Maritime News from gCaptain.com

Oil Worker Killed on Talos Energy Platform in U.S. Gulf of Mexico

News from gCaptain - Tue, 02/20/2018 - 16:17

The Bureau of Safety and Environmental Enforcement is conducting an investigation into the fatality of a third-party construction worker in an area of the Gulf of Mexico known as West Cameron 215A, about 64 miles south of Lake Charles, Louisiana. By Liz Hampton and Ernest Scheyder HOUSTON, Feb 20 (Reuters) – An oil and gas […]

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Categories: Maritime News

World’s Biggest Container Company Looks for Deals Outside Shipping

News from gCaptain - Tue, 02/20/2018 - 14:57

By Christian Wienberg (Bloomberg) — The world’s largest container company will start looking for takeover targets outside the shipping industry as it tries to pre-empt a new competitive landscape in which customers are morphing into rivals. Jakob Stausholm, A. P. Moller-Maersk A/S’s chief financial officer and head of transformation and strategy, says the company needs […]

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Categories: Maritime News

Shell Time Charters Two Pioneering LNG-Powered Tankers from SCF Group

News from gCaptain - Tue, 02/20/2018 - 14:36

Russian state-owned shipping company SCF Group has signed time charter agreements with a unit of Royal Dutch Shell for the charter of two of the world’s first LNG-powered oil tankers. The signed agreements mark the next step in SCF Group’s effort to construct six Aframax tankers powered by a combination of liquefied natural gas and […]

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Categories: Maritime News

Heavy Seas Alert: North Atlantic Storm Producing 19-Meter Significant Waves Near Main Shipping Lanes

News from gCaptain - Tue, 02/20/2018 - 14:11

An intense low pressure system in the North Atlantic was producing significant wave heights of an incredible 19 meters (62 feet) on Tuesday, according to the National Weather Service.  This is a very dangerous storm with hurricane force winds and extreme waves in some of the main shipping lanes between Europe and the United States.  […]

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Categories: Maritime News

Wärtsilä and Maersk Drilling Agree to Long-Term Strategy for Thruster Maintenance

News from gCaptain - Tue, 02/20/2018 - 13:13

Finnish technology company Wärtsilä on Tuesday said it has reached an agreement with offshore drilling contractor Maersk Drilling create a long-term strategy aimed at reducing costs and downtime associated with thruster maintenance across Maersk’s fleet of modern deepwater drilling rigs. The unique partnership sets the course for mapping out a 25-year strategy for performing thruster […]

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Categories: Maritime News

Maersk Energy Boss Sees Uptick in Offshore Oil Drilling But Profit Still Squeezed

News from gCaptain - Tue, 02/20/2018 - 13:07

By Stine Jacobsen COPENHAGEN, Feb 20 (Reuters) – Prospects for the offshore oil drilling market are improving but profits for drillers are still under pressure and rates will not rise before 2019, the head of A.P. Moller-Maersk’s energy business said. Oil firms have seen cash flow climb in 2017 a high since a three-year slump […]

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Categories: Maritime News

Commodities Shipper Seeks $150 Million to Start Digital Coin

News from gCaptain - Tue, 02/20/2018 - 09:25

By Isis Almeida (Bloomberg) — The shipping agency that struck the first freight deal settled in Bitcoin is now seeking $150 million to launch its own cryptocurrency. Prime Shipping Foundation, a partnership between Gibraltar-based Quorum Capital Ltd. and ship broker Interchart LLC, is looking to raise the funds by midyear in a so-called initial coin […]

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Categories: Maritime News

Reshaped Maersk Looking to Compete Directly with UPS, Fedex

News from gCaptain - Tue, 02/20/2018 - 09:17

By Stine Jacobsen COPENHAGEN, Feb 20 (Reuters) – Denmark’s A.P. Moller-Maersk plans to compete directly with package delivery companies UPS and Fedex as it expands its transport and logistics business, its chief executive said on Tuesday. Maersk, the world’s largest container shipping company, sold its North Sea-focused oil and gas business in August to France’s […]

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Categories: Maritime News

U.K. Sells Royal Navy Flagship HMS Ocean to Brazil

News from gCaptain - Tue, 02/20/2018 - 08:45

By Tiago Ramos Alfaro (Bloomberg) — The U.K. has sold Royal Navy flagship HMS Ocean to Brazil for about 84 million pounds ($117 million) as new aircraft carrier HMS Queen Elizabeth prepares to take over as leader of the fleet. HMS Ocean will be modified by BAE Systems Plc and Babcock International Group Plc, with […]

