WATCH: Greek Ferry Docking Like a Boss!

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Blue Star Ferry coming in hot! Hopefully this one makes up for all the other ferry docking and ship handling videos we have posted lately. And for all the fair weather comments, these videos below from gCaptain's archive show how Greek ferries do it in real conditions: High-Risk Ferry Docking in Greece Greek Ferry Loading Cars Looks Super Sketchy WATCH: … [Read more...]

Statoil Cuts Costs from Johan Sverdrup Development Plan

Johan Sverdrup rendering. Photo: Statoil

  OSLO, Sept 25 (Reuters) - Statoil has cut the initial costs of developing one of Norway's biggest industrial projects, the Johan Sverdrup oilfield in the North Sea, by 7 percent, partner Det norske said on Friday. With crude oil prices halving in a year, oil firms have been forced to reduce spending, putting the oil services industry under severe pressure to slash … [Read more...]

Viking Supply Ships Latest to Announce PSV Lay-Ups

PSV Idun Viking. Photo: Supply Supply Ships

  Swedish shipowner Viking Supply Ships says that due to the continued market the company is forced to lay up three platform supply vessels. The vessels impacted are Idun Viking, Frigg Viking and Nanna Viking. Viking said that since the crews for the vessels is provided by an external ship manager, the lay ups will not have any impact on employees of Viking Supply … [Read more...]

‘Victoria’ Salvage Continues Off Sweden

The Liberian-flagged MV Victoria aground off Sweden. Photo: Swedish Coast Guard

  Salvors have removed a total of 977,000 liters of heavy oil from the tanks of the grounded MV Victoria off Sweden, but the effort to refloat the vessel is taking longer than expected, the Swedish Coast Guard said Friday. The Coast Guard reports that the operation to transfer the oil to a tanker was completed Thursday and focus now shifts to removing some the … [Read more...]

Container Freight Rates Fall 31% on Week for Key Asia-Europe Trade Route

Photo: Sheila Fitzgerald /

  COPENHAGEN, Sept 25 (Reuters) - Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 31 percent to $313 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the third consecutive week of falling freight rates on the world's … [Read more...]

Soo Lock Closure Shows Need for Second Large Lock, Great Lakes Carriers Say

Soo Locks. Photo: U.S. Army Corps. of Engineers

  U.S.-flag Great Lake carriers are using a recent 20-day closer of a lock at the Soo Locks in Sault Ste. Marie, Michigan to highlight the need for a second lock large enough to accommodate the largest ships servicing the Great Lakes region. According to the Lake Carriers' Association, representing the 16 American companies that operate 56 U.S.-flag vessels … [Read more...]

Baltic Exchange Chief Executive to Step Down

Photo: Shutterstock/Aleksey Stemmer

  LONDON, Sept 25 (Reuters) - Jeremy Penn, chief executive of London's centuries old Baltic Exchange will step down next year, the exchange said on Friday. Penn, who took the helm as CEO in 2003 after previous top positions with international news agency Reuters, will leave next summer. "It has been a privilege to work for the interest of the Baltic, its members … [Read more...]