Ship Photos of the Day – Shell’s Arctic Fleet

Shell Alaska has deployed a wide range of vessels in support of its 2015 exploratory drilling at the Burger Prospect in the Chukchi Sea off the northwest coast of Alaska. The fleet consists of two drilling rigs and 29 vessels, including anchor handlers, barges, ice management units, landing craft/crew boats, offshore supply vessels, oil spill […]

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CMA CGM Bourgainville

French Flag’s Largest Ship Enters Service

French shipping company CMA CGM has put into service the 400-meter-long CMA CGM Bourgainville, the world’s largest containership sailing under the French flag. The containership, delivered by Samsung Heavy Industries on August 26th, is the fourth vessel in CMA CGM Group’s 18,000 TEU series of containerships named after famous explorers. The vessel has now entered […]

Photo: Hapag-LLoyd

Hapag-Lloyd IPO Timing in Doubt

  FRANKFURT, Sept 4 (Reuters) – German container shipping group Hapag-Lloyd has taken further steps in preparation of a stock market listing and has mandated more banks for the move, but it remains undecided on the timing of the deal, people familiar with the situation said. Credit Suisse, Citi and HSBC have been asked to […]

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Slurry Oil Spill on Mississippi River Could Be 250,000 Gallons

The U.S. Coast Guard says that up to 250,000 gallons of clarified slurry oil could have spilled following a towboat collision on the Mississippi River near Paducah, Kentucky on Wednesday, downgrading earlier estimates of as much as 1.05 million gallons. The spill comes after a two towboats collided at 8:22 p.m. Wednesday at mile marker […]

Photo credit: Sinotrans

Sinotrans to Merge with China Merchant Group, Report Says

  By Jasmine Wang (Bloomberg) — Sinotrans Ltd. and Sinotrans Shipping Ltd., controlled by China’s second-biggest commodity-shipping company, jumped in Hong Kong trading on a report about a merger between China Merchants Group and their parent. Sinotrans Shipping rose as much as 19.9 percent, the most in more than six years, on Friday before narrowing […]