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Fire-Stricken Olga Maersk to Miss Repair Deadline

The repair period of Olga Maersk will be extended until February 23, 2019.

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 Related StoriesAngelicoussis switches second FSRU to LNG carrier contract (https://lloydslist.maritimeintelligence.informa.com/LL1126304/Angelicoussis%20switches%20second%20FSRU%20to%20LNG%20carrier%20contract?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)P&I clubs refuse to collect German insurance premium tax (https://lloydslist.maritimeintelligence.informa.com/LL1126302/PI%20clubs%20refuse%20to%20collect%20German%20insurance%20premium%20tax?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)Box manufacturers face tough year as prices fall (https://lloydslist.maritimeintelligence.informa.com/LL1126300/Box%20manufacturers%20face%20tough%20year%20as%20prices%20fall?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss) 
Japan rejects ban on open-loop scrubbers

A recent study undertaken in Japan has found that open-loop scrubbers had what was deemed no ‘unacceptable’ effect on the...
Middle East Crude Benchmarks fall; little impact from Saudi outage

Middle East crude benchmarks Dubai and Oman eased on Monday, down from this month’s peaks as most refiners have completed their sour crude purchases while an outage at the Safaniyah field in Saudi Arabia appeared to have little impact on heavy oil supplies to Asia, traders said. Brent’s premium to Dubai quotes widened to 73 ...
Baltic Dry Index climbs to 643, up 4 points

Today, Monday, February 18 2019, the Baltic Dry Index climbed by 4 points, reaching 643 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
How Much Oil Does Saudi Arabia Really Have?

Officially, Venezuela has the world’s largest crude oil reserves with 303 billion barrels of proved reserves. But, a lot of this oil is extra-heavy crude oil, and may not be economical to produce at prevailing prices. Thus, some portion of Venezuela’s barrels may in reality no longer be in the “proved reserves” category. Consider that ...
Over vessels anchored in Gibraltar territorial waters.
Spanish Navy Ship in Gibraltar Spat
Singapore: Oil Exports Fall in January
But rise in volume terms.
Stena Buys Japanese Ferry for RoPAX Rebuild

The vessel is to be rebuilt in Europe.

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SAAM Sells USD 12 Mn Stake in Terminal Puerto Arica

Sociedad Matriz SAAM completes the sale of its 15% stake in Terminal Puerto Arica (TPA).

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Angelicoussis switches second FSRU to LNG carrier contract

Move announced by Daewoo Shipbuilding & Marine Engineering ‘not a new order’ and leaves Greek owner’s orderbook at 11 LNG...
 Related StoriesP&I clubs refuse to collect German insurance premium tax (https://lloydslist.maritimeintelligence.informa.com/LL1126302/PI%20clubs%20refuse%20to%20collect%20German%20insurance%20premium%20tax?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)Box manufacturers face tough year as prices fall (https://lloydslist.maritimeintelligence.informa.com/LL1126300/Box%20manufacturers%20face%20tough%20year%20as%20prices%20fall?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss)Cargill targets male-only panels (https://lloydslist.maritimeintelligence.informa.com/LL1126296/Cargill%20targets%20maleonly%20panels?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss) 
Inside the World's Top Ferry Lines

The ferry business, unlike more industrial parts of the shipping business, touches wide swaths of the world’s population across continents. The membership of Interferry, the leading trade group for the industry, with non-Governmental organization…
Increased capacity on the Zeebrugge-Göteborg Service

Complimentary to the introduction of four (4) sailings per week between Zeebrugge and Göteborg – since January 2018 – we are pleased to inform you about the next step in our strategy in order to upgrade the service level towards our customers, offering frequent and reliable ferry crossings. As from 24 February 2019 onwards, CLdN ...
WISTA Cyprus hosts CrewingCyprus 2019 Forum

WISTA Cyprus announces their 3rd annual shipping forum. The forum’s theme for 2019 is “CrewingCyprus 2019” and it will be held on 20th of March, 2019, at Columbia Plaza in Limassol, offering free admission to all participants. CrewingCyprus 2019, will have an exclusive focus on crewing matters and is expected to attract delegates from the ...
Enbridge sees fierce competition for building US Gulf Coast VLCC export terminals

With developers of about 10 projects racing to build deepwater crude export terminals off Texas and Louisiana, Enbridge only sees enough demand for one of them in the late 2021-early 2022 timeframe, the company said in its fourth-quarter 2018 earnings call. Enbridge, Kinder Morgan and Oiltanking have proposed the Texas Colt Offshore Loading Terminal offshore ...
PDVSA says it will be able to export 1.05 million b/d of crude by March

Venezuela’s state-owned PDVSA will have available by March 370,000 b/d of crude, or 35.2% of crude available for export, that has been left without a market because US sanctions against PDVSA that prevent it from accessing to the US market, according to a technical report seen by S&P Global Platts. PDVSA has estimated an export ...
India advises refiner to avoid U.S. system for Venezuela oil buying – source

India has asked one buyer of Venezuelan oil to consider paying the South American nation’s national oil company PDVSA in a way that avoids the U.S. financial system, an Indian government source said, after Washington imposed fresh sanctions on Venezuela last month. The United States is seeking to cut off Venezuela’s oil revenue and pressure ...