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Maritime News
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Cyprus’ Maritime Cluster Prospers Under New Shipping Deputy Ministry
On the eastern edge of the Mediterranean Sea near the major shipping routes connecting Europe, Asia, and Africa lies the island country of Cyprus, a small but important island in the world of maritime. Cyprus’ maritime industry contributes so significantly to the economy that, in March of 2018, the government established the Cyprus Shipping Deputy […]
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Oil Rallies With Producers Showing Confidence by Hiking Prices
By Olivia Raimonde and Alex Longley (Bloomberg) — Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing. Nigeria and Algeria — both members of the Organization of Petroleum Exporting Countries — have lifted the official selling prices for their supply, […]
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Danish Transport Companies Embark on Ambitious Sustainable Fuel Project
A group of Denmark’s leading transport companies have joined forces on an ambitious project to develop an industrial-scale production facility for sustainable fuels for road, maritime and air transport in the Copenhagen area. The companies – Copenhagen Airports, A.P. Moller – Maersk, DSV Panalpina, DFDS, SAS and Ørsted – envision a first-of-its-kind hydrogen and e-fuel […]
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First of Five Iranian Tankers Docks in Venezuela
By Tibisay Romero and Deisy Buitrago VALENCIA, Venezuela/CARACAS May 25 (Reuters) – The first of five Iranian tankers carrying fuel to Venezuela has moored at a port serving the El Palito refinery, the oil minister said on Monday, and Refinitiv Eikon data showed a second vessel had entered its waters. Iran is providing Venezuela with […]
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Pandemic Forces Virtual Safety Checks for Oil Tankers
By Jonathan Saul LONDON, May 26 (Reuters) – Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need for ships as storage. Oil tankers require rigorous inspections twice a year […]