On April 17, NYK and the Hong Kong Police Force jointly conducted a counterterrorism drill aboard NYK's NYK Daniella, a 210-m, 2,664-TEU containershipThe drill lasted about an hour in Hong Kong's territorial waters. Based on the scenario of terrorists ...
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China Tariffs Concern Ship Recycling Markets
Even though dry markets were up for the week by 1.6%, overall, they have declined a massive 24% this month (according to Baltic Exchange Dry Index), reports cash buyer GMS.This comes as oil climbed over 3% to end the week at nearly USD 64.50/barrel…
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Timeline of Tall Ship Collision Released
An Australian Transport Safety Bureau (ATSB) investigation interim report outlines the sequence of events leading up to the collision of a container ship with the berthed tall ship STS Leeuwin II in Fremantle last August.The 333m, Singapore…
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US Plans New Offshore Oil and Gas Lease Sales
US Secretary of the Interior Doug Burgum has directed the Bureau of Ocean Energy Management (BOEM) to begin a public engagement process to develop a new schedule for offshore oil and gas lease sales on the U.S. Outer Continental Shelf.“Launching…
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Russian ‘Shadow Fleet’ Tanker Moved to “Safer” Anchorpoint
The Panama-flagged vessel, the Eventin, was moved on Thursday (April 17) to the Nordperd anchorpoint, about 3 nautical miles from its previous position. According to official sources it is now at an anchorage where ships carrying dangerous goods…
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Russian Arctic Oil Exports to China Increase With More STS Transfers, Avoiding US Sanctions
Russia’s Arctic oil exports to China are set to rise sharply this month buoyed by a jump in ship-to-ship transfers at sea to ensure tankers pulling into port are not on U.S. sanctions lists, according to traders and data from Vortexa.The Arctic…
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Global Shippers Await Word on US Port Fees for China-Linked Vessels
The U.S. Trade office will this week announce its plan for levying port fees on China-linked ships as part of President Donald Trump's effort to revive domestic shipbuilding and counter China's dominance on the high seas.The proposed fees on China-buil...
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Asian Spot LNG Prices Remain at One-Year Low Amidst Supply Disruptions
Asian spot liquefied natural gas (LNG) prices remained at a near one-year low this week, as supply disruptions from three export facilities in the region and some buying interest capped losses fuelled by overall weak demand.The average LNG price…
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Rhine River: Rising Levels Allow For Increased Shipping Capacity
Rain in past few days has raised Rhine river water levels in Germany, with vessels able to carry more cargo although most are still sailing around half full, commodity traders said on Thursday."Large volumes of rain have fallen in the Rhine…
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Petronas’ Bintulu LNG Complex: Production Issues
Petronas' Bintulu liquefied natural gas (LNG) complex in Malaysia is experiencing production issues, two industry sources said on Thursday, though offtakers say supply is not expected to be affected.One of the sources added that the production problems...
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