FSRU LNG Croatia Receives Its 15th Cargo

The FSRU vessel LNG Croatia, located on the island of Krk, has received its milestone cargo delivered by Methane Nile Eagle LNG carrier, says an article published in Offshore Energy. Milestone On 28 October 2021, LNG...

Disabled Bulker Towed To Safety

Bulk carrier suffered engine failure south of Hong Kong on Oct 19, while en route from southern Kalimantan Indonesia via Singapore, to China, reports Maritime Bulletin. What happened? Bulk carrier suffered engine failure south of Hong...

Chemical Tanker Struck Cargo Ship, 4 Missing

Chemical tanker collided with a coastal wooden cargo ship on Oct 29 in the morning Oct 29 south of Aru Islands, Dobo, Maluku Province, Indonesia, Arafura sea, reports Maritime Bulletin. What happened? At the time of...

Asia Light Ends: Key Market Indicators for Nov 1-5

According to Platts data, Asia's light ends were mixed during mid-morning trade Nov. 1, as crude oil futures weakened, even as gasoline is getting support from improved regional travel, while naphtha looks to positive...

Asia Crude Oil: Key Market Indicators for Nov 1-5

Crude oil markets started the Nov. 1-5 trading week on a softer note, with the market keeping an eye on OPEC+'s Nov. 4 meeting for fresh cues on supply, shows Platts data. ICE January Brent...

High Gas Import Costs To End-users

PetroChina looking to pass on high LNG spot prices to minimize losses. Shandong allows gas sales at spot prices to non-residential users. But impact limited due to small share of spot LNG in...

Seafarers Brutally Attacked and Robbed, Worsening Modern Day Piracy

While reported incidents of piracy and armed robbery are down to their lowest level in decades, violence against crew remains high in many areas of the world. A Gard correspondent was recently called...

ONE Expects A Net Profit of $12bn for the Year

Japanese ocean carrier Ocean Network Express (ONE) said it now expects a net profit of nearly $12bn for its financial year ending 31 March 2022. ONE posted a profit of $4.2bn for its...

Ports Could Implement Charges Without Notice

Ports could implement the charge without that notice, but carriers would have to give 30-day notice to shippers. Ports of Los Angeles and Long Beach announce a surprise emergency fee for containers lingering...

Why CMA CGM Buys As Many Ships As Possible?

Ocean carriers are turning the heads of non-operating containership owners with “offers they can’t refuse” in their fervent buying spree. Oslo-headquartered MPC Container Ships announced last week it had agreed the sale of...