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Greece oil spill: Crew of cleanup vessel arrested on fuel smuggling charges

Greek authorities say they have arrested the captain and chief mechanic of a ship that was taking part in a cleanup operation after an oil tanker sank and polluted Athens’ coastline. The Merchant Marine Ministry said Wednesday the two were arrested on fuel smuggling charges on Tuesday afternoon. Their tanker ship, the Lassaia, was carrying oil pumped into it from the wreck of the Agia Zoni II tanker, which sank on Sept. 10 while anchored near Greece’s main port of Piraeus. The tanker had a cargo of 2,200 tons of ...

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Maxim Group Reaffirms Buy Rating for Seanergy Maritime Holdings Corp (SHIP)

Maxim Group reissued their buy rating on shares of Seanergy Maritime Holdings Corp (NASDAQ:SHIP) in a report released on Thursday morning. The brokerage currently has a $2.00 price target on the shipping company’s stock. Shares of Seanergy Maritime Holdings Corp (NASDAQ:SHIP) opened at 1.18 on Thursday. The stock’s market capitalization is $40.46 million. Seanergy Maritime Holdings Corp has a 1-year low of $0.58 and a 1-year high of $8.65. The firm’s 50-day moving average is $0.96 and its 200-day moving average is $0.85. Seanergy Maritime Holdings Corp (NASDAQ:SHIP) last posted ...

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First LNG bunkering ship-to-ship by Coralius to Fure West

For the first time the Skangas’ Coralius bunkered liquefied natural gas (LNG) to a vessel. The operation took place on international waters, Northern Kattegat, in the middle of the sea between Frederikshavn, Denmark and Gothenburg, Sweden. “The bunkering of Fure West confirmed that Coralius delivers in accordance with what she is built for”, says Kimmo Rahkamo, CEO of Skangas. “This is a key milestone in our history of developing the LNG availability. We are happy working together with our customer Furetank for this first of several upcoming ship-to-ship bunkerings.” The ...

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Positive performance by Ernst Russ AG

Ernst Russ AG, Hamburg, is consistently and successfully continuing its course of strategic realignment and restructuring. This is confirmed by the positive half-year figures. Revenue for the first half of 2017 increased year-on-year from EUR 17.0 million to EUR 20.8 million. Especially noteworthy is that revenue in the shipping management more than doubled from EUR 4.1 million to EUR 8.6 million. With operating earnings of EUR 2.1 million (H1 2016: EUR 0.6 million) and net income of EUR 3.1 million (H1 2016: EUR 0.8 million), the positive trend of recent ...

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Ship security: Cyber security code of practice

This Code of Practice should be read by board members of organisations with one or more ships, insurers, ships’ senior officers (for example, the Captain/Master, First Officer and Chief Engineer) and those responsible for the day-to-day operation of maritime information technology (IT), operational technology (OT) and communications systems. It does not set out specific technical or construction standards for ship systems, but instead provides a management framework that can be used to reduce the risk of cyber incidents that could affect the safety or security of the ship, its crew, ...

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Jamaica Deposits Instrument Of Accession To The Ballast Water Management Convention

Jamaica deposited its instrument of accession to the Ballast Water Management Convention on September 11. Ballast water is used to control the stability of a ship to ensure its safe operation when it is empty or partially loaded, and the convention seeks to prevent and reduce the transfer of harmful aquatic species and pathogens carried in ballast water. Over 10 billion tonnes of ballast water are transported annually and the invasive alien species in ballast water not only poses serious environmental risks, but significant public health risks in the form ...

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Fifth vessel with coal from South Africa for DTEK arrives in Ukraine

The fifth bulk carrier with 75,000 tonnes of anthracite from South Africa for Prydniprovska and Kryvy Rih thermal power plants (TPP) of DTEK Energy has arrived in Ukraine, the company’s press service has said. According to its data, two bulk carriers with imported anthracite are being unloaded at the port, which will allow the company’s TPPs to accumulate resources for stable operation during the heating season. The process of unloading the MIN SHENG 1 ship will take approximately three days. At the same time, the Semiramis bulk carrier with 80,000 ...

