News

The latest maritime and offshore news.


Wednesday, January 15, 2014
bulk carrier capesize
News

Baltic Index Marks First Gain of 2014

he Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, marking its first gain this year,

January 15, 2014
Total Views: 59

cimc raffles shipyard china
News

More Drilling Rig Orders for CIMC Raffles

Yantai CIMC Raffles appears to be making the offshore energy market a prime focus going forward.  Last month, the Chinese shipbuilder acquired a 90 percent

January 15, 2014
Total Views: 164

Tuesday, January 14, 2014
Tug Sinks After Separating from Barge Off New York
Interesting

Tug Sinks After Separating from Barge Off New York

A 26-foot tugboat sank off the coast of Atlantic Beach, New York Monday night after separating from the barge it was

January 14, 2014
Total Views: 112

Nong Yao field mubadala
News

Nippon Steel Wins Offshore Engineering Contract in Gulf of Thailand

Southeast Asia-based upstream energy firm, KrisEnergy Ltd, has announced today the Engineering, Procurement, Construction, Installation and Commissioning

January 14, 2014
Total Views: 183

Brittany Ferries Orders New Gas Powered Flagship
News

Brittany Ferries Orders New Gas Powered Flagship

Brittany Ferries announced Tuesday that it placed an order for a LNG-powered cruise-ferry to replace the company's current flagship,

January 14, 2014
Total Views: 71

Kemp: Long Live The Jones Act?
Shipping News

Kemp: Long Live The Jones Act?

Reuters Commodities and Energy Senior Market Analyst, John Kemp, questions the effectiveness of the Jones Act in today's modern

January 14, 2014
Total Views: 38

John Garamendi
News

Congressman Garamendi Makes Bold Call to Support U.S. Merchant Marine

California Congressman John Garamendi spoke at the National Maritime Strategy Symposium this morning and set an aggressive tone to revamp the maritime policy

January 14, 2014
Total Views: 45

Chemical Tanker Adrift Off Ireland – Update
News

Chemical Tanker Adrift Off Ireland – Update

The Irish Coast Guard is responding today to a chemical tanker adrift since Sunday off the west coast of

January 14, 2014
Total Views: 70

pacific sky tanker product
News

First Jubail Diesel Cargo Adds To Pain For Europe’s Refiners

Diesel from the new Jubail refinery in Saudi Arabia will head to Europe for the first time this month, piling pressure on refineries already battered by huge

January 14, 2014
Total Views: 49

c-retriever PSV
News

Return to Chaos: The 2013 Resurgence of Nigerian Piracy and 2014 Forecast

In the realm of maritime piracy, 2013 may be remembered as the year of the paradigm shift from East to West Africa. In stark contrast to the multinational

January 14, 2014
Total Views: 156

Brasa shipyard FPSO Cidade de Ilhabela
News

FPSO Cidade de Ilhabela Arrives in Brazil for Topsides Integration

After a 10,625 nautical mile voyage from China, SBM Offshore’s Floating Production Storage and Offloading (FPSO) vessel Cidade de Ilhabela berthed

January 14, 2014
Total Views: 145

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: 52

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: 381

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: 62

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: 39

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: 34

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: 149

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: 92

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: 201

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: 420