Maritime News from gCaptain.com

Top US Naval Analyst Warns Of A Looming Naval Disaster With China

News from gCaptain - Fri, 06/15/2018 - 05:55
by Captain John Konrad (gCaptain) Early this month the House Committee on Intelligence held a panel to investigate China’s global plans for military expansion. Of particular interest to gCaptain readers are the comments by Captain James Fanell, a fellow at the Geneva Centre for Security Policy, who warns that a major naval disaster looms on the horizon.  Captain Fanel retired […]
Categories: Maritime News

Trump Hits China With Tariffs, Vowing More If It Strikes Back

News from gCaptain - Fri, 06/15/2018 - 05:46
By Andrew Mayeda and Jenny Leonard (Bloomberg) — President Donald Trump’s administration moved the U.S. to the brink of a trade war with China, announcing tariffs on $50 billion in Chinese imports that America’s biggest trading partner has vowed to retaliate against. In a statement Friday, Trump pledged additional tariffs if China follows through on […]
Categories: Maritime News

Containership Abandoned in Bay of Bengal Due to Major Fire

News from gCaptain - Thu, 06/14/2018 - 10:58
The Indian Coast Guard has rescued all 22 crew member of a containership following a major fire aboard the vessel while about 50 miles off the coast of India in the Bay of Bengal. The India-flagged SSL Kolkata reported fire just after midnight on Thursday. The fire was reportedly caused by an explosion in one […]
Categories: Maritime News

How the West Can Counter China’s Maritime Expansion

News from gCaptain - Thu, 06/14/2018 - 09:51
by Hal Brands (Bloomberg) In previous articles I’ve explored the changing nature of China’s challenge to U.S. interests and the existing international order, with a particular focus on three issues: China’s progressively more global military ambitions, its promotion of authoritarianism and subversion of democratic practices abroad, and its efforts to build new international institutions more responsive […]
Categories: Maritime News

Libya’s Biggest Oil Ports Stop Pumping

News from gCaptain - Thu, 06/14/2018 - 09:40
by Salma El Wardany (Bloomberg) Two of Libya’s biggest oil ports stopped loading on Thursday after clashes erupted between rival forces for control of the country’s economic lifeline, taking more barrels off the market just as OPEC debates whether to boost production. Fighting at Es Sider and Ras Lanuf terminals led to the loss of about […]
Categories: Maritime News

Migrant Rescue Ship Blocked From Italian Port: Pope Francis Steps In To Patch Relations With France

News from gCaptain - Thu, 06/14/2018 - 09:02
by Steve Scherer (Reuters) – Italy and France tried to patch up a row over immigration on Thursday as Pope Francis urged politicians everywhere to work together on helping refugees and respect their dignity. Italy summoned France’s envoy on Wednesday and demanded an apology from President Emmanuel Macron, who had said Rome’s move to block […]
Categories: Maritime News

Royal Caribbean Adds Ultra-Luxury Cruises with $1 Billion Stake in Silversea

News from gCaptain - Thu, 06/14/2018 - 08:54
by Aishwarya Venugopal (Reuters) – Royal Caribbean Cruises said on Thursday it would buy a 66.7 percent stake in privately owned Silversea Cruises for about $1 billion to add ultra-luxury and expedition cruises to its fleet. Silversea Cruises, which has nine ships, sails to destinations including Antarctica, the Arctic and Greenland, with most of its […]
Categories: Maritime News

Saudi Arabia and UAE Announce Plan to Protect Shipping Lane to Yemen’s Hodeidah Port

News from gCaptain - Wed, 06/13/2018 - 16:23
RIYADH/DUBAI, June 14 (Reuters) – Saudi Arabia and the United Arab Emirates announced a five-point aid plan for Yemen’s Hodeidah port and surrounding areas on Wednesday, after a Saudi-led alliance of Arab states launched an attack on Yemen’s Houthi-held main port city. As part of the plan, the two coalition states aim to establish a […]
Categories: Maritime News

Port of Long Beach Crane Operators Set New Single-Shift Cargo Record

News from gCaptain - Wed, 06/13/2018 - 14:30
A pair of crane operators at the Port of Long Beach on the U.S. West Coast have set a new productivity record for moving the most cargo using a single crane during one eight-hour shift. The record was set on May 15 when two crane operators working the containership Gudrun Maersk at Total Terminals International’s […]
Categories: Maritime News

Yemen War’s Biggest Battle Underway Over Control of Main Port

News from gCaptain - Wed, 06/13/2018 - 12:30
By Mohammed Ghobari and Mohamed Mokhashef ADEN, June 13 (Reuters) – A Saudi-led alliance of Arab states launched an attack on Yemen’s main port city on Wednesday in the largest battle of the Yemen war, aiming to bring the ruling Houthi movement to its knees at the risk of worsening the world’s biggest humanitarian crisis. […]
Categories: Maritime News

