Maritime News from gCaptain.com

Trump Seeking Biggest Offshore Drilling Increase in Decades

News from gCaptain - Wed, 01/03/2018 - 14:03

By Jennifer A. Dlouhy (Bloomberg) — The Trump administration is poised to open the door to selling new offshore drilling rights from the Atlantic Ocean to the Arctic Sea, igniting a fight with coastal residents worried about oil spills befouling beaches and jeopardizing tourism dollars. The proposal — set to be the most expansive such […]

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Categories: Maritime News

Winter Storm Challenges U.S. East Coast Energy Complex

News from gCaptain - Wed, 01/03/2018 - 12:34

By Jarrett Renshaw NEW YORK, Jan 3 (Reuters) – The U.S. energy industry is facing a massive test of its infrastructure as an intense winter storm roars up the Atlantic Coast, threatening power outages, refinery shutdowns and spikes in heating prices. The storm swept up the U.S. Southeast toward New England on Wednesday, bringing snow, […]

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Categories: Maritime News

Global Fleet Capacity to Swell as More Containerships are Delivered in 2018

News from gCaptain - Wed, 01/03/2018 - 10:51

By Mike Wackett (The Loadstar) – There will be a 5.6% growth in container fleet capacity this year, according to scheduled newbuild deliveries of 1.49m teu and expected in scrapping of some 350,000 teu, says Alphaliner. After 2017’s slight supply-demand rebalancing, the pent-up flood of newbuild deliveries this year will be a challenge for shipowners […]

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Categories: Maritime News

2018 The State Of Maritime

News from gCaptain - Wed, 01/03/2018 - 09:36

By Captain George Livingstone (Editorial) As we enter 2018 what is the state of the international maritime industry? The Cruise ship industry is booming, building incredibly big ships along with record profits and creating a few questions about safety. The Container shipping industry is after the same strategy, building more and more incredibly big ships […]

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Categories: Maritime News

Petrobras to Pay $2.95 Billion to Settle U.S. Class Action Over Corruption

News from gCaptain - Wed, 01/03/2018 - 08:33

By Brendan Pierson NEW YORK, Jan 3 (Reuters) – Brazil’s state-controlled oil company, Petroleo Brasileiro SA, said Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors seeking to recoup money they claim to have lost as a result of a corruption scandal. Petrobras, as the company […]

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Categories: Maritime News

U.S. Firm Ocean Infinity Says it’s Hopeful of Getting MH370 Search Contract Soon

News from gCaptain - Wed, 01/03/2018 - 08:26

KUALA LUMPUR, Jan 3 (Reuters) – U.S.-based seabed exploration firm Ocean Infinity on Wednesday said it was moving a vessel closer to a possible search area for missing Malaysia Airlines flight MH370 as it soon expects to be awarded a contract by Malaysia to resume the search. The disappearance of the aircraft en route from […]

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Categories: Maritime News

Russia Posts Highest-Ever Natural Gas Output in Expansion Drive

News from gCaptain - Tue, 01/02/2018 - 13:26

By Elena Mazneva and Jake Rudnitsky (Bloomberg) — Russia registered its highest-ever natural gas production last year amid plans to expand into China and boost sales of liquefied natural gas. The nation’s output of the fuel jumped 7.9 percent to 690.5 billion cubic meters, according to data emailed Tuesday by the Russian Energy Ministry’s CDU-TEK unit. That […]

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Categories: Maritime News

Icy Rivers Slow New York Barges Trying to Deliver Heating Fuel

News from gCaptain - Tue, 01/02/2018 - 13:15

By Laura Blewitt (Bloomberg) — Shivering New Yorkers may have to pay more to get warm as ice in the Hudson River delayed fuel-barge deliveries and the U.S. government warned of a home heating-fuel shortage from the East Coast to Texas. The Coast Guard has deployed four of its five Hudson River ice-cutting vessels since […]

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Categories: Maritime News

LNG Newbuilds Surge in 2017

News from gCaptain - Tue, 01/02/2018 - 12:23

  Around 11% of all newbuild contracts in 2017 were for ships powered by liquefied natural gas, a trend that is expected to continue in 2018, according to LNG supplier Titan LNG. In its year-end recap, the Amsterdam-based firm said that this past year set the stage for a push in the adoption of LNG […]

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Categories: Maritime News

New Global Regulation Prevents Discrimination Against Seafarers’ Right to Shore Leave

News from gCaptain - Tue, 01/02/2018 - 10:37

Public authorities are no longer allowed to refuse shore access to a ship’s crew based on discriminating factors such as race, religion, and nationality under a new provision to a global treaty which aims to achieve the smooth transit of ships, cargo and passengers while in port. As of January 1, 2018, seafarers across the […]

