By Serene Cheong (Bloomberg) — The latest standoff between the U.S. and Iran may be leaving oil-tanker owners in more of a bind than in previous years. As the U.S. reimposes sanctions on the Islamic Republic, firms that help ferry Iranian oil risk losing access to the American financial system, similar to earlier in the […]
Breaking News
Trump Backs Away From China Deal Under Pressure by Trade Hawks
By Jenny Leonard and Saleha Mohsin (Bloomberg) — President Donald Trump is backing away from the trade agreement the U.S. just announced with China, under pressure from China hawks among his supporters and in Congress who have assailed the accord as a capitulation. “Our Trade Deal with China is moving along nicely, but in the end we […]
Saudi-Led Coalition Destroys Houthi Boats Targeting Tanker in Red Sea
DUBAI, May 23 (Reuters) – A Saudi-led military coalition foiled attacks by explosives-laden speedboats deployed by Yemen’s Iran-aligned Houthi movement against commercial vessels, including an oil tanker, in the Red Sea, Saudi and Emirati state media said on Wednesday. United Arab Emirates (UAE) state news agency WAM reported that UAE coalition forces had destroyed two […]
Pirate Attacks Grow in South America and Caribbean, Report Shows
By Jonathan Saul LONDON, May 23 (Reuters) – Pirate attacks around South American and Caribbean waters are growing, and violence is increasingly used during robberies committed on vessels at anchor, a report showed on Wednesday. The Oceans Beyond Piracy (OBP) non-profit group recorded 71 incidents in Latin America and the Caribbean in 2017, a 163 […]
Knud E Hansen to Design Hybrid RoRo for Grimaldi Group
Danish naval architecture firm Knud E Hansen has been selected to design six modern roll-on/roll-off vessels for Grimaldi Group. The new vessels will have a length of 238 meters, a beam of 34 meters and a gross tonnage of 64,000 tonnes. Each will have the capacity to transport over 7,800 linear meters of rolling units, […]
Norway Rejects Plan for Fish Farm on ‘World’s Largest Ship’
OSLO, May 22 (Reuters) – Norway’s Directorate of Fisheries has rejected Pure Atlantic’s application for 45 salmon farming development licenses, arguing that the plan did not bring significant innovation to the industry, it said in a letter dated May 16. Pure Atlantic had planned to construct what would have been the world’s largest ship, some […]
Editorial: What I Want For National Maritime Day
As founder of gCaptain, I first want to thank all Veterans of the US Merchant Marine. Our definition of veteran includes all who have served in any capacity aboard US Flagged ships. We deeply honor the veterans of World War II for their undeniable service as veterans but also consider US Merchant Mariners who have risked […]
