One crew member died following the sinking of a tanker in the Arabian Sea south of Oman, Combined Maritime Forces (CMF) informed. The 6,800 dwt Rama 2 issued a mayday call in the morning hours of June 26, reporting a heavy list to starboard, according to CMF. Naval ships, a helicopter and a maritime
By Karolin Schaps LONDON (Reuters) – Oil prices rose to a two-week high on Thursday, extending a rally into a sixth straight session after a decline in weekly U.S. production eased concerns about deepening oversupply. Crude prices slipped to the lowest in 10 months last week but have since rebounded
The team on the Bahrain-based minehunter HMS Bangor has found and recovered a large sonar lost during the latest Anglo-French-US exercise in the Gulf, Artemis Trident. The Brits were asked to assist the US Navy when one of its sonar buoys towed by MH-53 Sea Dragon helicopter became detached and disa
The economic and political sanctions imposed on Qatar earlier this month could protract indefinitely, BBC News reports citing a UAE government spokesman, according to whom Qatar seems to be unwilling to comply with a list of demands set by a number of Arab countries. Namely, after Saudi Arabia, the
A ransomware cyberattack named Petya, or NOTPetya according to Kaspersky Labs, has hit organizations around the globe, including the Ukraine government, Denmark’s Maersk Group, and the Russian oil company Rosneft. According to several news reports screens around the world are receiving a ransomware
Oman seems to have benefited considerably on the back of the Qatar-Gulf Crisis as it has seen the number of vessels berthing in the country jump by 75 pct during the same week as the diplomatic fallout, CargoSmart’s data shows. Specifically, prior to the dispute the highest number of recorded vessel
The UK Coastguard have coordinated a long range rescue after an oil tanker sank 240 miles off the coast of Yemen in the early morning hours on June 26. The coastguard received reports of a mayday distress call issued by the oil tanker, which is registered under a Panamanian flag, reporting that it w
The newbuild activity for the first half of 2017 has surpassed the same period last year by 20%. A total of 5.9 million DWT was contracted in May 2017 and 3.1 million DWT so far in June 2017, which brings the total amount of newbuild orders up to 19.6 million DWT for 2017, BIMCO’s figures […]
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The Association of Bulk Terminal Operators (ABTO) has called for a complete overhaul of the cargo sampling and liquefaction testing protocols for raw ores and less common cargoes, such as nickel ore, fine wet coal and bauxite. According to Professor Mike Bradley, a member of the advisory panel to AB
The severing of diplomatic ties between Qatar and its neighbors in the Gulf has caught the market off guard, causing a lot of concern amid growing uncertainty surrounding the impact of the crisis on the shipping industry. Being the world’s biggest exporter of LNG, it was assumed that the LNG shippin
The maritime industry and broader ocean supply chain are suffering from major and costly inefficiencies due to ineffective data sharing and poor cross-industry collaboration, a new report and industry survey released by the Business Performance Innovation (BPI) Network in coordination with Navis and
The Foreign Minister of Qatar Sheikh Mohammed bin Abdulrahman Al-Thani said that the Gulf crisis cannot be resolved unless the “siege” is lifted. Speaking at a press conference on Monday, June 19, the Minister said that there can be no dialogue as countries that imposed restrictions on Qatar never g
Sharjah National Oil Corporation’s (SNOC) and Uniper plan to start importing liquefied natural gas (LNG) to Sharjah through a joint venture company starting early 2019.
