U.S. Lifts Sanctions on COSCO’s VLCCs

The U.S. Treasury has lifted sanctions on Chinese crude tanker operator COSCO Shipping Tanker (Dalian) Co. Ltd., a division of state-owned China COSCO. The tanker unit was blacklisted in September 2019 for allegedly violating American sanctions on Iran. 

The delisting comes just days before temporary waivers allowing business with COSCO Shipping Tanker (Dalian) were set to expire. It also follows shortly after the successful negotiation of a “phase one” trade deal between Beijing and Washington,...

https://www.maritime-executive.com/article/u-s-lifts-sanctions-on-cosco-s-vlccs

The 75th Anniversary of the Loss of USS Serpens

“I felt and saw two flashes after which only the bow of the ship was visible. The rest had disintegrated and the bow sank soon afterwards.”
-Lt. Cmdr. Perry Stinson (USCG), Commanding Officer, USS Serpens

The quote above refers to the Coast Guard-manned USS Serpens (AK-97). On January 29, 1945, 75 years ago, a catastrophic explosion destroyed the transport. In terms of lives lost, the destruction of the Serpens ranks as the single largest disaster ever recorded in Coast Guard history.

In March...

https://www.maritime-executive.com/article/the-75th-anniversary-of-the-loss-of-uss-serpens

First Afghan Cargo is a Game-Changer for Gwadar Port

[By Adnan Aamir]

On a sunny Tuesday in the third week of January, a cargo ship named Diyala docked at Gwadar seaport, in south-west Pakistan. The enthusiastic port staff quickly unloaded the cargo. When the unloading was finished, Chinese officials operating the port, along with their Pakistani counterparts, posed for a photo with containers in the backdrop. The ship’s arrival received extensive coverage in local media, and the Chinese embassy tweeted about it.

Why are Pakistanis and Chinese so...

https://www.maritime-executive.com/article/first-afghan-transit-is-a-game-changer-for-gwadar-port