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Saudi Crude Exports in May Fell to Lowest Since 2011

On July 17, 2014 By Bloomberg
Saudi Arabia, the world’s biggest oil exporter, shipped the least crude in almost three years in May as domestic refineries processed record amounts and power plants also increased consumption, official data showed.
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Screen Shot 2014-07-17 at 11.44.50 AM

KCA Deutag’s Ben Rinnes Heading to Angola

On July 17, 2014 By Rob Almeida
Aberdeen-based drilling contractor KCA Deutag announced today their jack-up rig Ben Rinnes has been awarded a two-year, $170 million contract by Sonangol Pesquisa e Produção, S.A. The contract comes with [...]
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Coast Guard safely transfers 118 people off grounded casino boat

Coast Guard Evacs 118 From Stranded Casino Ship – PHOTOS

On July 17, 2014 By Mike Schuler
Apparently the house doesn't always win.
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hmcs whitehorse

Admiral Orders Canadian Ship Home from RIMPAC Due to Bad Behavior

On July 17, 2014 By Rob Almeida
Heading off on deployment, or an extended exercise like RIMPAC 2014 is usually a bittersweet event. On one hand, you’re leaving home, personal space and families behind, but on the [...]
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malaysian navy

Boustead Holdings Wins $2.8 Billion Littoral Combat Ship Newbuild Order

On July 17, 2014 By Rob Almeida
The Malaysian Ministry of Defence has finalized new building plans today for six Second Generation Patrol Vessels with Littoral Combat Ship (LCS) capability for the Royal Malaysian Navy. The order [...]
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lng carrier samsung

Samsung Heavy Industries Wins Major LNG Carrier Order

On July 17, 2014 By Rob Almeida
Samsung Heavy Industries announced today in an exchange filing the winning of a 6-ship LNG carrier newbuild order for a total consideration of KRW 740.7 billion (USD $723,500,000). The order came [...]
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zim shipping logo

Zim Completes $3.4 Billion Restructuring

On July 17, 2014 By Reuters
Israel's biggest shipping firm Zim said it completed a more than $3 billion debt restructuring that will allow the company to capitalise on the recovery in global trade.
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amakusa island aground

Moon Saves the Day After Coal Carrier Runs Aground Off Canada [IMAGES]

On July 16, 2014 By Rob Almeida
Shortly after 10 p.m. on Monday, July 14th, the Prince Rupert Port Authority reports the 228-meter, 81,887 ton dwt bulk carrier Amakusa Island had run aground in Prince Rupert’s outer harbor. [...]
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Paul_N_Jaenichen_Sr

Jaenichen Confirmed as U.S. Maritime Administrator

On July 16, 2014 By gCaptain
The U.S. Senate has confirmed Paul “Chip” Jaenichen as Maritime Administrator of the U.S. Maritime Administration. Jaenichen has been with MARAD since July 2012 when he was appointed Deputy Maritime [...]
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89ispra_concordia-7619

Officials: Costa Concordia Water Quality Tests Show No Signs for Concern

On July 16, 2014 By Mike Schuler
Water samples taken in and around the refloated Costa Concordia shipwreck have shown no signs crtical levels of pollution, project officials confirmed Wednesday.
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oocl containership golden gate bridge sunset

Trans-Pacific Container Shipping Group Aims For Rise in Rates

On July 16, 2014 By Reuters
Container shipping companies were urged to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) with effect from Aug. 1, their organisation TSA said on Wednesday.
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bc ferries lng

LR Chosen to Class Canada’s New LNG-Powered Ferries

On July 16, 2014 By Rob Almeida
Following an RFP last December, BC Ferries awarded Gdansk-based shipyard Remontowa Shipbuilding a $165 million contract earlier this month to build three “Intermediate-class” dual fuel-powered ferries.  Lloyd’s Register (LR) announced [...]
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