More Bosphorus Trouble: Vessels Collide Near Northern Entrance – INCIDENT PHOTOS

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Another incident to report today involving ships in or near Turkey's Bosphorus Strait. Turkish maritime authorities have confirmed that the tanker Paros Wind and the bulk carrier CS Jaden collided Monday night at about 11:30 p.m. approximately 8 nautical miles from the northern entrance in the Bosphorus Strait. Both vessels were damaged in the collision and assisted … [Read more...]

World’s Top Oil Trader Sees $40-$60 a Barrel in 2016

Photo: Shutterstock/Nightman1965

  By Javier Blas and Will Kennedy (Bloomberg) -- Oil prices will remain at $40 to $60 a barrel into 2016 as rising crude supplies overwhelm demand, according to the world’s largest independent oil trader. The oil-production surplus means stockpiles will keep expanding for “the next few quarters” and excess inventories won’t clear until 2017 at the earliest, Vitol … [Read more...]

President Obama Wants More Heavy Icebreakers

The Coast Guard Cutter Polar Star is the United States only operational heavy icebreaker. U.S. Coast Guard Photo

  By Roberta Rampton ANCHORAGE, Alaska, Sept 1 (Reuters) - President Barack Obama on Tuesday proposed a faster timetable for buying a new heavy icebreaker for the U.S. Arctic, where quickly melting sea ice has spurred more maritime traffic and the United States has fallen far behind Russian resources. The move, part of a push to convince Americans to support … [Read more...]

Ship Photos of the Day – Building the Marlins, The World’s First LNG Containerships

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The second of two Marlin-class containerships was launched over the weekend at the General Dynamics NASSCO shipyard in San Diego where the vessels are being built for TOTE Maritime. The two ships are the first containerships in the world to be powered by liquified natural gas (LNG), which will help reduce NOx emissions by 98 percent, SOx by 97 percent, carbon dioxide by 72 … [Read more...]

Deal Reached in MyFerryLink Dispute

MyFerryLink car and passenger ferries cross outside the harbour in Calais, northern France, June 24, 2015. REUTERS/Christian Hartmann

  PARIS, Aug 31 (Reuters) - A deal was reached on Monday to save hundreds of ferry jobs at the northern French port of Calais, the French transport minister said, ending a dispute that has disrupted traffic through the Channel Tunnel linking France and Britain. Workers at ferry service MyFerryLink had intermittently blocked the port and the tunnel in recent weeks in … [Read more...]

Orkim Harmony Pirate Mastermind Caught

Photo shows the pirates painted over the name of the vessel, changing it to KIM HARMON. Photo: Royal Malaysian Navy

The suspected mastermind behind the hijacking of an Orkim product tanker earlier this year off Malaysia has been arrested outside Indonesia's capital city of Jakarta. Indonesian media and the Navy reported Monday the arrest of Albert Yohanes, a man suspected of being the mastermind behind the hijacking drama of the MT Orkim Harmony in June. The Malaysian-flagged Orkim … [Read more...]

Keppel Acquires Cameron’s Jack-Up Rig Business

keppel shipyard shipbuilding singapore

Singapore's Keppel Offshore & Marine, the world's largest rig builder, says it has entered into an agreement for the acquisition of Houston-headquartered Cameron International Corporation's offshore rigs business for $100 million. The acquisition, which was made through Keppel's wholly owned subsidiary Keppel Offshore & Marine USA, comprises Cameron's trademarked … [Read more...]