World Wide Supply's PSV World Diamond. Photo credit: Damen Shipyards

Norway’s World Wide Supply Unable to Make Debt Interest Payment

OSLO, Nov 26 (Reuters) – Norwegian offshore supply vessel owner World Wide Supply will not be able to make a scheduled interest payment on its debt on Nov. 27, the shipping firm said on Thursday. Companies serving the oil industry are suffering from weak demand as oil companies cut back on investments and exploration to […]

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Pioneering Spirit arrives in Rotterdam in January 2015.  Photo: KOTUG International B.V.

WATCH: Awesome Drone Video of Pioneering Spirit in Rotterdam

At 382 meters long by 123.75 meters wide, Allseas’ twin-hulled installation/decommissioning and pipelay vessel Pioneering Spirit (ex-Pieter Schelte) is one of the largest vessels ever constructed. Here’s a unique look at the ship in Rotterdam from the folks over at Drone Addicts:


ClassNK Releases New Guidance for Large Containerships Following MOL Comfort Loss

International classification society ClassNK has released new guidance for large containerships more than two years after the loss of the MOL Comfort in the Indian Ocean in June 2013. The draft amendments address hull girder strength with consideration to the effect of lateral loads and whipping, as well as amends direct strength calculations for container […]

MV North Star. Photo: Canadian Coast Guard

TOTE Maritime’s MV North Star Breaks Down Off British Columbia

Tote Maritime’s MV North Star spent more than half a day adrift Tuesday off the coast of British Columbia, Canada. The Canadian Coast Guard reported late Tuesday that the cargo ship lost propulsion and was adrift near the coast of Haida Gwaii. The MV North Star has since regained power and is no longer adrift. […]


Finding El Faro: Joint Team Searches For (And Finds) El Faro

By Mass Communication Specialist 2nd Class John Paul Kotara II, All Hands Magazine El Faro, a U.S.-flagged vessel, and its 33 crewmen vanished in the seas of Hurricane Joaquin off the coast of the Bahamas Oct. 1. To locate the vessel investigators from the National Transportation Safety Board (NTSB) and U.S. Coast Guard were supported […]

new suez canal

Egypt to Complete East Port Said Side Channel by June 2016

CAIRO, Nov 25 (Reuters) – Egypt plans to complete a side channel in East Port Said, near the Suez Canal, that would speed up shipping and allow ships direct entry into the port by the end of June 2016, Mohab Memish, head of the Suez Canal Authority, said on Wednesday. The new channel dredging will […]

Photo: APM Terminals

Top-Ranked Analyst Now Says Buy Maersk After Stock Got Pummeled

By Christian Wienberg (Bloomberg) — The top-ranked analyst covering A.P. Moeller-Maersk has turned bullish on the stock. Investors who listened to Frans Høyer over the past year have made 32 percent on their Maersk bets, the best performance of the 29 analysts tracked by Bloomberg and double the return rate delivered by the second-best forecaster. […]