News

The latest maritime and offshore news.


Friday, July 15, 2016
Panama Canal Retakes Market Share from Suez
Shipping News

Panama Canal Retakes Market Share from Suez

By Gavin van Marle (The Loadstar) – Following the inauguration of the Panama Canal’s new lock system at the end of last month, the waterway is already

July 15, 2016
Total Views: 93

BP Raises Deepwater Horizon Spill Liability to $61.6 Billion
Shipping News

BP Raises Deepwater Horizon Spill Liability to $61.6 Billion

By David Wethe and Rakteem Katakey (Bloomberg) — BP Plc has raised the total liability from the Deepwater Horizon oil disaster, which triggered the worst

July 15, 2016
Total Views: 111

Largest U.S. Offshore Wind Farm Planned in New York Waters
Offshore

Largest U.S. Offshore Wind Farm Planned in New York Waters

By Christopher Martin (Bloomberg) — The Long Island Power Authority plans to approve a 90 megawatt wind farm off the coast of New York that would become

July 15, 2016
Total Views: 52

Thursday, July 14, 2016
Ports America Said to Explore Sale Valuing Company at $1 Billion
News

Ports America Said to Explore Sale Valuing Company at $1 Billion

By Ed Hammond and Kiel Porter (Bloomberg) — Ports America, the closely held maritime-terminal operator, is exploring a sale, people with knowledge of the

July 14, 2016
Total Views: 195

Ramform Tethys Tows Record 50 Square Mile Streamer Spread
Shipping News

Ramform Tethys Tows Record 50 Square Mile Streamer Spread

Subsea surveying company PGS has once again set the record for the world’s largest seismic streamer spread tow covering a surface area of a whopping 50

July 14, 2016
Total Views: 212

Wallenius Wilhelmsen ro-ro ship
Shipping News

WWL to Pay Nearly $100 Million Criminal Fine Over Ro-Ro Price Fixing Scheme

Norwegian shipping company Wallenius Wilhelmsen Logistics AS (WWL) has agreed to plead guilty and pay a $98.9 million criminal fine for its involvement in a

July 14, 2016
Total Views: 200

U.S. LNG Seen Eluding Asia as Low Prices Trump Panama Canal
Shipping News

U.S. LNG Seen Eluding Asia as Low Prices Trump Panama Canal

By Dan Murtaugh (Bloomberg) — Asia’s going to have to wait a little longer for the flood of U.S. shale gas to reach its shores. A global glut of

July 14, 2016
Total Views: 42

hyundai merchant marine
News

Hyundai Merchant Marine to Join Maersk, MSC in 2M Alliance

By Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co. will join the world’s biggest shipping alliance, meeting all conditions imposed by creditors

July 14, 2016
Total Views: 81

Wednesday, July 13, 2016
Ship Photos of the Day – Pearl Harbor During RIMPAC 2016, the World’s Largest Maritime Exercise
Shipping News

Ship Photos of the Day – Pearl Harbor During RIMPAC 2016, the World’s Largest Maritime Exercise

Dozens of Navy ships from all over the world have descended on Pearl Harbor as part for Rim of the Pacific (RIMPAC) 2016, the world’s largest

July 13, 2016
Total Views: 922

Port of Savannah Welcomes First Ship Through Expanded Panama Canal
News

Port of Savannah Welcomes First Ship Through Expanded Panama Canal

The Port of Savannah on Wednesday welcomed the first vessel to call at the port through new locks of the expanded Panama Canal. At a capacity of 10,100

July 13, 2016
Total Views: 63

Three Injured After ‘Hard Contact’ with LNG Carrier Off Milford Haven
Interesting

Three Injured After ‘Hard Contact’ with LNG Carrier Off Milford Haven

Three Milford Haven ship pilots have been injured after their pilot boat made ‘hard contact’ with an LNG carrier during a routine transfer, the

July 13, 2016
Total Views: 307

Grounded Benita Won’t Be Blown to Pieces in Mauritius
Accidents

Grounded Benita Won’t Be Blown to Pieces in Mauritius

The salvors behind the refloating of the MV Benita are downplaying the use of explosives to remove the vessel from the rocks in Mauritius, saying any use

July 13, 2016
Total Views: 134

After Sailing from Across North Atlantic, Real Viking Ship Forced to Leave Great Lakes Over Pilot Fees
Interesting

After Sailing from Across North Atlantic, Real Viking Ship Forced to Leave Great Lakes Over Pilot Fees

A modern day Viking ship that sailed all the way from Norway to attend a Great Lakes tall ship festival may not even make be forced to turn back

July 13, 2016
Total Views: 239

U.S. Navy’s $12.9 Billion Carrier Falls Further Behind Schedule
Shipping News

U.S. Navy’s $12.9 Billion Carrier Falls Further Behind Schedule

By Tony Capaccio (Bloomberg) — The USS Gerald R. Ford — the Navy’s newest aircraft carrier and the costliest U.S. warship at $12.9 billion

July 13, 2016
Total Views: 65

Ukraine to Woo Shippers From Asia to Baltics by Fixing Ports
Shipping News

Ukraine to Woo Shippers From Asia to Baltics by Fixing Ports

By Kateryna Choursina (Bloomberg) — Ukraine, whose trade links with Russia have been severed by a two-year insurgency in its eastern regions, will strive

July 13, 2016
Total Views: 79

Tuesday, July 12, 2016
Vowing to Ignore South China Sea Ruling, China Says it Will Only ‘Intensify Conflict’
Shipping News

Vowing to Ignore South China Sea Ruling, China Says it Will Only ‘Intensify Conflict’

By David Brunnstrom and Ben Blanchard WASHINGTON/BEIJING, July 12 (Reuters) – An international tribunal’s ruling denying China’s claims in

July 12, 2016
Total Views: 62

uscg icebreaker polar star
Defense

U.S. Shipbuilders: Shipyards Capable of Building Next Generation of Polar Icebreakers

In testimony before the House Subcommittee on Coast Guard and Maritime Transportation, Matthew Paxton, President of the Shipbuilders Council of America (SCA)

July 12, 2016
Total Views: 133

mv hamal drug bust
Interesting

Tugboat Captain, First Officer Found Guilty of Drug Trafficking in UK’s Biggest Ever Cocaine Bust

The captain and first officer of an ocean going tug have been found guilty of drug trafficking in what authorities have described as the biggest seizure of

July 12, 2016
Total Views: 249

Oil and Shipping Markets on Edge After South China Sea Ruling
News

Oil and Shipping Markets on Edge After South China Sea Ruling

By Henning Gloystein and Keith Wallis SINGAPORE, July 12 (Reuters) – Global oil and shipping markets reacted nervously on Tuesday after an international

July 12, 2016
Total Views: 79

Tribunal Overwhelmingly Rejects Beijing’s South China Sea Claims
News

Tribunal Overwhelmingly Rejects Beijing’s South China Sea Claims

By Anthony Deutsch and Ben Blanchard AMSTERDAM/BEIJING, July 12 (Reuters) – An arbitration court ruled on Tuesday that China has no historic title over

July 12, 2016
Total Views: 48