Coal Soars on Rising Demand from Asia: Russell

Coal prices in Asia are being driven to multi-year highs by a rare combination of simultaneous demand growth in the region's top four importers. Depending on the price used, thermal coal is either close to a two-year high or near the strongest in six years as China… Via Storage Containers http://www.rssmix.com/

PDVSA Raises Prospect of Force Majeure on Oil Exports

OPEC member Venezuela has raised the prospect of declaring force majeure on contracts with major crude buyers amid plummeting output from its oil fields and tanker bottlenecks at ports, according to three sources familiar with the matter.Falling… Via Storage Containers http://www.rssmix.com/

Famous Crab Fishing Boat Gets a New Crane

Captain Sig Hansen has been fishing crabs in Alaska aboard the F/V Northwestern for more than 30 years. In 2005, Discovery Channel aired the documentary TV show “Deadliest Catch”, which portrays real life aboard fishing vessels in the Bering Sea. Via Storage Containers http://www.rssmix.com/

Techcross Awarded USCG BWMS Type Approval

The U.S. Coast Guard Marine Safety Center issued the seventh U.S. Coast Guard Ballast Water Management System Type Approval Certificate to Techcross, Inc., after a detailed review of the manufacturer’s type approval application determined the… Via Storage Containers http://www.rssmix.com/

LR Grants AiP for Dual-fuel Bulker Design

Lloyd's Register presented Approval in Principle (AiP) to Shanghai Waigaoqiao Shipbuilding Co., Ltd (SWS) for its liquefied natural gas (LNG) dual-fueled Newcastlemax 210,000 DWT bulk carrier design during a ceremony this week at the Posidonia… Via Storage Containers http://www.rssmix.com/

Shell Launches New Engine Oil for Tugs and Fishing Vessels

Shell Marine is launching Shell Marine 40, an engine oil for use in high-speed diesel engines in the fishing and tug boat segments.Shell Marine 40 has been formulated to react to the combustion processes that take place in high-speed engines… Via Storage Containers http://www.rssmix.com/

YM Efficiency Docks in Sydney after Losing 83 Containers at Sea

A Taiwan-owned cargo ship docked safely in Sydney on Wednesday after losing 83 containers off the coast of Australia during a massive storm which saw the ship battered by five metre (15 feet) swells.The YM Efficiency limped into Sydney with a container hanging halfway off its side. Via Storage Containers http://www.rssmix.com/

Baltic Index Up On Stronger Capesize Rates

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday as capesize rates jumped to their highest in almost three weeks.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose for a fifth co Via Storage Containers http://www.rssmix.com/

EU Plans to Hit US Imports with Duties from July

The European Union expects to hit U.S. imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and aluminium.EU members have given broad support to… Via Storage Containers http://www.rssmix.com/

VLCC Carrying Diesel Changes Destination for Third Time

New-build VLCC Maran Aphrodite, which is carrying a 200,000 metric ton diesel cargo from Asia, has changed its final destination for a third time, according to Reuters ship-tracking data.The ship was originally calling on Rotterdam before changing its destination to New York harbour on May 11, then Via Storage Containers http://www.rssmix.com/

Tunisia Sees Sharp Rise in Boat Migrants

Tunisia stopped about 6,000 migrants leaving its coast for Europe in the first five months of the year - a sharp increase from the few hundred prevented in the same period last year, an interior ministry official said on Wednesday.Human traffickers… Via Storage Containers http://www.rssmix.com/

Insurers hope blockchain will fill their sails

Industry could reduce costs by an estimated 30 per cent using the technology Via Storage Containers http://www.rssmix.com/

ABB Ability Lands Deal for Nine Heavy Lift Vessels

ABB Ability Marine Advisory System – OCTOPUS marine software will map the safest and most efficient routes for a fleet of heavy lift vessels servicing the expansion of a giant oil field in Kazakhstan.ABB has secured a series of contracts for… Via Storage Containers http://www.rssmix.com/

Phoenix Petroleum, CNOOC Partner for LNG Terminal

Philippine fuel retailer Phoenix Petroleum said it had agreed to partner with a subsidiary of state-owned China National Offshore Oil Corp (CNOOC) to explore building a receiving terminal for liquefied natural gas in the country.The Philippines… Via Storage Containers http://www.rssmix.com/

Bureau Veritas Issues Range of Approvals to GTT

Bureau Veritas has issued a broad swathe of approvals to GTT, expert in membrane containment systems and liquefied natural gas (LNG) technology applications.Bureau Veritas experts have been working with GTT to approve two new containment systems: the Mark III Flex+… Via Storage Containers http://www.rssmix.com/

Norsafe Bags Patrol Boats Order

Norsafe announced it has recently secured an order from Papastratos Tobacco Company S.A., an affiliate of Philip Morris International in Greece, for the construction of five high speed patrol boats, which will be donated to the Hellenic Coast… Via Storage Containers http://www.rssmix.com/

ZIM Announces Senior Management Changes

ZIM has announced today that ZIM’s VP Global Sales, Saar Dotan, will replace Rafael Ben-Ari, ZIM’s VP Shipping, as of June 1. Dotan’s new title will be EVP Countries & Business Development.Dotan joined ZIM in 2005 and held several senior positions… Via Storage Containers http://www.rssmix.com/

Mexico Slaps Tariffs on US Steel, Agricultural Products

Mexico will impose tariffs of 15 percent to 25 percent on U.S. steel products and on some agricultural goods, the Mexican economy ministry said on Tuesday, after pledging to retaliate against U.S. President Donald Trump's metals tariffs.The… Via Storage Containers http://www.rssmix.com/

China Busts Gangs Smuggling Scrap Steel

Customs in China's southeastern Fujian province broke up five gangs smuggling scrap steel in a late-night operation on Monday, the official Xinhua news agency reported.A total of 28 criminal suspects were held in Xiamen, Quanzhou and other cities in the coordinated operation, in which 3,237 tonnes o Via Storage Containers http://www.rssmix.com/

Vietnam to Resume Importing Wheat from Ukraine

Vietnam's government has approved a decision to resume imports of Ukrainian wheat after about a two-year pause, Ukrainian grain traders union UZA said on Tuesday.Vietnam suspended purchases of Ukrainian wheat in 2015 after it found weevils in grain parcels delivered with fake phytosanitary certifica Via Storage Containers http://www.rssmix.com/