Hariga, Zueitina ports expected to open first Deal calls for more talks on larger terminals (Adds context, background, oil prices)Libya's Zueitina oil port prepared on Monday to load crude on tankers after the government reached…
The Coast Guard Authorization Act of 2010 removed the size limit on offshore supply vessels (OSVs). The Act also directed the Coast Guard to issue, as soon as is practicable, a regulation to implement section 617 of the Act and to ensure the safe carriage of oil…
The United States has extradited a former executive of an Italian marine hose manufacturer to face price-fixing charges in what the Justice Department said was its first extradition on antitrust charges.Romano Pisciotti, a former executive with Italy's Parker ITR SRL…
Russia's top natural gas producer, Gazprom, will eventually lose more than it gains from raising the gas price for Ukraine by 80 percent, analysts said on Friday, predicting Kiev would cut purchases and fail to pay in full.Gazprom on Thursday announced a price rise for Ukraine to $485 per 1…
Katharina Stanzel promotes industry awareness and vigilanceAt the Connecticut Maritime Association’s Shipping 2014 conference held March 17-19, WISTA USA President Alexandra Anagnostis, President/CEO of Total Marine Solutions, welcomed INTERTANKO’s Managing Director…
Overview of Hamburg Süd growthGrowth in the global economy and containerized transportation by sea in 2013 was slightly below the level of the previous year. Once again, available global slot capacity outpaced container transport volume as deliveries continue to exceed the level of scrappage…
According to a report by GAC, mariners are advised that the master of the motor tanker Album reported being approached and fired upon by a skiff in position: Lat 26-24.4N, Long 056-41.8E in the Strait of Hormuz between Iran and Oman, Sunday…
The ICC reported that shipowners are facing new dangers from criminal gangs making spurious oil fraud claims. The “victims”/fraudsters try to extort money from owners by bringing action against them for failing to deliver cargoes of oil they allegedly own…
The U.S. Shale Gas Revolution continues to drive orders for some of the world’s largest, most sophisticated tonnage.Mitsubishi Heavy Industries, Ltd. (MHI) received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier…
The LNG sector is for the first time offering inducements to experienced LNG seafaring officers to come ashore and manage their ships according to international recruitment agency Faststream. The move comes as the shipping industry seeks…
Every 18 months, Gastech is held for the stakeholders involved in the field of natural gas, providing an opportunity to meet energy professionals from all around the globe. For the seventh consecutive time, GTT will be present with a booth at the 2014 edition of Gastech in Seoul…
Transas Marine launched its new liquid cargo handling simulator LCHS 5000 TechSim LNG which reportedly is the first one in the market to boast ship-to-ship transfer functionality. The new Transas LCHS 5000 TechSim product line includes simulators for LNG tanker…
IACS member classification society the Korean Register (KR) informs of the release of SeaTrust-HullScan, its ground-breaking software solution to analyze and appraise a vessel’s hull structure in accordance with the new harmonized common structural rules (CSR-H)…
Heidmar announced that Olivier Faurisson will join the company as Managing Director of Chartering and Marketing in the product sector. Faurisson has experience in product chartering and pool building. He rose to the title of General Manager…
Energy. We start 2014 with great energy and optimism for a robust and prosperous year in this, the most international of all businesses. That enthusiasm, however, should be tempered with the knowledge of what is in store for maritime stakeholders in terms of regulatory…