Maritime News from gCaptain.com

After Florida, More States Press Trump Administration for Offshore Drilling Exemptions

News from gCaptain - Wed, 01/10/2018 - 16:29

By Valerie Volcovici WASHINGTON, Jan 10 (Reuters) – Governors and other officials from several U.S. coastal states ramped up pressure on the Trump administration on Wednesday to exempt their waters from an offshore drilling plan, hours after the Interior Department granted Florida’s request to opt out. The backlash could complicate President Donald Trump’s efforts to […]

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Categories: Maritime News

Saudi-Led Coalition Says it Thwarted an Attack on Oil Tanker Off Yemen

News from gCaptain - Wed, 01/10/2018 - 13:43

RIYADH, Jan 10 (Reuters) – The Saudi-led coalition fighting in Yemen said on Wednesday it had thwarted an attack on a Saudi oil tanker over the weekend by Houthi fighters near the Red Sea port of Hodeidah. The coalition destroyed a boat carrying explosives as it headed towards the tanker on Saturday, coalition spokesman Colonel […]

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Categories: Maritime News

China Oil Spill Compensation Claims Face Iran Payment Snags

News from gCaptain - Wed, 01/10/2018 - 11:17

By Jonathan Saul LONDON, Jan 10 (Reuters) – The reluctance of foreign banks to deal with Iran could complicate any compensation payments resulting from the collision last week of an Iranian oil tanker and a Chinese cargo ship, sources say. The tanker Sanchi, carrying 136,000 tonnes of highly flammable condensate oil, collided with the Chinese […]

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Categories: Maritime News

Carriers Beginning to Postpone ULCV Deliveries Amid Overcapacity and Softer Demand

News from gCaptain - Wed, 01/10/2018 - 10:58

By Mike Wackett (The Loadstar) – Where contracts allow, ocean carriers are starting to postpone deliveries of new ultra-large container vessels (ULCVs) in the face of the return of the twin challenges of cellular overcapacity and softening demand. Alphaliner claimed today that Cosco has deferred 10 of the 28 ULCVs it was due to receive […]

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Categories: Maritime News

IMB: Maritime Piracy in 2017 Reached 22-Year Low

News from gCaptain - Wed, 01/10/2018 - 10:51

A total of 180 incidents of piracy and armed robbery against ships were reported to the International Chamber of Commerce’s (ICC) International Maritime Bureau (IMB) in 2017, according to the latest IMB report. This is the lowest annual number of incidents since 1995, when 188 reports were received. In 2017, 136 vessels were boarded, while […]

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Categories: Maritime News

More Mega-Ships Are a Big Problem for Cargo Carriers

News from gCaptain - Wed, 01/10/2018 - 09:58

By Kyunghee Park (Bloomberg) — Container shipping companies are bracing for a challenging year — they will have more space available for carrying goods than the amount of cargo that’s out there. Corrine Png, chief executive officer of research firm Crucial Perspective, estimates freight-carrying capacity on container ships will rise 5.9 percent this year, outstripping demand growth […]

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Categories: Maritime News

Explosion on Burning Tanker Sanchi Forces Rescue Crews to Retreat

News from gCaptain - Wed, 01/10/2018 - 08:50

By Josephine Mason and Yuna Park BEIJING/SEOUL, Jan 10 (Reuters) – Rescue crews were forced to retreat from a stricken Iranian oil tanker in the East China Sea on Wednesday following an explosion on the ship as a fire raged for a fourth day after a dramatic collision. The blast happened on board the tanker […]

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Categories: Maritime News

Trump Yanks Florida From Offshore Drilling Plan After Objections

News from gCaptain - Wed, 01/10/2018 - 08:07

By Jennifer A. Dlouhy (Bloomberg) — The Trump administration is ruling out plans to sell new drilling rights off the coast of Florida, including eastern Gulf of Mexico waters coveted by oil companies, amid pressure from Republican Governor Rick Scott. The about-face came just five days after the Interior Department said it was considering selling […]

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Categories: Maritime News

Yemen’s Houthis Threaten to Block Red Sea Shipping Lane

News from gCaptain - Tue, 01/09/2018 - 12:46

By Aziz El Yaakoubi DUBAI, Jan 9 (Reuters) – Yemen’s armed Houthi movement threatened to block the strategic Red Sea shipping lane if the Saudi-led coalition it is fighting keeps pushing towards the port of Hodeidah it controls, the Houthi-run SABA news agency reported. Yemen lies beside the southern mouth of the Red Sea, one of […]

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Categories: Maritime News

Teekay Teams Up with Wärtsilä on New Shuttle Tanker Design

News from gCaptain - Tue, 01/09/2018 - 11:42

Vancouver-based Teekay has teamed up with the Finnish technology company Wärtsilä to develop a new shuttle tanker concept with plans to construct at least four of the dual-fuel, next-generation shuttle tankers. The four newbuilds will be built at the Samsung Heavy Industries (SHI) yard in South Korea. Wärtsilä says the new concept will offer a […]

