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Tugboat maneuver the Costa Concordia towards its berth in the port of Genoa, July 27, 2014. REUTERS/ Stefano Rellandini

Prosecutor Seeks 26 Year Prison Sentence for Costa Concordia Captain

On January 26, 2015 By Reuters
An Italian prosecutor asked a court on Monday to sentence the captain of the Costa Concordia cruise liner to more than 26 years in jail for his role in the 2012 disaster that killed 32 people.
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hsh nordbank

HSH Nordbank Sees $1.7 Billion in Bad Shipping Debt Deals

On January 26, 2015 By Bloomberg
HSH Nordbank AG, the world’s largest financier of ships, is stepping up efforts to unload billions in bad debt racked up during a seven-year glut in the global container fleet.
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A winter storm approaching the eastern United States is seen in a NOAA GOES satellite image released January 26, 2015. REUTERS/NOAA/Handout via Reuters

Northeast Braces for Possibly ‘Historic’ Winter Storm, Coast Guard Urging Mariners to Take Precautions

On January 26, 2015 By gCaptain
The U.S. Coast Guard is urging mariners and coastal communities from New York City up through New England to take precautions in preparation for a possibly record-breaking winter storm.
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oceanographia osa goliath vessel

Oceanografia Bondholders Suffer Collateral Damage

On January 26, 2015 By Bloomberg
When Mexico seized oil contractor Oceanografia SA a year ago over loan-fraud allegations, at least one class of creditors took solace: those with claims to Goliath, a ship worth about $245 million, or 53 percent more than what they were owed.
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Maersk Mckinney Moller containership

Triple-E Containership Hauls Record Load

On January 26, 2015 By gCaptain
Maersk Line reports they have upped the bar today for the most containers ever loaded on to a ship. The Maersk Mc-Kinney Moller left Algeciras today with the world-record load [...]
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Team Vestas Wind

Maersk Stockholm Arrives in Genoa with Wrecked Hull of Team Vestas Wind

On January 26, 2015 By Rob Almeida
Not sure if all the king’s horses and all the king’s men can put Team Vestas Wind back together again… but we hope they do. The hull arrived this morning [...]
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crimea

Marlow Navigation: No Paycheck for Crimean Seafarers

On January 26, 2015 By Rob Almeida
Marlow Navigation, the Cyprus-based crew management firm says “there is presently no possibility to arrange any transfer of funds to seafarers and / or beneficiaries with addresses in Crimea,” according [...]
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dp world

Asia-Europe Container Shipping Rates Skyrocket

On January 26, 2015 By Reuters
Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 24.6 percent last week
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bonga fpso

SPOTD: Supporting the Bonga FPSO

On January 26, 2015 By gCaptain
Today’s ship photo of the day comes from offshore Nigeria by gCaptain contributor Andrey Vakarchuk. In the above photo taken on 25 January 2015, one of the cranes on board [...]
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lng carrier night ice-class

Rep. Garamendi Pushes for U.S.-Flagged LNG Carriers as Gazprom Signs Supply Deal

On January 26, 2015 By Rob Almeida
While President Obama met with India last week to discuss clean energy and climate change mitigation initiatives, Russian energy giant Gazprom was signing commercial contracts to supply the subcontinent with [...]
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lng carrier tanker natural gas

Egypt Awards $2.2 Billion LNG Shipping Deal

On January 25, 2015 By Reuters
Egypt's state gas board has awarded a $2.2 billion tender to import 75 cargoes of liquefied natural gas (LNG) to four international firms
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boudicca fred olsen

Fred Olsen Cruise Ship Suffers Engine Room Fire Off Morocco

On January 25, 2015 By Rob Almeida
The cruise ship Boudicca, owned by Fred Olsen Cruise Lines, suffered a fire in her engine room at around 4am this morning while sailing off the coast of Casablanca, Morocco. [...]
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cosco

China’s COSCO Group Returns to Profit in 2014

On January 24, 2015 By Reuters
China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday
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Seven Seas Explorer illustration courtesy Regent Seven Seas

Keel Laid for ‘World’s Most Luxurious Ship’

On January 23, 2015 By gCaptain
Italian shipbuilding group Fincantieri has laid the keel for what is being described as the “world’s most luxurious ship.” The first building block for Regent Seven Seas Cruises’ Seven Seas [...]
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