Explosion at Petrobras Bunker Fuel Plant Kills Two

Photo: Arnaldo Jr / Shutterstock.com

RIO DE JANEIRO, Aug 26 (Reuters) - A heating unit at a Petrobras depot in Brazil used to treat fuel for ocean-going ships exploded on Wednesday, killing two workers, the state-run oil company said in a statement. The blast and resulting fire broke out about 10 a.m. (1300 GMT) while workers were doing planned maintenance on the heating unit, said the press office of BR … [Read more...]

Ship Photos of the Day – Record Launch at Ulstein

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On Tuesday night, yard number 302, an offshore construction vessel for Island Offshore and Edison Chouest Offshore, was launched from the dock hall at Ulstein Verft shipyard in Norway. Measuring close to 160 meters in length and with at beam of 30 meters, the vessel is the largest offshore vessel so far from Ulstein Verft. The vessel is owned by Island Ventures … [Read more...]

VIDEO: The Azipods Used to Propel the World’s Largest Cruise Ships

ABB Azipods

Here's a look at the ABB Azipod's used to propel the newest and largest ships in Royal Caribbean's fleet and many other vessels - both cruise ships and others - around the world. On Royal Caribbean's Oasis of the Seas and Allure of the Seas, the world's largest cruise ships, the vessels are equipped with a tailor-made electrical propulsion system comprising three … [Read more...]

Singapore Fines Bunker Firm Over Illegal Supply

Ships in Singapore harbor. Photo: Shutterstock/joyfull

  JL Petroleum Pte Ltd has been fined after pleading guilty in court last week for supplying bunkers in the Port of Singapore without a valid license, the Maritime and Port Authority of Singapore (MPA) said Wednesday. The special bunker supplier license is required under regulation 64(b) of the Maritime and Port Authority of Singapore (Port) Regulations. The company … [Read more...]

Rapid Response Team to Combat Piracy in Malacca and Singapore Strait

A Police Coast Guard vessel patrols the shipping lanes near freight ships off the coast of Singapore in this March 4, 2010 file photo.  REUTERS/Vivek Prakash/Files

  By Keith Wallis SINGAPORE, Aug 26 (Reuters) - Malaysia and Indonesia are deploying rapid reaction teams to combat a soaring number of attacks on merchant vessels in one of the world's busiest shipping chokepoints, a Malaysian admiral said. Over 70 ships have been attacked in the Malacca and Singapore straits, on the western side of the Malay Peninsula, this … [Read more...]

Hapag-Lloyd Kicks Cost-Savings Plan Into High Gear Ahead of IPO

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  Nicholas Brautlecht (Bloomberg) -- Hapag-Lloyd AG, Germany’s biggest container- shipping line, widened a cost-reduction target by $100 million and brought it forward by two years amid plans for an initial public offering in coming months. Annual spending cuts should now reach $400 million as of 2017 as the Hamburg-based company reaps the benefits of a merger … [Read more...]

Hard-Hit Transocean Looks to Scrap Dividend

Transocean's Discoverer Americas drillship. Photo (c) MarineTraffic/

  By Joe Carroll (Bloomberg) -- Transocean Ltd., the offshore oil-rig operator that lost two-thirds of its value in the past year, plans to cancel its dividend and record 2 billion Swiss francs ($2.1 billion) in asset impairments as free-falling crude prices slash demand for drilling vessels. Transocean said it will host an extraordinary general meeting of … [Read more...]