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Saturday, January 26, 2013
transocean offshore
Finance

Transocean Shares Jump Almost 3 Percent After Icahn Suggests $4 Dividend

Jan. 25 (Bloomberg) — Billionaire investor Carl Icahn called on Transocean Ltd. to issue a $4-a-share dividend and said he will propose the dividend at

Saturday, January 26, 2013
Total Views: 17

Friday, January 25, 2013
Costa Concordia Hull Damage

Costa Concordia Probe Expands to Costa Crociere

By Marco Bertacche (Bloomberg) — Carnival Corp.’s Costa Crociere unit is under probe for “possible violations” of the Italian

January 25, 2013
Total Views: 197

Ex-Coast Guardsman Sentenced for Hoax Distress Call
USCG

Ex-Coast Guardsman Sentenced for Hoax Distress Call

We report about hoax distress calls all too often and hopefully this case sends the message that such calls, in any capacity, are no joke. The U.S. Coast Guard

January 25, 2013
Total Views: 27

Ship Video of The Week (Or Year!) – Quadcopter HD GoPro, Seaman Style
Blog

Ship Video of The Week (Or Year!) – Quadcopter HD GoPro, Seaman Style

Australian marine engineer and videographer Luke Annells is back at it with this new video aboard the MV Pioneer, captured using his “quadcopter”

January 25, 2013
Total Views: 40

bp lng carrier
News

BP Delivers First Gas Shipment to Israeli Offshore Buoy

By Sara Toth Stub JERUSALEM–BP PLC (BP.LN) began delivering liquefied natural gas to Israel via an offshore buoy Thursday to help meet Israel’s

January 25, 2013
Total Views: 49

Storms Halt Steelmaking-Coal Shipments From Biggest Exporter
Ports

Storms Halt Steelmaking-Coal Shipments From Biggest Exporter

(Bloomberg) — Storms interrupted exports of coal used in steelmaking from ports on the northeast coast of Australia, which accounts for 53 percent of

January 25, 2013
Total Views: 15

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Friday, January 25, 2013
cma cgm
Finance

CMA CGM Frees up $533 Million in Cash, Sells Stake in Terminal Link

PARIS–CMA CGM, the world’s third-largest container shipping company, Friday said it sold a 49% stake in its port operator Terminal Link to China

January 25, 2013
Total Views: 9

Bulker Fleet Seen Expanding at Double the Pace of Demand

Bulker Fleet Seen Expanding at Double the Pace of Demand

By Michelle Wiese Bockmann (Bloomberg) — The fleet of ships carrying minerals and grains will expand at double the pace of trade growth for a second year

January 25, 2013
Total Views: 4

cosco
Finance

China COSCO Expects Huge Annual Loss, Trading Restricted on Shanghai Exchange

Jan. 25 (Bloomberg) — China Cosco Holdings Co., the nation’s biggest shipping company, is facing trading restrictions on its shares after saying it

January 25, 2013
Total Views: 9

Thursday, January 24, 2013
Cigarette Boat Launches Off Massive Wave [VIDEO]
Interesting

Cigarette Boat Launches Off Massive Wave [VIDEO]

Well that looks like a good way to kill yourself… The only thing we know about this video is that it was shot off Ocean Beach in San Francisco.

January 24, 2013
Total Views: 518

USS Guardian Too Damaged to Tow – PHOTOS
Grounding Incidents

USS Guardian Too Damaged to Tow – PHOTOS

New pictures of the USS Guardian released today by the U.S. Navy show the minesweeper still hard aground on the Tubbataha Reef in the Philippines. The photos,

January 24, 2013
Total Views: 159

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Thursday, January 24, 2013
Retired Argentine Warship Sinks While Moored
Incidents

Retired Argentine Warship Sinks While Moored

An Argentine navy warship made famous for its role in the Falklands War has sunk, Argentina’s Navy confirmed this week. According to a Navy statement,

January 24, 2013
Total Views: 176

Historic North Atlantic Storm On Track for Saturday – UPDATE
Interesting

Historic North Atlantic Storm On Track for Saturday – UPDATE

Update: The storm “bombed out” at 930mb on Saturday. For reference Hurricane Sandy was measured at 940 millibars. Update: A 1003mb low off the

January 24, 2013
Total Views: 24

Divers Complete Survey Assessment of MV Rena
Interesting

Divers Complete Survey Assessment of MV Rena

A dive survey to conduct an external visual assessment of the MV Rena’s sunken stern section and its cargo has been completed, salvors of the stricken

January 24, 2013
Total Views: 30

Fredriksen: Tankers Will be the First to Recover [UPDATED]

Fredriksen: Tankers Will be the First to Recover [UPDATED]

By Mikael Holter and Isaac Arnsdorf Jan. 25 (Bloomberg) — The market for oil and fuel tankers will be the first to recover from a glut in the shipping

January 24, 2013
Total Views: 3

kfels b class jack-up rig keppel
News

Keppel Chief: Opportunities Ripe for Acquisitions

By Kyunghee Park Keppel Corp., the world’s largest oil-rig maker, said there are opportunities to buy companies even as the entry of Chinese shipyards

January 24, 2013
Total Views: 9

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Thursday, January 24, 2013
jeanne grasso jonathan waldron blank rome
News

Jones Act Uncertainty Looms Offshore in 2013

By Jeanne M. Grasso & Jonathan K. Waldron All was relatively tranquil offshore in 2011–2012 with respect to Jones Act issues. Activities offshore had

January 24, 2013
Total Views: 4

Wednesday, January 23, 2013
orient overseas container lines OOCL shipping
News

Shippers Tell Different Story on Chinese Exports, Laden With Skepticism

SHANGHAI–Many in the shipping industry see a sluggish year ahead for Chinese exports, a cornerstone of the world’s No. 2 economy, despite other

January 23, 2013
Total Views: 4

seaspan containerships
Shipbuilding

Seaspan Orders Four Fuel Efficient, 10,000 TEU Containerships

New York-listed Seaspan Corporation (NYSE: SSW) announced Wednesday that it has signed contracts for the construction of four fuel efficient 10,000 TEU

January 23, 2013
Total Views: 54

VLCC Ovatella shell supertanker
News

Daily Earnings for VLCCs Plunge 76 Percent, Biggest Drop Since September

Jan. 23 (Bloomberg) — Earnings for the largest oil tankers plying the industry’s busiest trade route plunged 76 percent, nearing a reversion to

January 23, 2013
Total Views: 6

Fincantieri Completes STX OSV Purchase to Become World’s Fifth Largest Shipbuilder
Shipbuilding

Fincantieri Completes STX OSV Purchase to Become World’s Fifth Largest Shipbuilder

Italian shipbuilding group Fincantieri on Wednesday said that it has successfully completed its previously announced purchase of a controlling stake in STX OSV

January 23, 2013
Total Views: 33

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