Maritime News from

Daniel Babin Appointed President of Conley Marine Services

News from gCaptain - Mon, 09/10/2018 - 08:36
By Rocky Marchiano – Conley Marine Services has announced Daniel Babin has been appointed President of Conley Marine Services following the completion of its acquisition of Kody Marine, including the Drydock and Maintenance & Repair Yard situated on the Harvey Canal in metro-New Orleans. Mr James Conley, Chairman of Conley Marine Services, lauded both Conley’s […]
Categories: Maritime News

Oil Demand Seen Peaking by 2023 While Climate Targets Missed, DNV GL Report Shows

News from gCaptain - Mon, 09/10/2018 - 08:10
By Kelly Gilblom (Bloomberg) — Within 20 years, oil use will have long since peaked, renewables and natural gas will account for about half of energy supply and the cost of keeping the lights on will plummet. But that still won’t be enough to meet climate goals, according to a forecast from energy and maritime […]
Categories: Maritime News

US Navy Seizes Aden Pirate Booty

News from gCaptain - Sun, 09/09/2018 - 08:29
MANAMA, Bahrain — The guided-missile destroyer USS Jason Dunham seized an illicit weapons shipment found aboard a stateless skiff in the international waters of the Gulf of Aden, Aug. 28 now at counted 2,521 AK-47 automatic rifles. The count follows an initial estimate of over 1,000 rifles. The skiff was determined to be stateless following […]
Categories: Maritime News

The Jones Act And Duncan Hunter – A Rebuttal

News from gCaptain - Sun, 09/09/2018 - 08:02
by Salvatore R. Mercogliano (Editorial) Opponents of the American Maritime Industry and the Merchant Marine Act of 1920, known as the Jones Act, have new ammunition in their assault against this sector and legislation and it is Congressman Duncan Hunter.  There is absolutely no defense for the actions taken by Congressman Hunter and he should […]
Categories: Maritime News

U.S. Navy Conducts Military Exercises in Gulf Amid Iran Tension

News from gCaptain - Sun, 09/09/2018 - 07:12
by Zainab Fattah (Bloomberg) The U.S. Navy is conducting exercises this month to ensure its readiness to guarantee freedom of movement through Persian Gulf and Red Sea waterways amid escalating threats from Iran to disrupt shipping across important choke points. The exercises, with regional and global allies, are part of the U.S. 5th Fleet Theater Counter […]
Categories: Maritime News

Cruise Ship with 350 People On Board Loses Power in Buzzards Bay, Massachusetts

News from gCaptain - Fri, 09/07/2018 - 14:23
The U.S. Coast Guard responded after the cruise ship, Star Pride, became disabled in Buzzards Bay about two miles off the coast of Cuttyhunk, Massachusetts. The captain of the Star Pride notified watchstanders at Coast Guard Sector Southeastern New England at about 3:20 p.m., reporting the ship lost power and was disabled. Coast Guard crews […]
Categories: Maritime News

CMA CGM Takes Delivery of France’s Biggest Ship, the 20,600 TEU ‘Antoine De Saint Exupery ‘

News from gCaptain - Fri, 09/07/2018 - 13:53
French shipping group CMA CGM inaugurated its new flagship vessel CMA CGM Antoine De Saint Exupery this week in Le Havre, France. At 400-meters long by 59-meter wide, the vessel has the capacity to carry 20,600 twenty-foot containers, making it the largest to sail under the French flag. CMA CGM took delivery of the CMA […]
Categories: Maritime News

Fueling Independence? Scotland’s Oil Hub Embraces Green Energy

News from gCaptain - Fri, 09/07/2018 - 13:17
By Elisabeth O’Leary ABERDEEN, Scotland, Sept 7 (Reuters) – Scotland’s leader Nicola Sturgeon launched on Friday a major renewable energy project boasting the world’s most powerful wind turbines, which she hopes will also propel the independence ambitions of her nationalist party. The 11 191-meter-high turbines in the waters of Aberdeen Bay will eventually produce 312 […]
Categories: Maritime News

Bourbon Offshore: Market Conditions Still Challenging

News from gCaptain - Fri, 09/07/2018 - 12:00
French offshore services company Bourbon Offshore reported adjusted revenue of 340.1 million euros in the first half of the year, down 15.2% compared to the second half of 2017, citing the continued challenging market environment. Revenues were mainly impacted by declining rates and subsea activity, which reached a low point during the first half, Bourbon […]
Categories: Maritime News

CMA CGM Sees Better H2 Margin After Oil Hit in H1

News from gCaptain - Fri, 09/07/2018 - 10:56
PARIS, Sept 7 (Reuters) – CMA CGM, one of the world’s largest container shipping lines, said on Friday it expects its operating margin to improve in the second half of the year after higher oil prices squeezed profits in the first half. “We are confident for the second half of the year. We anticipate an […]
Categories: Maritime News

