Three die while decommissioning aging FSO off Libya
Three workers were last week killed during the decommissioning of an aging FSO off the coast of Libya, according to operator Mellitah Oil & Gas. Mellitah put the Sloug up…
Banks’ lending to shipping hits 14-year low
Despite the departure of two leading European lenders to shipping, European banks' portfolios account for near a 60per cent share of global ship finance last year, reports Petrofin Research’s latest…
Trucker shortage hits Biden’s 24/7 port operations plan
US President, Joe Biden To solve the infamous congestion at Western Ports of US, last month President Joe Biden ordered the California Ports to run operations 24/7 but the truckers…
France may ban UK fishing vessels over license dispute
France and the UK are headed into a deepening trade dispute over fishing rights in the English Channel, with French officials threatening to ban UK fishing vessels and their catch…
How can Africa get ready for latest generation of container ships?
Durban Container Port, South Africa Over the past few years, a new generation of ultra-large container vessels has begun to sail the oceans. Container ships like the Madrid Maersk, COSCO…
Biden hopes fines on lingering cargo containers ease congestion at major U.S. ports
The Biden administration is hopeful new fines imposed on carriers at the nation’s busiest port complex will abate the intensifying logjam of cargo ships. The twin ports of Los Angeles…
Piracy, robbery at 30 –year low, says IMB…Warns against complacency
The latest update from the International Chamber of Commerce ICC, International Maritime Bureau IMB states that during the first nine months of 2021 piracy and armed robberies of ships are…
IMO considers Midterm-measures for GHC from ships
Various proposals for mid-term measures to reduce GHG emissions, including a number of submissions related to potential market-based measures, have been submitted and considered by an International Maritime Organisation IMO…
Tragedy: Third Officer murders Captain, First Officer aboard tanker vessel
Argentine authorities are holding a third officer who had been working on a tanker on charges of murdering the captain and first officer while the vessel was at anchor on…
Oil prices climb as COVID recovery, power generators stoke demand
Crude oil prices hit multi-year highs on Monday buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power…
