International Shipping News.

An oil tanker belonging to Venezuelan state oil company PDVSA that was taken over by Portuguese authorities last year due to lack of payment will be sold at auction for $6.4 million, auctioneer AgroLeiloes said. The move marks the latest blow to cash-strapped PDVSA’s maritime unit, PDV Marina, which has lost control over tankers due ... […]

BIO-UV Group has unveiled a modified, more compact version of its low flow rate BIO-SEA ballast water treatment system (BWTS) to meet market demand for retrofit installations aboard vessels where engine room space is limited. The BIO-SEA Easy-To-Fit skid is a modified version of its small flow rate range of BIO-SEA 30, 60 and 90 ... […]

The US appears to be making another push to expand its maritime security initiative to protect oil shipments through the Strait of Hormuz as regional tensions rise following the attacks on key Saudi oil facilities. The US made another request to import-dependent Japan to join the coalition, and leaders are expected to discuss it at ... […]

Mitsui O.S.K. Lines, Ltd. has, through a Special Purpose Vehicle which owns the Floating, Production, Storage and Offloading (“FPSO”) vessel Cidade de Mangaratiba MV24 (“the FPSO”), issued a project bond of approximately US$1.1 billion (hereinafter referred to as the “project bond”) for an FPSO charter project in progress in an overseas market and used the ... […]

Malaysia, as a major contributor to world trade and a growing trading partner with many countries, needs to raise its level of participation in shipping to help reduce the country’s large freight outflows, said former Council of Eminent Persons chairman Tun Daim Zainuddin. Daim, who also served as the Finance Minister from 1984 to 1991, ... […]

Iridium Communications Inc. (NASDAQ: IRDM) and OneWeb today announced they have entered into a Memorandum of Understanding (MoU) to work together toward a combined service offering. This combined service offering would be designed to make it easier for their mutual partners to offer unique bundling and co-marketing opportunities for the Iridium Certus® L-band services and ... […]

ABS has granted Approval in Principle (AIP) to Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) for its 165,000 CBM Jumbo Ethane/Ethylene Carrier design. Under this design, the IMO Type B cargo tanks would be constructed out of High Manganese Austenitic Steel (Hi-MN Steel), which DSME says is more cost competitive than Ni alloy steel ... […]

Weekly US coal carrier departures totaled 32 in the week ended September 14, down four from the previous week, data from cFlow, Platts trade flow software, showed. The departing laden and part-laden ships carried nearly 2 million dwt, down about 5% from the week before. US Gulf Coast departures dropped to their lowest level of ... […]

Frank H. Marmol a Naval Engineer with more than 30 years’ experience in classification societies, statutory certification and services processes has been appointed the new Chief Technical Inspector & Executive Director of the representative office of the Panama Maritime Authority in Miami, Florida. Eng. Marmol until recently was the Principal Surveyor of InterMaritime Group. This ... […]

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) turned into downward correction on Sep.18: 380 HSFO – USD/MT – 463.74(-12.33) 180 HSFO – USD/MT – 499.06(-14.67) MGO – USD/MT – 685.81(-11.62) Meantime, world oil indexes fell on Sep.18 extending losses ... […]