June 19, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
Image Courtesy: Ocean Affairs Council One of two tankers that ran aground off Kaohsiung, Taiwan last week, split in two in the morning hours of June 18. According to Taiwan’s Maritime and Port Bureau (MOTC), the tankers were not loaded with cargo at the time, however, they jointly had around 200 metric meters of oil on […]
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Oil jumps 4 percent on modest OPEC output increase
June 22, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
Oil prices jumped more than 4 percent on Friday after major producers agreed to modest crude output increases to compensate for losses in production at a time of rising global demand. The Organization of the Petroleum Exporting Countries and other top crude producers, meeting in Vienna, agreed to raise output from July by about 1 […]
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East Libyan forces advance to retake oil ports
June 21, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
East Libyan forces said on Thursday they had retaken the shuttered oil ports of Es Sider and Ras Lanuf, hours after clashes resumed south of Ras Lanuf during a counter-attack by rival factions. Staff were evacuated from terminals in Libya’s eastern oil crescent and exports were suspended last Thursday when armed opponents of eastern-based military […]
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Grounded Tanker Splits in Two off Taiwan
June 19, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
Image Courtesy: Ocean Affairs Council One of two tankers that ran aground off Kaohsiung, Taiwan last week, split in two in the morning hours of June 18. According to Taiwan’s Maritime and Port Bureau (MOTC), the tankers were not loaded with cargo at the time, however, they jointly had around 200 metric meters of oil on […]
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Storage tank at Libya’s Ras Lanuf oil port has collapsed: oil workers
June 19, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
One of two oil storage tanks ignited amid clashes at the Libyan oil port of Ras Lanuf has collapsed after burning for several days, a local engineer and a fire fighter said on Tuesday. Ras Lanuf’s storage tank No. 2 was set on fire on Sunday, three days after another storage tank, No. 12 caught […]
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Burning Cargo Ship Anchored off Kolkata
June 19, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
Image Courtesy: Indian Navy Indian naval forces managed to drop an anchor from the ill-fated merchant vessel SSL Kolkata on June 16, only days after the ship caught fire off Sandheads, Kolkata. A helicopter crew winched down one officer aboard the vessel, which was adrift off the Sagar Island at the mouth of the Ganges Delta, India’s […]
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Australia’s Port Kembla reopens after cargo ship blaze
June 19, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
A fire in the hold of a bulker ship on Monday briefly closed Australia’s Port Kembla, the second-largest coal export port in New South Wales state, stopping shipping for eight hours. The port was shut soon after the blaze began before dawn on the MV Iron Chieftain as it unloaded dolomite, a mineral used in […]
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Tema Port Project Gets $100 Million Boost
June 18, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
The Meridian Port Services Limited (MPS) has taken delivery of the first financing package of the required financing to execute the Tema Port expansion project. An amount of $100 million from the $667 million project financing package arranged by the International Finance Corporation (IFC), a member of the World Bank Group, has been received by […]
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Port Kembla suspends operations after a fire on board self-discharging bulk carrier Iron Chieftain
June 18, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
Caption: More than 100 firefighters battled the blaze at Port Kembla – Images courtesy of Fire and Rescue NSW Operations at Port Kembla have been suspended as firefighters continue to battle a large blaze that broke out on board self-discharging bulk carrier Iron Chieftain in Port Kembla early Monday morning. A large amount of smoke is still coming off the bulk […]
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Yinson in talks for another Nigeria FPSO project
June 14, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
True to its projections, Malaysia’s Yinson Holdings announced that it has entered negotiations with a Nigerian company to supply a floating production storage and offloading (FPSO) unit. Yinson said in a stock market announcement that its Yinson Operations & Production West Africa unit had entered into a heads of terms with Nigeria’s First Exploration & […]
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Thai coastal container ship sank, dozens of containers afloat
June 14, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
River/coastal Thai cargo ship PATHARA MARINE 6 capsized and sank at around 2340 LT (UTC +7) Jun 13 off Ko Si Chang island, while en route from Laem Chabang Port to Bangkok, according to official statement cited by Bangkok Post. 4 crew safe. There were some 70 containers on board, an unknown number reported floating […]
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