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Articles : "Global News"

EU Funds Autonomous Shipping Initiative for European Waters

The European Commission revealed a new funding for an autonomous shipping initiative for the European waters.

Under the project titled Autoship, two remote and autonomous (R&A) vessels would be built and operated, along with their needed shore control and operation infrastructure, reaching an…

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IMO to Take Different Approach on STCW White List Process

The International Maritime Organization has agreed to re-approach its listing process for the STCW Convention’s White List.

According to the South African Maritime Safety Authority (SAMSA), the IMO agreed to re-approach the process following discussions between SAMSA, other Member States of…

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Japan’s peak refinery turnarounds slow exports

The arrival of the peak refinery turnaround season in Japan is prompting a slowdown in exports of gasoil and gasoline from the country, and could potentially create opportunities for oil products to flow into the Asian consumer as the arbitrage window widens.

Japan’s refinery outages have inc…

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China’s crude oil imports from Saudi Arabia up 43%

China’s crude oil imports from Saudi Arabia rose 43 percent in April, making the Middle Eastern OPEC kingpin once again the top supplier to the world’s second-biggest economy, boosted by demand from new private refiners.

Saudi imports grew to 6.30 million tons, or 1.53 million barrels per…

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Latest China Tariffs Negatively Impact LNG Sectors

China’s hike in tariffs on US imports and the continued trade tensions between the two countries will negatively affect liquefied natural gas (LNG) and port sectors, according to rating agency Moody’s.

On May 13, China announced an increase in retaliatory tariffs on USD 60 billion of impo…

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Panama Canal Step Closer to Carbon Neutral Future

The Panama Canal Authority (ACP) has announced improvements to its Green Connection Environmental Recognition Program which recognizes vessels that comply with the highest environmental performance standards.

The announcement was made on the heels of the International Maritime Organization’s …

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Shipowners from Around the World Can Now Join UK Flag

The UK Ship Register (UKSR) has decided to expand its ownership eligibility, allowing more shipping companies from around the world to flag to the UK.

As informed, the criteria has been widened beyond the current areas of the UK and Europe to include Commonwealth countries and bring the UK in…

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European Ports Support Call for Harmonized Action

European Sea Ports Organisation (ESPO) has voiced its support for EU proposal to discuss a harmonized approach on scrubbers at the International Maritime Organization (IMO) level.

IMO Marine Environment Protection Committee (MEPC 74), which is commencing next week in London, will discuss an E…

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Cautious Progress of Dutch Maritime Technology Sector

The Dutch maritime technology sector, which consists of over 100 yards and 800 maritime suppliers, saw its activity rise slightly in 2018.

Total turnover increased to EUR 7.3 billion (USD 8.1 million), some EUR 400 million more than in 2017, according to data provided by the Netherlands Marit…

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Gibraltar LNG Terminal Officially Opens

A new liquefied natural gas (LNG) regasification terminal that was recently completed by Shell and Gasnor was officially opened in Gibraltar on May 6.

The terminal, which will be operated by Shell’s Gasnor subsidiary under an agreement with Gibraltar’s government from 2016, will allow the Bri…

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Rotterdam, Guangzhou Become Sister Ports

On May 7, 2019, representatives of the Port of Rotterdam Authority and Guangzhou Port Authority signed a partnership agreement in the Chinese port. 

The agreement was inked within the International Association of Ports and Harbors (IAPH) Guangzhou 2019 World Ports Conference.

As informed,…

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Shell Plans More VLSF Trials with Shipowners

Oil major Shell has undertaken 19 trials of its 0.5% sulphur fuel with shipowners at key ports globally ahead of the IMO 2020 sulphur cap implementation date.

The company said that all trials have shown that, with the correct preparation, “the fuels performed well in the engine, crews were co…

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Malta Becomes Newest Hong Kong Convention Member

The International Maritime Organization’s treaty for safe and environmentally-sound ship recycling welcomed its twelfth member as Malta acceded to the Hong Kong Convention.

Victor Camilleri, Permanent Representative of Malta to IMO, met IMO Secretary-General Kitack Lim at IMO Headquarters, …

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Britain Is Brimming With Natural Gas

Britain’s appetite for natural gas usually declines in the summer, but this season is different with a record number of LNG tankers due to land this month.

The incoming cargoes show no sign of slowing, and will keep the pressure on benchmark prices already trading below their five-year seas…

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Container volumes up 25 percent at Ports of Stockholm

Container traffic at Ports of Stockholm is rising and soon the new freight port, the Stockholm Norvik Port, will be ready to welcome more and larger container vessels to the growing Stockholm region.

During the first quarter of 2019 container volumes at Ports of Stockholm increased substantia…

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Europe to continue to absorb excess LNG volumes

Europe will continue to absorb surplus LNG on the global market through 2019 as the market remains oversupplied, BP CFO Brian Gilvary said Tuesday.

Speaking to analysts after BP released its first-quarter earnings, Gilvary also said that the current volatility in LNG pricing was creating oppo…

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