Photo: REUTERS/Stringer

Ship Photos of the Day – First Ships Cross New Suez Canal

  The first cargo ships crossed the new Suez Canal on Saturday in a test-run before it is officially inaugurated August 6th. The opening comes just 11 months after construction began on the $8 billion canal alongside the existing 145-year-old Suez Canal. The new canal is said to shave 11 hours off navigation time from about […]

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A picture of the treasure posted to the 1715 Fleet, LLC facebook page. Photo courtesy 1715 Fleet

Florida Family Hauls $1 Million Treasure from Sunken Spanish Armada

  By Barbara Liston ORLANDO, Fla., July 27 (Reuters) – A Florida family who has hunted treasure for years found more than $1 million worth of gold artifacts this summer from the wreckage of a 1715 Spanish fleet that sank in the Atlantic, according to a salvage company’s estimate. The find included 51 gold coins […]

The ocean-going ATB will have capacity for 4,000 m3 of LNG. Illustration: Jensen Maritime

Ocean-Going LNG Bunkering Barge Concept Receives Class Approval

  A new design for a liquefied natural gas (LNG)-bunkering articulated tug and barge unit (ATB) designed by Seattle-based naval architecture firm Jensen Maritime has been granted “approval in principle” by classification society American Bureau of Shipping (ABS). The designation establishes that Jensen’s vessel concept for the A1 Liquefied Gas Tank Barge is compliant in […]

Maib report 2014

UK Marine Accident Investigation Branch Releases 2014 Annual Report

The UK Marine Accident Investigation Branch (MAIB) has issued its annual casualty and incident report, providing information on what kept the branch busy during 2014. The report notes that in 2014, 1,270 accidents (casualties and incidents) were reported to MAIB involving 1,470 vessels. Of those, 33 accident involved only non-commercial vessels, 424 were occupational accidents […]

DSME Shipyard file photo: Shutterstock/Christopher Poe

South Korean Shipyards Struggling As Offshore Strategy Fails

  By Rose Kim, Jungah Lee and Michael S. Arnold (Bloomberg) — The deep-ocean strategy is coming back to bite South Korean shipyards. Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. — South Korea’s Big Three shipbuilders — ventured into offshore oil rigs starting around 2010. The goal […]

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A crane hangs over the first jacket structure installed to support a turbine for a wind farm in the waters of the Atlantic Ocean off Block Island (rear), Rhode Island July 27, 2015.      REUTERS/Brian Snyder

Offshore Wind Power Gets Foothold in U.S. With Rhode Island’s Deepwater Wind Project

  By Richard Valdmanis NEW SHOREHAM, Rhode Island, July 27 (Reuters) – Rhode Island’s Deepwater Wind began installing the foundations for North America’s first offshore wind farm on Monday, a milestone the company says could pave the way for an industry long established in Europe but still struggling with opposition in the United States. The […]


China Probing Car Carrier Lines on Antitrust Claims

By Bloomberg News (Bloomberg) — China’s top economic planning agency is investigating allegations of monopolistic practices by shipping lines that move vehicles, according to people familiar with the matter. The National Development and Reform Commission probe involves several companies but focuses on Japan’s Mitsui OSK Lines, Kawasaki Kisen Kaisha and Nippon Yusen KK because they […]