U.S. flows that are gaining a bigger slice of the prized Asian market may prompt some nations to boost supplies, said Warren Patterson, a commodities strategist at the Dutch bank. The resulting fallout could drag down crude prices after a rally of more than
40 per cent since June, he said.
VesselsValue, and the dry bulk fleet is now worth more than the combined value of the tanker fleet and leapfrogging container ships as well. Since 2015, the value of the tanker fleet has slipped by almost $50 billion dollars, while bulkers have appreciated
by a net $56 billion dollars. Tankers appear to be in the middle of a down cycle.
and the ship’s country of origin has not been identified". The vessel is linked with militants in Derna, a port city that is under seige by Gen. Haftar’s forces as they attempt to oust the Derna Mujahedeen Shoura Council (DMSC). DMSC is a coalition of Islamist
groups, and it has held control of Derna since it drove out radical ISIL fighters in 2015.
liabilities exchanged for a combination of new debt instruments and equity. 46% of creditors have approved the plan to date, Noble said, with more expected to sign up soon. Under the plan, the group, dubbed New Noble, will focus on its hard commodities, freight
and LNG businesses once the restructuring is complete, and will move to the UK.
portable skimmer packages to recover marine pollution spills. Over $167 million has been assigned to whale research, including the survival risks faced by the endangered Southern Resident Killer Whale. The ultimate aim is to implement regulatory and other
measures to reduce underwater noise from vessels.
foreign merchant ships. A total of 6,720 vessels, of which 36 (0.54%) were detained. In total 157 (2.34%) ships were detained during the campaign. The highest number of inspections were carried out on ships flying the flags of Panama 1,876 (27.92%), Hong Kong
(China) 650 (9.67%), the Marshall Islands 610 (9.08%) and Liberia 543 (8.08%).
Spirit in half and began the process of pulling her bow and stern in opposite directions. Once they had enough space, they used self-propelled modular transporters to move a new, prefabricated 50-foot section into place. Reconnecting the hull, fitting out
wiring and piping and installing interior fittings will take workers about 450,000 man-hours to complete. https://goo.gl/iHN9j8
about the changes that will result from these technologies, especially in regard to regulatory and legal changes, it is clear that workforce needs will need to be reviewed. Changes to the workforce will present challenges and opportunities for ship-owners
but an early review of the future needs now, will help navigate the technological changes of the near future.
government could enforce the ban given Somalilands semi-autonomous status. But parliaments unanimous passing of the resolution banning DP World from working in the country underscored growing rivalries in the strategic Horn of Africa region over the Dubai
state-owned port operators investments.
rules will cut the amount of sulfur emissions that ships worldwide are allowed from 3.5 percent to 0.5 percent by 2020. Potential non-compliance is a significant issue that the market has been contending with, Jason Breslaw, who leads BPs distillate trading
origination across the Americas, said at an industry conference in New Orleans.
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