Maritime News from gCaptain.com

Cargill Aims to Cut Shipping Emissions 15 Percent by 2020

News from gCaptain - Mon, 06/18/2018 - 15:14
By P.J. Huffstutter CHICAGO, June 18 (Reuters) – Cargill Inc aims to cut carbon emissions from its international shipping unit by as much as 15 percent by 2020, to meet U.N. regulations to reduce pollution and demands from some of its food manufacturer customers for more environmentally-friendly operations. The global commodities trader, which was scheduled […]
Categories: Maritime News

Shipping Associations: IMO Member States Must Progress on Key Sulphur Cap Issues at Critical Meeting Next Month

News from gCaptain - Mon, 06/18/2018 - 12:21
Some of the world’s leading international shipping associations are calling on the Member States of the International Maritime Organization (IMO) for progress on some of the key challenges surrounding the imminent 0.5 percent sulfur limit for bunker fuel burned by the world’s merchant shipping fleet. The trade associations, which include BIMCO, the International Chamber of Shipping, […]
Categories: Maritime News

Equinor Awards $3.7 Billion in Drilling and Well Services Contracts in Norway

News from gCaptain - Mon, 06/18/2018 - 12:13
Norwegian energy major Equinor has awarded new contracts for integrated drilling and well services contracts amounting to NOK 30 billion (about $3.7 billion). Equinor, which was recently renamed from Statoil, awarded the contracts to Baker Hughes Norge, Halliburton AS and Schlumberger Norge AS and cover most of the Equinor-operated fields on the Norwegian continental shelf. […]
Categories: Maritime News

EchoStar Considering Raising Offer for Inmarsat -Source

News from gCaptain - Mon, 06/18/2018 - 11:38
By Dinesh Nair, Manuel Baigorri and Scott Moritz (Bloomberg) — EchoStar Corp. is considering raising its offer for rival Inmarsat Plc after its initial approach for the British satellite company was rejected as being too low, according to people familiar with the matter. EchoStar, founded by billionaire Charlie Ergen, is discussing financing for an improved […]
Categories: Maritime News

China’s Tariffs on U.S. Oil to Disrupt $1 Billion Per Month Business

News from gCaptain - Mon, 06/18/2018 - 11:09
By Henning Gloystein SINGAPORE, June 18 (Reuters) – China’s threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month. In an escalating spat over the United States’ trade deficit with most of its major trading partners, […]
Categories: Maritime News

Deutsche Bank Said to Offload $1 Billion Ship Loan Portfolio

News from gCaptain - Mon, 06/18/2018 - 09:53
By Arno Schuetze and Jonathan Saul FRANKFURT/LONDON, June 14 (Reuters) – Deutsche Bank has found a buyer for the bulk of its bad ship loans as it seeks to draw a line under sour investments in the sector and to start a fresh push in transport lending, people close to the matter said. Germany’s flagship […]
Categories: Maritime News

Incident Video: 1,000-Foot Laker ‘American Spirit’ Runs Aground in Duluth Harbor

News from gCaptain - Mon, 06/18/2018 - 09:21
Minnesota’s Duluth Harbor was briefly shut on Sunday after a large laker ran aground just short a breakwall. The 990-foot M/V American Spirit was departing Duluth Harbor fully loaded with taconite when it grounded about 50-feet from the breakwall at approximately 3:30 p.m. local time while attempting to turn out of the harbor. A time-lapse […]
Categories: Maritime News

The Not-So-Surprising Commodity Excluded from China’s Tariff List

News from gCaptain - Mon, 06/18/2018 - 08:33
By Ryan Collins (Bloomberg) — In punching back against U.S. tariffs, China included almost all energy-related commodities on a list of its retaliatory actions. The exception: liquefied natural gas. That’s not surprising, according to a report Monday by Wood Mackenzie Ltd., a U.K.-based research firm. After an aggressive coal-to-gas switching policy was put in place […]
Categories: Maritime News

Damen and Saab announce partnership to participate on the tender for the Tamandaré Class Corvette

News from gCaptain - Mon, 06/18/2018 - 08:17
Press Release – Damen Shipyards – In order to meet the needs of the Brazilian Navy, Damen Schelde Naval Shipbuilding and Saab come together to develop the project that will supply four Tamandaré Class corvettes. The companies are world-leading references in the development of naval solutions. Damen is a Dutch company and a global leader […]
Categories: Maritime News

Port Kembla Reopens After Bulker Blaze

News from gCaptain - Mon, 06/18/2018 - 04:19
by Nick Ford (Reuters) – A fire in the hold of a bulker ship on Monday briefly closed Australia’s Port Kembla, the second-largest coal export port in New South Wales state, stopping shipping for eight hours. The port was shut soon after the blaze began before dawn on the MV Iron Chieftain as it unloaded […]
Categories: Maritime News

