More oil moves into storage
The U.S. Department of Energy (DOE) is to fill the Strategic Petroleum Reserve (SPR) to its maximum capacity by purchasing 77 million barrels of American-produced crude oil. Last week, DOE announced a
The U.S. Department of Energy (DOE) is to fill the Strategic Petroleum Reserve (SPR) to its maximum capacity by purchasing 77 million barrels of American-produced crude oil. Last week, DOE announced a
Piraeus, Greece, based gas carrier operator Gaslog Ltd has opted to apply Nippon Paint Marine’s A-LF Sea hull coating as part of its current drydocking program. An advanced ultra-low friction coating system,
Oslo, Norway, headquartered RO/RO specialist Wallenius Wilhelmsen says that, with the coronavirus situation evolving rapidly across the globe, it is taking precautionary steps to adjust its operations and safeguard its liquidity going
Singapore-based Unix Line Pte Ltd., the primary ship management arm of MOL Chemical Tankers, is to pay a fine of $1.65 million in the case in which crew members onboard the Zao
As coronavirus-related travel and other restrictions increase, the International Chamber of Shipping and the International Transport Workers’ Federation have written a joint open letter to the heads of four United Nations agencies
Kitack Lim, Secretary General of the International Maritime Organization (IMO) is urging “a practical and pragmatic approach, in these unusual times, to issues like crew changeovers, resupply, repairs, survey and certification and
The Northern Sea Route allows cargo to be transferred from northern Europe to northeast Asia, via the Bering Strait. It offers a 30 percent faster passage than the southern Europe-Asia alternative via
In a statement on the impact of the coronavirus on the maritime industry, Federal Maritime Commissioner Carl Bentzel notes that, in response to its effects on Chinese manufacturing and logistics services, ocean
Overseas Shipholding Group, Inc. (NYSE: OSG) reports that its subsidiaries have completed the purchase of three U.S.-flagged crude oil carrier vessels, the Alaskan Explorer, Alaskan Legend, and Alaskan Navigator from BP Oil
Corvus Energy has been selected by electrical system integrator Westcon Power & Automation (WPA) to supply the lithium-ion battery-based energy storage system (ESS) for a new 8,500 dwt hybrid coastal cargo vessel