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euronav famenne vlcc

Euronav to Raise $175 Million with New York Listing

On January 20, 2015 By Reuters
Belgian crude oil shipping group Euronav said on Tuesday that it was going ahead with its plan to list shares on the New York Stock Exchange in a public offering worth some $175 million.
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island innovator drilling rig

Island Innovator Spuds-In Off Stavanger

On January 20, 2015 By Rob Almeida
The Island Innovator semi-submersible started turning to the right at PL674BS within the Zulu prospect located approximately 100 kilometers west of Stavanger and approximately 30 kilometers northeast of the Johan [...]
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johan sverdrup

Kvaerner Wins Johan Sverdrup Jacket Contract

On January 20, 2015 By Rob Almeida
In the southern part of the Norwegian sector of the North Sea in 110 meters of water is the Johan Sverdrup field,  one of the largest discoveries ever made on the [...]
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viking vision

Video From Inside a Crew Change Helicopter Crash

On January 19, 2015 By Rob Almeida
Shockingly, it appears that all eight people on board survived this helicopter crash. Although there’s no date associated, it seems this video depicts the crash of a crew change helicopter [...]
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Reuters reports that shippers loaded 12 foreign-flagged tankers to help relieve the storm-battered U.S. Northeast under the Jones Act waiver. Under the waiver the cargoes must be unloaded no later than November 20.

Petition to Protect the Jones Act from Congressional Attack

On January 19, 2015 By gCaptain
A gCaptain Forum member launched a petition yesterday on “We The People” to gather support to protect the Merchant Marine Act of 1920, aka the Jones Act, which in a [...]
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Photo courtesy Crowley Maritime Corporation

Crowley to Increase Jones Act Puerto Rico Trade Capacity Amid Horizon Lines Exit

On January 19, 2015 By Mike Schuler
Jacksonville-based Crowley Maritime Corporation has announced plans to increase capacity for its U.S. mainland to Puerto Rico service amid Horizon Line's recent exit from the trade.
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Suhail bin Mohammed al-Mazroui

UAE Oil Minister Says Low Oil Prices Won’t Last For Long

On January 19, 2015 By Reuters
he United Arab Emirates oil minister said on Monday that the drop in oil prices was unlikely to last for long and that the country would not alter its energy strategy because of the price fall.
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golar lng carrier tanker

Golar LNG CEO Doug Arnell to Resign

On January 19, 2015 By Rob Almeida
For Golar LNG’s CEO Doug Arnell, it’s been a good ride. For the past four years his company has increased its market cap 400 percent and grown to be a [...]
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Port of Shanghai file photo (c) Shutterstock/chungking

Shanghai Widens Lead as World’s Busiest Container Port

On January 19, 2015 By Bloomberg
Shanghai retained its title as the world’s busiest container port for a fifth consecutive year after widening the gap with its closest rival Singapore.
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abb azipod

Star Cruises’ Newbuilds to Feature ABB Azipod XO Technology

On January 19, 2015 By Rob Almeida
Star Cruises’ new ships under construction at Meyer Werft shipyard will powered by ABB’s latest generation Azipod XO propulsion technology, according to a press release by the Switzerland-based power and automation technology [...]
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rem forza

DeepOcean Signs Long Term Charter for Subsea Construction Vessel

On January 19, 2015 By Rob Almeida
Norwegian subsea contractor DeepOcean AS is hoping to sign a major contract at the end of this week according to Chief Financial Officer Dennis de Vreede. In the meantime however, [...]
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rongsheng heavy industries shipyard shipbuilding

China Ocean Shipping Gains Financing for 53 New Ships

On January 19, 2015 By Reuters
China Ocean Shipping (Group) Company has received a $1.75 billion loan from the Export-Import Bank of China to buy 53 new ships, which it plans to order from Chinese shipyards, the firm said on Monday.
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Shanghai Waigaoqiao Shipbuilding

China’s Shipyards Brace for Leaner Times as Oil Slump Sours Rig Building Spree

On January 18, 2015 By Reuters
For China's shipyards, the oil rig market that was supposed to be a blessing is in danger of becoming a curse
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Screen-shot-2013-08-02-at-7.40.19-AM

Ghanian Naval Forces Free Pirated Tanker After Tracking Device Activated

On January 18, 2015 By Reuters
Ghana's navy has freed a tanker ship hijacked off the coast of Nigeria and arrested eight pirates believed to be responsible for seizing it, a military spokesman said on Sunday.
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