Oil prices may hit $100 per barrel next year, says Bank of America
Bank of America’s analysts wrote Thursday that collapsing oil production in Venezuela and potential export disruptions in Iran could push the price of Brent crude as high as $100 per…
U.S Coast Guard seizes 1,080 pounds of Cocaine, rescues 4 smugglers off Eastern Pacific
Crews from the United States Coast Guard, Customs and Border Protection and Navy intercepted more than 1,080 pounds of cocaine from a high-speed drug trafficking boat in the Eastern Pacific…
US – China tit for tat tariffs stoke trade war fears for shipping
Tariffs, or rather the prospect of trade disruptions because of them, are ‘rocking the boat’ in a big way. Equity markets, which rose steadily during the first year of the…
SEA\LNG Backs IMO’s Carriage Ban of Non-Compliant Fuels
SEA\LNG, a multi-sector industry coalition aiming at accelerating the adoption of LNG as a marine fuel, has voiced its support for the carriage ban on non-compliant fuels proposed by the…
Hyundai Samho Builds World’s 1st Super Tanker Fitted with Scrubber
Hyundai Samho Heavy Industries, part of South Korean Hyundai Heavy Industries Group, revealed that it has completed the world’s first very large crude carrier fitted with an exhaust gas cleaning…
EU Member States Push to End Reporting Burdens for Ships
Thirteen EU Member States, led by Denmark, have called on the European Commission to present an ambitious proposal on revising the Reporting Formalities Directive. The current directive introduced the National…
Four missing in ‘serious fire’ on ultra-large Maersk containership
A serious fire onboard the ultra-large containership Maersk Honam in the Arabian Sea has left four seafarers missing. Maersk Line said the 2017-built, 15,262 teu Maersk Honam headed from Singapore…
Nigeria, other African Countries’ huge debt profile worries United States
Secretary of State, Rex Tillerson By FRANCIS EZEM The United States of America has expressed deep worries over the increasing debt burden by Nigeria and many other African countries, especially…
Scotland funds study on wind-to-hydrogen ferry service
Scottish Government has granted funding for a feasibility study into developing a hydrogen-powered ferry service to some of the country’s remotest island communities. The feasibility project will look at the…
European Commission imposes $486m fine on four car carriers
Gothenburg RORO Terminal The European Commission has fined four maritime car carriers EUR 395 million (USD million) for taking part in cartels. The European Commission said today that it had…
