Russia's seaborne oil product exports in August fell to 9.074 million metric tons, down 2.3% month on month, data from industry sources and Reuters calculations showed.Russia's offline primary oil refining capacity for August at 2.95 million tons was u...
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Brokers Launch Port Disruption Insurance Amid Shipping Chaos
Broker Marsh and Lloyd's underwriter Tokio Marine Kiln (TMK) have set up business interruption insurance for ports to provide cover against growing trade disruption risks such as threats to shipping in the Red Sea, executives involved said.Ports…
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Antigua-flagged Vessel Damaged in Russian Attack
A Russian missile strike has damaged infrastructure and an Antigua-flagged civilian vessel in the Ukrainian port of Odesa, the regional governor said on Friday.Four people were wounded in the airstrike, Governor Oleh Kiper said on the Telegram messagin...
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Crewmember Goes Missing From Canadian Coast Guard Vessel
The Canadian Coast Guard has called off a search for a crewmember believed to have gone overboard from one of its icebreaker vessels off Newfoundland's northeast coast. The CCGS Vincent Massey crewmember, who was reportedly last seen aboard the ship on...
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AI, 5G, Digital Twins Deployed at Smart Shipyard
ST Engineering has officially opened its new shipyard located at 55 Gul Road in Singapore.The Gul Yard was acquired in February 2023 for S$95 million ($74 million) and will replace ST Engineering’s Tuas Yard, whose lease expires at the end of 2024.Twic...
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OSRL Developed Emergency Response Plan for Pilbara Ammonia Transfer
Oil Spill Response Limited (OSRL) developed the emergency response plan for the recent ammonia ship-to-ship transfer pilot conducted at the Port of Dampier in the Pilbara region of Western Australia.The operation was a a tripartite collaboration…
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OSHA Fines Marine Services Firm for Multiple Violations Related to Vessel Fire
A marine services company was cited for 15 serious violations and fined $164,000 for exposing workers to fire and asphyxiation hazards while making repairs to a Canadian-registered bulk carrier moored at the Port of Ashtabula, the Occupational…
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Strong Current Pulled Bulk Carrier From Its Moorings -NTSB
A strong current caused a bulk carrier to break free from its moorings at the Convent Marine Terminal dock in Convent, La., on March 27, 2023, the National Transportation Safety Board said Thursday.The Panamanian registered Sirocco was loading…
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Pertamina’s Shipping Unit to Double Tanker Fleet in Next 10 Years
The shipping unit of Indonesia's state energy firm Pertamina plans to double its fleet of 320 tankers in the next 10 years, the unit's CEO Yoki Firnandi told the Gastech conference in Houston on Thursday.The expansion, aimed at reducing the average age...
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Red Sea Insurance Costs Skyrocket Amid Rising Houthi Shipping Threats
The cost of insuring a ship through the Red Sea has more than doubled since the start of September and some underwriters are pausing cover as the risk of attack from Yemen's Houthis on commercial vessels increases, industry sources said.The…
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