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Categories: Maritime News

Tanker Hits Oil Platform in Dutch North Sea

News from gCaptain - Tue, 01/02/2018 - 09:34

A Portuguese-flagged oil and chemical tanker rang in the New Year with some new damage to its bow after it collided with an oil platform in the Dutch sector of the North Sea. The tanker, the 5,200 dwt MT Elsa Essberger, was sailing from Antwerp to Rotterdam when it hit the unmanned and out-of-service platform […]

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Categories: Maritime News

Trafigura Denies Involvement in North Korea Oil Transfer

News from gCaptain - Tue, 01/02/2018 - 09:00

By Kanga Kong and Dan Murtaugh (Bloomberg) — Trafigura Group denied it was involved in the illicit transfer of fuel to North Korea after the South Korean government said the world’s third-biggest independent oil trader originally owned a cargo that was shipped in breach of United Nations sanctions in October. The controversy nonetheless could spook […]

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Categories: Maritime News

Big Oil’s Exit Leaves Norway Tending to Its Own Petroleum Future

News from gCaptain - Tue, 01/02/2018 - 08:52

By Mikael Holter (Bloomberg) — Norway is realizing it will have to do without the deep pockets of the biggest oil companies as it seeks to extend an era that has made it one of the world’s richest countries. The most recent blow came when only 11 companies applied for new blocks in the Arctic […]

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Categories: Maritime News

South Korea Seizes Second Ship Suspected of Providing Oil to North

News from gCaptain - Sun, 12/31/2017 - 08:52

By Yuna Park and Hyunjoo Jin SEOUL, Dec 31 (Reuters) – South Korean authorities have seized a Panama-flagged vessel suspected of transferring oil products to North Korea in violation of international sanctions, a customs official said on Sunday. The seizure was the second to be revealed by South Korea within a few days, as the United […]

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Categories: Maritime News

Russian Tankers Fueled North Korea Via Ship-to-Ship Transfers at Sea – sources

News from gCaptain - Sat, 12/30/2017 - 07:20

By Guy Faulconbridge, Jonathan Saul and Polina Nikolskaya LONDON/MOSCOW, Dec 30 (Reuters) – Russian tankers have supplied fuel to North Korea on at least three occasions in recent months by transferring cargoes at sea, according to two senior Western European security sources, providing an economic lifeline to the secretive Communist state. The sales of oil or […]

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Categories: Maritime News

Trump Administration Rolls Back Offshore Safety Rules Put In Place After Deepwater Horizon

News from gCaptain - Fri, 12/29/2017 - 07:49

The Production Safety Systems Rule, which the Trump administration is planning to roll back, addresses safety and pollution prevention equipment, subsea safety devices and safety device testing for the production of oil and gas resources on the U.S. outer continental shelf (OCS). By Catherine Traywick (Bloomberg) — The Trump administration is rolling back offshore drilling rules put […]

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Categories: Maritime News

Billionaire John Fredriksen’s Battle at Sea

News from gCaptain - Fri, 12/29/2017 - 07:21

by Chris Hughes (Bloomberg) Shipping billionaire John Fredriksen struck a deal to save his Seadrill Ltd oil services company from collapse in 2017. Next year, he faces a fight to keep the plan together. When oil majors cut drilling as crude prices collapsed in 2014, rig-supplier Seadrill was hit hard. Cash flows fell too low […]

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Categories: Maritime News

After Trump Criticism, China Denies Selling Oil Illicitly to North Korea

News from gCaptain - Fri, 12/29/2017 - 06:59

By Philip Wen and David Brunnstrom BEIJING/WASHINGTON, Dec 29 (Reuters) – China on Friday denied reports it has been illicitly selling oil products to North Korea after U.S. President Donald Trump said he was not happy that China had allowed oil to reach the isolated nation. Trump said on Twitter the previous day that China had […]

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Categories: Maritime News

Ex-Keppel Lawyer Cooperated with U.S. in Brazil Bribery Probe -Documents

News from gCaptain - Fri, 12/29/2017 - 06:51

  By Nate Raymond Dec 28 (Reuters) – A former lawyer at Keppel Corp Ltd’s oil rig building business secretly pleaded guilty and cooperated with U.S. authorities before the Singapore-based company agreed to pay $422 million to settle charges it bribed Brazilian officials, according to court documents. Jeffery Chow, a former senior member of Keppel […]

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Categories: Maritime News

Trump Warns China After Seoul Seizes HK-Flagged Tanker Selling Oil To North Korea

News from gCaptain - Fri, 12/29/2017 - 06:02

by Philip Wen (Reuters) – China on Friday denied reports it has been illicitly selling oil products to North Korea after U.S. President Donald Trump said he was not happy that China had allowed oil to reach the isolated nation. Trump said on Twitter the previous day that China had been “caught” allowing oil into […]

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Categories: Maritime News
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