News

The latest maritime and offshore news.


Monday, January 13, 2014
Sacyr Vows to Finish Panama Canal Expansion Work As Planned
Shipping News

Sacyr Vows to Finish Panama Canal Expansion Work As Planned

Sacyr SA pledged to complete its contract to expand the Panama Canal, edging back from a threat to suspend the project if the waterway’s authority didn’t

January 13, 2014
Total Views: 49

Captain’s Perspective – Drydocking the MV Spirit of Vancouver Island
Engineering News

Captain’s Perspective – Drydocking the MV Spirit of Vancouver Island

By Captain Keith McLaren, As a shipmaster I am often asked what it is like to be in dry dock and as few can actually visit the ship during

January 13, 2014
Total Views: 371

product tanker mr oil ship
News

Transatlantic Clean Tanker Rates Rally To 5-Month High

Clean tanker rates on major export routes were mostly lower on Monday while firmer bookings helping to lift the transatlantic market to its highest level in

January 13, 2014
Total Views: 57

Finance

GasLog Announces Plans for IPO of Master Limited Partnership

MONACO–(BUSINESS WIRE)–Jan. 13, 2014– Regulatory News : GasLog Ltd. (“GasLog” or the “Company”) (NYSE:GLOG) today announced its

January 13, 2014
Total Views: 34

capesize bulk carrier
Shipping News

Falling Capesize Rates Bring Down Baltic Index

The Baltic's capesize index dropped 11.61 percent, shedding 244 points to

January 13, 2014
Total Views: 32

overseas shirley tanker osg
News

OSG to Outsource Technical Ship Management

Overseas Shipholding Group, Inc. (OTC:OSGIQ) has announced today that V.Ships will now take on the role of technical manager for their entire fleet of

January 13, 2014
Total Views: 146

blackford dolphin
News

U.K. Government Gives Chevron Thumbs Up at Alder Field

Chevron North Sea Ltd reached a final investment decision today and received approval from the U.K. Government to proceed with the development of the Alder

January 13, 2014
Total Views: 89

Puntland’s New President: A Maritime Security Outlook
Maritime Security

Puntland’s New President: A Maritime Security Outlook

James M. Bridger, Delex Systems Inc After losing Puntland’s presidential election by a single parliamentary vote, incumbent president Abdirahman Mohamed

January 13, 2014
Total Views: 184

MAN B&W Diesel 7S70ME-C
Engineering News

Nakilat to Repower Q-MAX LNG Carrier with Dual Fuel ME-GI Engine

Qatari shipping company Nakilat, the world’s largest owner of LNG carriers, along with Qatari LNG producers Qatargas, RasGas and engine manufacturer MAN

January 13, 2014
Total Views: 404

stv2630 damen clipper ship oman sail training
Engineering News

Oman’s Square-Rigged Flagship Launched at Damen Shipyards

Named the RNOV ‘Shabab Oman,” this 87-meter sail training vessel (STV) is destined to become the flagship of the Royal Navy of Oman once delivered

January 13, 2014
Total Views: 149

nordmand progress
News

Technip Extends Contracts for Solstad Anchor Handlers

Technip UK Limited has exercised the first of two yearly options to extend existing frame agreement with Solstad Offshore ASA (SOFF) for the supply of vessels

January 13, 2014
Total Views: 72

Sunday, January 12, 2014
nickel ore indonesia
News

Philippines Sees Nickel Boon on Indonesia’s Ban

The ban on mineral-ore exports from Indonesia, the world’s biggest nickel producer, is poised to benefit neighboring miners in the Philippines, who are

January 12, 2014
Total Views: 64

maersk nautilus tanker vlcc crude carrier
News

Shipowners Make Big Bets on Markets and Evolving U.S. Export Policies

With the holidays behind us, shipping slowly returns to daily routine of moving cargoes (we should never forget what shipping is all about) and everyone having

January 12, 2014
Total Views: 249

anadarko deepwater millenium transocean mozambique well test
News

Japan Loans Mozambique $672 Million To Develop Access to Energy Resources

Japan will lend Mozambique 70 billion yen ($672 million) over five years, Prime Minister Shinzo Abe said on Sunday, as the Asian nation seeks to secure access

January 12, 2014
Total Views: 69

Freeport-McMoRan Copper & Gold
Shipping News

Indonesia Eases Ore Ban as Freeport Keeps Copper Exports

Indonesia pushed ahead with a watered-down ban on mineral ore exports that will cut global nickel supplies and allow Freeport-McMoRan Copper & Gold Inc. to

January 12, 2014
Total Views: 67

Ships of Horror: Pacific Fishermen Raped, Beaten, and Fed Fish Bait
News

Ships of Horror: Pacific Fishermen Raped, Beaten, and Fed Fish Bait

On August 18, 2010, the South Korean fishing vessel, Oyang 70, capsized and sank while working in the New Zealand´s exclusive economic zone (EEZ), resulting

January 12, 2014
Total Views: 535

Saturday, January 11, 2014
Sacyr Says Has $574 Million At Stake In Panama Canal Expansion Contract
Shipping News

Sacyr Says Has $574 Million At Stake In Panama Canal Expansion Contract

Sacyr, the Spanish building company leading a consortium to expand the Panama Canal, said it risks losing $574 million in guarantees and advance payments if a

January 11, 2014
Total Views: 21

Freeport-McMoRan Copper & Gold
News

Freeport Halts Indonesia Copper Exports Ahead Of Mineral Export Ban

U.S. mining giant Freeport McMoRan Copper and Gold Inc halted its copper exports from Indonesia, less than an hour before a controversial mineral export ban

January 11, 2014
Total Views: 74

Friday, January 10, 2014
OSV Crewmember Loses Foot in Accident Off Louisiana
Shipping News

OSV Crewmember Loses Foot in Accident Off Louisiana

A U.S. Coast Guard aircrew medevaced a 27-year-old man from an offshore supply vessel 5 miles off Louisiana, Thursday, after losing his foot in an

January 10, 2014
Total Views: 33

bulk carrier iron ore loading australia
News

Capesize Rates Plunge Nearly 30 Percent

The cost of hauling coal and other commodities had its biggest one-day percentage drop on record after Colombia restricted some exports by Drummond Co.,

January 10, 2014
Total Views: 23