SBM Offshore to Cut 300 More Jobs

File photo: SBM Offshore

AMSTERDAM, May 7 (Reuters) - SBM Offshore, the Dutch oil and gas platform leasing company, said on Thursday it was cutting 300 jobs in addition to the 1,200 redundancies it announced last year, saying the low oil price had led clients to postpone investment decisions. The company, which has already been fined a record $240 million by Dutch authorities over improper payments to … [Read more...]

Disaster Statistics – Ship Losses Reach 10 Year Low

The Hoegh Osaka car carrier aground on the Bramble Bank in the Solent estuary, near Southampton in southern England January 5, 2015. REUTERS/Peter Nicholls

Martime disasters including high profile incidents - such as the Costa Concordia disaster, Sewol ferry sinking and Norman Atlantic ferry fire - have made banner headlines in recent years but, interestingly, the overall number of ships lost at sea is declining. Back in 2007, 170 large vessels were lost and this fell to just 75 in 2014, according to a new report by Allianz Global … [Read more...]

“New” Shipwrecks Appearing In Lake Michigan’s Unusually Clear Water

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During a routine US Coast Guard patrol in April, assisted by unusually clear visibility, an aircrew captured these amazing photos of newly emerging shipwrecks along the Lake Michigan shoreline. These photos were taken near Sleeping Bear Point northeast along the shoreline to Leland, Michigan up to Northport. Information on the shipwrecks is scarce, the USCG is asking all … [Read more...]

History’s 10 Most Famous Oil Spills

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Have you ever been curious about history of oil spills? Or wonder what was the most famous or the largest oil spill in history? Do you know all the facts like Exxon Valdez's Captain, Joesph Hazelwood, never had his captains license revoked and it remains valid to this date? To put the recent Deepwater Horizon mega-spill and the smaller Cosco … [Read more...]

UN To Investigate The Impact Of High Seas Fishing

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Fish populations have declined significantly over the past 60 years as a result of overfishing and a new study suggests a culprit: fishing on the high seas. The study, published March 25 in the Public Library of Science Biology peer-reviewed journal was conducted by professors Crow White of Cal Poly and Christopher Costello, of UC Santa Barbara who used computer simulation … [Read more...]