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Slovakia: SNS wants national shipping line

Slovakia could have its own national carrier that would transport goods by ships. This is one of the plans of the Slovak National Party (SNS) which has already introduced the idea of creating a national airline. The Party’s State Secretary for Transport, Peter Ďurček confirmed to the Denník N daily that they have already started working on the project. The national carrier may be introduced in 2020. The specific promise to establish a national carrier on water is expected to appear among the priorities prepared by the coalition parties after ...

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Athenian Shipbrokers S.A. DEMOLITION QUICK UPDATE Week 37, 2017

The demolition market continued to improve on the back of increased appetite for preferred units with the Pakistani market recording

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Vietnam: Seaport industry’s growth rate twice as much as global rate

The high number of imports of input materials and exports of finished products by foreign invested enterprises (FIEs) has led to an increased growth rate for the seafood industry. Fred Burke from Baker & McKenzie Law Firm in Vietnam said the country is a model for international trade as it started in 1990 with no transactions to become one of the world’s leading exporters in garments and footwear, rice, coffee, spices, wooden furniture, and electronics and software. The global economic integration has brought business opportunities to all fields in the ...

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Russia to supply 600,000 T of wheat to Venezuela

Russia will supply around 600,000 tonnes of wheat to Venezuela in the current marketing year ending next June, Russia’s agriculture minister told Reuters, deepening the Kremlin’s support for Venezuela’s troubled economy. Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro agreed a grain supply deal in May, providing a lifeline to the South American country which has faced soaring bread prices in recent years and queuing at bakeries has become common. The supplies to Venezuela will be carried out as part of commercial contracts between Russian and Venezuelan state ...

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Iran sees oil exports rising as joint fields get a boost

Iran’s oil exports, currently more than 2.6 million barrels per day (bpd) including gas condensate, will increase in the second half of the year amid a rise in production capacity, a senior official says. “At present, the country’s crude oil production is more than 3.8 million barrels per day, which according to plans will rise to 4.96 million by the end of the year (in March 20, 2018),” Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said. Further increases in production capacities will occur in the coming ...

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September Basrah Light imports at LOOP rebound from August hiatus: In the LOOP

The Louisiana Offshore Oil Port has received a flurry of Iraqi crude imports in the past few weeks, with more expected, which could be behind a recent 30% jump in open interest on the CME’s LOOP Sour futures contract. In the initial two weeks of September, LOOP has received 2.135 million barrels of Iraqi Basrah Light in three imports, according to Platts Analytics and the latest US Customs data available. Marathon was the consignee for 550,000 barrels of 28.4 API Basrah Light, which arrived September 5 on the tanker Dilong ...

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Qatargas to sell annual 1.5 mln tonnes of LNG to Turkey’s Botas

State-run Qatargas, the world’s largest producer of liquefied natural gas (LNG), has signed a medium-term sales and purchase agreement with Turkey’s Botas to deliver 1.5 million tonnes of LNG each year for three years, it said on Wednesday. Qatargas said it would supply the LNG from Qatargas 2 to either the Egegaz LNG Terminal, the Marmara LNG Terminal or the Etki LNG terminal in Turkey. “We are very pleased to announce this new agreement with Botas, which will further strengthen our relationship with our friends in Turkey,” said Qatargas Chairman ...

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NMDC’s total iron ore production at 13.18 mn tonnes

NMDC’s total iron ore production stood at 13.18 million tonnes whereas its sales stood at 14.99 million tonne up to the month of August 2017, according a BSE filing by the company on Tuesday. Production and sales in the Chattisgarh sector stood at 8.12 million tonnes and 9.32 million tonnes, respectively, whereas in Karnataka sector, production and sales were at 5.06 million tonnes and 5.67 million tonnes, respectively. NMDC was trading at Rs 132.70 per share, down by Rs 0.50 or 0.38% as at 1204 hours on Tuesday, on the ...

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