News

The latest maritime and offshore news.


Tuesday, October 30, 2012
china cosco
Finance

China COSCO Reports $243 Million Quarterly Loss, Still it’s Better than Last Year

SHANGHAI–China Cosco Holdings Co. (1919.HK), the country’s largest shipping company by fleet size, said Tuesday its third-quarter net loss narrowed

October 30, 2012
Total Views: 100

uscg cutter gallatin
Incidents

US Coast Guard Continues Search for the Captain of the Bounty, Search Area Expands Exponentially

The United States Coast Guard continues its search today for Captain Robin Walbridge, the missing captain of the HMS Bounty, a 180-foot sailboat which sank

October 30, 2012
Total Views: 314

hsh nordbank
Finance

Owners of Shipping Lender HSH Nordbank Willing to Replenish Guarantees

(Bloomberg) — HSH Nordbank AG’s main owners, the German federal states of Hamburg and Schleswig-Holstein, are willing to replenish the

October 30, 2012
Total Views: 61

shutterstock refinery refineries petrochemical plant
News

Oil Reserves Build as US East Coast Refineries Halt Production

(Bloomberg) — Oil fell for a second day in New York and headed for the biggest monthly decline since May after refiners reduced operations on the U.S.

October 30, 2012
Total Views: 73

Monday, October 29, 2012
Photos Show Sinking of ‘Bounty’ Tall Ship
Interesting

Photos Show Sinking of ‘Bounty’ Tall Ship

These photos, just released by the U.S. Coast Guard, show the 180-foot tall ship, HMS Bounty, as it sank today in the Atlantic Ocean during Hurricane Sandy

October 29, 2012
Total Views: 623

hms bounty
Incidents

Tall Ship Bounty Abandoned, Sinks in Heavy Seas off Hatteras, 1 Body Recovered, 1 Still Missing [UPDATE 3]

Update 3: The Coast Guard has reported that the body of a woman, identified as Ms. Claudene Christian, has been recovered. A crew aboard an MH-60 Jayhawk

October 29, 2012
Total Views: 454

kanaris capesize bulker safe bulkers
News

DNB Predicts Capesize Rates to Double in 2013

(Bloomberg) — Rates to ship dry-bulk raw materials by sea are recovering after a four-year slump as Chinese demand for iron ore surged to the highest

October 29, 2012
Total Views: 130

tugboats us coast guard new york hurricane sandy
Multimedia

New York Harbor Tugboats Power Through Hurricane Sandy

NEW YORK – Tug vessels steam into New York Harbor through heavy wind and rough waters as Hurricane Sandy approaches New York Harbor, Monday, Oct. 29,

October 29, 2012
Total Views: 114

Maersk Line – How Do Ships Ride Out Storms Like Hurricane Sandy? [INTERVIEW]
Marine Weather

Maersk Line – How Do Ships Ride Out Storms Like Hurricane Sandy? [INTERVIEW]

[vimeo]http://vimeo.com/52383530[/vimeo] Steffen Conradsen, Head of Global Execution at Maersk Line, the world’s largest containership owner, gives us

October 29, 2012
Total Views: 108

offshore drilling rig derrick 6th generation
News

Offshore Drilling is Becoming Far Less Profitable for Petrobras

(Bloomberg) — Petroleo Brasileiro SA, the world’s largest deep-water oil driller, is becoming less profitable as costs rise faster than sales

October 29, 2012
Total Views: 142

skandi yare
News

Petrobras Renews Contract for the Skandi Yare PSV

DOF’s subsidiary, Norskan, has agreed a contract renewal for the vessel Skandi Yare with Petrobras. The new contract will start in November and has a

October 29, 2012
Total Views: 69

Sunday, October 28, 2012
ship cargo bulk carrier port departure
News

Shipping Ore from Sierra Leone? Watch Out Says the UK P&I Club

(Bloomberg) — Iron-ore exports from Sierra Leone may be unsafe because the moisture content of the steel-making commodity is too high, creating the risk

October 28, 2012
Total Views: 98

mol paramount hurricane sandy
News

MOL Container Ship Says Screw Hurricane Sandy and Puts the Throttle Down [UPDATE 2]

While every other ship off the east coast of the United States steaming eastward trying to get the hell out of the way of Hurricane Sandy, the MOL Paramount,

October 28, 2012
Total Views: 159

Rescuers Watch as Fishing Boat Capsizes off Ireland and Sinks [VIDEO]
Incidents

Rescuers Watch as Fishing Boat Capsizes off Ireland and Sinks [VIDEO]

Captain Stephen Kearney, a 20-year fisherman and another man were off the coast of Ireland when their fishing boat Snowdonia began taking on water. “We

October 28, 2012
Total Views: 51

hurricane sandy track
Marine Weather

New York Harbor Could See an 11 Foot Storm Surge

(Bloomberg) — Hurricane Sandy was barreling northward along the U.S. East Coast as forecasters warned it would converge with two other systems to create

October 28, 2012
Total Views: 104

Friday, October 26, 2012
scorpio tanker ice-class
News

With Icy Forecast, Tanker Rates May Skyrocket in Northern Europe

(Bloomberg) — Rates for oil tankers in the Baltic and North Seas may jump this winter on forecasts for harsher weather, increasing demand for Aframax

October 26, 2012
Total Views: 60

MAN B&W 6S80ME-C9 engine hyundai
Engines

An Industry First: MAN B&W’s Tier III-Compliant Low-Speed Diesel with Integrated Exhaust Gas Recirc

MAN Diesel & Turbo, together with HHI-EMD, the engine and machinery division of Hyundai Heavy Industries, has presented the first IMO Tier III-compliant

October 26, 2012
Total Views: 455

lusail nyk lines lng carrier
News

LNG Carrier Lusail Rescues Sri Lankan Fishermen

On 15 October, Captain Miro Vuletic and his crew on board the NYK-owned LNG carrier Lusail was integral in the rescue of two Sri Lankan fishermen in

October 26, 2012
Total Views: 173

Thursday, October 25, 2012
neptune orient lines nol shipping
Finance

Neptune Orient Lines Earns First Quarterly Profit Since 2010

SINGAPORE–Container shipper Neptune Orient Lines Ltd. (NO3.SG) Thursday said it swung to a net profit in the third quarter mainly because of cost

October 25, 2012
Total Views: 67

Photo of the Day – Costa Concordia Seen From Space
Multimedia

Photo of the Day – Costa Concordia Seen From Space

To read more on this bizarre and tragic story from industry experts, please follow along

October 25, 2012
Total Views: 120