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Iran expected to ship first LNG in late 2018

Teheran - Only weeks after the world heard news of a revival in Iran’s ambitious plans to get a foothold in the global market of liquefied natural gas (LNG), speculations are now emerging that the country’s first consignments of the strategic fuel could flow to markets in 12 months’ time.

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Reported incidents during mandatory underwater inspections in Venezuela

Caracas - In the recent past drug smuggling has been accomplished (in Venezuela) by attaching packages of drugs to the hulls of unsuspecting vessels.

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Germany’s top banks step up efforts to offload toxic shipping debt

Berlin - Two finance sources with knowledge of the matter said Deutsche Bank, Germany’s flagship lender, is looking to ringfence at least $250 million of distressed shipping loans and package them in a unit within the group, with a view to selling the debt going forward.

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U.S. destroyer slightly damaged in collision with tug off Japan -U.S. Navy

Washington - “No one was injured on either vessel and Benfold sustained minimal damage, including scrapes on its side, pending a full damage assessment,” a statement from the U.S. Seventh Fleet said.

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Port of Genoa, VTE plans pre-announcement for trucks

Genoa - CEO Danesi: “With the new cranes, we’ve achieved record productivity and traffic levels in 2017”