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Categories: Maritime News

Golden Ocean Boosts Dividend Amid Improving Dry Bulk Market

News from gCaptain - Tue, 02/20/2018 - 08:38

By Joachim Dagenborg OSLO, Feb 20 (Reuters) – Dry bulk shipper Golden Ocean proposed a bigger than expected dividend for the fourth quarter on the back of forecast-beating results on Tuesday, and reiterated the market was getting better. The company, controlled by Norwegian-born billionaire John Fredriksen, returned to profit in the third quarter thanks to […]

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Categories: Maritime News

European Shipowners ‘Highly Worried’ by Indonesia’s New Protectionist Shipping Rules

News from gCaptain - Mon, 02/19/2018 - 15:21

European shipowners have come out against Indonesia’s move to restrict the import and export of certain commodities to ships flying the Indonesian flag. The European Community Shipowners’ Association issued a statement on Monday opposing Indonesia’srecent decree, which the ECSA says is highly worrying particularly since the protectionist rules come at a time when the European […]

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Categories: Maritime News

VIDEO: Here’s How SMIT Salvage Removed the Grounded TS Taipei in Taiwan

News from gCaptain - Mon, 02/19/2018 - 12:12

In March 2016, Taiwan was faced with a major environmental disaster after the containership TS Taipei ran aground and split in two near New Taipei City in the northern part of the country, spilling oil that impacted a vast strech of coastline.  To prevent further damage to the environment, SMIT Salvage was hired to remove […]

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Categories: Maritime News

Ship Crew Uses Boiling Water to Fend Off Pirate Attack in Philippines

News from gCaptain - Mon, 02/19/2018 - 11:48

Some quick thinking by the crew of a Philippine-flagged cargo ship helped fend off a pirate attack last Friday after they used boiling water as a weapon against the pirates. According to the Philippines Coast Guard, the MV Kudos was underway in the Celebes Sea about 5 miles south east of Sibago Island on February […]

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Categories: Maritime News

Australia, U.S., India and Japan in Talks to Establish Alternative to China’s Belt and Road -Report

News from gCaptain - Mon, 02/19/2018 - 11:11

SYDNEY, Feb 19 (Reuters) – Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China’s multibillion-dollar Belt and Road Initiative in an attempt to counter Beijing’s spreading influence, the Australian Financial Review reported on Monday, citing a senior U.S. official. The unnamed official was […]

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Categories: Maritime News

Violent Brawl Breaks Out Aboard Carnival Cruise Ship in Australia

News from gCaptain - Mon, 02/19/2018 - 10:38

A 3-day Australian cruise aboard a Carnival cruise ship turned into a trip from hell for some as an unruly group allegedly spent two days terrorizing other passengers on board, culminating in a violent brawl with ship security. Police in New South Wales say they are investigating the alleged fight aboard the Carnival Legend, which […]

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Categories: Maritime News

Dangerous North Atlantic Storm Impacting Shipping Lanes

News from gCaptain - Mon, 02/19/2018 - 09:33

A developing hurricane force storm low over the west-central North Atlantic continues to move eastward at 35 knots producing winds of 55-75 knots with significant wave heights up to 12 meters (40 feet) within 180 NM south and 120 NM west of the center. Over the next 24 hours max winds will be between 50-75 […]

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Categories: Maritime News

First Supertanker Fully Laden with U.S. Oil Sets Sail for China

News from gCaptain - Mon, 02/19/2018 - 08:58

By Javier Blas and David Marino (Bloomberg) — The flood of U.S. oil exports stepped up a gear on Monday after the first fully laden supertanker sailed from an American port, alleviating a bottleneck that’s limited overseas shipments. The Louisiana Offshore Oil Port, or LOOP, the only deep water port in the U.S. able to […]

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Categories: Maritime News

All Aboard for Hedge Funds as Trade Tide Lifts Shipping

News from gCaptain - Mon, 02/19/2018 - 08:40

By Jonathan Saul and Maiya Keidan LONDON, Feb 19 (Reuters) – Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are transported by sea and global shipping sectors, including dry bulk, […]

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Categories: Maritime News

Maritime Monday for February 19th, 2018: Get Your Swag On Issue

News from gCaptain - Sun, 02/18/2018 - 20:57

Several fights broke out over the 10-day cruise, including two captured on camera showing guests throwing punches on a pool deck and a ship nightclub. (One) video showed people yelling, crying, throwing punches and a crew member repeatedly kicking a guest on the floor. It’s unclear exactly how and why the fights started, but one family […]

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Categories: Maritime News

Fredriksen ‘Close’ Seadrill Debt Restructuring Deal

News from gCaptain - Sun, 02/18/2018 - 09:23

OSLO, Feb 17 (Reuters) – Seadrill’s main owner, billionaire John Fredriksen, is close to reaching a final agreement with banks, bondholders and South Korean shipyards on a financial restructuring plan, the drilling rig company said in a court filing. The Oslo and New York-listed firm, once the world’s largest offshore driller by market value, filed […]

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Categories: Maritime News
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