Maritime News from gCaptain.com

Not Just Florida: Tourism Big in Other States Opposing Coastal Drilling

News from gCaptain - Tue, 01/16/2018 - 12:04

By Valerie Volcovici and Richard Valdmanis Jan 16 (Reuters) – The Trump administration’s decision last week to exempt Florida from its national offshore drilling plan was based in part on the state’s argument that a spill would cripple its crucial tourism industry. But several other states opposed to oil and gas drilling off their coasts are […]

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Categories: Maritime News

BP’s Gulf Oil Spill Tab Rises as Lawsuits Wind Down

News from gCaptain - Tue, 01/16/2018 - 10:21

By Amanda Jordan and Kelly Gilblom (Bloomberg) — BP Plc raised the amount it will pay this year for the Deepwater Horizon accident as thousands of lawsuits related to the biggest oil spill in U.S. history start to wind down. The 2010 explosion at a well in the Gulf of Mexico threatened BP’s existence after 11 people […]

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Categories: Maritime News

Norway Wealth Fund Dumps Shipping Investments, Others on Ethics Grounds

News from gCaptain - Tue, 01/16/2018 - 09:25

By Jonas Bergman (Bloomberg) — Norway’s wealth fund dumped a series of companies involved in making nuclear weapons and excluded others based on human rights concerns as the $1.1 trillion investor steps up its scrutiny over how corporations behave. AECOM, BAE Systems, Fluor Corp. and Huntington Ingalls Industries Inc. were excluded “because of their involvement […]

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Categories: Maritime News

Japan Sees Little Chance of Oil Slick from Sunk Tanker Reaching its Coast

News from gCaptain - Tue, 01/16/2018 - 08:48

By Yuka Obayashi TOKYO, Jan 16 (Reuters) – Japan sees little chance of the oil spill from a stricken Iranian tanker that sank on Sunday in the East China Sea reaching its shores, an official at the nation’s environment ministry said on Tuesday. The large tanker Sanchi (IMO:9356608) sank in the worst oil ship disaster […]

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Categories: Maritime News

Maersk, IBM to Launch Blockchain-Based Platform for Global Trade

News from gCaptain - Tue, 01/16/2018 - 08:43

By Jacob Gronholt-Pedersen COPENHAGEN, Jan 16 (Reuters) – The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars. The global shipping industry has seen little innovation since the container was invented in the 1950s, and […]

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Categories: Maritime News

Oil Propelled Past $70 for First Time in Three Years

News from gCaptain - Mon, 01/15/2018 - 14:39

By Robert Tuttle (Bloomberg) — Oil reached new highs in London as OPEC members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above $70 a barrel for the first time in three years after Iraqi Oil Minister Jabbar al-Luaibi said Saturday that production curbs […]

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Categories: Maritime News

Unified Command Responding to Breakaway Barges on Ohio River

News from gCaptain - Mon, 01/15/2018 - 11:28

A unified command consisting of the U.S. Coast Guard, United States Army Corps of Engineers and industry partners was continuing Monday to response to barge breakaways on the Ohio River near Pittsburgh, Pennsylvania, and Moundsville, West Virginia over the weekend.  Approximately 38 of the reported 45 breakaway barges from fleeting areas at mile maker 94 […]

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Categories: Maritime News

Shell Gives North Sea Shot in Arm With Field Redevelopment

News from gCaptain - Mon, 01/15/2018 - 11:05

By Kelly Gilblom (Bloomberg) — Royal Dutch Shell Plc made one of its biggest commitments to the North Sea in 30 years, with plans to redevelop the Penguins oil and gas field. The Anglo-Dutch oil major will build a floating production, storage and offloading vessel — its first new manned installation in almost three decades […]

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Categories: Maritime News

Turkey Reveals Route for New Canal to Ease Bosphorus Shipping

News from gCaptain - Mon, 01/15/2018 - 10:29

By Ali Kucukgocmen ISTANBUL, Jan 15 (Reuters) – Turkey announced on Monday the route for a planned canal that would reduce shipping traffic on the busy Bosphorus Strait and transform the European half of Istanbul into an island. Work on the 45-km (28-mile) Kanal Istanbul, linking the Black Sea and the Sea of Marmara west […]

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Categories: Maritime News

Stricken Tanker Leaves Large Oil Slick in East China Sea

News from gCaptain - Mon, 01/15/2018 - 09:51

By Yuka Obayashi and Josephine Mason TOKYO/BEIJING, Jan 15 (Reuters) – A stricken Iranian tanker that sank in the East China Sea on Sunday in the worst oil ship disaster in decades has produced a large oil slick, Chinese media and Japanese authorities said on Monday, as worries grew over damage to the marine ecosystem. […]

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Categories: Maritime News

Another New Metal Shark Patrol Boat Joins the Puerto Rico Police Department Fleet

