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Friday, November 16, 2012
Tanker Supply at Seven-Month Low Seen Lifting Rates on China

Tanker Supply at Seven-Month Low Seen Lifting Rates on China

(Bloomberg) — The glut of oil tankers competing to load in the Persian Gulf dwindled to a seven-month low as China draws shipments, setting the

Friday, November 16, 2012
Total Views: 14

CMA CGM Marco Polo: Master and Chief Engineer On What It’s Like to Command the World’s Largest Containership

CMA CGM Marco Polo: Master and Chief Engineer On What It’s Like to Command the World’s Largest Containership

At 396 meters and the capacity to hold an astonishing 16,020 TEUs, the CMA CGM Marco Polo is now officially the world’s largest containership. The

November 16, 2012
Total Views: 186

Tribunal Will Hear Out Argentine Tall Ship Dispute
Navy

Tribunal Will Hear Out Argentine Tall Ship Dispute

BUENOS AIRES–The International Tribunal for the Law of the Sea has proposed holding hearings Nov. 29-30 in a dispute between Argentina and Ghana over a

November 16, 2012
Total Views: 20

Transpetro Gives EAS a Second Chance, Calls for the Construction of Four Tankers
Shipbuilding

Transpetro Gives EAS a Second Chance, Calls for the Construction of Four Tankers

RIO DE JANEIRO—-The transportation arm of Brazilian state-owned energy giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Friday that it

November 16, 2012
Total Views: 28

dual activity drillship derrick
News

Transocean Wins Dual Activity Lawsuit Against Maersk

(Bloomberg) — Transocean Ltd., the world’s largest offshore rig contractor, won an appeals court ruling that reinstates a $15 million jury verdict

November 16, 2012
Total Views: 197

skandi singapore
News

DOF Subsea Awarded $50 Million in Construction Support Vessel Contracts

Norwegian offshore engineer Dof ASA (DOF.OS) said Friday it has secured multiple contract awards in Asia Pacific, the Mediterranean and in the Gulf of Mexico

November 16, 2012
Total Views: 198

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Thursday, November 15, 2012
U.S. East Coast Gasoline Slumps as Jones Act Waiver Draws More Tankers

U.S. East Coast Gasoline Slumps as Jones Act Waiver Draws More Tankers

(Bloomberg) — New York Harbor gasoline slumped for a third day after the waiver of the Jones Act allowed cargoes to be delivered from the Gulf Coast and

November 15, 2012
Total Views: 21

Drunk Master Caused March Collision in Belfast Lough [REPORT]
Collision

Drunk Master Caused March Collision in Belfast Lough [REPORT]

Investigators in the UK have confirmed what everyone already knew about the March 7th collision between the M/V Union Moon and the Stena Feronia ferry: that

November 15, 2012
Total Views: 124

Tug and Barge Run Aground in Alaska [INCIDENT PHOTOS]
USCG

Tug and Barge Run Aground in Alaska [INCIDENT PHOTOS]

The Coast Guard safely rescued five crewmembers from the tug Polar Wind which ran aground and began taking on water 20 miles east of Cold Bay, AK at 8:58

November 15, 2012
Total Views: 73

BP Reaches $4.5B Settlement with US DOJ, Pleads Guilty to 11 Felony Charges [UPDATE]
Interesting

BP Reaches $4.5B Settlement with US DOJ, Pleads Guilty to 11 Felony Charges [UPDATE]

(Bloomberg) — BP Plc reached a settlement with the U.S. government for $4.5 billion that will end all criminal charges and resolve securities claims

November 15, 2012
Total Views: 49

Overseas Shipholding Won’t Need Bankruptcy Financing [MARKET TALK]

Overseas Shipholding Won’t Need Bankruptcy Financing [MARKET TALK]

Overseas Shipholding’s (OSG) Chapter 11 filing to deal with its bulging debt isn’t a surprise. And it also won’t be the

November 15, 2012
Total Views: 24


Wednesday, November 14, 2012
Wärtsilä Surpasses 2,000 Gas Fueled Engines Sold
Engineering News

Wärtsilä Surpasses 2,000 Gas Fueled Engines Sold

Wärtsilä said this week that it has now sold more than 2,000 of its gas fueled engines which have together accumulated more than 7 million operational

November 14, 2012
Total Views: 56

S&P Slashes OSG Credit Rating Following Bankruptcy Filing

S&P Slashes OSG Credit Rating Following Bankruptcy Filing

Standard & Poor’s Ratings Services has lowered Overseas Shipholding Group’s long-term credit rating to ‘D’ after the company

November 14, 2012
Total Views: 38

Ship Chandler Killed After Falling Overboard
Incidents

Ship Chandler Killed After Falling Overboard

A Singaporean ship chandler was killed Tuesday after falling into the water while disembarking from a bulk carrier at the Port of Singapore following a

November 14, 2012
Total Views: 66

Ultrabulk Ditches Chinese Yard for Japan-Built Eco-Ship

Ultrabulk Ditches Chinese Yard for Japan-Built Eco-Ship

Danish dry bulk operator Ultrabulk said Wednesday that continuous delays have forced the company to cancel its order for two large Panamax bulkers from

November 14, 2012
Total Views: 137

60+ Knots In a Sailboat [VIDEO]
Ship Design

60+ Knots In a Sailboat [VIDEO]

The Vestas Sailrocket team has had its eye on the world record since their first boat was launched in 2002. Now, over ten years later, the team finds

November 14, 2012
Total Views: 202

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Wednesday, November 14, 2012
Overseas Shipholding Group (OSG) Files for Chapter 11 Bankruptcy Protection
Finance

Overseas Shipholding Group (OSG) Files for Chapter 11 Bankruptcy Protection

(Bloomberg) — Overseas Shipholding Group Inc., the largest U.S. tanker operator, filed for bankruptcy protection after global shipping rates fell and the

November 14, 2012
Total Views: 362

oceanic discoverer
Incidents

Coral Princess Cruises Fined $180,000 After Crewmember Killed by Powered Door

Coral Princess Cruises has been fined $180,000 following the death of a crewman after he was trapped by a powered door while working on the cruise ship

November 14, 2012
Total Views: 112

maltese falcon mast wind power sail
Engineering News

Could Wind Power Return to Commercial Shipping?

As the shipping industry endeavours to conserve expensive fossil fuels, cargo ship designers are now turning to the oldest source of power there is: the wind

November 14, 2012
Total Views: 315

keith michel webb institute
Engineering News

Herbert Engineering’s Keith Michel to be Webb Institute President

R. Keith Michel, Chairman of the Board of the Herbert Engineering Group of Companies, has been appointed President of Webb Institute, the country’s

November 14, 2012
Total Views: 82

Tuesday, November 13, 2012
TheParbucklingProject.com Is The Costa Concordia Salvage Website You Have Been Waiting For

TheParbucklingProject.com Is The Costa Concordia Salvage Website You Have Been Waiting For

The re-floating stage is illustrated in this picture, after the parbuckling phase has been completed and caissons have been attached to the starboard side of

November 13, 2012
Total Views: 129