulnerable systems within marine operations
As Oceanology International celebrates its 50th Anniversary, Marine Technology Reporter explores half a century of subsea technology development and discovery. Oceanology International Americas runs February 25-27, 2019 in San Diego.When Oceanology launched in 1969 in the seaside resort of Brighton the world was a very different place.
Russian Prime Minister Dmitry Medvedev said on Monday that the Nord Stream 2 gas pipeline would be completed in a matter of months and U.S. sanctions imposed on the project last week would not be "catastrophic".Russia's new gas transit deal with Ukraine would also mollify the impact on Russian gas supplies of U.S. sanctions introduced on the pipeline project, he said.
Island Tug and Barge, a subsidiary of Tidewater Canada, said that its second new articulated tug barge (ATB) push tug Island Regent entered service at the end of June pushing the double hulled refined petroleum products barge, ITB Reliant.The West Coast's largest bulk transporter of refined petroleum products said that the vessel was christened June 20th at Island Tug’s facility in Burrard
Canada's Island Tug and Barge (ITB) christened the second of two new ATB tugs, the Island Regent, at its headquarters in Burnaby.The Island Regent was designed by acclaimed Robert Allan Ltd. naval architects and marine engineers of Vancouver, B.C. to be paired with ITB’s double-hulled oil tank barge, the ITB Reliant, as an articulated tug and barge (ATB)
Canada's Seaspan Ferries will add two new Liquid Natural Gas (LNG) - battery hybrid ferries to its fleet in 2021.The vessels will be constructed by Damen Shipyards Gorinchem B.V. at their Mangalia Shipyard in Romania, said a press release from the marine transportation services provider.With construction scheduled to begin in 2019, the vessels are expected to go into operation in 2021.
Navies operate on a spectrum between deterrence and defense, to include offensive operation, support of foreign policy, and power projection to civil affair and humanitarian assistance and disaster response. Many have constabulary responsibilities, and it could be argued that, with the exception of the largest navies
Shipping major AP Moller-Maersk Group's export-import (exim)-focused trade finance arm Maersk Trade Finance is targeting a 33 percent loan disbursal growth at $200 million in 2019 in India.The trade financing solution arm of Danish business conglomerate said that it disbursed a total of USD 0.
While conservatism is a hallmark of maritime, research from Inmarsat finds that IoT may be helping turn the tech tide by delivering new solutions that ease rather than complicate compliance.With environmental imperatives mounting, shipping’s hesitation concerning new technology has been laid bare in an Inmarsat Research Program report that includes data on how far the industry sees IoT-based
SCHOTTEL has been chosen as propulsion supplier for two new build Ro-Ro ferries under construction at Damen Shipyards Mangalia, Romania. Each of the vessels ordered by Canadian Seaspan Ferries Corporation will be propelled by two SCHOTTEL Combi Drives and two SCHOTTEL Transverse Thrusters.
Today’s container market is confronting more than its fair share of headwinds.The recently published Container Forecaster from global shipping consultancy, Drewry, highlights concerns of a slowing global economy stoked by the ongoing US-China trade war (albeit paused for the moment)