Investigation Into Petrojarl Knarr Fire Uncovers Defects

Teekay's Petrojarl Knarr FPSO is on charter to BG Group. Photo: BG Group

Norway's Petroleum Safety Authority has uncovered a number of defects and shortcomings in its investigation into the March 2015 fire onboard the Petrojarl Knarr floating production and storage unit (FPSO) at the Knarr field offshore Norway. The fire broke out early on March 24, 2014 - less than a week after the FPSO come online - in a ventilation system located beneath the … [Read more...]

Ship Operating Costs to Rise Over Next Two Years, Drewry Says

Photo: Shutterstock/mandritoiu

The cost of operating cargo ships is forecast to rise over the next two years after falling slightly in 2015, according to the latest Ship Operating Costs Annual Review and Forecast 2015/16 report published by global shipping consultancy Drewry. The average decline in ship operating costs across the sectors covered in the report in 2015 was 1.0%, but for ships that are big … [Read more...]

Statoil Exits Alaskan Arctic


Norwegian oil major Statoil says it has decided to exit its operations in Alaska as it tightens up its exploration portfolio. The decision means that Statoil will exit its 16 operated leases, and its stake in 50 leases operated by ConocoPhillips, all in the Chukchi Sea. The leases were awarded in the 2008 lease sale in Alaska and are set to expire in 2020. Statoil will … [Read more...]

Crowley Breaks Ground on New San Juan Pier

Photo: Crowley Maritime Corp.

Crowley Maritime Corp. has broken ground on a $48.5 million pier development project in San Juan, Puerto Rico that will be used to service Crowley's new LNG-powered ships beginning in 2017. The new pier is located at Crowley's existing Isla Grande Terminal in San Juan. The project includes the development of a new 900-foot-long, 114-foot-wide concrete pier and dredging … [Read more...]

China Merchants in Talks to Acquire Sinotrans & CSC-Caixin

bulk carrier

SHANGHAI, Nov 17 (Reuters) - Chinese transport conglomerate China Merchants Group is in talks to acquire logistics group Sinotrans & CSC in the latest deal in the country's state sector, financial magazine Caixin reported late on Monday. The two companies have been locked in reorganization talks, Caixin said, citing sources close to China Merchants. Officials from … [Read more...]

Shanghai Port Struggles in Quest to Become Global Shipping Leader

Port of Shanghai. Photo credit: Shutterstock/chungking

By Bloomberg News (Bloomberg) -- Five years after it passed Singapore to become the world’s largest container port by throughput, Shanghai is finding it a struggle to become a leader in shipping services too. China’s financial capital still lags behind Singapore, London, Hong Kong, Rotterdam and Hamburg for overall port conditions and maritime services, according to an … [Read more...]

NTSB Abandons Search for El Faro’s Missing Voyage Data Recorder

SS El Faro. Photo: Tote Maritime

The National Transportation Safety Board says it has completed its documentation of the wreck of the cargo ship El Faro and the associated debris field, but the vessel’s voyage data recorder (VDR) has not been located. No further search missions for the VDR are planned, the NTSB said. “Over the years we’ve completed many investigations without the aid of … [Read more...]