News

The latest maritime and offshore news.


Thursday, July 3, 2014
News

Capesize Rates to Slide After Recent Rally on Overtonnage Worries

Rates for capesize bulk carriers on key Asian routes are set to slide next week as too many ships chase too few cargoes from Australia and Brazil, brokers

July 3, 2014
Total Views: 23

Wednesday, July 2, 2014
Incidents

Almost Entire Ship Medevaced by Coast Guard After Cook Serves Up Barracuda

19 crew members from the South Korean-flagged bulk carrier JS Comet simultaneously came down with an apparent case of debilitating food poisoning off Port

July 2, 2014
Total Views: 169

Finance

KKR’s Turkish Ferry Sale Said to Lure Offers From DFDS, Esas

KKR & Co.’s Turkish ferry unit, its sole investment in the country, has attracted binding bids from Danish shipping company DFDS Group A/S and an alliance of

July 2, 2014
Total Views: 47

News

WSS Urges Owners to Focus on Fuel Quality Issues

Changes to refinery practices, increased slow steaming and controls on sulphur content mean fuel testing and treatment is critical to efficient operations

July 2, 2014
Total Views: 27

Finance

U.S. Judge Clears Way for Genco Shipping to Exit Bankruptcy

A U.S. bankruptcy judge said on Wednesday he will approve Genco Shipping & Trading Ltd's plan to exit its Chapter 11 bankruptcy after he overruled objections

July 2, 2014
Total Views: 26

News

ABS and DSME to Develop LNG-Fueled Drillship

ABS announced today a joint development project (JDP) with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) to develop the

July 2, 2014
Total Views: 39

News

Euronav Accepts Delivery of 8 Maersk VLCCs

Since Euronav’s announcement on 5 January 2014 of their acquisition of 15 Maersk Tankers’ VLCCs, the company notes that 8 ships have so far been

July 2, 2014
Total Views: 124

Engineering News

Revolutionary New Power System Could be a Game-Changer for the Offshore Sector

The DP2-equipped light construction / ROV vessel Dina Star was delivered last year by Kleven Shipyard to Fonnes-based shipowner, Myklebusthaug Offshore

July 2, 2014
Total Views: 160

News

The Idle Goliath Off Aruba is Quietly Making Millions for Bondholders

Drifting five miles off the Aruba coast, the 591-foot-long oil-servicing ship OSA Goliath has no projects to work on or contracts to fulfill. Yet in its idle

July 2, 2014
Total Views: 761

News

Sovcomflot Tanker Busted for Using Scanned Paper Charts Through Great Barrier Reef

Australia’s Administrative Appeals Tribunal last week affirmed the Australian Maritime Safety Authority’s October 2013 detention of the 2007-built

July 2, 2014
Total Views: 55

Ships Begin Transferring Syrian Chemical Agents in Southern Italy
News

Ships Begin Transferring Syrian Chemical Agents in Southern Italy

A Danish ship carrying some of Syria's most dangerous chemical agents began transferring them on Wednesday onto an American cargo vessel equipped with special

July 2, 2014
Total Views: 24

News

Subsea 7 Extends Charter for Havila Subsea

Subsea 7 announced today they have exercised a contractual option to extend its existing charter of the 98-meter offshore construction vessel, Havila Subsea

July 2, 2014
Total Views: 93

Finance

Incoming Hapag-Lloyd Chairman Confident for IPO at End-2015

German shipping company Hapag-Lloyd's designated Chairman Michael Behrendt said he was confident that market conditions would support plans for an initial

July 2, 2014
Total Views: 35

Tuesday, July 1, 2014
News

GDF SUEZ Plans LNG Bunkering Ship in Zeebrugge as Rotterdam Opens Port

The Port of Rotterdam has announced that as of 1 July, vessels can bunker LNG (Liquefied Natural Gas) in the port of Rotterdam. Up to now only inland shipping

July 1, 2014
Total Views: 124

News

gCaptain Visits Rolls-Royce’s Ålesund Training Facility

On the west coast of Norway, just past the corner where the rocky coast begins to curve to the east and on upwards to the cold and remote subarctic

July 1, 2014
Total Views: 175

Incidents

Mississippi River Reopens After Tug Sinks

The U.S. Coast Guard has reopened the Mississippi River tonight near St. Louis, Missouri after a 70-foot towing vessel named Jim Marko sank earlier on Tuesday

July 1, 2014
Total Views: 21

News

Keppel Wins Kraken FPSO Conversion Deal

Keppel Shipyard announced today it will be converting a newly-built, 600,000 bbl ice-class FPSO for Bumi Armada as part of the FSPO Armada Kraken project which

July 1, 2014
Total Views: 184

News

Ship Photo of the Day – Jacked Up In a North Sea Wind Farm

Fred. Olsen Windcarrier's "Brave Tern" and "Bold Tern" jacked up at Global Tech 1 Offshore Windfarm in the North Sea off the coast of Germany.

July 1, 2014
Total Views: 179

News

Zim CEO Wants to Step Down

The chief executive of Zim, Israel's biggest shipping company, has indicated he wants to step down once its $3 billion restructuring plan has been implemented,

July 1, 2014
Total Views: 44

News

Swedish Coast Guard Cleaning Up 37-Year-Old Oil Spill

The Swedish Coast this week is busy cleaning up an spill in the Baltic Sea that is believed to be coming from a decades-old

July 1, 2014
Total Views: 261