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Categories: Maritime News

Singapore Uncovers Large Oil Heist at Shell’s Biggest Refinery

News from gCaptain - Tue, 01/09/2018 - 10:09

By John Geddie and Henning Gloystein SINGAPORE, Jan 9 (Reuters) – Eleven men were charged in a Singapore court on Tuesday in connection with a large-scale oil theft at Shell’s biggest refinery, while police said they were investigating six other men arrested in a weekend raid. Police in the island-state said on Tuesday they had […]

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Categories: Maritime News

Supertanker Earnings Fall Victim to OPEC Oil Cuts

News from gCaptain - Tue, 01/09/2018 - 08:17

By Firat Kayakiran (Bloomberg) — OPEC’s strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry’s supply chain: the fleet of supertankers that shuttle fuel between continents. The ships’ average earnings plunged last year by more than half to levels not seen since 2009 and far below […]

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Categories: Maritime News

Sanchi Tanker Burns for Third Day in East China Sea

News from gCaptain - Tue, 01/09/2018 - 08:09

By Josephine Mason and Yuna Park BEIJING/SEOUL, Jan 9 (Reuters) – Strong winds, high waves and toxic gases are hindering dozens of rescue boats struggling to locate missing sailors from a stricken oil tanker in the East China Sea and to extinguish a fire that has burned for the past three days on the ship. The […]

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Categories: Maritime News

Video Shows Inferno on Tanker MT Sanchi Shortly After Collision Off China

News from gCaptain - Mon, 01/08/2018 - 11:25

Photos and video taken in the aftermath of a collision involving two commercial vessels in the East China Sea on Saturday night show the extent of the maritime disaster still unfolding.  The Hong Kong-flagged bulk carrier, CF Crystal, and Iranian-flagged MT Sanchi collided on January 6 approximately 160 nautical miles off the coast near Shanghai, causing […]

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Categories: Maritime News

Human Error to Blame for ‘Majority’ of Auxiliary Engine Damage Claims -Marine Insurer

News from gCaptain - Mon, 01/08/2018 - 11:15

The majority of auxiliary engine damage occurring onboard ships happens as the result of human error, according to a new warning from the marine insurer The Swedish Club. An investigation into auxiliary engine damage by The Swedish Club, one of the leading marine mutual insurance companies, revealed that the majority of all damage takes place […]

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Categories: Maritime News

Healthier New Year for Container Charter Market, But Owner Concerns Remain

News from gCaptain - Mon, 01/08/2018 - 11:10

By Mike Wackett (The Loadstar) – The containership charter market has entered 2018 in a much healthier state than it was a year ago, but shipowners remain concerned about the impact of liner consolidation on vessel employment. Alphaliner’s charter index finished 2017 46% higher than 12 months previously, with all sectors recording improvements in what the […]

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Categories: Maritime News

As Iranian Tanker Burns at Sea, South Korean Buyer Seeks Other Supply

News from gCaptain - Mon, 01/08/2018 - 10:57

By Heesu Lee, Ann Koh and Serene Cheong (Bloomberg) — Hanwha Total Petrochemical Co. bought alternative supply after a fire on board an Iranian oil tanker that was destined for the South Korean company. Crew members of the vessel were still missing following a collision in the East China Sea with another ship that’s left it in […]

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Categories: Maritime News

British Navy Frigate Escorts Russian Ships Through English Channel

News from gCaptain - Mon, 01/08/2018 - 10:42

LONDON, Jan 8 (Reuters) – A British frigate escorted Russian ships through the English Channel on Monday, Britain’s defense ministry said, adding that it was the latest sign of an upsurge in Russian naval activity near UK waters over the festive period. Royal Navy frigate HMS Westminster was sent to monitor four Russian vessels over […]

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Categories: Maritime News

U.S. Offering Up Offshore Waters to Drillers, But Focus Is On Eastern Gulf

News from gCaptain - Mon, 01/08/2018 - 10:35

By Ernest Scheyder and Valerie Volcovici HOUSTON/WASHINGTON, Jan 8 (Reuters) – President Donald Trump’s administration has proposed opening up nearly all of America’s offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of it, now cordoned off by the Pentagon: the eastern Gulf of Mexico. The […]

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Categories: Maritime News

Frigid U.S. Takes Gas From U.K. Site Where Russia’s First Yamal Cargo Was Delivered

News from gCaptain - Mon, 01/08/2018 - 10:27

By Rob Verdonck and Elena Mazneva (Bloomberg) — Not many people had expected the U.S. to turn to Europe for natural gas this winter. Yet the polar chill that gripped the U.S. East Coast this month, and sent spot prices to records, has led to a tanker loading a cargo of liquefied natural gas in […]

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Categories: Maritime News
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