Wednesday, June 12, 2013
Higher Rates For Bigger Vessels Perk Up Baltic Index

Higher Rates For Bigger Vessels Perk Up Baltic Index

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for the fifth straight day on Wednesday, as

June 12, 2013
Total Views: 29

m/v swanland
Incidents

UK Releases Report on Fatal 2011 ‘Swanland’ Sinking

MAIB report on the investigation into the structural failure and foundering of the general cargo ship Swanland in the Irish Sea with the loss of six crew on 27

June 12, 2013
Total Views: 511

Indian Coast Guard Rescues 22 From Sinking Ship
Incidents

Indian Coast Guard Rescues 22 From Sinking Ship

The M/V Asian Express, a Maldives-flagged general cargo ship, had suffered an engine failure and was adrift for two days in heavy weather about 200 miles west

June 12, 2013
Total Views: 52

Interesting Ship – Incat Crowther’s Great Barrier Reef Patrol Vessel
News

Interesting Ship – Incat Crowther’s Great Barrier Reef Patrol Vessel

Incat Crowther and Marine Engineering Consultants (MEC) have started on the construction of a 24m long-range catamaran patrol vessel that will work to protect

June 12, 2013
Total Views: 128

Maersk Oil Enters Norway’s Barents Sea Arctic with New License
Offshore

Maersk Oil Enters Norway’s Barents Sea Arctic with New License

Maersk Oil on Wednesday said it has been offered at 20% interest in a new oil license (PL710) from Norway in the arctic Barents

June 12, 2013
Total Views: 19

Random Thoughts On Excel Maritime’s Debt Restructuring
Uncategorized

Random Thoughts On Excel Maritime’s Debt Restructuring

Troubled Athens-based shipping company Excel Maritime (EXM) revealed in yesterday’s press release one of industry’s worst kept secrets: The

June 12, 2013
Total Views: 127

jascon 4 tugboat sinks chevron
Incidents

Stuck in a Shipwreck: Jascon 4 Cook Discusses Unlikely Survival

After two days trapped in freezing cold water and breathing from an air bubble in an upturned tugboat 30 meters below the surface, Harrison Okene was sure he

June 12, 2013
Total Views: 6074

Tuesday, June 11, 2013
U.S. Sees Greater Gulf Of Mexico Oil and Gas Losses In 2013 Storm Season
News

U.S. Sees Greater Gulf Of Mexico Oil and Gas Losses In 2013 Storm Season

The U.S. Energy Information Administration said on Tuesday it expects greater losses in Gulf of Mexico oil and natural gas production from tropical storms than

June 11, 2013
Total Views: 41

South Korea Shippers Join Overseas Rivals In Shunning Iran Business
News

South Korea Shippers Join Overseas Rivals In Shunning Iran Business

South Korean container shippers are joining a wave of their international peers in giving up on Iranian business ahead of new U.S. sanctions in July, adding to

June 11, 2013
Total Views: 18

Press Releases

Implementing an Effective Safety Culture – ICS Launches Free Guidance to Shipowners

The International Chamber of Shipping (ICS) has published new guidance for shipowners on how shipping companies and crews can implement an effective

June 11, 2013
Total Views: 193

Private Equity Firm Acquires Schat-Harding and Noreq to Create World’s Largest Supplier of Maritime Life-Saving Equipment
Uncategorized

Private Equity Firm Acquires Schat-Harding and Noreq to Create World’s Largest Supplier of Maritime Life-Saving Equipment

Norway's leading private equity fund has entered into agreements to acquire Umoe Schat-Harding AS and Noreq AS, creating the world's leading supplier of

June 11, 2013
Total Views: 842

Excel Maritime to File for Chapter 11 Bankruptcy Protection

Excel Maritime to File for Chapter 11 Bankruptcy Protection

Drybulk shipper Excel Maritime Carriers Ltd intends to file for Chapter 11 bankruptcy making it the latest victim of a downturn in the shipping

June 11, 2013
Total Views: 39

Louisiana Towboat Owner Faces Five Years in Prison for Illegal Campaign Contributions
News

Louisiana Towboat Owner Faces Five Years in Prison for Illegal Campaign Contributions

The president of a Louisiana towing company is facing up to five years in prison after pleading guilty to using his personal and business accounts to fund

June 11, 2013
Total Views: 74

EG LNG Equatorial guinea lng

LNG Ship Rates Seen Unprofitable Over Next Two Years

Spot rates to ship liquefied natural gas will be unprofitable in the next two years as shorter voyages curb demand and new vessels join the fleet, according to

June 11, 2013
Total Views: 19

VLCC very large crude carrier oil tanker

Crude-Tanker Surplus Seen Swelling a Second Week in Persian Gulf

The surplus of tankers competing to ship 2 million-barrel oil cargoes from ports in the Persian Gulf expanded for a second

June 11, 2013
Total Views: 50

Monday, June 10, 2013
gCaptain Radio Episode 2 – Miracle at Sea
Press Releases

gCaptain Radio Episode 2 – Miracle at Sea

This week marks the second episode of gCaptain Radio, a weekly talk show discussion with gCaptain founder John Konrad and radio host Jeff Eckles. gCaptain

June 10, 2013
Total Views: 17

Harvey Gulf to Build United States’ First LNG Bunkering Facility at Port Fourchon
Offshore

Harvey Gulf to Build United States’ First LNG Bunkering Facility at Port Fourchon

New Orleans-based Harvey Gulf International has secured plans to construct and operate the United States’ first LNG marine fueling facility out of Port

June 10, 2013
Total Views: 126

Crew Rescued After Maiden Voyage Engine Failure Leaves Ship Stranded Off India
Grounding Incidents

Crew Rescued After Maiden Voyage Engine Failure Leaves Ship Stranded Off India

Ten crew members were rescued from a new Indian-flagged cargo ship following a maiden voyage engine failure that left the vessel stuck off the Konkan coast in

June 10, 2013
Total Views: 46

Ensco Returns to SHI for New $625 Million Drillship
Offshore

Ensco Returns to SHI for New $625 Million Drillship

Ensco said Monday that it has placed an order Samsung Heavy Industries for its eighth advanced-capability DP3 ultra-deepwater drillship for approximately $625

June 10, 2013
Total Views: 118

Kenya Sentences M/V Magellan Star Pirates
Piracy

Kenya Sentences M/V Magellan Star Pirates

A Kenyan court sentenced nine Somali citizens each to five years in prison on Monday after finding them guilty of violently hijacking a vessel, MV Magellan

June 10, 2013
Total Views: 167