China dismissed a warning issued by the US Department of State not to provide services to the tanker ‘Pacific Bravo’ carrying Iranian crude oil, noting that energy deals between the international community and the Middle East nation should be respected.
Global economic consultants of Centre for Economics and Business Research in the UK launched a study, according to which the global economic impact of the Belt and Road Initiative is most likely to boost world GDP by $7.1 trillion per annum by 2040.
During the 10th Clean Energy Ministerial (CEM10) meeting, a new global international hydrogen partnership was announced under the leadership of the United States, Canada, Japan, the Netherlands and the European Commission with participation of several other CEM member countries.
According to Reuters, US National Security Adviser, John Bolton, commented that the naval mines that were used to attack oil tankers off the UAE were ‘almost certainly from Iran’. The UAE has not yet blamed anyone for the sabotage of four vessels, including two Saudi tankers, near Fujairah emirate, a major bunkering hub just outside the Strait of Hormuz.
The US Coast Guard announced that it terminated the voyage of the 47-foot pleasure craft, Good Energy, with 10 passengers aboard on May 26, near Haulover Park, as it discovered multiple safety violations. Owners and operators of illegal charter vessels can face maximum civil penalties of more than $58,000 for illegal passenger-for-hire operations.
Venture Global and Stonepeak announced that they have reached agreements under which Stonepeak will exclusively provide a $1.3 billion equity investment in Venture Global’s 10 million tonnes per annum (MTPA) Calcasieu Pass LNG export facility in Cameron Parish, Louisiana.
The US Department of Energy approved additional exports of domestically produced natural gas from the Freeport LNG Terminal located on Quintana Island, Texas. The expansion of the Freeport LNG facility is estimated to support up to 3,000 engineering and construction jobs and hundreds of indirect jobs related to the project.
The Evergreen Triton, capable of handling 14,424 TEU containers, arrived on May 24 at the Helen Delich Bentley Port of Baltimore, becoming the largest container ship to ever visit Maryland. The supersized ship called at the Port of Baltimore because of the Port’s infrastructure that enables it to handle some of the largest ships in the world.
Alabama’s Gee’s Bend Ferry has started operations once again, as it has now been converted from diesel propulsion to the first zero-emission, electric-powered passenger/car ferry in the US. The 15-vehicle and 132-passenger ferry operates on the Alabama River between Camden and Boykin, Alabama.
Esben Poulsson, the Chairman of ICS has commended the Cyprus Shipping Chamber (CSC) as being a ‘model member’. Mr. Poulsson also highlighted that the lifting of the restrictions that Turkey has imposed on Cypriot-flagged ships would lead to a a win-win situation. Moreover, he expressed ICS’s full support on 2020 sulphur cap, but highlighted its concerns regarding the prices of the new fuels.
Inmarsat partners with HGS to fast-track maritime digitalisation05/06/2019
Norwegian offshore workers struck a pay deal, strike averted05/06/2019
UK announced large expansion to 'blue belt' of protected marine areas05/06/2019
Big data and their hidden threats to shipping industry05/06/2019
- Green Shipping
Floating power plants could recycle CO2 from the sea05/06/2019
- Cyber Security
Shipping industry should adapt a multifaceted approach to cyber security05/06/2019
- Loss Prevention
Navigator of the Seas to feature industry's first fire prevention notation05/06/2019
- Cyber Security
Partnership to provide enterprise-level cyber security in shipping industry05/06/2019
- Loss Prevention
CHIRP: Lessons learned from machinery and technical problems05/06/2019
Port of Rotterdam signs MoU with DeltaPort05/06/2019
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