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crowley accord acquisition

Crowley Enters International Ship Management Market, Acquires Accord

On April 8, 2014 By Rob Almeida
Crowley Maritime Corp has is expanding their operations into the international ship management sector today following an announcement that it has acquired majority ownership of Accord Ship Management (HK) Limited [...]
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Flag-Pins-Indonesia-China

South China Sea – Indonesia Seeking Clarity (or butting heads?) with China

On April 8, 2014 By Bloomberg
by Neil Chatterjee (Bloomberg) - Indonesia is seeking clarity on China’s intent behind its maritime claims in the South China Sea to avoid the risk of miscalculations in a zone rich in natural gas, [...]
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port hole ship

A Porthole of an Exit Window for Shipping Investments?

On April 7, 2014 By Basil Karatzas
After a year where large vessels such as capesize bulkers and supertankers were barely earning break-even day rates, momentum has since picked up in the shipping market translating to higher [...]
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Navy

U.S. Navy Ready to Deploy Laser Weapon Prototype

On April 7, 2014 By Mike Schuler
The U.S. Navy is getting ready to deploy a prototype laser weapon technology reminiscent of something you would expect to see in a Star Wars movie. The prototype, an improved [...]
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shutterstock_23128120

gCaptain Radio Episode 39: It’s OK, the Coast Guard will save me

On April 7, 2014 By Mike McDonald
This week marks the 39th episode of gCaptain Radio sponsored by Six Maritime. gCaptain Radio is a weekly talk show discussion with gCaptain founder John Konrad and radio host Jeff Eckles. gCaptain Radio is recorded each [...]
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osg

Overseas Shipholding Approved to Sign $300 Million Equity Deal

On April 7, 2014 By Bloomberg
Overseas Shipholding Group Inc. won court permission to sign a deal with its lenders that would raise $300 million from a share sale as part of the company’s plan to exit bankruptcy.
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Photo courtesy Tropical Shipping

Saltchuk Acquires Tropical Shipping for $220 Million

On April 7, 2014 By gCaptain Staff
A subsidiary of Seattle-based Saltchuk Resources, one of the nation’s leading transportation and petroleum distribution companies, has entered into a binding purchase and sale agreement to acquire Tropical Shipping, a [...]
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Photo courtesy Frank Mahn

Alfa Laval Buys Norwegian Pump Maker Frank Mohn for $2.2 Billion

On April 7, 2014 By Bloomberg
By Andrew Noel and Veronica Ek April 7 (Bloomberg) — Alfa Laval AB agreed to buy Norwegian pumpmaker Frank Mohn AS, the manufacturer of Framo pumps, for 13 billion kroner ($2.2 billion) to [...]
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Photo courtesy BG Group

BG Group to Move LNG and Oil Marketing to Singapore

On April 7, 2014 By Bloomberg
By Chou Hui Hong April 7 (Bloomberg) — BG Group Plc, Britain’s third- largest natural gas producer, will move its global headquarters for marketing LNG and oil to Singapore in [...]
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polar due seismic vessel array dolphin geophysical

Ships Move World’s Largest Floating Object

On April 7, 2014 By Rob Almeida
The sheer expanse of the world’s oceans is beyond the realm of comprehension for most.  Only those have crossed oceans from a sea-level perspective, or perhaps long-haul airline pilots, can [...]
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The Morning Glory tanker loaded with rebel crude docked at the Es Sider export terminal in Ras Lanuf March 8, 2014. REUTERS/Esam Omran Al-Fetori

Libya’s Ports Prepare To Load Oil Tankers After Deal – UPDATE

On April 7, 2014 By Reuters
By Ahmed Elumami TRIPOLI, April 7 (Reuters) – Libya’s Zueitina oil port prepared on Monday to load crude on tankers after the government reached a deal with rebels to reopen [...]
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towed pinger locator

U.S. Navy’s Towed Pinger Locator Detects Possible Signs of MH370

On April 6, 2014 By Rob Almeida
950 miles northwest of Perth, Australia, the U.S. Navy’s towed pinger locator (TPL) may have found the tell-tale pings of the black box from MH370. “The detected signals are consistent [...]
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