U.S. Barge Operator Tidewater Reportedly Put Up for Sale

News from gCaptain - Wed, 06/13/2018 - 12:14
By Gillian Tan (Bloomberg) — Stonepeak Infrastructure Partners, a $15 billion firm led by former Blackstone Group LP dealmakers, is seeking to sell barge and terminal operator Tidewater Holdings Inc., according to people familiar with the matter. Tidewater could fetch a price around $500 million, said some of the people, who asked not to be […]
Categories: Maritime News

Investors Nervous as Doubts Raised Over COSCO Takeover of OOCL

News from gCaptain - Wed, 06/13/2018 - 11:50
By Mike Wackett (The Loadstar) – COSCO’s $6.3bn takeover of Orient Overseas International (OOIL), parent of container line OOCL, is now in doubt, according to Alphaliner. The consultant said “doubts remain” whether the acquisition could be completed by the 30 June completion deadline. The deal, announced in July last year, would see COSCO acquire 90.1% […]
Categories: Maritime News

America’s Gas Prices May Double by 2040 as LNG Exports Grow

News from gCaptain - Wed, 06/13/2018 - 11:10
By Rachel Adams-Heard (Bloomberg) — American gas prices could double by 2040 as the U.S. exports more liquefied natural gas, but consumers will be shielded as production of the fuel increases and trade balances improve. That’s the conclusion from a study commissioned by the U.S. Department of Energy that found an almost 50 percent chance […]
Categories: Maritime News

Charleston Harbor Deepening Project Receives $49 Million in Federal Funding

News from gCaptain - Wed, 06/13/2018 - 11:06
The project to deepen the shipping channel leading to the South Carolina’s Port of Charleston to 52 feet will receive $49 million in federal funding next year. The U.S. Army Corps of Engineers (USACE) announced the $49 million for the Charleston Harbor Deepening Project will be included in its Fiscal Year 2018 Work Plan. Together […]
Categories: Maritime News

Floating Offshore Wind Farm Proposed for Central Coast California

News from gCaptain - Wed, 06/13/2018 - 10:29
One of the world’s leading offshore wind farm operators is making its entry in the North American wind market with a proposal to develop one of the the U.S. West Coast’s first offshore wind projects off the central coast of California. German renewable energy company EnBW says it has formed a joint venture with Seattle-based […]
Categories: Maritime News

An Alarming Number Of Shipping Companies Are Banning Knives, Here’s How To Stop Them

News from gCaptain - Wed, 06/13/2018 - 09:11
by Capt. John Konrad (gCaptain) A disturbing and dangerous trend is growing offshore. Despite overwhelming evidence that knives are essential to the safety of life at sea, shipping companies are increasingly banning the use of knives aboard ship.   Back in the days of tall ships, captains would break off the pointy tips of knives […]
Categories: Maritime News

ABB to improve Edda Fides floating hotel safety with leading digital technology

News from gCaptain - Wed, 06/13/2018 - 06:30
Press Release – ABB has won a contract to supply an innovative ABB Ability™ Marine Advisory System – OCTOPUS marine software for one of the world’s most advanced floating hotel vessels for offshore operation. The 600-person accommodation vessel Edda Fides, operated by Edda Accommodation, will now be able to integrate real-time weather forecasts with ABB […]
Categories: Maritime News

Saudi-Led Alliance Set for Battle Over Yemen’s Biggest Port

News from gCaptain - Tue, 06/12/2018 - 17:07
By Mohamed Mokhashef and Mohammed Ghobari ADEN, June 12 (Reuters) – A Saudi-led coalition geared up on Tuesday for a military assault on Yemen’s main port, preparing to launch by far the biggest battle of a three-year war between an alliance of Arab states and the Houthi movement that controls Yemen’s capital. The United Arab Emirates, […]
Categories: Maritime News

Euronav Becomes World’s Largest Independent Tanker Company as Merger with Gener8 Maritime Closes

News from gCaptain - Tue, 06/12/2018 - 16:59
Belgian tanker company Euronav has completed its merger with former rival Gener8 Maritime following approval from Gener8’s shareholders on Monday. The merger creates the world’s largest independent operator of large crude tankers. Through the merger, Euronav has an operating fleet of 74 crude tankers consisting of 43 Very Large Crude Carriers (VLCCs), 27 Suezmax tankers, […]
Categories: Maritime News

ONE Takes Delivery of First Pink Newbuild

News from gCaptain - Tue, 06/12/2018 - 15:05
Ocean Network Express has taken delivery of its first newbuild containership sporting the company’s pink magenta color. The ship, named ONE Stork, was delivered by Japan Marine United Corp’s Kure Shipyard in Kure, Japan. It is the first of seven newbuilds built with a capacity of 14,000 TEU. The 364-meter-long ONE Stork will be phased […]
Categories: Maritime News
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