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Iran’s President threatens to disrupt oil exports from the Gulf

Iranian President Hassan Rouhani made a threat earlier this week, to disrupt other countries’ oil shipments through the Gulf, in case the US proceeds with efforts to stop Iranian oil exports. Mr. Rouhani specifically said if the US decides to eventually prevent the export of Iran’s oil, ‘then no oil will be exported from the Persian Gulf’.

Europe small scale LNG market projected to grow by 11.8%

The demand for Europe small-scale LNG market is projected to grow from 1,902.60 million Euros in 2020 to 5,818.75 million Euros by 2030, while actuating at an estimated CAGR of 11.8% from 2020 to 2030, according to Energias Market Research.

EU approves Unifeeder’s acquisition by DP World

The European Commission has approved, under the EU Merger Regulation, the acquisition of Unifeeder by the terminal operator DP World, which is based in Dubai. 
DP World agreed to buy 100% of Unifeeder for 660 million euros. The acquisition is expected to close in the end of 2018.

Woodmac: Production cuts expected ahead OPEC meeting

Ahead the OPEC meeting to be conducted in Vienna this week, energy consultant Wood Mackenzie examined the current landscape around the oil production supply and demand taking into consideration the role of US, Russia and other leader countries, as well as the potential influence of Qatar’s withdrawal from the group, noting that the move will likely not affect significantly the supply.

CMA CGM removes Emergency Bunker Surcharge

CMA CGM informed that it will remove the Emergency Bunker Surcharge as from January 1st, 2019. The company has been implementing the measure since June 2018, due to increasing oil prices. The Brent average price in November led the company to this decision.

Report: The impact of cargo theft on global supply chains

Logistics insurer TT Club and BSI Supply Chain Services and Solutions announced the launch of the first joint 2018 semi-annual Global Cargo Theft Intelligence and Advisory Report, highlighting how cargo theft affects the global supply chain. The first edition of the new regular report reveals that violent truck hijackings account for 24% of cargo theft incidents globally.

US, China agree on truce for trade war

US and China reached an agreement to pause their trade war and come up with a deal to give a boost in decreasing global growth. Commenting on the agreement, President Trump called it a bis steps forward for the US-China relations.

China imports US crude oil after two months

China imported its first US crude oil cargo after about two months, since the two countries agreed to stop imposing new tariffs on each other’s products for 90 days. However, Chinese oil traders said they were still cautious.

MSC announces new bunker charge mechanism for 2019

As per a previous announcement in late September, Geneva-based Mediterranean Shipping Company is introducing new bunker charges as of 1 January 2019 in line with 2020 sulphur cap. After considerable analysis of operating costs and related market factors, the company has now established a new price mechanism – the BRC (Bunker Recovery Charge) – which will be transparent to respective trades.

US exports to China reduced by 96%

As we are now two months into the US soybeans trading year, the trade war between US and China is making its impact more apparent, Maritime Strategies International informs. Namely, US exports between September and October are less by 41%, as well as the exports to China (96%). However, there is an increase to shipments elsewhere (86%).

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maritime events

Alerts Casualties Loss Prevention Maritime Health Regulation Safety Seafarers Security
msc 100
Overview of amendments adopted and approved at MSC 100
guidelines on fatigue
MSC 100: Revised guidelines on fatigue approved
drugs
Greece seizes drugs from Syrian freighter
Arctic Ballast Emissions Fuels Green Shipping Pollution Ship Recycling Technology
emissions
Partners test new technology for monitoring emissions
air lubrication
Watch: Smart ships using air lubrication to save fuel
fuel
New regulations to apply in Chinese ECAs from January 2019
Connectivity Cyber Security E-navigation Energy Efficiency Maritime Software Smart
emissions
Partners test new technology for monitoring emissions
air lubrication
Watch: Smart ships using air lubrication to save fuel
dhs robot
DHS tests robot to track oil spills under Arctic Ice
CIC Detentions Fines PSC Focus Vetting
paris mou
Ship denied access to Paris MoU region for 3 months
employment discrimination
Shipyard labor contractors fined for employment discrimination
oily waste at sea
US court fines Navimax for discharging oily waste at sea
CSR Shipping Sustainability Women in shipping
china
Watch: World’s fastest RoPax named in Chinese shipyard
hydrogen
Ports of Auckland plans New Zealand’s first hydrogen facility to cut emissions
cruise
What will be the cruise trends for 2019
Finance Fishery Infographic Maritime Knowledge Offshore Ports Reports Shipbuilding Short Sea Yachting
goliat
PSA Norway gives safety notice to Vår Energi for Goliat issues
dsme hhi
DSME and HHI surpass 2018’s order target
port of oakland
Port of Oakland beats record for November imports
Shipping of liquefiable bulk cargoes: lessons from real-life incidents
Connecting safety with wellness at sea
chief officer slips
The [email protected] Singapore Campaign: Focusing on navigational safety and Human Element
StealthGas: A combination of traditional techniques and modern smart tools is needed in the smart era