The U.S. State Department said on Saturday that Washington would not wait to impose sanctions on any shippers helping to get fuel to North Korea, in an apparent warning to Russia days after the U.S. ambassador to the United Nations accused Moscow of cheating on the measures. North Korea continues...
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Iraq’s southern oil exports close to 3.6 mln bpd -SOMO
Iraq, the second-largest OPEC producer, is exporting close to 3.6 million barrels per day (bpd) of crude from its southern oilfields, as OPEC and others ramp up output to replace supply shortfalls from Iran and Venezuela, an Iraqi oil official said. “We are a little less than 3.6 million bpd … but...
https://www.hellenicshippingnews.com/iraqs-southern-oil-exports-close-to-3-6-mln-bpd-somo/
Iranian Oil Tankers Are Working Really Hard To Hide Their Movements
Iranian oil tankers are actively hiding their movements in the Persian Gulf, likely trying to evade impending U.S. sanctions that are already killing business in the petrostate, according to TankerTrackers.com, which tracks international oil storage and transport. U.S. sanctions on Iran are...
Pool Express participates in NOGEPA Methane Project
Earlier in the summer, our platform-supply vessel (PSV) Pool Express supported the Netherlands Oil & Gas Exploration and Production Association (NOGEPA) on a project to measure and assess Greenhouse-gas and Methane emissions in the North Sea. NOGEPA is acting on behalf of 13 companies during the...
https://www.hellenicshippingnews.com/pool-express-participates-in-nogepa-methane-project/
ECB on Runway to Rate Liftoff Considers What Should Happen Next
European Central Bank officials are starting to discuss priming investors for the euro area’s first interest-rate increase since 2011, a conversation that could see them putting the U.S. experience of three years ago under the microscope. With the Governing Council indicating borrowing costs will...
France Unveils Billions in Tax Cuts as Support for Macron Ebbs
The French government unveiled billions in tax cuts Monday as it seeks to revive flagging public support for President Emmanuel Macron and his efforts to overhaul France’s economy. Mr. Macron is threading a needle as he tries to stimulate the economy without undercutting his pledge to make France a...
https://www.hellenicshippingnews.com/france-unveils-billions-in-tax-cuts-as-support-for-macron-ebbs/
Crude bears the brunt of Trump’s tweets
With mid-term elections approaching, he desperately wants lower prices at the gas station. But his aggressive foreign policy, endeavouring to isolate the Iranian regime is pushing the oil prices higher. This leaves him with little options. He needed a scapegoat and the Organisation of Petroleum...
https://www.hellenicshippingnews.com/crude-bears-the-brunt-of-trumps-tweets/
English High Court continues restraint against Djibouti Port Company over shares in Joint Venture
The High Court of England and Wales in London has continued the injunction first made on 31 August 2018, prohibiting the Government of Djibouti’s port company, Port de Djibouti S.A. (“PDSA”) from interfering with the management of the joint venture company, Doraleh Container Terminal S.A. (“DCT”)....
Nigerian maritime agency identifies nationalities of 12 abducted ship crew
Twelve crew members of a Swiss merchant vessel kidnapped by pirates off the coast of Nigeria by pirates are from the Philippines, Slovenia, Ukraine, Romania, Croatia and Bosnia, the West African nation’s maritime agency said on Sunday. Sunday Umoren from the Nigerian Maritime Administration and...
Two new vessels for Dutch Dredging
The dredging contractor Dutch Dredging welcomed two new vessels to its fleet last week during the naming ceremonies for the Papillon and the Fregate. Both vessels will go to work in the ports of Cayenne and Kourou in French Guiana. The newcomers were delivered to Boer Remorquage SARL, a joint...
https://www.hellenicshippingnews.com/two-new-vessels-for-dutch-dredging/