U.S. Court Orders EPA to Rewrite Ballast Water Discharge Rules

Photo: IMO

  By Jonathan Stempel NEW YORK, Oct 5 (Reuters) - A federal appeals court in New York ordered the government to rewrite its rules regulating the discharge of ballast water by ships, in a victory for environmental groups that said the rules were too lenient and threatened the nation's waterways. The 2nd U.S. Circuit Court of Appeals on Monday said the Environmental … [Read more...]

Russia and United States Square Off Over Arctic

The U.S. Coast Guard heavy icebreaker Polar Star. File Photo: U.S. Coast Guard

  By David Axe Oct 5 (Reuters) - President Barack Obama's recent trip to Alaska helped draw attention to global climate change - and to the national-security tensions that could result from a warming Arctic region. Surveyors believe that the seabed under Arctic waters could contain hundreds of billions of barrels of untapped oil. As the North Pole becomes more … [Read more...]

Rolls-Royce Cuts 400 Marine Jobs as Oil Hits Offshore-Ship Sales

gunnerus rolls-royce permanent magnet azimuth thruster

  By Christopher Jasper (Bloomberg) -- Rolls-Royce Holdings Plc said it will cut another 400 jobs at its marine-engines arm as the oil-price decline continues to weigh on demand for the specialist offshore vessels that the business helps power. The cutbacks will save 40 million pounds ($61 million) a year, with incremental benefits from 2016 onwards, the London- … [Read more...]

BP’s Record Gulf Oil Spill Settlement Tops $20 Billion

fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon April 21. A Coast Guard MH-65C dolphin rescue helicopter and crew document the fire aboard the mobile offshore drilling unit Deepwater Horizon, while searching for survivors April 21. Multiple Coast Guard helicopters, planes and cutters responded to rescue the Deepwater Horizon’s 126 person crew. U.S. Coast Guard Photo

  By Rakteem Katakey, Del Quentin Wilber and Margaret Cronin Fisk (Bloomberg) -- The value of BP Plc’s settlement with the U.S. government and five Gulf states over the Deepwater Horizon oil spill rose to $20.8 billion in the latest tally of costs from the U.S. Department of Justice. The settlement is the largest in the department’s history and resolves the … [Read more...]

Baltic Dry Index Slips as Demand Falls Across All Vessels

Photo: Shutterstock/tcly

Oct 5 (Reuters) - The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday as demand dropped across all vessel categories. The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, dropped eight points, or 0.9 percent, to 881 … [Read more...]

Debris Found in Search for Missing Cargo Ship ‘El Faro’

The El Faro is shown in this undated handout photo provided by Tote Maritime in Jacksonville, Florida, October 2, 2015. Reuters/Tote Maritime

  Update (Monday, Oct. 5, 2015) - The U.S. Coast Guard has concluded that the American cargo El Faro likely sank in Hurricane Joaquin. A search for its 33 crewmembers continues Monday. One body has been found in the water. A heavily damaged lifeboat was also spotted. Monday Updates here: El Faro Likely Sank in Hurricane Update (Sunday, Oct. 4, 2015) - The … [Read more...]