Passenger Marine Transportation

LONDON, October 17 - On Friday, the United States, Singapore and Liberia called on U.N. Shipping Agency to delay adoption of a price for carbon on ships. This was after states failed to reach consensus in London during this week's talks. During discussions at the International Maritime Organization, the United States and Saudi Arabia strongly opposed a price on carbon emissions for shipping. The European Union continued to support this idea. Donald Trump, the U.S. president, called on IMO members to vote against it on Thursday, saying that Washington "will not stand for this new global green scam tax on...

U.S. officials and European sources have confirmed that the United States has warned countries not to accept a United Nations deal on cutting marine fuel emissions or else face tariffs and visa restrictions. The Trump administration wants to increase the economic power of the United States, which includes taking a larger role in global shipping. It has also used tariffs to force Washington's trading partners to offer better terms. In April, the International Maritime Organization of the U.N. (IMO) reached a draft agreement that would impose a charge on ships that violate global standards for carbon emissions. Washington withdrew from...

Executives involved in the project said that the joint venture, which is developing the first marine fuel station for liquefied gas on the U.S. Gulf Coast, has received the final permits. Construction will begin later this summer. LNG is seen as an alternative fuel that can reduce carbon emissions in the global shipping industry. The U.S. administration of President Donald Trump is looking to increase LNG exports in order to reduce Europe's dependence on Russian gas following the invasion of Ukraine by Moscow three years ago. The project wants to capitalize on a new market for U.S. Liquefied Natural Gas...

On Wednesday, U.S. president Donald Trump signed an Executive Order aimed at revitalizing U.S. Shipbuilding and reducing China’s grip on global shipping. For years, Republican and Democratic U.S. legislators have warned of China's increasing dominance in the seas as well as the diminishing U.S. navy readiness. The order instructs the U.S. trade representative to proceed with a plan, which includes charging U.S. docking fees for any ship in a fleet of vessels that are Chinese-built or Chinese flagged. Allies will also be encouraged to follow suit. The Department of Homeland Security is also required to enforce the collection of Harbor...

Three sources familiar with this matter say that U.S. president Donald Trump will sign an executive directive on Wednesday, aiming to re-energize U.S. shipbuilding while reducing China's hold on the global shipping sector. For years, Republican and Democratic U.S. legislators have warned of China's increasing dominance in the seas as well as the diminishing U.S. navy readiness. The draft executive order, seen by the, states that the U.S. will charge docking fees to any ship in a fleet of Chinese-built or Chinese flagged vessels. It also threatens to retaliate against allies who do not follow suit. Sources who declined to...

A diplomatic note stated that the United States had withdrawn from London talks on decarbonisation of shipping and Washington would consider "reciprocal actions" to offset any fees assessed to U.S. vessels. This week, delegates are meeting at the UN Shipping Agency's headquarters to discuss decarbonisation measures that will enable the shipping industry worldwide to achieve net zero emissions by "around 2020". A proposal submitted by a group of countries, including the European Union to the UN International Maritime Organization was aimed at reaching agreement on the first carbon levy in shipping for greenhouse gas (GHG). The United States has sent...

A diplomatic note stated that the United States had withdrawn from London's talks on decarbonisation of shipping and Washington would consider "reciprocal" measures to offset any fees levied to U.S. vessels. This week, delegates are in the UN Shipping Agency's headquarters for discussions on decarbonisation initiatives aimed at helping the shipping industry reach net zero emissions by "around 2020". A proposal submitted by a group of countries, including the European Union to the UN International Maritime Organization was aimed at reaching agreement on the first carbon levy in shipping for greenhouse gas (GHG). The United States has sent a diplomatic...

Six sources claim that the Trump administration may soften its proposed fee for China-linked vessels visiting U.S. port after receiving a lot of negative feedback. The industries said it could be financially devastating. Six sources familiar with the issue said that the six changes being considered include a delayed implementation as well as new fee structures aimed at reducing the cost of visiting Chinese vessels. Sources asked to remain anonymous due to the sensitive nature of the subject. The White House, and the Office of the U.S. Trade Representative(USTR), the government agency involved in the draft of the proposal, have...

