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Russia Ready to Set Up Corridor for Ships Leaving Ukraine, With Conditions

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Russia is ready to provide a humanitarian corridor for vessels carrying food to leave Ukraine, in return for the lifting of some sanctions, the Interfax news agency cited Russian Deputy Foreign Minister Andrei Rudenko as saying on Wednesday.Ukraine's Black Sea ports have been blocked since Russia sent

Regulators OK Sale of KST and Maju to Rimorchiatori Mediterrane

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Boskalis and its co-shareholder KS Investments Pte. Ltd. (Keppel) have received the approval from the regulatory agencies in Singapore for the sale of their harbor towage providers Keppel Smit Towage (KST) and Maju Maritime in Singapore and Malaysia to Rimorchiatori Mediterranei S.p.A. The intended

US Prepares Renewal of Chevron's Venezuela License Without Broader Terms

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The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp's license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the talks said.The last U.S. energy producer in Venezuela asked President Joe Biden's

Greece Emerging as Hub for Russian Ship-to-ship Fuel Oil Exports

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Russian fuel oil arrivals offshore Greece jumped to record levels in April, as sanctions on Moscow drive traders to find new ways to export Russian oil via ship-to-ship (STS) loadings, Refinitiv Eikon data showed and sources said.Trading Russian crude and oil products remains legal for now as the European

Industry Body Calls for More States to Ratify MLC

Deirdre Fitzpatrick, Executive Director of SRI (Photo: SRI)

In a statement submitted to the Special Tripartite Committee (STC) meeting held last week, SRI, the international pan-industry body researching maritime and seafarers’ law, called for more States to ratify the Maritime Labor Convention (MLC) to ensure a level playing field in the shipping industry.

Iran Says It Seized Foreign Ship Smuggling Fuel, Detained Crew

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Iranian authorities seized a foreign ship attempting to smuggle fuel out of the country and detained its crew, state new agency IRNA said on Wednesday.Iran, which has some of the world's cheapest fuel prices due to heavy subsidies and the plunge in value of its national currency, has been fighting

US Importers Turn to Prayer and the President Ahead of West Coast Port Labor Talks

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For more than two years, Isaac Larian has used every available tool to overcome global supply-chain bottlenecks and keep retailers stocked with enough Bratz and LOL Surprise! dolls to meet pandemic demand.Asked how he's preparing for this summer's West Coast port labor talks, the chief executive

UN Seeks $144 Million to Offload Decaying Yemen Oil Tanker

Satellite image ©2020 Maxar Technologies

The United Nations will launch a $144 million appeal on Wednesday for an operation to offload a million barrels of crude oil from a tanker stranded off the coast of war-torn Yemen for years which threatens a major environmental disaster.David Gressly, the UN Resident and Humanitarian Coordinator for Yemen,

Ship Insurance Claims to Rise as Black Sea Remains High Risk Area - Allianz

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Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty (AGCS) said in a report on Tuesday.Two seafarers have been killed and six merchant vessels hit by

Offshore Wind: Agreement Opens Dutch Waters to Danish Vessels

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A new agreement between Denmark and the Netherlands enhances the competitive situation for Danish ships operating within the offshore sector in the Netherlands.With the agreement, the authorities of the two countries mutually accept that high-speed crafts carry more than 12 industrial personnel when

Ann Phillips Confirmed as Next MARAD Administrator

Ann Phillips (File photo: Gretchen Albrecht / U.S. Navy)

The U.S. Senate on Tuesday confirmed Ann C. Phillips as Administrator of the U.S. Maritime Administration (MARAD), filling a position that has been left vacant at the Department of Transportation (DOT) since January 2021. Phillips was confirmed by a vote of 75-22.Phillips, a retired U.S. Navy rear admiral,

Italy Seizes Luxury Yacht Scheherazade Linked to Putin

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The Italian government ordered police on Friday to impound a luxury yacht worth some $700 million that has been linked in the media to Russian President Vladimir Putin.The sleek, six-deck Scheherazade had been undergoing repairs in the Italian port of Marina di Carrara since September, but recent activity

Fiji Seizes Russian Oligarch Kerimov's $300M Yacht

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Authorities in Fiji have seized a $300 million yacht of Russian oligarch Suleiman Kerimov at the request of the United States, the U.S. Justice Department said on Thursday, as Washington and its allies press Russia over its invasion of Ukraine.A Fiji court had ruled on Tuesday that the United States can seize a Russian-owned superyacht,

EU Eyes Ban on All Shipping, Financing Services for Russian Oil

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The European Commission has proposed to ban in a month's time all shipping, brokerage, insurance and financing services offered by EU companies for the transport of Russian oil worldwide, an EU source told Reuters on Wednesday.The measure is part of a proposed embargo on Russian oil that is meant to cripple Russia's oil industry.

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