US hits Iran with new sanctions targeting commanders, shipping

The United States targeted Iranian and Houthi commanders and a vessel that shipped more than $100 million in Iranian commodities to businesses in China in sanctions announced on Tuesday.

Mohammad Reza Falahzadeh, Deputy Commander of Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), and Ibrahim al-Nashiri, a member of Yemen’s Houthi militia, were designated under the sanctions, the Treasury Department said.

The Iranian military has provided weapons and intelligence support to the Houthis that support the group’s attacks on international shipping in the Red Sea, the department said in a statement.

The department designated Cap Tees Shipping Co., Ltd, which owns and operates a vessel used to ship Iranian commodities that were sold to support both the Houthis and the IRGC-QF, it said.

Shipping risks have escalated due to repeated Houthi drone and missile strikes in the Red Sea and Bab al-Mandab Strait since November in support of Palestinians in Gaza. U.S. and British forces have responded with several strikes on Houthi facilities but have so far failed to halt the attacks.

On Tuesday, the U.S. also imposed sanctions against two companies that run a vessel that shipped more than $100 million in Iranian commodities to businesses in China on behalf of Iran’s defense ministry, the Treasury Department said.

Tehran’s defense ministry orchestrated the shipment in January aboard the Panamanian-flagged vessel Kohana, which is owned by Hong Kong-registered Kohana Company Limited and operated by the Marshall Islands-registered Iridescent Co Ltd, the department said in a statement.

Britain also added five new designations under its Iran sanctions regime and one under its Yemen sanctions regime, a government notice showed on Tuesday.

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Vitol Bunkers takes delivery of first biofuel barge in Singapore | Maritime Crew

Vitol Bunkers said Feb. 22 it has taken delivery of its first biofuel bunker barge, the Marine Future, at the port of Singapore, paving the way for the company to expand its footprint in the marine biofuels market in Asia.

“The addition of this specialized IMO type 2 notation bunker tanker to the V-Bunkers fleet will uniquely make it possible to supply biofuel blends including B24, B30 and up to B100, depending on customer specifications,” the company said in a statement.

“Should there be demand, this vessel can also be re-configured in the future to supply methanol,” Mike Muller, head of Vitol Asia said.

Built in China, the Marine Future is 102.6 m in length and has the capacity to carry about 7,000 mt of biofuels, Vitol Bunkers said.

The current fleet of bunker tankers in Singapore are classified as ‘oil tankers’ and are therefore restricted to a maximum 25% bio component in biofuel blends. This new bunker tanker has no such restriction and can deliver bunker fuels consisting of 100% bio component, or B100, the company said.

In December 2023, Vitol said it had successfully completed its first biofuel delivery in Fujairah. The fuel was sourced from its Fujairah-based refinery FRL and blended with regionally-sourced biofuel at VTTI storage facilities.

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 IN THE SAME YEAR, ‘SEAJOB.TV’ WAS UNVELIEVED TO PROVIDE VIDEO COVERAGE OF NUMEROUS EVENTS OF THE SHIPPING COMMUNITY WHICH CAN BE VIEWED ON SEAJOB.NET BY SEAFARERS GLOBALLY.

THE COMPANY HAS BEEN GROWING STEADILY, CONSTANTLY ENHANCING ITS SERVICES, PROVIDING MARINE JOBS, RIG JOBS, DREDGER JOBS, SHIPPING JOBS AND DIVERSIFYING IN ORDER TO REMAIN AT THE PINNACLE OF BUSINESS AND FURTHER STRENGTHEN ITS CORE ETHOS TO DELIVER COMMENDABLE EXPERIENCE TO THE CLIENTS.

THE SUPPORT AND ENCOURAGEMENT EXTENDED BY THE PATRONS SERVE AS THE DRIVING FORCE WHICH PROPELS US FORWARD IN THE PATH OF SUCCESS. THIS DRIVES US WITH THE INNATE SENSE OF RESPONSIBILITY TO RENDER OUR SERVICES PROFESSIONALLY WITH EFFICIENCY AND PROMPTNESS.

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 IN NOVEMBER 2015, SEA LINE GROUP INTRODUCED ITS MOBILE APP CALLED ‘SEAJOB MOBILE APP’ AVAILABLE ON BOTH IOS AND ANDROID PLATFORMS FOR THE EASE OF SEAFARERS. THIS APP SERVES AS A CONVENIENT MODE FOR SEAFARERS TO REGISTER, UPDATE THEIR PROFILE OR APPLY WITH COMPANIES OF CHOICE ON SEAJOB.NET.

AS THE COMPANY MOTTO GOES ‘EXCELLING TO EXCEED EXPECTATIONS’, SEA LINE GROUP CATAPULTED ITS BRAND WITH ‘SEAJOB INDIAN ANCHOR AWARDS 2018’ – AN AWARD CEREMONY TO COMPLEMENT AND HONOUR THE MARINE FRATERNITY AND ITS STALWARTS. THE CEREMONY PROVED TO BE AN EVENING UNLIKE ANY OTHER, MARKING A MILESTONE IN ITS JOURNEY OF 15 YEARS AND COUNTING!

