News

The latest maritime and offshore news.


Tuesday, September 11, 2012
steel rebar industrial
News

Market Talk: Capesize Rates Could Bounce to $20k

The dry-bulk shipping market has been in the doldrums again of late (the Baltic Dry Index is again near record lows and recently had a 31-session streak of

September 11, 2012
Total Views: 45

ship emissions stack pollution exhaust gas sulfur dioxide
News

EU Backs Tougher Ship-Fuel Sulfur Limits, Enacting IMO Accords

The European Union set stricter limits for sulfur in ship fuel, enacting International Maritime Organization agreements to fight air pollution. The European

September 11, 2012
Total Views: 56

Monday, September 10, 2012
esrg abs ns5
Engineering News

US Navy Technology May Soon be Utilized on Commercial Ships

There’s no technology on the horizon that’s going to replace the shipboard engineering watchstander anytime soon, that’s for certain.

September 10, 2012
Total Views: 136

solas somalia rescue eunavfor
Incidents

Spanish Warship Rescues 68 Off Somalia

On Saturday 8 September, Spanish warship ESPS Relámpago, currently operating as part of the EU Naval Force – Operation ATALANTA, fighting piracy off

September 10, 2012
Total Views: 48

frontline tankers vlcc front shanghai
Interesting

John Fredriksen: The Man, the Myth, the Legend

The flow of much of the world’s oil is controlled from a small suite of offices perched over a Tiffany & Co. store in the Chelsea section of London.

September 10, 2012
Total Views: 3238

rotterdam crack spreads crude gasoline
News

MR Tanker Rates Sink as Supply of Clean Product Dwindles – Poten

Returns for tankers carrying oil products from the U.S. slumped after price gains in the country and Europe limited the incentive for trans-Atlantic shipments,

September 10, 2012
Total Views: 49

Esa Ikäheimonen
News

Transocean Snatches New CFO, Sells Jack-Up Fleet, and Plans Bond Sale for Drillships [UPDATE]

Big announcements were made today by Switzerland-based deep water drilling contractor Transocean Ltd. (NYSE: RIG) (SIX:RIGN). In a move to make the company a

September 10, 2012
Total Views: 101

russia global ports vostochnaya
News

APM Terminals Makes Strategic Move into Russian Ports Sector

MOSCOW–APM Terminals, the port-operating arm of Danish industrial group A.P. Moller-Maersk A/S (MAERSK-B.KO), said Monday that it has acquired a stake

September 10, 2012
Total Views: 98

Sunday, September 9, 2012
temasek fairway singapore sultan shoal lighthouse
Collision

LPG Tanker and Bulk Carrier Collide off Singapore

A collision between two ships resulted in an oil spill in the sea outside Singapore, according to the Maritime and Port Authority of Singapore. The accident

September 9, 2012
Total Views: 163

Thursday, September 6, 2012
Pier 400 Los Angeles apm terminals container shipping maersk line
News

Maersk Line: “Christmas Will Come to America, but Probably Not to Europe”

(Bloomberg) — The shipping lanes of the Pacific and Indian Oceans show the diverging fortunes of U.S. and European consumers ahead of the busiest

September 6, 2012
Total Views: 139

Wednesday, September 5, 2012
Abu Dhabi Star Hijacked Off Lagos, Promptly Released [UPDATE]
Incidents

Abu Dhabi Star Hijacked Off Lagos, Promptly Released [UPDATE]

UPDATE 2: The MT Abu Dhabi Star has been released after pirates fled when approached by the Nigerian navy, Reuters reports. The vessel was released without

September 5, 2012
Total Views: 83

shipping port container shipping
News

Kenya Goes Big…Massive New Port Will Cost Two-Thirds of Gross Domestic Product

Kenya, East Africa’s largest economy, is moving to spend $25 billion on a second port, a crude pipeline and roads that will open up export routes in a

September 5, 2012
Total Views: 189

Sunday, September 2, 2012
Arabdrill 50
News

Get Jacked…Up!

Yet another successful launch for Keppel Corp in Singapore.  The offshore and marine giant set afloat the Mobile Offshore Self-Elevating Drilling Unit (SEDU)

September 2, 2012
Total Views: 62

Friday, August 31, 2012
vale rio de janeiro vloc ore carrier
Interesting

Vale to Sell 10 Ore Carriers

Vale informed reporters today that it has signed a USD $600 million agreement to sell and further charter 10 large ore carriers with Polaris Shipping Co. Ltd.

August 31, 2012
Total Views: 171

hmas maitland
Incidents

Search and Rescue Operations Conclude off Indonesia, Nearly 100 Still Unaccounted For

Yesterday, four merchant vessels and HMAS Maitland recovered 55 survivors out of a total of 150 passengers of the ill-fated refugee boat that capsized and sank

August 31, 2012
Total Views: 82

launch sl gabon smit lamnalco damen
News

SMIT Lamnalco Launches Latest Damen Tug Under New Corporate Identity

On 24 August, Smit Lamnalco launched SL Gabon, the first tug branded under its new corporate identity, following the integration of Smit’s terminal

August 31, 2012
Total Views: 309

almi horizon lloyd's register
Engineering News

Global Acceptance of LNG as a Marine Fuel will Depend on Pricing [REPORT]

A Lloyd’s Register study on LNG bunkering infrastructure also suggests some owners would be wise to consider fuel flexibility After 12 months of research

August 31, 2012
Total Views: 66

evergreen shipping container
Finance

Evergreen Marine Reports First Profit in a Year as Sales Rise

Evergreen Marine Corp., operator of Asia’s No. 2 container-shipping line, had its first quarterly profit in a year as sales increased on higher freight

August 31, 2012
Total Views: 88

Thursday, August 30, 2012
kumi naidoo greenpeace
News

Greenpeace Writes to Russian President, Expresses Concerns About Arctic Drilling [LETTER]

Dear Mr. President, I write these lines to you on board the Greenpeace vessel Arctic Sunrise, as we leave the Russian economic zone waters north of the Kola

August 30, 2012
Total Views: 69

maersk peregrino fpso
Engineering News

Crazy Amounts of Power Needed on Statoil’s Peregrino FPSO, ABB Delivers

Via ABB Communications Recently acquired by the Statoil group, FPSO Peregrino was converted from a very large crude carrier (VLCC) to a floating production,

August 30, 2012
Total Views: 380