The Baltic Exchange's main sea freight index touched its lowest level in eight months on Friday, weighed down by weak demand across all vessel segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bul...
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Venezuela Alters Oil Royalty Formulas, Driven by IMO 2020
Venezuela has changed the formulas for calculating royalties energy companies pay the government to remove references to fuel oil and some crude grades, driven by stricter rules governing marine fuel emissions, according to a document seen by Reuters.A...
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Search for Missing Bulgarian Sailors Ends
The Norwegian authorities on Thursday suspended wider search and rescue operations for two Bulgarian sailors who officials say fell overboard from a cargo ship in the Norwegian Sea, the Bulgarian foreign ministry said.The two-helicopter rescue operatio...
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Indonesia Boosts Patrols After Chinese ‘Trespass’
Indonesia has increased patrols around islands near the disputed South China Sea after a Chinese coast guard vessel "trespassed" into Indonesia's exclusive economic zone, authorities said on Friday.The Chinese vessel entered waters off the coast of the...
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APSEZ to Buy 75% Stake in Krishnapatnam Port
Adani Ports and Special Economic Zone (APSEZ) said on Friday it would buy a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of 135.72 billion rupees ($1.89 billion).The deal will take its domestic market share to 27% from 22% on a...
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Two Rescued from Disabled Sailboat
The U.S. Coast Guard rescued two mariners from their disabled sailing vessel, Rhapsody, approximately 288 miles east southeast of Corpus Christi, Texas, Thursday afternoon.Watchstanders at the Eighth Coast Guard District command center received…
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ENA Shogun Signed On One-year Deal
Anchor-handling tug supply (AHTS) vessel ENA Shogun will commence a one-year project (+options to proceed further) with a Bruneian oil company, primarily supporting semi-submersible rigs in their fleet.VOS Singapore said it has secured a third-party sh...
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No eyes? No problem. Marine creature expands boundaries of vision
A cousin of the starfish that resides in the coral reefs of the Caribbean and Gulf of Mexico lacks eyes, but can still see, according to scientists who studied this creature that expands the boundaries of the sense of sight in the animal kingdom.
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Research Vessel Delivered to Orca Maritime
Washington-based boat builder Armstrong Marine said it has delivered a new 42’ x 16’ catamaran research vessel, Benthic Cat, to Orca Maritime, Inc. following launch and sea trials in Port Angeles Harbor. The vessel will enter service immediately…
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Five Believed Dead in Alaska Shipwreck
Five commercial fishermen were believed to have died after their crabbing vessel sank on New Year’s Eve in the Gulf of Alaska, the U.S. Coast Guard said after ending a search and rescue operation amid high winds and heavy seas.There were two…
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