Tuesday, July 31, 2012
ECB President Mario Draghi
News

Oil Set for First Monthly Gain in Three on Stimulus Speculation

(Bloomberg) — Oil in New York headed for the first monthly increase since April before meetings of central bank policy makers to discuss the economy and

July 31, 2012
Total Views: 39

When A Ship Sinks, Is It Really ‘Women and Children First’?
Blog

When A Ship Sinks, Is It Really ‘Women and Children First’?

Researchers from Sweden’s Uppsala University have recently released some findings of a rather interesting study that dispel popular beliefs dating back

July 31, 2012
Total Views: 411

aker arctic china icebreaker
Engineering News

China Looks to Break the Ice with New Research Vessel

To meet the increased need of polar scientific research,  China’s State Oceanic Administration (SOA), Chinese Arctic and Antarctic Administration

July 31, 2012
Total Views: 228

Russia Plays Iran Sanctions Card in Caspian Port Dispute
Ports

Russia Plays Iran Sanctions Card in Caspian Port Dispute

(Bloomberg) — Russia is taking legal action to block companies controlled by Iran from acquiring the strategic Astrakhan port on the Caspian Sea in

July 31, 2012
Total Views: 42

News

IMO: North American Emission Control Area Comes Into Effect Tomorrow

The North American Emission Control Area (ECA), under the International Convention for the Prevention of Pollution from Ships (MARPOL), comes into effect from

July 31, 2012
Total Views: 70

safe scandinavia prosafe
News

Prosafe Wins $58 Million North Sea Contract for the Safe Scandinavia

Prosafe has been awarded a contract by an undisclosed client for the provision of the Safe Scandinavia accommodation support rig at a project in the British

July 31, 2012
Total Views: 144

New York City Prison Barge. Image (c) Robert Almeida/gCaptain
News

NYC’s Prison Barge – The Most Depressing Barge in the World?

New York City Prison Barge, The Vernon C. Bain Center (VCBC), is an 800-bed jail barge that is designed to handle inmates from medium- to maximum-security in

July 31, 2012
Total Views: 3467

vale china vloc rongsheng heavy industries
Engineering News

Rongsheng Heavy Faces Even Tougher Times, Market Value Has Fallen by Over $5 Billion

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd., which hasn’t announced any 2012 ship orders, may find winning deals even harder

July 31, 2012
Total Views: 138

hyundai tenacity containership
Finance

Danaos Stays in the Black While Market Uncertainty Holds the Containership Sector in Limbo

With an average contract duration of over 10 years, Greek containership owner, Danaos Corporation (NYSE: DAC) is largely protected from the fluctuations found

July 31, 2012
Total Views: 65

maersk line containership
News

MAERSK Line: “We Cannot Sustain Continual Losses”

MELBOURNE–A worldwide glut of containers and a fall in demand for shipped goods during the global financial crisis have pushed shipping prices to

July 31, 2012
Total Views: 85

NYK Lines LNG Carrier
Finance

NYK Lines to Reduce LNG Carrier and FPSO Expenditures By ¥100 Billion

TOKYO–Nippon Yusen KK (9101.TO) said Tuesday that it has slashed its investment to build new liquefied natural gas carriers and floating production,

July 31, 2012
Total Views: 52

wheatstone LNG chevron australia map
Finance

Japanese Consortium Gains Nearly $2 Billion in Financing for Wheatstone LNG Development

TOKYO–Japan Bank For International Cooperation has signed a contract to lend up to $1.927 billion dollars to a Japanese consortium that owns a minor

July 31, 2012
Total Views: 89

Monday, July 30, 2012
Improperly Installed Steering Equipment Caused 2011 Grounding of Brand New Bulker
Uncategorized

Improperly Installed Steering Equipment Caused 2011 Grounding of Brand New Bulker

Australia’s Transport Safety Bureau (ATSB) announced Monday that an improperly installed piece of steering gear caused the April 2011 grounding of a

July 30, 2012
Total Views: 60

Conditions Improve On Board MSC Flaminia

Conditions Improve On Board MSC Flaminia

The burnt out MSC Flaminia, along with the small flotilla of firefighting tugs, have anchored off the British coast as crews work to extinguish any leftover

July 30, 2012
Total Views: 34

Press Releases

ICS Raises Concerns Over Upcoming Ballast Water Regs

The International Chamber of Shipping (ICS), which represents all sectors and trades and over 80% of the world merchant fleet, has called on the International

July 30, 2012
Total Views: 27

oscilla frontline vlcc
News

Bunker Prices are Still Crushing Shipowners as Asian VLCCs Post Huge Net Losses

(Bloomberg) — Losses widened for oil tankers hauling 2 million-barrel crude cargoes on the industry’s benchmark route to Asia from the Persian Gulf

July 30, 2012
Total Views: 33

Last Pieces of MV Tycoon Hauled Off Christmas Island
Uncategorized

Last Pieces of MV Tycoon Hauled Off Christmas Island

More than six months after wrecking on the jagged cliffs of Australia’s Christmas Island, the last remaining pieces of the M/V Tycoon have been removed

July 30, 2012
Total Views: 226

rongsheng heavy
News

Rongsheng Shipbuilding Chairman Tied to CNOOC-Nexen Insider Trading Scandal

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. plunged to its lowest level since 2010 in Hong Kong trading after the U.S. Securities

July 30, 2012
Total Views: 61

Tsuru coal carrier
News

Panamax Bookings Take a Dive as Chinese Coal Demand Softens

(Bloomberg) — The number of cargoes booked on Panamax bulk carriers, the largest to transit the Panama Canal, slumped 33 percent in July amid slowing

July 30, 2012
Total Views: 45

gl machinerymanager germanischer lloyd csav rio blanco
Engineering News

GL Conducts First Onboard Test of Machinery Manager Prototype

Hamburg/Germany – GL Maritime Software, the software and systems integration unit of classification society Germanischer Lloyd (GL), in cooperation with

July 30, 2012
Total Views: 28