Archive

Youroukos: Trade War Is the Best Thing that Happened to Container Shipping

Posted By Tony Sanchez / Cargo News / 0 Comments

April 15, 2019 The end of the escalating trade war between the world’s two super-powers, China and the United States, seems to be on the horizon as the two sides near a deal on ending the tit-for-tat tariffs on export and import of goods. Following a truce at the end of 2018 and the ensuing trade talks, […]

US Sanctions Nine Ships, Four Owners for Venezuela Ties

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April 15, 2019 Another four shipping companies and nine vessels that operate in the oil sector of the Venezuelan economy have been blacklisted, according to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). The most hit was Italy-based PB Tankers as OFAC blacklisted almost its entire fleet, namely the vessels Silver […]

US Blacklists Two Shipping Firms, Tanker for Violating Venezuela Sanctions

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April 10, 2019 The U.S. Department of the Treasury has blacklisted two shipping firms and a number of vessels, including one Greek tanker, in relation with the U.S. sanctions on Venezuela. The two companies are the Liberia-based Ballito Bay Shipping and Greek ProPer In Management, respectively the registered owner and the operator of the blacklisted […]

BIMCO: US Seaborne Crude Oil Exports at Record High

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April 9, 2019 US exports of crude oil have continued to rise every month since August 2018, setting a new record high of 9.6 million tonnes in January,  according to BIMCO. Exports rose in January on the back of increased sales to Europe, which were up from 2.7 million tonnes in December to 4.8 million […]

Shell Marine Presents New Lubricant Ahead of IMO 2020

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April 9, 2019 Ahead of the IMO sulphur cap 2020, Shell Marine has introduced a new two-stroke engine cylinder oil specifically for use with engines running on 0.5% sulphur content very low sulphur fuel oil (VLSFO). The new product, Shell Alexia 40, will be available for use in Singapore from June 1, 2019. It will […]

BIMCO: EU Ship Recycling Rules Disadvantage European Owners

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April 9, 2019 Only nine shipyards, out of 26, on the EU list of approved recycling facilities are realistically open for ship recycling, a study commissioned by international shipping association BIMCO finds. Furthermore, only three of the 26 demolition yards could recycle a large ship such — Panamax size or larger. “The EU list is […]

North Korea-Flagged Tanker Busted Violating UN Sanctions

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April 8, 2019 A North Korea-flagged tanker was caught violating UN sanctions as it engaged in what is believed to be a ship-to-ship transfer of fuel with an unidentified ship on March 2. The illicit operation was documented by a Royal Navy frigate which was operating in the East China Sea in cooperation with Japan, […]

Drewry: Container Shipping Heading to a Better Tomorrow

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April 8, 2019 The container shipping industry is facing an exceptionally high level of uncertainty amid numerous headwinds, according to shipping consultancy Drewry. The uncertainty ranges from the extra cost associated with IMO 2020 and how much carriers will recover from shippers, to the possibility of a trade recession and unknown future engagement by shipowners […]

Aviation experts to discuss Brexit at Routes Europe 2019

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April 4, 2019 As the uncertainty surrounding Britain’s exit from the EU continues, aviation experts prepare to meet in Germany to debate the issue in front of many of the sector’s senior representatives at Routes Europe 2019 in Hannover, Germany. Brexit has serious implications for the aviation market, affecting air service agreements, aviation safety and […]

Drewry: Routing Options to Ease Dover Congestion Post-Brexit

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April 4, 2019 Short-sea container services could provide alternative capacity between the UK and EU to alleviate possible congestion at the Port of Dover post-Brexit, a study by shipping consultancy Drewry showed. These latest findings follow an earlier Brexit briefing and resilience study by Drewry which concluded that the Port of Dover had the capacity […]