Shipping Industry Confidence Dips To All-Time Low [REPORT]

Overall confidence levels in the shipping industry fell to their lowest level for three and a half years in the three months ended August 2011, according to the latest shipping confidence survey by leading accountant and shipping adviser Moore Stephens. Fears about overtonnaging, and continuing uncertainty about the global economy, were the main reasons for the decline in … [Read more...]

Top 10 Risks and Opportunites for Oil and Gas Industry [REPORT]

Access to reserves is currently the biggest risk for oil and gas companies, said Ernst & Young in its annual report on the top 10 risks for the global oil and gas sector released Monday.  This is up one place from the 2010 report, replacing uncertain energy policy, which moved to number two. “While limits on access are not new, a combination of factors has pushed … [Read more...]

Report: DP glitch caused ship collision in Aberdeen harbor [INCIDENT VIDEO] On February 26, 2011, the platform supply vessel SBS Typhoon made contact with the Vos Scout and the PSV Ocean Searcher while conducting tests of a newly installed Kongsberg DP system in Aberdeen Harbor.  The authorities in charge of the investigation, UK's Marine Accident Investigation Bureau, have released the final report on the … [Read more...]

Sunday Morning on the Bering Sea: Lessons Learned

U.S. Coast Guard photo By Doug Pine I recently took a temporary job as master of the tug Aries with a freight barge from Seward to Chignik, Alaska then light boat to Dutch Harbor where I grabbed another freight barge and was to take it to Nome. We got as far as a position approximately 102 nm ESE of St. Paul Island in the Bering Sea. What follows is the story of the … [Read more...]