The number of bunkering operations at the Mediterranean hub of Gibraltar fell to 463 in August, the lowest since March and down from 504 in July, according to data from the Gibraltar Port Authority. Tight product availability — an issue through out the summer, with limited supplies of HSFO in the...
International Shipping News
KNOT Orders Two New DP2 Shuttle Tanker for Long-Term Charter with Equinor
Knutsen NYK Offshore Tankers (“KNOT”) has been awarded a contract to build two new Shuttle Tankers. The two 153,000 DWT DP2 shuttle tankers will be built by Hyundai Heavy Industries at their shipyard in South Korea and delivered in 2020. The vessels will operate in Brazil, under a long-term charter...
Scorpio Bulkers Inc. Announces the Refinancing of an Ultramax Vessel
Scorpio Bulkers Inc. announced that the Company has entered into a financing transaction in respect of one of the Company’s Ultramax vessels with an unaffiliated third party. As part of the transaction, the Company will sell a 2016 Japanese built Ultramax dry bulk vessel, SBI Hermes, for a...
Venezuela Faces Fresh Blow With Ship-Fuel Rules Threatening Exports
New rules forcing ships to use cleaner marine fuels may deal yet another blow to cash-strapped Petroleos de Venezuela SA, an exporter of high-sulfur fuel oil. From Jan. 1, 2020, vessels will have to switch to less-polluting bunker fuel or be fitted with equipment to curb emissions, under new...
Shipping Bank: NordLB mulls stake sale to private equity, savings banks – sources
German public-sector bank NordLB, which aims to boost its capital by about 3 billion euros ($3.5 billion) to cope with bad ship loans, is considering a stake sale to a mix of private equity investors and savings banks, sources close to the matter said. NordLB said in a statement on Wednesday that...
Brands and maritime operators propose best practices for tackling counterfeit goods in maritime supply chains
New “Know Your Customer, Due Diligence and Maritime Supply Chain Integrity” Best Practices Paper launched at Global Intellectual Property Crime Conference in Dubai. Representatives from major global brands and maritime companies have developed a set of best practices for the maritime industry to...
Explained: Why is it difficult to get rescue ships registered?
Charities operating the last search and rescue ship aiding migrants in the central Mediterranean made an appeal to France this week for help after Panama revoked the vessel’s registration. Now, migrants aboard the charity rescue ship called Aquarius 2 will be transferred to a patrol boat in...
https://www.hellenicshippingnews.com/explained-why-is-it-difficult-to-get-rescue-ships-registered/
Transocean Ltd. Announces Contract Extension for Petrobras 10000
Transocean Ltd. (NYSE:RIG) announced today that the ultra-deepwater drillship Petrobras 10000 was awarded a 790-day contract extension offshore Brazil with Petrobras. The contract is extended through October 2021 and includes a blend and extend modification to the previous contract dayrate,...
Wallem Celebrates 60 Years of Business in Singapore
On 19th September, Wallem’s Chairman, Board of Directors and Senior Management team were joined by clients, partners, colleagues and friends to mark Wallem Singapore’s 60th Anniversary. The office is headed up by Nitin Nathur, a seasoned maritime professional, with expertise in Commercial...
https://www.hellenicshippingnews.com/wallem-celebrates-60-years-of-business-in-singapore/
India and Oman agree for deeper maritime security
India and Oman have agreed for deeper cooperation in maritime security and defence industry for future engagement and range of measures to enhance the defence relationship between the two countries. During talks between Sayyid Badr Saud Harib Al Busaidi, the Minister Responsible for Defence...
https://www.hellenicshippingnews.com/india-and-oman-agree-for-deeper-maritime-security/