A panel of experts advising Japan's government on a disposal method for radioactive water from the destroyed Fukushima nuclear plant on Friday recommended releasing it into the ocean, a move likely to alarm neighboring countries.The panel under…
Read more
US Lifts Sanctions on COSCO’s Dalian Unit
The United States on Friday lifted sanctions on one of two units of the Chinese tanker company COSCO, the U.S. Treasury said, partially reversing its punishment on the company for transporting Iranian oil after China complained about the measure…
Read more
U.S. Lifts Sanctions on a Dalian Unit of COSCO
The United States on Friday will lift sanctions on at least one Dalian unit of Chinese tanker company COSCO that Washington accused of transporting Iranian oil, a U.S. official with knowledge of the matter said.The administration of U.S. President…
Read more
IMO2020: Low Sulfur Fuel Potential Pitfalls
(This is excerpted from Maritime Reporter & Engineering News' January 2020 "The Path to Zero" column.)Are the world’s ships’ engines ready for IMO compliant very low sulfur fuel? That’s a wide open question as ship owners step to the end of the prepara...
Read more
Baltic Index Down for 8th Straight Week
The Baltic Exchange's main sea freight index fell on Friday, with rates for the capesize segment slipping into the negative for the first time ever on lower demand and as the coronavirus outbreak muted activity.The Baltic index, which tracks rates for ...
Read more
China Virus May Delay Scrubber Retrofits
Shipping companies may face delivery delays of vessels fitted with exhaust gas filtering equipment that complies with anti-pollution rules that kicked in this year due to the impact from the virus outbreak in China, shipping sources said on…
Read more
Partners to Expand Pakistan LNG Inport Terminal
Excelerate Energy announced it has agreed with partner Engro Elengy Terminal Ltd. (EETL) to expand the EETL liquefied natural gas (LNG) import terminal in Port Qasim, Pakistan.Under the heads of agreement (HOA), Excelerate will exchange its…
Read more
Bionic jellyfish? Yes, and they are here to help
It may sound more like science fiction than science fact, but researchers have created bionic jellyfish by embedding microelectronics into these ubiquitous marine invertebrates with hopes to deploy them to monitor and explore the world's oceans.
Read more
Norwegian Police Raid Teekay Office Over Waste Export
Norway's national economic crime unit raided the local office of international shipping company Teekay Offshore this week on suspicion of illegally exporting waste, the agency, known as Okokrim, said on Thursday.In recent years, courts in Europe…
Read more
JFLCO Acquires Global Marine Group
British-headquartered specialist provider of submarine cables Global Marine Group (GMG) has been acquired by an investment affiliate of private equity firm J.F. Lehman & Company (JFLCO) for around $250m.With a legacy dating to 1850, GMG owns…
Read more