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AFTER U.S. BUST, FOUR TANKERS TURN AROUND INSTEAD OF CALLING IN VENEZUELA

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Venezuela's oil exports are coming under heavy pressure after the U.S. seized the VLCC Skipper off the country's shores last week. The boarding netted 1.85 million barrels of oil and one 20-year-old supertanker for...

Derating

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Derating A vessel’s engine and propeller are optimized and designed for a given operational and max. speed. If the operational speed of the vessel is generally lower...

KOREAN MAJORS LED BY SINOKOR AND HMM FORGE ALLIANCE TO DEVELOP NUCLEAR-POWERED SHIPS

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Korean industry majors, led by shipping heavyweights HMM and Sinokor, have joined forces on the development of nuclear-powered ships. The Memorandum of Understanding (MoU) was signed earlier today by representatives of Gyeongju city, the Gyeongbuk...

23 RESCUED AFTER FISHING VESSEL CAPSIZES OFF MARSHALL ISLANDS

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Authorities in the Marshall Islands have reported the successful rescue of all 23 occupants of a foreign-flagged fishing vessel that capsized and sank near the capital Majuro late last week. Yap Seagull, a tuna purse...

IRAN OIL CARGO PREVIOUSLY SEIZED BY U.S. UNLOADS IN SYRIA

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An Iranian-flagged tanker on Friday delivered an oil shipment to Syria, which the United States had previously confiscated around Greece, ending months of uncertainty about the cargo, a ship tracker said. The seizure from the...

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