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By Paul Burkhardt (Bloomberg) –Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a frontier area. The Odfjell Deepsea Stavanger has left Bergen in Norway for the southern tip of Africa, Africa Energy Corp., Total’s partner in the project,

The car carrier Höegh Xiamen has been declared a total loss following a fire that broke out onboard last month in Jacksonville, Florida, its owner announced Friday. Norway-based Ocean Yield ASA said it expects to receive insurance proceeds in Q3 2020 of about USD 26 million, which is close to the book value of the vessel. Net

By Roslan Khasawneh SINGAPORE, July 3 (Reuters) – Global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said. Third-quarter supply is estimated to rise by 620,000 barrels per day (bpd) from

By Jonathan Saul LONDON, July 3 (Reuters) – Djibouti has carried out the first crew change of merchant sailors in its territory and is ready to get home more seafarers who have been stranded by the coronavirus, a senior port official said. Lying on the Bab al-Mandab strait, which is one of the world’s busiest

Press Release – David Loy Stewart Sr, 72, of Mt. Pleasant, South Carolina, husband of the late Judy Ann Detyens Stewart entered into eternal rest Tuesday, June 30, 2020. A private graveside service will be held in Mount Pleasant Memorial Gardens. Arrangements by J. Henry Stuhr, Inc. Mount Pleasant Chapel. Loy was born September 15, 1947

The Coast Guard continues to investigate the loss of 21 shipping containers from the barge Ho Omaka Hou off Hilo, Hawaii. All cargo was successfully removed from the barge over the weekend and it returned to Honolulu Monday, where a further damage assessment is being conducted. Twelve containers of have still not been located. Nine

By Nina Chestney LONDON, July 2 (Reuters) – A global goal to achieve net zero carbon emissions by 2050 will not be met without a huge acceleration in clean energy innovation, the International Energy Agency (IEA) said on Thursday. The 2015 Paris Agreement set a target to curb global warming and reach net zero emissions

OSLO, July 2 (Reuters) – Pirates attacked an oil production vessel off Nigeria in the early hours of Thursday and kidnapped nine Nigerian nationals, the ship’s owner BW Offshore said. The Sendje Berge ship was undergoing maintenance when the attack happened, BW Offshore’s Chief Financial Officer Staale Andreassen told Reuters. The Oslo-listed company said none

By Timothy Gardner and Daphne Psaledakis WASHINGTON, July 2 (Reuters) – U.S. prosecutors late on Wednesday filed a lawsuit to seize the gasoline aboard four tankers that Iran is shipping to Venezuela, the latest attempt by the Trump administration to increase economic pressure on the two U.S. foes. The government of Venezuela’s socialist President Nicolas

By Laila Kearney NEW YORK, July 1 (Reuters) – Crude exports from the Louisiana Offshore Oil Port (LOOP) are hitting a record high even as U.S. crude exports have fallen as the coronavirus pandemic has chopped worldwide fuel demand. Oil majors Royal Dutch Shell Plc and BP Plc are the main winners from rising LOOP

Finnish technology group Wärtsilä will be conducting what it says it the world’s first long-term, full-scale testing of ammonia fuel in a marine four-stroke combustion engine. The project, which is made possible with more than $2 million grant from the Norwegian Research Council through the DEMO 2000 program, builds on Wärtsilä’s previous research on ammonia

By Firat Kayakiran (Bloomberg) –The cost of moving commodities like coal and iron ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question. Rates for giant capesize ships climbed to almost $31,000 a day on Wednesday, almost certainly