Latest News for: Oil ships

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New USCG examination program to verify engine room fire safety

SAFETY4SEA 18 Apr 2024
PSCOs are instructed to not test operation of fuel oil shutoff valves which would affect current operation of a ship’s machinery, to ensure that engines are not starved of fuel.
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What the fresh march higher in oil means for world markets

The Economic Times 18 Apr 2024
... shipping costs that would hike global inflation by about 0.7 percentage points.
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‘Russia doesn’t care’: Sweden sounds alarm over unsafe oil fleet

AOL 18 Apr 2024
“We will all be affected if there were a major problem arising from a collision or oil leakage from one of these ships, which also in many cases are not seaworthy, or very close to not being seaworthy,” Billström said.
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Diplomatic campaign underway to crack down on Russian tankers passing through the Baltic

Splash24/7 18 Apr 2024
“We will all be affected if there were a major problem arising from a collision or oil leakage from one of these ships, which also in many cases are not seaworthy, or very close to not being seaworthy.”.
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What are the implications of oil’s recent surge on global markets

CyprusMail 18 Apr 2024
... in which an escalation of conflict in the Middle East would lead to a 15 per cent jump in oil prices and higher shipping costs that would hike global inflation by about 0.7 percentage points.
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Seized ship’s cargo reveals impact of Iran tensions on global trade

Deccan Herald 18 Apr 2024
... the Strait of Hormuz will cause the most problems for oil tankers, but 15 per cent of the ships passing through are container vessels frequenting ports such as Jebel Ali in the United Arab Emirates.
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Iranian Rescuers Saved 21 Crewmen Of Sinking Sri Lankan Tanker In Gulf Of Oman

MENA FN 18 Apr 2024
(MENAFN - Nam News Network) TEHRAN, Apr 18 (NNN-IRNA) – Iranian rescuers, yesterday saved 21 crew members of a storm-hit Sri Lankan oil tanker from drowning, along with their ship in the Gulf of ... .
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Prices of foods, daily necessities surge amid high oil price, weakening Korean won

Korea Times 18 Apr 2024
The tendency is likely to continue due to elevating oil prices amid fears of wider ... These sharp increases in import prices of raw materials and oil push up the costs of final goods and shipping.
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UK Insurers Refuse to Pay Nord Stream Because Blasts Were ‘Government’-Backed

GlobalResearch 18 Apr 2024
Following Lloyd’s submission to US sanctions and its refusal to insure ships carrying Iranian oil, Western insurance underwriters (like their colleagues in the banking sector) are increasingly in ...
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EIA: China imported record amounts of crude oil in 2023

SAFETY4SEA 17 Apr 2024
... oil production. Industry analysts believe that much of the oil shipped from Iran to China was relabeled as originating from countries such as Malaysia, the United Arab Emirates, and Oman to avoid U.S.
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Blacklisted ship manager Beks resumes Russia trades under fresh flags

Tradewinds 17 Apr 2024
Sanctioned Turkish operator Beks Ship Management has continued hauling Russian oil with two-thirds of its tanker fleet ...
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Geopolitical strife and commodity volatility: Inflation impact?

The Jakarta Post 17 Apr 2024
Consequently, this year, global logistics costs are seen to escalate amid higher oil prices and disrupted shipping routes ... The rising global oil prices could also directly impact domestic inflation through potentially higher fuel oil (BBM) costs.
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What the march higher in oil means for world markets

Business Day 17 Apr 2024
The IMF on Tuesday described an “adverse scenario” in which an escalation of conflict in the Middle East would lead to a 15% jump in oil prices and higher shipping costs that would hike global inflation by about 0.7 percentage points.
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MSC Works to Release Crew and Cargo from Ship Seized by Iran

The Maritime Executive 17 Apr 2024
Portugal reported that its foreign office had summoned the Iranian ambassador and demanded the immediate release of the crew and the ship ... TankerTrackers.com located the ship in the Khuran Straits near three seized oil tankers.
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US signals Venezuela oil sanctions relief at risk as deadline looms

Philenews 17 Apr 2024
The Biden administration has signaled that it could reimpose oil sanctions on Venezuela on Thursday in response to what U.S ... Among the steps they considered was allowing Venezuela to continue shipping oil but reimposing a ban on the use of U.S.
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