Monthly Archives: February 2017

Traders prep rare East Coast gasoline exports; cargoes already sailing with exported distillates. Traders are preparing to export cargoes of coveted gasoline from the U.S. East Coast after months of heavy importing and local production swamped the region.

A meeting of the Arctic Economic Council (AEC) was held in Saint Petersburg on the premises of SCF Arctic, a subsidiary of Sovcomflot Group (PAO Sovcomflot), on 7-8 February 2017. The meeting was attended by business community representatives from Russia…

The Arctic has a serious litter problem: in just ten years, the concentration of marine litter at a deep-sea station in the Arctic Ocean has risen 20-fold. This was recently reported in a study by researchers at the Alfred Wegener Institute, Helmholtz ...

With contraction in vessel supply and healthy demand growth, the dry bulk shipping market is expected to recover from 2017 onwards, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.

DNV GL presented its new standard for assessing the station keeping capability of DP (dynamic positioning) vessels at the European Dynamic Positioning Conference in London. The ability to assess and compare the position-keeping capability of…

The Virginia-class  nuclear-powered attack submarine USS New Hampshire has arrived at the Portsmouth Naval Shipyard (PNSY) for maintenance work, AP reported. It is the fifth Virginia-class submarine and the third U.S. Navy ship to be named in honor of the state of New Hampshire.

Sea ice extent in both the northern and southern hemisphere was at record low levels for the month of January 2017. Last month set a record for the lowest sea-ice extent for the month, falling below the record set last year, according to the National Snow and Ice Data Center (NSIDC)…

The "Bronze Anchor Award" recognizes an individual, company or organization that has demonstrated a steadfast commitment to promoting the HISC mission and vision, and served as a leader and advocate for the welfare of seafarers. Guenther will…

MOL Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL acquired 6 new licences in the 4th bid round in Hungary, doubling its exploration acreage in the country. MOL Norge participated in the latest…