News from gCaptain - Mon, 01/15/2018 - 09:19

Metal Shark Press Release  Louisiana-based boatbuilder Metal Shark has delivered its latest new law enforcement patrol boat to the Puerto Rico Police Department (PRPD). The new 35-foot Defiant welded aluminum pilothouse patrol vessel, built at Metal Shark’s Jeanerette, Louisiana production facility, joins the fleet of 36-foot Metal Shark Fearless-class high performance center console patrol boats […]

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Categories: Maritime News

One Person Dies After Fire Engulfs Casino Shuttle Off Florida

News from gCaptain - Mon, 01/15/2018 - 08:54

Update: A 42-year-old woman passenger who was taken to the hospital in critical condition has died, according to local officials. By Renita D. Young NEW YORK, Jan 14 (Reuters) – At least 15 people were injured when a fire engulfed a boat off the coast of Florida on Sunday, causing the 50 people aboard to […]

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Categories: Maritime News

Maritime Monday for January 15th, 2018: A Load of Guano

News from gCaptain - Sun, 01/14/2018 - 19:43

“Immigrants that Norway sent to the U.S. during that great migration wave of the 1870s were its poorest and least educated citizens” on NPR (via Bitter End blog) The 39-year-old blue blood “Dick” Byrd from Virginia, was a slight but strong man with a chiseled, smooth-shaven face. He looked the part of a hero and […]

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Categories: Maritime News

Iranian Oil Tanker ‘Sanchi’ Sinks in East China Sea

News from gCaptain - Sun, 01/14/2018 - 09:39

BEIJING, Jan 14 (Reuters) – An Iranian oil tanker has sunk after burning for more than a week following a collision on Jan. 6 in the East China Sea, Chinese state media said on Sunday, adding that a large amount of oil was burning in the surrounding waters. The stricken tanker, called the Sanchi (IMO:9356608), […]

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Categories: Maritime News

Finland Expresses Concern Over Rise in Russia’s Cargo Ship Inspections

News from gCaptain - Fri, 01/12/2018 - 11:01

HELSINKI, Jan 12 (Reuters) – The Finnish government has voiced concern over surprise inspections on Finnish cargo ships visiting Russian ports in recent weeks, saying delays had been a problem for shipping companies. Neighbouring Russia carried out seven thorough inspections in the past two weeks on Finnish ships at St Petersburgh and other ports, without […]

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Categories: Maritime News

Rising Fuel Costs Pose Another Profitability Problem for Container Carriers

News from gCaptain - Fri, 01/12/2018 - 10:53

By Mike Wackett (The Loadstar) – Escalating fuel prices are posing a renewed risk to carrier profitability, adding to the twin threats of new container capacity coming on stream as softer demand hits after Chinese New Year. Brent crude is forecast to top $70 a barrel this week – its highest level since mid-2015 – having […]

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Categories: Maritime News

Stricken Iranian Oil tanker Drifts Into Japan’s Economic Zone as Fire Rages On

News from gCaptain - Fri, 01/12/2018 - 09:15

By Yuka Obayashi TOKYO, Jan 12 (Reuters) – A stricken Iranian oil tanker continued exploding on Friday, hampering rescue efforts, Chinese state media reported, as Japan’s Coast Guard said the ship drifted away from the Chinese coast and into Japan’s exclusive economic zone (EEZ). The ship, which has been ablaze for almost a week since it […]

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Categories: Maritime News

Hope Wanes for `Elephant’ Oil Finds in Norway’s Arctic Waters

News from gCaptain - Thu, 01/11/2018 - 16:20

By Mikael Holter (Bloomberg) — After a disappointing year for drillers, Norwegian authorities are reviewing their hopes for the Nordic country’s hottest exploration area. “In the part of the Barents Sea that’s currently open, you’ve sort of tried the elephants — the big opportunities,” Bente Nyland, the head of the Norwegian Petroleum Directorate, said in […]

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Categories: Maritime News

U.S. Firm Given 90 Days to Find Missing MH370 Aircraft

News from gCaptain - Thu, 01/11/2018 - 15:38

KUALA LUMPUR, Jan 10 (Reuters) – Malaysia signed a deal on Wednesday to pay a U.S. seabed exploration firm up to $70 million if it finds the missing Malaysia Airlines aircraft MH370 within 90 days of embarking on a new search in the Southern Indian ocean. The disappearance of the aircraft en route from Kuala […]

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Categories: Maritime News

U.S. Senators From 12 States Seek Offshore Drilling Exemptions Like Florida’s

News from gCaptain - Thu, 01/11/2018 - 15:29

By Valerie Volcovici WASHINGTON, Jan 11 (Reuters) – Twenty-two Democratic U.S. senators from 12 states on Thursday joined the chorus of local representatives seeking exemptions from Interior Secretary Ryan Zinke’s newly proposed offshore drilling plan, after his surprise move on Tuesday to shield Florida. Zinke surprised lawmakers, governors, and industry groups on Tuesday night by […]

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Categories: Maritime News
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