Traders have rebranded more than $1 billion of Venezuelan oil shipments to China as Brazilian crude over the past year, according to two tanker tracking firms, company documents and four traders, helping buyers to cut logistics costs and circumvent U.S. sanctions.Independent refiners in China are the main buyers of seaborne oil shipments from countries sanctioned by the United States
The domestic passenger vessel answers the call for cleaner and more efficient platforms. It is truly an electric time to be a part of this niche industry.In the shadow of a rapidly changing political landscape, the domestic passenger ferry sector is nevertheless seeing an increasing number of newbuild vessel orders.
Jim Towers is Principal in Charge as well as a Senior Naval Architect and Marine Engineer at Elliott Bay Design Group. He has 45 years of marine experience in vessel design and construction with a specific emphasis on structure. A recognized industry expert in vessel design and a part of numerous vessel construction and refurbishment projects
On the second full day of this year’s Passenger Vessel Association’s 2025 Maritrends conference, the weather probably couldn’t have been much nicer; especially when it involved a tour and test ride on the new Artemis Technologies EF-12 Escape.The high-end water taxi, in the process of being introduced to US markets, was everything its creators promised, and perhaps just a little more.
Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said.Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers designed to curb the world No.
Timo Vesala, Account Manager, Americas, at ABB Marine & Ports, is responsible for newbuild sales in the Americas market. Since joining ABB in 2018, he has gathered extensive experience in the marine industry with a focus on electrification and propulsion systems. He holds a Master’s Degree in Mechanical Engineering from Aalto University, Finland
French maritime data analytics platform Kpler wants to buy ship tracking company Spire Maritime, whose satellite data is a vital resource for oil traders and shipping companies, but some Spire customers fear Kpler will cut them off and have raised antitrust concerns to U.S. authorities, sources familiar with the matter say.The $241 million deal announced on Nov.
Hurricane Milton closed in on Florida's Gulf Coast on Wednesday, spawning tornados and lashing the region with rain and wind hours ahead of its expected landfall near Tampa Bay, where it could deliver a life-threatening surge of seawater to communities along the waterfront.Millions of people along a stretch of more than 300 miles (483 km) of coastline were under evacuation orders
Dutch and German oil refineries have snapped up all four cargoes of Chadian Doba crude in April to profit from soaring demand for cleaner marine fuel in Europe from shipping companies including Maersk, according to shipping data and trade sources.Asia was the main destination of Doba cargoes prior to April, as China and Malaysia received several cargoes, according to Kpler.
Tanco Terminals is constructing a $8.2 million expansion of its liquid tank farm at Ports of Indiana-Burns Harbor to support growth in Lake Michigan shipments. Tanco is a third-generation, family-owned business operated at the port since 1977.The company stores and performs value-added services for liquid cargoes, from petroleum to food-grade oils.
Ports of Indiana has introduced a new venture called Indiana River & Rail Terminals, creating the largest general cargo operation along the Ohio River. This initiative will oversee all general cargo facilities at the Jeffersonville and Mount Vernon ports, encompassing six docks, six warehouses, and several rail transload facilities.