Luxury yacht insurance coverage supplier OMAC is the provider on the hull for the Bayesian, a 56metrelong (184ft). sailboat, that was hit by a relentless storm on Monday, sinking. off the northern coast of Sicily, two sources with knowledge of. the matter stated. The syndicates providing insurance coverage include Travelers. Companies Inc, Navium Marine and Convex, while British. Marine is the security and indemnity (P&I) insurance supplier,. the sources stated. Reuters could not establish the value of the yacht or what. the worth of potential claims might be. Ships usually have P&I insurance coverage, which covers third-party. liability claims consisting...

Sources in the industry said that insurance rates for war risks increased after Ukrainian drones attacked two tankers headed to a Russian harbor. Fears of more attacks prompted insurers to raise their prices. Black Sea is vital for shipping grain, oil, and oil products. Bulgaria, Georgia and Romania, as well Russia and Ukraine, share its waters. Shipping and insurance sources reported that war risk rates, which are determined by each underwriter and are based upon the value of the vessel, have risen to 0.5% from 0.4% a week earlier for calls to Ukrainian port. Sources said that the war risk...

Shipping sources reported on Wednesday that commercial ships were sailing near Oman, and maritime agencies are advising them to avoid Iran's water around the Strait of Hormuz. The conflict between Israel, and Iran is at risk of escalating. Iran has threatened in the past to close down the Strait of Hormuz in response to Western pressure. The closure of the Strait of Hormuz could affect trade and global oil prices. Ships sailing to Hormuz have taken the latest precaution to reduce risks. They are now sailing near the coast of Oman for most of their journey. The Gulf of Oman...

On Wednesday, Iran and Israel both accused one another of endangering the commercial activity around the Gulf and Red Sea in the UN's Shipping Agency as their military conflict escalated. Iran's delegation said at a meeting of the International Maritime Organization security committee that Israel has recently extended its "unlawful attack" to include petrochemicals and gas infrastructures in Asalouyeh, along Iran's Gulf Coast. Iran's livestreamed statement to delegates of the IMO said that "These actions directly threaten international maritime security as well as the global energy supply chains." If the international community does not take immediate and concrete steps to...

Sources from maritime unions and maritime sources confirmed on Thursday that 200 seafarers stuck aboard 15 ships for weeks near the port of Ras-Isa in Yemen are now preparing to unload their cargoes and depart thanks to a truce agreement between Houthi militias and the U.S. Officials from the maritime sector said that the threat level for shipping was still high, given the Houthis' declaration that Israeli assets were open to attack, and the associated risks to shipping in general. In the past, ships with no connection to Israel were targeted and there was no guarantee of safe passage. On...

A merchant vessel reported being approached with making use of small arms fire in waters 92 nautical miles northeast of Eritrea's Massawa port in Red Sea waters adjacent to Yemen's coast, British maritime security company Ambrey said on Thursday. The UK Maritime Trade Operations (UKMTO) stated quickly after that it received a sighting report of a little boat with armed persons onboard, running in close proximity to a. small coastal truck, approximately 95 nautical miles. northeast of Massawa. Authorities are examining, UKMTO's advisory note added. No group has actually yet claimed the attack. The Iran-aligned Houthi militants have launched repeated....

According to data and shipping sources, Iran has sent small amounts of crude oil to destinations like Bangladesh and Oman. This is the latest indication that Tehran wants to maintain its output near to its highest level in five years. Iran's main revenue source is oil sales. The country has been trying to find ways to avoid U.S. sanctions imposed by former President Donald Trump in 2018 on Tehran's nuclear program. Iran is not subject to the output quotas of the Organization of Petroleum Exporting Countries. It is aiming at maximising production and exports. According to the semiofficial Mehr News...