Tonnage Oversupply Still Blocking VLCCs’ Rebound, While Product Tankers Still Not Seeing the Expected Positive Effect From LSFO Capacity Expansions

Despite the fact that ship owners appeared to be pushing for higher VLCC rates over the course of the past week, a rebound in freight rates wasn’t able to be materialized, as a result of abundant tonnage availability. In its latest weekly report, shipbroker Charles R. Weber said that “VLCC rates...

https://www.hellenicshippingnews.com/tonnage-oversupply-still-blocking-vlccs-rebound-while-product-tankers-still-not-seeing-the-expected-positive-effect-from-lsfo-capacity-expansions/

Djibouti Government Nationalizes Port Company

The Republic of Djibouti has nationalized the company that owns a majority stake in the Port de Djibouti SA (PDSA). This latest move in its clash with DP World follows an order from the President issued on September 9 which calls for the immediate nationalization of all the shares and social rights of PDSA in the Doraleh Container Terminal (DCT) joint venture with DP World. 

This government says that the decision aims to protect the fundamental interests of the nation of Djibouti and the...

https://www.maritime-executive.com/article/djibouti-government-nationalizes-port-company

Six Royal Navy Sailors Arrested During High-Profile Port Call

Shortly after the Royal Navy's new carrier HMS Queen Elizabeth arrived at Naval Station Mayport, Florida, six of her crew were arrested for drunk and disorderly conduct – including two who were tasered after allegedly resisting arrest. The poor behavior allegedly included public urination, fighting, pushing an officer, and refusing to be handcuffed. 

According to Sgt. Larry Smith of the Jacksonville Beach Police Department, the sailors started a brawl with each other, not with local residents....

https://www.maritime-executive.com/article/six-royal-navy-sailors-arrested-during-high-profile-port-call

Yemeni Navy Seizes Houthi Drone Boat

The UAE-backed Yemeni Navy claims to have intercepted and seized a booby-trapped, explosives-laden boat launched by Houthi rebels. 

According to UAE media outlet Khaleej Times, the Yemeni Navy intercepted the boat as it was on its way to intercept a merchant ship in the Red Sea. A Yemeni military source claimed that the boat was making about 30 knots. 

The claim mirrors a report from the UAE/Saudi coalition in late August. According to coalition spokesman Col. Turki al-Maliki, the force foiled a...

https://www.maritime-executive.com/article/yemeni-navy-seizes-houthi-drone-boat