IN THE SAME YEAR, ‘SEAJOB.TV’ WAS UNVELIEVED TO PROVIDE VIDEO COVERAGE OF NUMEROUS EVENTS OF THE SHIPPING COMMUNITY WHICH CAN BE VIEWED ON SEAJOB.NET BY SEAFARERS GLOBALLY.

THE COMPANY HAS BEEN GROWING STEADILY, CONSTANTLY ENHANCING ITS SERVICES, PROVIDING MARINE JOBS, RIG JOBS, DREDGER JOBS, SHIPPING JOBS AND DIVERSIFYING IN ORDER TO REMAIN AT THE PINNACLE OF BUSINESS AND FURTHER STRENGTHEN ITS CORE ETHOS TO DELIVER COMMENDABLE EXPERIENCE TO THE CLIENTS.

THE SUPPORT AND ENCOURAGEMENT EXTENDED BY THE PATRONS SERVE AS THE DRIVING FORCE WHICH PROPELS US FORWARD IN THE PATH OF SUCCESS. THIS DRIVES US WITH THE INNATE SENSE OF RESPONSIBILITY TO RENDER OUR SERVICES PROFESSIONALLY WITH EFFICIENCY AND PROMPTNESS.

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About us | Maritime Union of India | Marine Jobs | All Types of Marine Jobs

 SEA LINE GROUP WAS FOUNDED BY MR. RONI ABRAHAM, A MARINE ENGINEER WAY BACK IN MARCH 2004. THE COMPANY’S FIRST VENTURE WAS A SHIPPING JOB PORTAL — WWW.SEAJOB.NET WHICH WAS INTRODUCED IN JUNE 2004 AND TODAY IT ENJOYS THE NO.1 POSITION IN SHIPPING. OVER THE YEARS, THE WEBSITE HAS TRANSPIRED WITH THE HIGHEST NUMBER OF MARINE OFFICERS REGISTERED WITH THE PORTAL TO SEIZE THE BEST EMPLOYMENT OPPORTUNITIES WITH THE MOST ESTEEMED SHIPPING/MANNING COMPANIES OF INDIA.

SEAJOB.NET IS HIGHLY RECOGNIZED AND ACCEPTED BY THE INDIAN SHIPPING FRATERNITY AS THE MOST PROFESSIONAL, SAFE AND SECURE SEAFARERS’ JOBS PORTAL. IT ALSO BEARS THE FLAG OF THE MOST EFFECTIVE ADVERTISING PLATFORM FOR THE COMPANIES AND INSTITUTES IN THE SHIPPING SPHERE.

AFTER THE REVOLUTIONARY SEAJOB.NET, THE COMPANY LAUNCHED ITS FORTNIGHTLY MAGAZINE NAMED ‘SEAANDJOB’ IN MAY 2007 WHICH BECAME A HOUSEHOLD NAME IN NO TIME. IT IS DEEMED AS INDIA’S NO. 1 SHIPPING MAGAZINE, WIDELY CIRCULATED ALL OVER INDIA AND POSSESS A LARGE DATABASE OF SUBSCRIBERS FROM VARIOUS VERTICALS IN THE INDUSTRY. APART FROM ADS, THE MAGAZINE DELIVERS INFORMATIVE AND INTERESTING ARTICLES THAT COVERS THE SHIPPING WORLD AND BEYOND.

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THE SEAJOB STORY — Our Past and Our Future

 SEA LINE GROUP WAS FOUNDED BY MR. RONI ABRAHAM, A MARINE ENGINEER WAY BACK IN MARCH 2004. THE COMPANY’S FIRST VENTURE WAS A SHIPPING JOB PORTAL — WWW.SEAJOB.NET WHICH WAS INTRODUCED IN JUNE 2004 AND TODAY IT ENJOYS THE NO.1 POSITION IN SHIPPING. OVER THE YEARS, THE WEBSITE HAS TRANSPIRED WITH THE HIGHEST NUMBER OF MARINE OFFICERS REGISTERED WITH THE PORTAL TO SEIZE THE BEST EMPLOYMENT OPPORTUNITIES WITH THE MOST ESTEEMED SHIPPING/MANNING COMPANIES OF INDIA.

SEAJOB.NET IS HIGHLY RECOGNIZED AND ACCEPTED BY THE INDIAN SHIPPING FRATERNITY AS THE MOST PROFESSIONAL, SAFE AND SECURE SEAFARERS’ JOBS PORTAL. IT ALSO BEARS THE FLAG OF THE MOST EFFECTIVE ADVERTISING PLATFORM FOR THE COMPANIES AND INSTITUTES IN THE SHIPPING SPHERE.

