Authorities in China are racing to prevent more oil from spilling from a grounded cargo ship near Xiamen, China. Officials are saying the vessel, Gan Tai Tai Zhou, has suffered 'severe hull damage' and leaked oil into the environment, coating nearby beaches and coastline. The Gan Tai Tai Zhou was at a Xiamen anchorage last Thursday when it was … [Read more...]
Tanker Collides With Philippine Navy’s Newest and Largest Ship
Authorities in the Philippines are investigating how a commercial tanker veered off course and collided the Philippine Navy's newest and biggest ship. The Philippine Navy said the tanker MT Tasco struck the side of the BRP Tarlac Monday night off the coast of Zamboanga City in the southern Philippines. Reports indicate that the Navy ship was moored at the time of the … [Read more...]
World’s Biggest Ship Lift Opens in China
Officials in China have began testing the world's largest ship lift at the massive Three Gorges Dam in Central China. The shiplift can lift vessels up to 3,000 tons across a vertical distance of 113 meters from the reservoir to the river below. The ship chamber itself has a pool of water 120-meters long by 18-meters wide and 3.5-meters deep. The lift was built to accommodate … [Read more...]
WATCH: Truck FAILS at Backing Onto Barge
https://www.youtube.com/watch?v=gDDorMeDvII Three questions come to mind after watching this: 1. Why didn't they tie the barge off? 2. Why is nobody reacting? 3. Why does the title translate to "Obama again makes sabotage"? … [Read more...]
Pirates Storm Container Ship Off Guinea
CONAKRY, Sept 21 (Reuters) - Pirates stormed a container ship off the coast of Guinea on Wednesday, making off with money and some of its cargo but leaving the crew unharmed, the government said. They fired guns and briefly held the crew hostage while they were looting the ship named Wendok, Guinea government spokesman Albert Camara said by telephone. He did not have … [Read more...]
At $500 Million a Pop, Stacking Drillships is a Gamble That Has No Precedent
By David Wethe (Bloomberg) -- In a far corner of the Caribbean Sea, one of those idyllic spots touched most days by little more than a fisherman chasing blue marlin, billions of dollars worth of the world’s finest oil equipment bobs quietly in the water. They are high-tech, deepwater drillships -- big, hulking things with giant rigs that tower high above the deck. They’re … [Read more...]
CMA CGM Eying Consolidation Opportunities in Wake of Hanjin Collapse
ABIDJAN, Sept 20 (Reuters) - CMA CGM will look at opportunities in container shipping triggered by the collapse of South Korea's Hanjin Shipping, the French group's vice chairman said on Tuesday. Hanjin, the world's seventh largest container line, filed for receivership last month, leaving more than 100 ships and their cargo at sea. "With the collapse of Hanjin, there … [Read more...]