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Merchant Ships Attacked and on Fire off Ukraine
Merchant ships continue to be targeted in the escalating Russian war on Ukraine while security analysts are warning vessels to leave the area due to the increased danger. The crew of a small chemical tanker was forced to abandon ship with at least two members of the crew reportedly seriously injured while Ukrainian officials posted pictures of damage from a reported missile that struck a second vessel both anchored off Ukraine... -The Maritime ExecutivePosted On:26-Feb-2022
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Widespread shipping fallout following Ukraine invasion
Bunker prices rose sharply yesterday as Russian troops invaded Ukraine on several fronts. The cost of fuel reflects the most immediate impact on shipping of the conflict. However, in the weeks ahead, analysts predict a broad fallout from Russia’s aggression which has generated widespread condemnation and protests too from ordinary Russian people... -Seatrade Maritime NewsPosted On:26-Feb-2022
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Tanker Rates Soar Alongside War Risk Premiums
Oil tanker rates are soaring globally as traders scramble to cope with jitters over possible disruption in Russian supplies, as well as war risk premiums for ships plying the Mediterranean region following Moscow’s invasion of Ukraine. Shipowners are also grappling with higher fuel costs after oil prices soared nearly $2 per barrel on Friday, with Brent LCOc1 back above $100... -gCaptainPosted On:26-Feb-2022
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Nine Airlifted From Burning Jack-up in Dramatic Sabine Pass Rescue
The U.S. Coast Guard rescued nine people Thursday from a burning jack-up drilling rig near Sabine Pass, Texas. Sector Houston-Galveston watchstanders received a notification at 12:51 p.m. from a dredger in the area that the Pride Wisconsin rig was on fire in Sabine Pass with nine people aboard... -gCaptainPosted On:26-Feb-2022
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Piracy still a multi-layered threat despite decrease in incidents
PIRACY incidents have reached record lows globally, but emerging piracy hotspots are reinforcing the ongoing threat to seafarers, according to Nautilus International. Saffiyah Khalique, a writer for Nautilus International, said piracy still has mental and physical impacts for seafarers in high-risk areas, as well as economic impacts for coastal states and shipping companies... -Daily Cargo NewsPosted On:26-Feb-2022
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Ukraine conflict adds to supply-chain woes as firms halt work
International companies from cigarette makers to auto manufacturers and beverage bottlers are shutting down production in Ukraine as Russian armed forces roll into the country, adding further strain to fragile global supply chains. Bottling company Coca-Cola HBC shut down operations in the country and sent staff home, joining a growing list of firms including Carlsberg AS, Nestle SA and AB InBev Efes, to halt local production because of the fighting... -American Journal of TransportationPosted On:26-Feb-2022
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ICS: Russian and Ukrainian seafarers make up 14.5% of global shipping workforce
The International Chamber of Shipping (ICS), representing 80% of the world’s merchant fleet, has warned of supply chain disruption should the free movement of Ukrainian and Russian seafarers be impeded. The Seafarer Workforce Report, published in 2021 by BIMCO and ICS, reports that 1.89 million seafarers are currently operating over 74,000 vessels in the global merchant fleet... -Offshore EnergyPosted On:26-Feb-2022
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US imposes sanctions on Russia’s largest shipping company
Russian state-owned shipping company Sovcomflot (SCF Group) has been hit with the newest sanctions imposed by the United States in response to Putin’s “war of choice” against Ukraine. On 24 February, the US took action to respond to Russia’s further invasion of Ukraine by imposing economic costs that are expected to have both immediate and long-term effects on the Russian economy, financial system and access to new technology... -Offshore EnergyPosted On:26-Feb-2022
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US Sanctions UAE-Based Shipmanager for Helping Houthi Rebels
On Wednesday, the U.S. Department of the Treasury blacklisted a shipmanager for allegedly helping an Iranian-run network to funnel millions of dollars into Yemen for use by the Houthi rebel group. The network, run by Iran’s Islamic Revolutionary Guard Corps and by Houthi financier Sa’id al-Jamal, has helped underwrite Houthi missile and drone strikes on neighboring countries, according to the Treasury... -The Maritime ExecutivePosted On:26-Feb-2022
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The Importance of Physical & Mental Wellbeing in the Marine Sector
In the marine sector, maintaining the physical and mental wellbeing of all parties involved is of paramount importance. This of course includes passengers and any onsite guests, but it is important not to forget about the seafarers and crew aboard a vessel who work tirelessly to maintain and manage the physical infrastructure of the ship. Without them, the maritime industry would grind to a halt... -News AnywayPosted On:26-Feb-2022
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Tanker with Russian crew in distress in Black Sea
The Russian crew of a tanker under a Moldovan flag is in distress in the Black Sea, the Moldovan Maritime Agency reported on Friday. "The ship Millenial Spirit IMO Nr. 7392610 (chemical tanker) under the flag of the Republic of Moldova while in the neutral waters of the Black Sea (46°22.221’N, 031°07.095’E) was hit by a shell (from an unknown direction)," the report said... -TASSPosted On:26-Feb-2022
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Turkish bulker hit by bomb off Odessa arrives in Turkey
A Turkish-owned, Marshall Islands-flagged bulk carrier was hit by a bomb off the coast of Odessa at the onset of the Russian invasion of Ukraine on 24 February 2022. The ship in question is the 77,529 cbm Yasa Jupiter, the Turkish Maritime General Directorate confirmed. After unloading cargo in the Port of Odessa, the Black Sea, Yasa Jupiter was hit by a bomb, however, it sustained only minor damages... -Offshore EnergyPosted On:26-Feb-2022
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Japanese bulk carrier hit by missile, count of stricken ships rising to 3, Ukraine
Japanese bulk carrier NAMURA QUEEN was hit by Russian missile on Feb 25 at Yizhniy Port outer Anchorage, Ukraine, Black sea, according to ship’s agent report. Superstructure was hit, inflicting serious damages. 2 or more crew were injured, there was fire, which reportedly, is already extinguished... -FleetmonPosted On:26-Feb-2022
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Passenger ship fire in engine room, Chittagong
Fire erupted in engine room of passenger ship BAY ONE shortly after midnight Feb 25, 16 nm south of Chittagong, Bangladesh. The ship left Chittagong with some 1,000 passengers on board, bound for St Martin’s island, Cox’s Bazar, Bangladesh. Fire was extinguished by crew, several crew said to suffer injures... -FleetmonPosted On:26-Feb-2022
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