Seawork News

 

UN Seeks Traders' Help Enforcing North Korea Sanctions

May 22, 2018

A U.N. monitoring group wants to enlist the help of the world's biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said.The U.N. Security Council ramped up sanctions last year after North Korea said it had conducted missile tests that put the U.S. mainland in range of its nuclear weapons.Under the restrictions…

S.Korea LNG Imports Set to Ease from Record

Jul 20, 2018

South Korean imports of liquefied natural gas are set to ease from record levels racked up in the first-half of the year, with appetite for the fuel from utilities seen fading as a raft of nuclear power stations come back online.The country's…

S.Korea Fuel Oil Imports Soar

Mar 14, 2018

South Korea's move to shut coal-fired generators to control air pollution at the same time as nuclear reactors are going into scheduled maintenance is resulting in surging fuel oil imports, as utilities burn the dirty feedstock to meet power demand…

Logistics News

U.S. Containerized Imports from China Rose 7.2% in July

U.S. Containerized Imports from China Rose 7.2% in July

Trump’s Revised Jones Act Waiver Gets Mixed Reception

Trump’s Revised Jones Act Waiver Gets Mixed Reception

Jeong-Sook Kim Appointed as UK P&I Club Senior Underwriting Director

Jeong-Sook Kim Appointed as UK P&I Club Senior Underwriting Director

Maersk Training Sold to OpenGate Capital

Maersk Training Sold to OpenGate Capital

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Sources say that Safe Harbor, owned by Blackstone, is close to a $1.5 billion deal with MarineMax.
Drone attack in Voronezh, Russia kills a man and sets warehouses on fire
Two oil tanks seized by the US after Venezuelan raid are sold for scrap.