AFTER THE REVOLUTIONARY SEAJOB.NET, THE COMPANY LAUNCHED ITS FORTNIGHTLY MAGAZINE NAMED ‘SEAANDJOB’ IN MAY 2007 WHICH BECAME A HOUSEHOLD NAME IN NO TIME. IT IS DEEMED AS INDIA’S NO. 1 SHIPPING MAGAZINE, WIDELY CIRCULATED ALL OVER INDIA AND POSSESS A LARGE DATABASE OF SUBSCRIBERS FROM VARIOUS VERTICALS IN THE INDUSTRY. APART FROM ADS, THE MAGAZINE DELIVERS INFORMATIVE AND INTERESTING ARTICLES THAT COVERS THE SHIPPING WORLD AND BEYOND.

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JB Rae-Smith elected UK Chamber of Shipping President | Rig Jobs

Today international shipping industry veteran, JB Rae-Smith was elected as President of the UK Chamber of Shipping, taking over from Graham Westgarth.

JB Rae-Smith is a member of the John Swire & Sons Executive Committee, and the majority of his career has been with the Swire Group’s marine interests. He graduated from Cambridge University with a degree in engineering and joined the Swire Group management training programme. He has lived in Australia, Papua New Guinea, Japan, Taiwan, Hong Kong, the United States and Singapore. In 2016 JB returned to the United Kingdom and is Chairman of United States Cold Storage and a Director of a number of the Group’s private businesses.

Before being elected as President, JB has served as the Chamber’s Vice President since 2022. Karrie Trauth, Senior Vice President, Shipping and Maritime at Shell, has now been elected to this role.

Commenting on his election JB said:

“I’m delighted to be elected as President of the UK Chamber of Shipping.

“Shipping faces a number of challenges in the years ahead as we speed up the pace of decarbonisation, improve seafarer welfare and the rising risk to security of the global supply chain. At the same time, we need to continue to play a central role in the country’s economic and social wellbeing.

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Asia spot LNG prices dip on tepid demand, healthy stocks | Cruise Ship Jobs

Asian spot liquefied natural gas (LNG) prices dipped this week, remaining below $10 per million British thermal units (mmBtu) for the fourth week running, with a limited outlook for recovery due to tepid demand and strong inventories.

The average LNG price for March delivery into north-east Asia LNG-AS lost $0.10 this week to $9.50/mmBtu, industry sources estimated.

“The winter is slowly coming to an end, and traders are shifting their focus towards the filling season and the next winter,” said Hans van Cleef, chief energy economist at PZ – Energy Research & Strategy.

“Although there is still a risk that a cold front could hit either Europe or Asia resulting in a jump in demand, this risk is diminishing rapidly,” he added.

Some parts of north-east Asia has seen some demand, especially China, but this is generally expected to slow in the coming days on the back of the Lunar New Year holiday, said Samuel Good, head of LNG pricing at commodity pricing agency Argus.

Good added that north-east China is still expected to have a cold end to its heating season, with overnight temperatures from mid-February until at least late March set to remain several degrees Celsius below long-term averages, suggesting scope for a short delay to the typical end of the region’s heating season in mid-March.

In Europe, benchmark Dutch gas prices eased to their lowest levels in two weeks as weather forecasts turned milder and Norwegian gas flows recovered after outages curbed supplies earlier this week.

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Equinor CEO points to increasing industrial gas demand in Europe | Cruise Ship Jobs

Norway’s state-controlled Equinor is paying close attention to signs of industrial gas demand recovery in Europe as part of its monitoring of the global gas market, CEO Anders Opedal said Feb. 7.

Speaking to reporters following the release of the company’s fourth-quarter results, Opedal also pointed to demand increases in Asia.

“We see some interesting signs in terms of demand recovery,” Opedal said, noting rising gas consumption in China as well as a 10% increase in industrial demand in Europe, particularly in France and Germany. “We pay attention to the demand recovery in Europe and increased demand in Asia.”

Opedal also said the weather remained a key factor determining gas market dynamics.

“When we are watching the gas market going forward, we are looking at the weather — based on both the temperature for gas demand but also the production of renewables,” he said.

He added that gas storages were at “OK levels” currently following a mild winter.

European gas storage sites were filled to 68.6% of capacity as of Feb. 5, according to the latest data compiled by Gas Infrastructure Europe.

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Increase in LNG imports highlights Brazil’s impact on prices

The growing weight of Brazil in the global LNG market has been a driver in a push for more price transparency in the region, particularly amid the backdrop of an upcoming maintenance potentially driving up import demand and LNG prices, according to an S&P Global Commodity Insights analysis.

Brazil has typically been heavily dependent on hydroelectric power generation, but in the fall of 2021 the country was hit by severe droughts draining its hydroelectric resources, and as a result imported record LNG volumes from the US. This contributed to a run up in LNG prices with both Asia and the Atlantic left grappling for volumes in the tight market and the Platts-assessed DES Northwest Europe LNG Marker prices reached a then-record of $40.145/MMBtu on Oct. 5, 2021.

Prices have since come down and Platts, a part of S&P Global Commodity Insights, launched a DES Brazil assessment on Feb. 1 and assessed the market at $8.909/MMBtu, a 40 cents/MMBtu premium to the Northwest European marker.

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