By Jessica Resnick-Ault and Nichola Groom NEW YORK, Aug 20 (Reuters) – A major auction of oil and gas leases in the U.S. Gulf of Mexico on Wednesday received $159.4 million in high bids, government officials said.
Combined with a March auction that drew $244.3 million in high bids, the tota…
Indonesia has decided that vessels flying the Indonesian flag would comply with the IMO’s 2020 sulphur cap, after the country earlier informed that it needed more time to comply.
Namely, the country’s Ministry of Transportation confirmed that the rule would be applied to “all Indonesian-f…
Turkish port operator Yilport Holding has signed a 49-year concession agreement for the Port of Taranto in Italy.
The deal was signed on July 30 with Port Network Authority of the Ionian Sea (PNAIS), the managing institution of the port, and is related to its multipurpose terminal.
This is…
Indonesia would not switch to low-sulphur fuel from January 1, 2020, due to abundant supplies of 3.5% sulphur content fuel, Reuters said citing the country’s transport ministry.
Namely, the authorities plan to allow Indonesia-flagged ships to continue burning marine fuels with a maximum 3.5…
India’s oil imports from Venezuela surged to about 475,200 barrels per day (bpd) in June, more than double the previous month and highest in 21 months, data from shipping and industry sources showed.
Washington imposed sanctions on Venezuela’s state oil company PDVSA in January to put press…
The Panama Canal and UN Environment have signed a cooperation agreement to join efforts on sustainable development and combating climate change.
The deal includes the exchange of experiences and knowledge, the development of programs and research in areas of shared interest, and human resourc…
French oil and gas company Total, the Republic of Benin and the Société Béninoise d’Energie Electrique (SBEE) have signed a gas supply agreement and a host government agreement for the development of an LNG import floating terminal in Benin.
The deals also include the supply of up to 0,5…
Japanese shipowner NYK has formed a joint venture with Philippines-based Transnational Diversified Group (TDG) to launch the electronic money platform MarCoPay.
MarCoPay — derived from Maritime Community — is an electronic money platform designed mainly for seafarers hired outside Japan to ma…
Palmali Holding’s M/T BALTIC MARINER tanker under Maltese flag is ready for its journey. Tanker is 130 meters tall, 16 meters wide with capacity 6,623 DWT.
When it comes to shipping, the main objective of Palmali is to provide excellence in sea our sea transportation services. We maintain t…
Dubai-based port operator DP World and Indonesia’s conglomerate Maspion Group have signed two preliminary agreements with an aim to create a USD 1.2 billion container terminal and an industrial logistics park in the Indonesian province of East Java.
As explained, this is the first joint ven…
Swedish shipowner Stena Bulk has rejected claims of a collision involving Stena Impero, the UK-flagged tanker seized by Iran in the Strait of Hormuz on July 19.
“We can confirm that we are not aware of, and nor is there any evidence of a collision involving the Stena Impero,” the company …
A USD 320 million expansion project at the Virginia International Gateway (VIG) container terminal has been completed, Virginia Governor Ralph Northam announced.
As explained, the completion of this project represents a significant milestone as the Port of Virginia works to increase cargo and…
Portugal has revealed a major investment in the expansion of the country’s Port of Sines as part of the agreement to extend its concession for another 20 years.
Up to EUR 547 million (USD 613.5 million) would be injected in the port, located in the southwest of Portugal, during the extended…
Japan could lose its pole position as the world’s top LNG importer to China as early as 2022, a new report by Wood Mackenzie showed.
By then, LNG imports in Japan are expected to decline 12% to 72.8 million tonnes per annum (mmtpa) compared to 2018, while China’s import volume would rise 37…
Iranian authorities seized a British-flagged, Swedish-owned oil tanker while transiting the Strait of Hormuz on Friday.
The 46,575 cbm ship, Stena Impero, was captured for “breaching international maritime law”, Tehran-based Press TV reported, referring to a statement issued by the countr…
Ahead of the entry into force of the 2020 0.5% sulphur cap, classification society DNV GL has introduced a free web-based application of the Ship Implementation Plan (SIP).
As explained, the application enables ship owners and managers to prepare vessel-specific SIPs and maintain an overview …
The Council of the International Maritime Organization (IMO) has condemned recent attacks on commercial shipping in the Strait of Hormuz and Sea of Oman at its meeting in London held July 15-19.
After debate, the IMO Council decided to condemn the attacks and expressed its concern over the gr…
Latvian Port of Riga has begun servicing LNG-powered container vessels as it recently welcomed Containerships Polar, a newbuild delivered to Containerships earlier this year.
It is planned that the first two 100% LNG-fueled vessels, Containerships Polar and Containerships Nord, owned by the…
APM Terminals Callao has become the first Peruvian terminal to introduce a customer platform that logs, streamlines and coordinates general cargo operations in the Port of Callao.
During the pilot phase, MOST, which was developed together with maritime and customs agents, enabled users to com…
Dubai-owned port operator DP World Australia revealed plans to slash more than 10 per cent of its workforce, with 100 more jobs scheduled to be cut at both Melbourne and Sydney container terminals.
In addition, another 47 wharfies are due to finish up this week in Melbourne, according to the …
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