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Free Trade Puts Republican Megadonors on Collision Course with Trump

News from gCaptain - Mon, 06/04/2018 - 13:43
The Koch-backed groups also said that Congress should repeal the Jones Act, which requires goods shipped between U.S. ports to be transported on vessels that are domestically built, crewed, and owned. By Doina Chiacu and Caren Bohan WASHINGTON, June 4 (Reuters) – Groups backed by powerful Republican donors Charles and David Koch said on Monday […]
Categories: Maritime News

World Food Programme Vessel ‘VOS Theia’ Attacked Off Yemen

News from gCaptain - Mon, 06/04/2018 - 10:23
GENEVA, June 4 (Reuters) – Unidentified forces attacked a U.N. aid vessel off the main Yemeni port of Hodeidah at the weekend and started a fire in the engine room, port authorities said on Monday. The United Nations aid chief, Mark Lowcock, confirmed there had been an incident but said it was now over and […]
Categories: Maritime News

Pioneering Spirit Picks Up and Installs the Johan Sverdrup Drilling Platform in a Single Lift -PHOTOS

News from gCaptain - Mon, 06/04/2018 - 09:04
The 22,000-tonne topside for the drilling platform was lifted into position in one single lift on the Johan Sverdrup field over the weekend using the engineering marvel Pioneering Spirit. The installation marks the first time the record-setting heavy lift vessel has been used for single-lift topside installation. Last Thursday, May 31, the topside for the Johan […]
Categories: Maritime News

Robot Boats Propel One of China’s Hottest Startups

News from gCaptain - Mon, 06/04/2018 - 08:28
By Blake Schmidt (Bloomberg) — In the vast, freezing Ross Sea, China’s “Snow Dragon” icebreaker needed to find a safe anchorage before it could begin its mission to set up China’s fifth Antarctic research station. The solution was to deploy one of Zhang Yunfei’s freezer-tested boat drones to map the ocean floor. For Zhang, it […]
Categories: Maritime News

Fund Manager Bets on Revival of South Korean Shipbuilders

News from gCaptain - Mon, 06/04/2018 - 08:04
By Heejin Kim and Kyunghee Park (Bloomberg) — Park Hong-sik, a fund manager who correctly predicted the rally of South Korean technology stocks in 2017, has a new bet for this year: Shipbuilders. Four of the world’s five best-performing major shipbuilders this year are from South Korea, including Daewoo Shipbuilding & Marine Engineering Co., which […]
Categories: Maritime News

Tanker Scrappage To Hit Multi-Year High

News from gCaptain - Sun, 06/03/2018 - 16:00
by Jessica Jaganathan (Reuters) – The shipping industry will this year scrap the largest number of oil tankers in over half-a-decade, driven by weak earnings, firm prices for scrap steel and the need to prepare fleets for strict new environmental regulations. The surge in scrapping underscores how the sector is grappling with one of its […]
Categories: Maritime News

A First Step In a True Cooperative Strategy on Sea Power

News from gCaptain - Sun, 06/03/2018 - 15:45
by Salvatore R. Mercogliano, Ph.D – There are many issues that impact the American maritime industry and the merchant marine, and trying to develop a comprehensive strategy is a daunting challenge.   When one tries to get all the pieces to work together into one synergetic being, the littlest issue can sometimes take down the whole […]
Categories: Maritime News

With Ports, Ships and Promises, India Asserts Role in Southeast Asia

News from gCaptain - Sun, 06/03/2018 - 11:10
By Raju Gopalakrishnan SINGAPORE, June 3 (Reuters) – Almost lost in the din of the upcoming U.S-North Korea summit and fresh tension between Washington and Beijing last week, India cemented its diplomatic and security ties across Southeast Asia in a clear challenge to China. It’s not clear just how far New Delhi will take these […]
Categories: Maritime News

Cargo Washes Ashore in Australia After 83 Containers Tumble from Ship

News from gCaptain - Sat, 06/02/2018 - 10:48
By Alison Bevege SYDNEY, June 2 (Reuters) – A cargo ship lost 83 containers over-board during heavy seas off Australia and items including nappies and sanitary pads are washing up on beaches while there are fears the ill-fated containers will pose a hazard for shipping and whales. The YM Efficiency, operated by Taiwan shipping company Yang Ming Marine Transport […]
Categories: Maritime News

ONE’s First Magenta-Branded Containership Debuts in Asia

News from gCaptain - Fri, 06/01/2018 - 16:00
Ocean Network Express’s first pink magenta containership has begun its maiden voyage starting from Asia to North America. One Ocean Network Express, or ONE as it is known for short, was established in 2017 through the integration of the container businesses of major Japanese shipping companies “K” Line, Mitsui O.S.K. Lines (MOL) and NYK. The […]
Categories: Maritime News

