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A ship departs Port of Dar es Salaam. FIle photo via Wikimedia Commons

Tanzania Port Authority Head Suspended in Latest Scandal

On February 17, 2015 By Reuters
The acting director of Tanzania's port authority has been suspended pending an investigation into allegations he violated procurement procedures, officials said on Tuesday.
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vlgc bw prince

BW LPG Gains Financing for 7-Ship Newbuild Program

On February 17, 2015 By gCaptain
BW LPG Ltd announced today that its seven-ship new construction program of very large gas carriers (VLGCs) has gained USD $400 million in debt financing. The financing was gained via the Export-Import Bank of [...]
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MV Chinese Steel Developer (c) MarineTraffic.com/

Master Fined for Breaching Great Barrier Reef Navigation Rules

On February 17, 2015 By Mike Schuler
A Taiwanese ship captain has been fined over USD$6,000 for navigating his vessel through an area of the Great Barrier Reef Marine Park without a pilot.
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viking neptune

Kleven Delivers New Subsea Monster to Eidesvik

On February 17, 2015 By Rob Almeida
Offshore vessel owners around the world are so jealous right now of Eidesvik. The Norwegian offshore vessel owner accepted delivery today of the 145 meter long construction vessel Viking Neptune [...]
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File photo Gulf Of Mexico oil rig and workboat. Photo via BSEE

Oil Rises as OPEC Producers Signal Optimism Over Market Recovery

On February 17, 2015 By Bloomberg
Oil extended three consecutive weekly gains in London as OPEC ministers signaled their confidence that the market can sustain its rebound.
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skandi yare

Norskan Offshore Sells Off 5 UT-Design OSVs

On February 17, 2015 By Rob Almeida
Norskan Offshore, the Rio de Janeiro-based subsidiary of Norwegian shipowner DOF ASA, has entered into an agreement today for the sale of 5 offshore support vessels operating in Brazil. The ships [...]
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apl neptune orient lines

Japan’s Kintetsu Express to Acquire APL Logistics

On February 17, 2015 By Reuters
The expected APL Logistics deal value is far higher than the $750 million to $900 million range that sources said Singapore-based NOL had been looking for.
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8046916105_2427244d03_z-635x421

Captain Sentenced to Eight Years In Jail Over 2012 Hong Kong Ferry Disaster

On February 16, 2015 By Mike Schuler
The captain of a passenger ferry has been convicted of manslaughter and sentenced to eight years in jail for his role in the fatal 2012 Lamma ferry disaster near Hong [...]
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U.S. Coast Guard image

Australian Lunatics Narrowly Avert Death Off Nantucket

On February 16, 2015 By Rob Almeida
Lunatics, a-holes, idiots… whatever you want to call them… In January, Reg and Jason McGlashan paid USD $10,000 for the 43-foot sailboat Sedona off eBay with the intention of sailing [...]
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File photo of MOL Contribution (c) MarineTraffic/V.Tonie

MOL Containership Suffers Fire at Port of Oakland

On February 16, 2015 By Mike Schuler
Firefighters in Oakland battled a two-alarm blaze in the superstructure of a cargo ship berthed at the Port of Oakland on Sunday evening. The fire was reported just before 6 [...]
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Ship's at anchor off LA-LB

Bottleneck from U.S. Port Drama Pushes up Global Freight Rates

On February 16, 2015 By Reuters
A U.S. West Coast port strike is pushing up shipping freight rates as delays in offloading and taking on new cargo mean container ships are unavailable for new orders.
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Hydril Blow Out Preventer Discoverer Clear Leader

Will Siemens Go Subsea?

On February 16, 2015 By Bloomberg
Subsea “has been one of the biggest growth areas in the last two decades and will continue despite the near-term fluctuations in commodity prices..."
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diamond offshore drilling ocean blackhornet

SPOTD: Diamond Offshore’s Ocean BlackHornet Arrives

On February 16, 2015 By Rob Almeida
A gCaptain contributor sent us the following image over the weekend of Diamond Offshore’s new drillship, Ocean BlackHornet, now located in the Gulf of Mexico. The rig was delivered in [...]
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steven newman transocean

Steven Newman Steps Down as Transocean CEO

On February 15, 2015 By Rob Almeida
In March 2010, long-time Transocean CEO Robert Long turned over the reins to then COO Steven Newman.  For Newman, this was an exciting opportunity to lead his company forward as [...]
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