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U.S. Court Orders EPA to Rewrite Ballast Water Discharge Rules

  By Jonathan Stempel NEW YORK, Oct 5 (Reuters) – A federal appeals court in New York ordered the government to rewrite its rules regulating the discharge of ballast water by ships, in a victory for environmental groups that said the rules were too lenient and threatened the nation’s waterways. The 2nd U.S. Circuit Court […]

The U.S. Coast Guard heavy icebreaker Polar Star. File Photo: U.S. Coast Guard

Russia and United States Square Off Over Arctic

  By David Axe Oct 5 (Reuters) – President Barack Obama’s recent trip to Alaska helped draw attention to global climate change – and to the national-security tensions that could result from a warming Arctic region. Surveyors believe that the seabed under Arctic waters could contain hundreds of billions of barrels of untapped oil. As […]

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Rolls-Royce Cuts 400 Marine Jobs as Oil Hits Offshore-Ship Sales

  By Christopher Jasper (Bloomberg) — Rolls-Royce Holdings Plc said it will cut another 400 jobs at its marine-engines arm as the oil-price decline continues to weigh on demand for the specialist offshore vessels that the business helps power. The cutbacks will save 40 million pounds ($61 million) a year, with incremental benefits from 2016 […]

fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon April 21. A Coast Guard MH-65C dolphin rescue helicopter and crew document the fire aboard the mobile offshore drilling unit Deepwater Horizon, while searching for survivors April 21. Multiple Coast Guard helicopters, planes and cutters responded to rescue the Deepwater Horizon’s 126 person crew. U.S. Coast Guard Photo

BP’s Record Gulf Oil Spill Settlement Tops $20 Billion

  By Rakteem Katakey, Del Quentin Wilber and Margaret Cronin Fisk (Bloomberg) — The value of BP Plc’s settlement with the U.S. government and five Gulf states over the Deepwater Horizon oil spill rose to $20.8 billion in the latest tally of costs from the U.S. Department of Justice. The settlement is the largest in […]

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Baltic Dry Index Slips as Demand Falls Across All Vessels

Oct 5 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday as demand dropped across all vessel categories. The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, dropped eight points, or 0.9 percent, […]