MSV Fennica. Photo: Shell Alaska

Shell Arctic Icebreaker Suffers Hull Damage in Alaska

  One of two icebreakers that will support Shell’s arctic drilling in the Chukchi Sea this summer is now stuck in Dutch Harbor after an underwater gash was discovered in its hull. The website Fuel Fix reports that the Finnish multipurpose icebreaker MSV Fennica was departing from Dutch Harbor, AK to the Chukchi Sea last Friday […]

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File photo (c) Shutterstock/donvictorio

Container Shipping ‘Lucky to Break Even’ in 2015, Drewry Says

A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to the Container Forecaster report published Tuesday by global shipping consultancy Drewry. Drewry’s new view of the market revises its earlier forecast that carriers would collectively generate profits of up to $8 […]

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Jack-Up Collapses at Maersk-Operated Al Shaheen Field Off Qatar

  A jack-up barge was badly damaged this week after it collapsed offshore Qatar at the Maersk Oil-operated Al Shaheen field in the Persian Gulf. Gulf International Services said Tuesday that the accident occurred on July 5th and involved its 2014-delivered jack-up barge “Rumailah”. The accident has been described as “punch-through incident”, which left the vessel tilting […]

Photo: Esvagt

Investment Firms to Buy Shipping Company Esvagt from Maersk

  COPENHAGEN, July 7 (Reuters) – Investment firms 3i Infrastructure and AMP Capital have agreed to buy Danish shipping company Esvagt for 4.1 billion Danish crowns ($607 million), aiming to tap growing demand for servicing offshore wind farms. Esvagt is being sold by Danish shipping and oil group A.P. Moller-Maersk, which controls 75 percent of […]

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Photo (c) gary yim /

U.S. Clears Carnival Cruises to Cuba

  By Christopher Palmeri (Bloomberg) — Carnival Corp., angling to become the first U.S. cruise operator to call on Cuba in 50 years, said the Treasury and Commerce departments approved its request to begin sailing there. If Carnival gets the OK from the Cuban government, the world’s largest cruise operator will start service in May […]

Part of the Alexander Spirit crew lead the rally in Devonport, Tasmania, July 6, 2015. Photo: Maritime Union of Australia

Cabotage Unraveled – Striking Tanker Crew Gains Support in Australia

  About 200 people took to the streets of Devonport, Tasmania Monday in support of the Australian crew of an oil tanker who are refusing to sail after being told they would be replaced low-cost foreign workers. The 36 crew members of the MT Alexander Spirit have been striking since last week after they were […]