China Ranks as Top Maritime Nation in the World, Report Says

News from gCaptain - Fri, 09/07/2018 - 10:43
The study benchmarks the 30 leading maritime nations around the world in four key maritime pillars: shipping, finance and law, maritime technology and ports & logistics, in an attempt to understand the key drivers behind national maritime success.
Categories: Maritime News

‘Ground-breaking’ Offshore Wind Project Inaugurated in Scotland

News from gCaptain - Fri, 09/07/2018 - 09:40
The European Offshore Wind Deployment Centre (EOWDC) was inaugurated today in north-east Scotland, consisting of eleven of the most powerful offshore wind turbines in the world.  The project has been led by Swedish energy firm Vattenfall. The company’s CEO, Magnus Hall, says the pioneering wind farm will “turbocharge” the growth of low-cost sector. The 93.2MW […]
Categories: Maritime News

Eight Vessels Stalled at Sabine Pass Due to Draft Restrictions After Ship Hits Dredging Pipeline

News from gCaptain - Fri, 09/07/2018 - 08:52
By Liz Hampton and Scott DiSavino HOUSTON/NEW YORK, Sept 7 (Reuters) – Eight vessels were stalled on Friday at the Sabine Pass Channel on the Texas-Louisiana border after draft restrictions were put in place this week to allow search operations for a displaced pipeline, the U.S. Coast Guard said. Prolonged restrictions could force Cheniere Energy […]
Categories: Maritime News

DNV GL, DSIC Agree to Develop LNG-Fuelled, 23,000 TUE Ultra Large Containership

News from gCaptain - Thu, 09/06/2018 - 11:37
Classification society DNV GL and Dalian Shipbuilding Industry Company (DSIC), China’s largest shipbuilder, have signed an agreement to develop a 23,000 TEU, LNG-fueled containership. The joint development project (JDP), which was signed this week at the SMM trade show in Hamburg, Germany, seeks to deliver a ultra large container vessel (ULCV) design that is ready […]
Categories: Maritime News

Carriers Hit by Asia-Europe Cargo Slump as Hopes of a ‘Bumper Year’ Sink

News from gCaptain - Thu, 09/06/2018 - 11:21
By Mike Wackett (The Loadstar) – North European trade growth for the year has been revised from 3.4% to 2.2%, according to August’s Global Port Tracker, supporting moves by carriers to suspend services. The monthly analysis collates data from six major North European hub ports. “The industry has finally awakened to the fact that things […]
Categories: Maritime News

Airlines Stepping Up Oil Hedges Before 2020 Shipping Rule Bites

News from gCaptain - Thu, 09/06/2018 - 11:16
By Alex Longley (Bloomberg) — Airlines are starting to hedge against the risk that fuel prices could be driven higher by rules targeting another industry’s environmental performance. Brent crude for 2020 rallied in the third quarter, a period in which spot prices fell, as some carriers began seeking protection against higher fuel costs caused by […]
Categories: Maritime News

Interview: Hans Hederström, Managing Director of Carnival Corp.’s State-of-the-Art Maritime Simulation Training Center

News from gCaptain - Thu, 09/06/2018 - 10:41
Interview by Paul González-Morgan (Marine Strategy) – Hans Hederström is the Managing Director of CSMART Academy, Center for Simulator Maritime Training, the state-of-the-art international maritime training center of the world’s largest cruise company, Carnival Corporation & plc Group. Opened in July 2009 and located in Almere, Netherlands, CSMART Academy established itself as a world-class training center […]
Categories: Maritime News

China Protests U.K. Sail-By of Disputed South Sea Island Chain

News from gCaptain - Thu, 09/06/2018 - 09:15
By David Tweed (Bloomberg) — China accused the U.K. of infringing on its sovereignty after a Royal Navy warship sailed close to islands it claims in the disputed South China Sea. The U.K. “violated international and Chinese laws” when the amphibious warship HMS Albion passed by the Chinese-occupied Paracel Islands in recent days, Foreign Ministry […]
Categories: Maritime News

Freeport LNG Signs 20-Year, 2.2 MTPA LNG Supply Deal with Japan’s Sumitomo

News from gCaptain - Thu, 09/06/2018 - 09:09
U.S.-based liquefied natural gas terminal operator Freeport LNG said it had signed a binding agreement with a U.S. unit of Sumitomo Corp to supply the Japanese company with 2.2 million tonnes of LNG per year for 20 years under a tolling structure (LTA). Freeport LNG owns and operates an LNG terminal on Quintana Island, near […]
Categories: Maritime News

CMA CGM Sees Brisk China-U.S. Trade for Now

News from gCaptain - Thu, 09/06/2018 - 08:44
By Gus Trompiz LE HAVRE, France, Sept 6 (Reuters) – CMA CGM, one of the world’s largest container shipping lines, is benefiting from strong trade flows between China and the United States for now, the French group’s chief executive said. Despite tit-for-tat tariffs imposed by Washington and Beijing, the traditional third-quarter ‘peak season’ of Chinese exports […]
Categories: Maritime News
Syndicate content