Contaminated marine fuels from several suppliers led to fouled engines on about a dozen vessels operating from the U.S. Gulf Coast this spring, according to Lloyd's Register and marine fuel testing service VPS.The tainted fuel was the first major occurrence along the U.S. Gulf Coast since 2018, when about 200 ships had engines fouled by fuel containing an epoxy, said Steve Bee
Germany found traces of subsea explosives in samples taken from a yacht that it suspects "may have been used to transport the explosives" to blow up the Nord Stream gas pipelines, it told the U.N. Security Council in a letter with Sweden and Denmark.A series of unexplained explosions hit the Nord Stream 1 and 2 pipelines connecting Russia and Germany under the Baltic Sea last September in the
Global freight volumes show signs of having bottomed out in the first quarter, signalling the industrial cycle may be near its trough, which could provide some support to oil prices later in 2023.Global freight volumes fell 1.1% during the first three months of 2023 compared with a year earlier, according to the Netherlands Bureau of Economic Policy Analysis (“World trade monitor”, CPB, May 25).
A Danish-owned vessel that was boarded by pirates in the Gulf of Guinea on Saturday was spotted about 540 miles further off shore on Tuesday, according to a maritime cooperation centre monitoring security in the area.The Liberian-flagged oil and chemical tanker Monjasa Reformer was boarded by five armed people some 140 miles west of the Republic of Congo's Port Pointe-Noire.
Maersk and Shanghai International Port Group have signed a memorandum of understanding for a green methanol marine fuel project in the Shanghai port, the shipping group said on Friday.Maersk plans to put 19 vessels capable of running on e-methanol between 2023 and 2025 as part of its net-zero emissions target by 2040.
New intelligence reviewed by U.S. officials suggests that a pro-Ukraine group - likely comprised of Ukrainians or Russians - attacked the Nord Stream gas pipelines in September, but there are no firm conclusions, the New York Times reported on Tuesday.There was no evidence that Ukrainian President Volodymyr Zelenskiy or other Ukrainian government officials were behind the attacks which spewed
Global merchandise trade growth slowed at the end of 2022 and was likely to remain weak in the first quarter of this year, the World Trade Organization said on Wednesday.However, the WTO said any slowdown may be short-lived given that container throughput at Chinese ports and new export orders have already started to pick up, the former following a sharp easing of COVID-19 restrictions in China.
The Baltic Exchange's main sea freight index extended losses to a sixth straight session on Tuesday to touch a fresh 2-1/2-year low, dragged down by a dip in capesize and panamax rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 19 points, or about 2.6%, to 721, its lowest since early-June 2020.The capesize index lost 50 points, or 6.
The Baltic Exchange's dry bulk sea freight index on Tuesday posted its worst decline on record, pressured by waning rates across vessel segments due to weak demand from China amid surging COVID-19 cases.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels carrying dry bulk commodities, lost 265 points, or 17.
Five people were injured and hundreds more evacuated after a fire broke out aboard a ferry traveling from Manhattan to Staten Island on Thursday evening, officials said.The Sandy Ground, one of the Staten Island Ferry's newly commissioned Ollis-class vessels, was carrying 868 passengers and 16 crew members when the engine room fire started shortly after 5 p.m.
Japan's Marubeni Corporation announced it has conducted a trial voyage onboard one of its chartered ethylene carriers using a marine biofuel blend, from Vlissingen, the Netherlands to Morgan's Point, Texas, as the maritime industry continues to explore ways to decarbonize its operations.
An ancient shipwreck found off the shore of Israel and loaded with cargo from all over the Mediterranean shows that traders from the West still came to port even after the Islamic conquest of the Holy Land, researchers say.A surprise storm? An inexperienced captain? Whatever the reason