Humanitarian Boat Turned Away by Italy Arrives in Spain

News from gCaptain - Sun, 06/17/2018 - 07:38
By Luis Felipe Fernandez and Jordi Rubio VALENCIA, Spain, June 17 (Reuters) – A migrant rescue boat turned away by Italy and Malta arrived at the Spanish port of Valencia on Sunday, ending a grueling voyage which has made it a symbol of Europe’s failure to agree on immigration. Spain swooped to help 629 mainly sub-Saharan […]
Categories: Maritime News

The Merchant Marine Is Of Critical Importance Says US SECDEF Mattis At Kings Point Graduation

News from gCaptain - Sun, 06/17/2018 - 05:48
by Lisa Ferdinando – The United States needs its Merchant Marine officers to employ discipline, strategic thinking and strong ethics in the often challenging and dangerous maritime transport industry, Defense Secretary James N. Mattis said today during his commencement remarks to 187 graduates at the U.S. Merchant Marine Academy in Kings Point, New York. The […]
Categories: Maritime News

Italy Bans Two Dutch Migrant Rescue Vessels

News from gCaptain - Sat, 06/16/2018 - 15:24
by Philip Pullella (Reuters) A heated exchange erupted after interior minister Matteo Salvini told more foreign NGOs operating migrant rescue ships in the Mediterranean they could not dock in Italian ports. Salvini, who is also leader of the right-wing League and deputy prime minister, posted remarks on Facebook and Twitter in an escalating row with NGOs […]
Categories: Maritime News

Felixstowe’s New IT System Is Blamed For Significant Delays

News from gCaptain - Fri, 06/15/2018 - 13:12
by Alexander Whiteman (TheLoadstar) The UK’s major container gateway of Felixstowe is expected to continue experiencing severe congestion after the troubled implementation of a new IT system. An advisory issued by MSC said all carriers calling at the port were still experiencing “significant delays”. “MSC expects these delays to continue, which will affect vessel arrival […]
Categories: Maritime News

China Strikes Back At Trump Tariffs

News from gCaptain - Fri, 06/15/2018 - 11:59
By Andrew Mayeda (Bloomberg) The Trump administration moved the U.S. to the edge of a trade war with China by announcing tariffs on $50 billion in Chinese imports and pledging additional investment restrictions, which Beijing immediately vowed to retaliate against. The response from China signaled a rapid escalation of the dispute. The world’s No. 2 […]
Categories: Maritime News

Spain To Offer Maritime Migrants Free Healthcare

News from gCaptain - Fri, 06/15/2018 - 11:51
By Rodrigo de Miguel (Reuters) – Spain’s new socialist government promised on Friday it would restore free healthcare for undocumented migrants, a right removed by the former administration as part of cost-cutting. The move is the latest migrant-friendly initiative by the government of Pedro Sanchez, who offered on Monday to take in a rescue ship […]
Categories: Maritime News

China Fire Missiles In South China Sea As Tensions Heighten

News from gCaptain - Fri, 06/15/2018 - 11:46
by Christian Shepherd (Reuters) – China’s navy carried out drills in the South China Sea to simulate fending off an aerial attack, state media said on Friday, as the country trades barbs with the United States over responsibility for heightened tension in the disputed waterway. U.S. Secretary of State Mike Pompeo expressed concern during a […]
Categories: Maritime News

Russian Navy Put On High Alert

News from gCaptain - Fri, 06/15/2018 - 11:37
  by Anton Zverev (Reuters) – Sources close to the Russian military said on Thursday that Russian naval forces in the Black Sea had been put on heightened alert to discourage Ukraine from trying to disrupt the soccer World Cup as the tournament got under way. However, the Defence Ministry itself dismissed the reports, saying in […]
Categories: Maritime News

Tiny Japan Shipping Shares Jump On North Korea Detente Hopes

News from gCaptain - Fri, 06/15/2018 - 09:33
by Yoshiyuki Osada (Reuters) – Shares of small Japanese shippers jumped this week after the historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un sparked hopes of news business ties with the reclusive country. Japanese retail investors are snatching up shares of the firms that may benefit from a potential […]
Categories: Maritime News

Rolls-Royce CEO Sets Ambitious Goals

News from gCaptain - Fri, 06/15/2018 - 07:55
by Sarah Young (Reuters) – Rolls-Royce said it would exceed its 2020 guidance as it announced new ambitious mid-term goals, sending its shares to four-year highs and reflecting investor faith that CEO Warren East can transform Britain’s best known engineering firm. The maker of engines for civil planes, military jets and ships has been in turnaround […]
Categories: Maritime News
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