News

The latest maritime and offshore news.


Tuesday, June 27, 2017
MHI Vestas Offshore Wind Turbine
Offshore

Wind Power’s Big Bet: Offshore Mega-Turbines Taller Than Skyscrapers

By Stine Jacobsen and Vera Eckert COPENHAGEN/FRANKFURT, June 27 (Reuters) – Wind farm operators are betting on a new generation of colossal turbines,

June 27, 2017
Total Views: 79

Growing ULCV Fleet to Cause ‘Catastrophic Economic Failure’ Among Some Terminals, Warns Analyst
Shipping News

Growing ULCV Fleet to Cause ‘Catastrophic Economic Failure’ Among Some Terminals, Warns Analyst

By Gavin van Marle in Amsterdam (The Loadstar) – Major container ports could be facing an investment crisis that will dwarf the problems seen in liner

June 27, 2017
Total Views: 99

thunder horse platform
Shipping News

In Disaster’s Wake, BP Doubles Down on Deepwater Despite Surging Shale

By Jessica Resnick-Ault THUNDER HORSE OIL PLATFORM, Gulf of Mexico, June 27 (Reuters) – About 300 BP workers commute 150 miles here by helicopter, from

June 27, 2017
Total Views: 110

‘Huge Explosion’ Heard from Ship Off the Coast of Somalia
News

‘Huge Explosion’ Heard from Ship Off the Coast of Somalia

BOSASSO, Somalia, June 27 (Reuters) – A huge explosion was heard from a ship off the coast of Somalia’s Puntland region late on Monday and flames

June 27, 2017
Total Views: 23

maersk freight cargo
Interesting

Maersk Says Global Computer Systems Hit by Cyber Attack

COPENHAGEN, June 27 (Reuters) – Shipping giant A.P. Moller-Maersk, which handles one out of seven containers shipped globally, said a cyber attack had

June 27, 2017
Total Views: 101

Monday, June 26, 2017
us oil exports
News

The Booming Texas Port at the Center of U.S. Oil Exports

By Sheela Tobben and Laura Blewitt (Bloomberg) — Late last month, an oil tanker that measures three football fields long and six stories high moved

June 26, 2017
Total Views: 120

UK’s Biggest Warship HMS Queen Elizabeth Sets Sail for First Time
Defense

UK’s Biggest Warship HMS Queen Elizabeth Sets Sail for First Time

ROSYTH, Scotland, June 26 (Reuters) – Britain’s most advanced and biggest warship, 65,000-tonne aircraft carrier HMS Queen Elizabeth, set out on

June 26, 2017
Total Views: 87

Expanded Panama Canal Marks One Year Since Opening
News

Expanded Panama Canal Marks One Year Since Opening

The Panama Canal is marking the one-year anniversary of the inauguration of the new Expanded Canal, describing the milestone as one of the most significant

June 26, 2017
Total Views: 133

Norwegian-born shipping tycoon Fredriksen
News

Frontline Drops DHT Pursuit and Steers Away from Deals

By Ole Petter Skonnord OSLO, June 26 (Reuters) – Oslo-listed oil tanker firm Frontline has abandoned its pursuit of New York-listed rival DHT Holdings

June 26, 2017
Total Views: 30

containership
News

Moore Stephens: Shipping Confidence Hits Three-Year High

(Moore Stephens) – Shipping confidence reached its equal highest rating in the past three years in the three months to end-May 2017, according to the

June 26, 2017
Total Views: 21

cargo ship
News

Drewry: Multipurpose Shipping Market to Strengthen on Growing Demand

(Drewry) – Many key drivers for dry cargo demand have reported a significant uptick in 2017, resulting in improving conditions for all vessels in the

June 26, 2017
Total Views: 44

USS Fitzgerald: Destroyer Ignored Warnings from Containership Before Collision -Reuters
Interesting

USS Fitzgerald: Destroyer Ignored Warnings from Containership Before Collision -Reuters

By Tim Kelly TOKYO, June 26 (Reuters) – A U.S. warship struck by a container vessel in Japanese waters failed to respond to warning signals or take

June 26, 2017
Total Views: 273

Six Dead, Over a Dozen Missing After Tourist Boat Sinks in Colombia – Incident Video
Interesting

Six Dead, Over a Dozen Missing After Tourist Boat Sinks in Colombia – Incident Video

GUATAPE, Colombia June 26 (Reuters) – Rescue workers searched on Monday for as many as 16 people believed to be missing after a tourist boat sank the

June 26, 2017
Total Views: 28

Friday, June 23, 2017
uss fitzgerald
News

Former DDG Commander to Lead U.S. Navy Investigation Into USS Fitzgerald Collision

The U.S. Navy has chosen Rear Adm. (lower half) Brian Fort, a former DDG commander, to lead the investigation into the collision between the USS Fitzgerald

June 23, 2017
Total Views: 124

News

VLCC Rates May Edge Up on Floating Storage, August Charters

By Keith Wallis SINGAPORE, June 23 (Reuters) – Freight rates for very large crude carriers (VLCCs) could creep higher as more ships are chartered for

June 23, 2017
Total Views: 39

cargo ship
News

Environmental NGOs: Shipping Needs to ‘Shape Up or Ship Out’ on Ship Emissions

By Alexander Whiteman (The Loadstar) – Environmental lobbyists have derided “ambitious” CO2 reduction plans announced by four international shipping

June 23, 2017
Total Views: 100

shipping containers
Ports

Touted Sea Change in Indonesia Shipping Network May Hit Choppy Waters

By Eveline Danubrata and Cindy Silviana JAKARTA, June 23 (Reuters) – With its towering new cranes and wharves that can handle some of the world’s

June 23, 2017
Total Views: 32

Thursday, June 22, 2017
America’s Most Popular Gasoline Pipeline Is Losing its Edge
News

America’s Most Popular Gasoline Pipeline Is Losing its Edge

By Laura Blewitt (Bloomberg) — The hottest trade in the U.S. gasoline market is starting to cool. As America’s U.S. Gulf Coast refining complex seeks

June 22, 2017
Total Views: 86

South Africa Rejects Japanese Container Shipping’s Mega-Merger
News

South Africa Rejects Japanese Container Shipping’s Mega-Merger

By Gavin van Marle (The Loadstar) – The South African Competition Commission has rejected the merger of the container divisions of NYK, MOL and K

June 22, 2017
Total Views: 59

President Trump to Nominate Mark Buzby, Former MSC Commander, as Maritime Administrator
Shipping News

President Trump to Nominate Mark Buzby, Former MSC Commander, as Maritime Administrator

President Donald Trump has announced his intention to nominate Mark H. Buzby of Virginia to the position of Maritime Administrator at the Department of

June 22, 2017
Total Views: 67