Maritime News


Friday, December 20, 2013
Maritime News

Gazprom Starts Production at Russia’s First Offshore Arctic Oil Field Amid Controversy and Delays

Russia's first Arctic offshore field Prirazlomnoye, where Greenpeace activists were arrested in September after a high seas clash with Russian authorities, has

December 20, 2013
Total Views: 47

mol comfort under tow
Engineering News

MOL Comfort Investigation Committee Unable to Replicate Casualty

Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT), in collaboration with ClassNK, released an updated report today on the

December 20, 2013
Total Views: 73

Front Warrior Frontline Tankers Suezmax
Maritime News

Rates for Large Crude Carriers Could Inch Lower As Market Enters Holiday Mode

Dirty tanker rates on key Asian freight routes could edge down next week due to year-end holidays, but are likely to remain firm, ship brokers said on

December 20, 2013
Total Views: 20

Thursday, December 19, 2013
osg
Finance

OSG’s Tax Liability $199 Million Less Than Previously Thought

Beleaguered tanker company Overseas Shipholding Group Inc. (OSG), saw today its stock jumping 36%, amid very heavy trading. The stock closed at $6.05 per

December 19, 2013
Total Views: 5

Archer-Daniels-Midland
Maritime News

ADM to Boost Brazil Soybean Exports as Barges Serve New Port

Archer-Daniels-Midland Co., the largest exporter of soybean meal from Brazil, plans to double the size of its South American fleet of river barges to boost

December 19, 2013
Total Views: 28

gwadar port pakistan
Maritime News

Intermodal link Could See Pakistan’s Ports Handling 5% of China’s cargo

By Gavin van Marle Container throughput in Pakistan could rise dramatically if China succeeds in its ambition to build a new deepwater port in the country

December 19, 2013
Total Views: 19

nusi bridge simulator
Maritime News

ARI Delivers Super High-Tech Offshore Simulators to India

ARI Simulation has delivered a complete suite of integrated offshore simulators to India’s NUSI Offshore Training Institute (NOTI), the world’s

December 19, 2013
Total Views: 86

hanjin containership seattle
Finance

Hanjin Shipping Supported by $3.3 Billion Asset Sale

SEOUL, Dec 19 (Reuters) – Korean Air Lines Co Ltd plans to raise 3.5 trillion won ($3.33 billion) over two years by selling assets such as shares in

December 19, 2013
Total Views: 4

siderfly ship
Maritime News

Wanna Buy the Siderfly?

It’s been since six weeks since the freighter “Siderfly” collided with the 116-meter gas carrier Coral Ivory, and the vessel still waits at

December 19, 2013
Total Views: 20

Wednesday, December 18, 2013
Maritime News

Diana Containerships Sells 18-Year Old Panamax for Demolition, and at a Loss [ANALYSIS]

Diana Containerships Inc. (DCIX) took everybody by surprise, announcing the sale of its 18-year old Panamax containership “Spinel“ (Ex “APL

December 18, 2013
Total Views: 43

hsh nordbank
Maritime News

Navios Acquires 10 Ships from HSH Norbank Debtors, Additional Ships Possible

Navios Europe Inc. announced today they have acquired ten vessels from debtors of HSH Nordbank AG including five product tankers and five Panamax and

December 18, 2013
Total Views: 3

rnli
Interesting

RNLI Gets Airborne [VIDEO]

The Royal National Lifeboat Institution is an all-volunteer, charity-funded organization aimed at ending the preventable loss of life at sea in an around the

December 18, 2013
Total Views: 5

Finance

Hedge Funds Buy Shipping Loans From Capital-Conscious Banks

After a five-year slump in shipping, investors are betting on better times by taking over shipowners' debts from European banks keen to offload troubled loans

December 18, 2013
Total Views: 19

Chicago Express Hapag Lloyd containership
Maritime News

TUI AG Not Giving Up Right To IPO Hapag-Lloyd Stake

The chief executive of TUI AG , a shareholder in German shipper Hapag-Lloyd , said he viewed as positive the talks between the shipper and Chilean rival

December 18, 2013
Total Views: 0

bulk-loading-corn-ship-china
Maritime News

China Said to Refuse More Than 500,000 Tons of U.S. Corn

Dec. 18 (Bloomberg) — China has rejected more than half a million metric tons of genetically modified U.S. corn in November and December, almost three

December 18, 2013
Total Views: 23

Tuesday, December 17, 2013
Interesting

OSG Jones Act Tanker Secures Record-Breaking Charter

A Jones Act tanker was recently chartered for six months at a record high rate of $110,000 per day, market sources said, the latest sign of how surging U.S.

December 17, 2013
Total Views: 17

mt althea
Maritime News

Nigerian Pirates Abduct Ukrainian Captain and Greek Engineer

Pirates have attacked an oil products tanker off the coast of Nigeria and kidnapped its Ukrainian captain and a Greek engineer, Greek coast guard officials

December 17, 2013
Total Views: 4

Engineering News

Finland’s Government Acquires Majority Stake of Aker Arctic

With the threat of Aker Arctic leaving Finland to pursue more profitable pastures, Finnish Industry Investment Ltd, an investment arm of Finland’s

December 17, 2013
Total Views: 9

rick mercer cbc welland canal
Maritime News

Transiting the Welland Canal on the CSL Whitefish Bay

CBC’s Rick Mercer transits the Welland Canal on board the CSL bulk carrier Whitefish Bay. The Welland Canal is a key point in the St. Lawrence Seaway as

December 17, 2013
Total Views: 91