22,000-Tonne Johan Sverdrup Drilling Topside Going to Meet Pioneering Spirit

News from gCaptain - Fri, 06/01/2018 - 15:26
The drilling topside for the giant Johan Sverdrup field has left the shipyard in Haugesund, Norway to meet up with the heavy lift ship Pioneering Spirit for its installation in the North Sea. For the last nine months, the 147-meter Johan Sverdrup drilling platform has towered over the city of Haugesund in southwestern Norway while […]
Categories: Maritime News

Yang Ming Containership Loses 83 Containers in Heavy Seas Off Australia

News from gCaptain - Fri, 06/01/2018 - 14:55
Watch out, sailors! A Yang Ming containership has lost more than 80 containers overboard while battling heavy swells off the east coast of Australia. The Liberian-flagged ship YM Efficiency was sailing from Tawain to Port Botany near Sydney when the stack of containers collapsed at as the ship was underway off New South Wales’ central […]
Categories: Maritime News

Adm. Karl Schultz Becomes 26th Commandant of the U.S. Coast Guard

News from gCaptain - Fri, 06/01/2018 - 13:36
Admiral Paul F. Zukunft was relieved as commandant of the U.S. Coast Guard by Admiral Karl Schultz during a military change-of-command ceremony held Friday at U.S. Coast Guard Headquarters. Zukunft also retired from the Coast Guard after 41 years of service to the nation as part of the same ceremony, in addition to receiving the […]
Categories: Maritime News

Shell Starts Production at Kaikias at $30 Break-Even Price

News from gCaptain - Fri, 06/01/2018 - 13:21
Royal Dutch Shell has kicked off production at its deepwater Kaikias development in the U.S. Gulf of Mexico at a break-even price of less than $30 per barrel. Shell Offshore, a subsidiary of Royal Dutch Shell, announced Thursday the early start of production at the first phase of Kaikias, which has an estimated peak production […]
Categories: Maritime News

Cargo Discharge Completed On Board Maersk Honam

News from gCaptain - Fri, 06/01/2018 - 11:51
Cargo discharge operations on board the Maersk Honam have been completed and the first containers have been released after a three-month detour due to fire. The ultra-large containership Maersk Honam, which was hit by a major fire on March 6, berthed at the Port of Jebel Ali on Sunday after sitting anchor off the coast […]
Categories: Maritime News

Aid Group’s Warn of ‘Disaster’ as Coalition Closes In on Key Yemen Port

News from gCaptain - Fri, 06/01/2018 - 11:23
By Stephanie Nebehay GENEVA, June 1 (Reuters) – As forces of the Saudi-led military coalition close in on the main Yemeni port city of Hodeidah, aid agencies fear a major battle that will also shut down a vital lifeline for millions of hungry civilians. Senior aid officials urged Western powers providing arms and intelligence to […]
Categories: Maritime News

Nine Seafarers Killed in Fireball Remembered on 25th Anniversary of British Trent Disaster

News from gCaptain - Fri, 06/01/2018 - 10:30
UK-based maritime welfare charity Sailors’ Society has commemorated the 25th anniversary of the British Trent disaster by laying a wreath underneath the ship’s bell at All-Hallows-by-the-Tower in London. Nine seafarers lost their lives when the British Trent collided with another ship in foggy conditions 10-miles off Ostend on 3 June 1993. Upon impact, the British […]
Categories: Maritime News

Researcher Who Saw Stressed 2020 Oil Market Is Even More Worried Now

News from gCaptain - Fri, 06/01/2018 - 08:53
By Alaric Nightingale and Brian Wingfield (Bloomberg) — It may already be too late to listen to Martin Tallett. The consultant, who has more than four decades’ experience in oil refining, presented research two years ago to the United Nations’ agency charged with setting rules for the maritime industry. In it, he warned oil markets […]
Categories: Maritime News

Top 10 Reasons Why The US Merchant Marine Is Failing

News from gCaptain - Thu, 05/31/2018 - 14:55
by Capt. John Konrad (gCaptain) In 2018 politicians, presidents and corporate leaders spend a considerable amount of time in front of cameras and talking with journalists but this isn’t just a stroke of ego, it’s to garner political will. Conversely, the US Merchant Marine is drowning because it has no political will. The question is […]
Categories: Maritime News

Photos: Shipbreaking on the Beaches of Alang

News from gCaptain - Thu, 05/31/2018 - 14:48
Reuters’ photographer Amit Dave has published a series of photos taken just this week at a shipbreaking yard in Alang, India, where many of the world’s ships continue to be sent at the end of their operational lives. While some yards in Alang have upgraded their facilities to comply with global shipbreaking standards set out […]
Categories: Maritime News
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