LMG Marin France reports it has secured an engineering contract with Eastern Pacific Shipping (EPS) for integration of bound4blue eSAILsEPS will install its first ever wind-assisted propulsion system, three 22-metrer eSAILs o,n board the 2019…
Read more
Venezuela Oil Exports Rising, but Shipping Delays Persist
Venezuela's oil exports slightly increased in February to some 670,000 barrels per day (bpd), but ongoing shipping delays worsened a bottleneck of tankers waiting to load, according to documents and vessel monitoring data.State-run oil firm…
Read more
New US Sanctions More Likely to Curb Indian Imports of Russian Coal
New U.S. sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said.Russia, historically a minor export...
Read more
Rotterdam World Gateway to Provide Shore Power at All Berths
Rotterdam World Gateway (RWG) container terminal will equip its entire quayside with shore-based power for all vessels, slashing emissions of particulates, nitrogen and CO2 while at berth.RWG, which is already fully automated and CO2 neutral…
Read more
US Says it Struck Missiles, Drone that Posed Threat to Red Sea Ships
The U.S. military said it conducted strikes on Thursday against anti-ship missiles and an aerial drone that posed a threat to Red Sea shipping.U.S. Central Command (CENTCOM) said its forces shot down an unmanned aerial vehicle (UAV) over the…
Read more
Texas A&M to Reduce Tuition For Merchant Mariner License Students
Texas A&M University at Galveston said it will reduce fees for current and future out-of-state students seeking a merchant mariner license from the Texas A&M Maritime Academy, in an effort that aims to help the maritime industry fill worsening…
Read more
BIMCO: Tanker Supply/Demand Balance will Tighten
The BIMCO Tanker Shipping Market Overview & Outlook February 2024 by Niels Rasmussen, BIMCO’s Chief Shipping Analyst, forecasts that the supply/demand balance will tighten further during both 2024 and 2025.Low fleet growth, along with increasing sailin...
Read more