South Korean Containership Rescues Four Sailors Adrift in a Life Raft
The South Korean shipping company Janggeum Marine, part of the Sinokor Group, shared the details of the rescue of four crewmembers of a tugboat that was lost in Indonesian waters.
The Maritime Executive
Argentina’s Pilots Resume Work After Government Suspends Deregulation Order
Operations were resuming at Argentina’s ports and along the key inland shipping lanes after pilots walked off the job in response to efforts by the government to deregulate operations in the ports, including the requirement to use pilots.
Seafarer Killed as Russia Strikes Two More Black Sea Ships
The nearly daily attacks on Ukraine’s seaports and commercial shipping are continuing, with reports that two more vessels were struck and at least one seafarer killed on August 6.
Oil Slicks and a Burning Ship Show the Toll of the Hormuz Crisis
Sentinel-2c satellite imagery taken on August 5 off the northern tip of Oman’s Musandam Peninsula shows the extent of damage inflicted on shipping and Oman’s coastline as a consequence of Iranian IRGC drone and anti-shipping cruise missile attacks.
Trump Administration to Pay RWE $1.22B in Fifth Deal to End Offshore Wind
Germany’s energy giant RWE and the Trump administration have reached a settlement agreement that calls for the Department of the Interior to pay RWE $1.22 billion to relinquish three U.S. offshore wind leases and instead invest in LNG energy projects.
US Treasury Deals Iranian Sanctions Buster SeaLead an Exemplary Blow
In late July, Singapore and Dubai-based SeaLead Shipping filed for voluntary liquidation. The company had long been a target of the United States for sanction busting, but it is a more involved tale, highlighting the depth of the Iranian schemes.