Ship total losses fell in 2018
Large shipping losses are now at their lowest level this century, declining by over 50% year-on-year, according to insurer Allianz Global Corporate & Specialty SE. Its latest annual Safety & Shipping Review,
Search Results for: sanctions
Tech can track ships that turn off AIS transponders
Ship operators switching off their AIS transponders to indulge in activities such as sanctions busting may soon find that maritime domain awareness technology has caught up with them. Two tech companies are
Helsinki Shipyard: New name, different Russian ownership
Finland’s Archtech Helsinki Shipyard is to get a new ownership and a new name. The yard’s efforts to win new orders have been severely hampered by the fact that it is currently
Explosion at Iranian submarine yard kills three
Citing Iranian broadcaster IRIB, media are reporting that an explosion at an Iran’s Shahid Darvish shipyard killed at least three people April 6. Radio Farda, an offshoot of Radio Free Europe that
VIDEO: 14 die in two ship fire as fuel transfer turns deadly
JANUARY 22, 2019 — A ship to ship fuel transfer that likely was in breach of international sanctions appears to have gone disastrously wrong. Fourteen people have died after two ships caught
Why Euronav is skeptical on scrubbers
OCTOBER 30, 2018 – “The direction of travel for the large tanker market has changed from going sideways to up,” said Euronav CEO Paddy Rodgers, as the Antwerp, Belgium, headquartered tanker giant
McQuilling releases 2018 mid-year tanker outlook update
AUGUST 8, 2018 – McQuilling Services has released its 2018 Mid-Year Tanker Market Outlook Update. McQuilling says that global oil demand is expected to grow 1.5% in 2018 to over 99 million
Container shipping giant stops taking bookings for Iran
MAY 16, 2018 — President Donald Trump’s decision to pull the U.S. from the Iran nuclear deal is already having an impact on shipping services. Today, container shipping giant MSC issued the
Yamal LNG awards Sabetta Port contract to GAC Russia
FEBRUARY 9, 2017 — Dubai headquartered GAC reports that Yamal LNG, one of the world’s largest and most complex LNG projects, has appointed GAC Russia to manage its fleet of ice breaking
Wilbur Ross under fire in Paradise Papers “revelations”
NOVEMBER 6, 2017 — Commerce Secretary Wilbur Ross is finding himself at the center of a row that involves “revelations” that will hardly prove startling to those familiar with how international shipping