As the Suez Canal Authority informed, a 105,542 DWT tanker suffered a steering failure as it was transiting of the Canal on the afternoon, local time of 13 February. Suez Canal tugs took immediate action to refloat the vessel. No damages were reported, and both convoys, South- & North-bound, are operating.
According to a recent circular issued by the Suez Canal Authority, Crude Oil Tankers coming from ports of the US Gulf, Caribbean area and Latin America heading to Asian ports shall be granted reductions in the normal tolls until the end of 2018.
This project aims to contribute to increasing the competitiveness of the Suez Canal and Egyptian ports by providing a collection and waste treatment service of the highest international standards, as well as providing ship owners with essential traceability on their hydrocarbon waste.
At the beginning of 2018, new challenges are noted for VLCC owners. Rates are sluggish, with insufficient volumes and an oversupply of tonnage being the main reason. Specifically, the Suezmax market has seen limited action, with Wafr being particularly quiet.
GAC Egypt announced that expanded its HullWiper hull cleaning system to vessels berthing at ports in the Suez Canal. The eco-friendly remotely operated vehicle has already attended its first vessel, respectively a crude oil tanker.
Suez Canal Authority has signed a contract with Royal IHC for the design and construction of two custom-built 29,190kW heavy-duty rock cutter suction dredgers. The CSDs will be used to maintain and improve the artificial sea-level area that connects the Mediterranean and Red Seas.
Aiming to encourage more vessels to transit the Suez Canal, the Suez Canal Authority has decided to grant reduction in dues to LNG tankers operating between the American Gulf, Arabian Gulf zone, India and its eastern ports, either they are loaded or in ballast.
The Suez Canal Authority is committed to ban entry of all Qatari vessels in the Suez Canal Economic Zone, as part of maintaining national security, according to chairman Mohab Mamish. However, the Constantinople 1869 agreement, sees as illegal the ban of ships -coming from any country- from passing through the main Canal.
International law firm Ince & Co has advised shipping and transportation companies with cargo interests in Qatar to plan for a period of disruption and uncertainty, following the decision by a number of Qatar’s neighbours and other nations to cut diplomatic ties and close borders with the Gulf State.
Ecoslops announced that it has signed a Letter of Intent with Egyptian General Petroleum Corporation, through one of its subsidiaries, SSCO, in order to explore the feasibility of creating an oil residue collection and recycling plant in the Suez Canal region. The aim is to identify the recovery services that could be installed, and then used by ships passing through the canal.
Works progress for Belgium's first industrial power-to-gas installation27/02/2020
UK and Southern Africa to enhance ocean economy27/02/2020
New Task Force to drive offshore wind growth in Japan27/02/2020
EIA: US crude oil production increases, imports remain strong27/02/2020
Busan Port Authority, Samsung SDS to develop logistics center in Rotterdam27/02/2020
Dutch partners start Europe's largest green hydrogen project27/02/2020
Rystad: Oil and gas prices to fall short of expectations amid coronavirus27/02/2020
Germany remains the 5th shipping nation27/02/2020
MOL to develop digital twin model for vessels' main engine27/02/2020
Singaporean shipping company pleads guilty for concealing oily bilge discharge in US27/02/2020