Maritime News from gCaptain.com

Tanker Operator Blames Captain for Dumping Crimes

News from gCaptain - Wed, 02/28/2018 - 11:38

The operator of a tanker busted for illegally dumping oily water and garbage waste at sea says the Master of the tanker “acted unilaterally” and against company policy.  As gCaptain reported on Tuesday, Athens-based Sea World Management and Trading Inc. and the Master of the products tanker Sea Faith pleaded guilty to two violations of the […]

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Categories: Maritime News

Port of Lisbon Pilot Dies in Disembarking Accident

News from gCaptain - Wed, 02/28/2018 - 10:47

A ship pilot at the Port of Lisbon in Portugal has died after falling into the water while disembarking from a containership early Wednesday morning. The Lisbon Port Authority confirmed the passing of pilot Barra Miguel Conceição in a Facebook post. According to reports on the incident, Mr. Conceição was disembarking from the Hong Kong-flagged […]

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Categories: Maritime News

State Owners Sell Germany’s HSH Nordbank, Once the World’s Largest Shipping Bank, to Buyout Groups

News from gCaptain - Wed, 02/28/2018 - 10:19

By Arno Schuetze and Jan Schwartz HAMBURG, Feb 28 (Reuters) – A consortium of buyout groups will pay around a billion euros for Germany’s HSH Nordbank , once the world’s largest ship financier, as it emerges from crippling writedowns and state bailouts triggered by the deepest sector slump on record. The bank’s regional government owners said […]

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Categories: Maritime News

Schlumberger’s Exit From Seismic Seen as a Problem for Oil Firms

News from gCaptain - Wed, 02/28/2018 - 09:57

OSLO, Feb 28 (Reuters) – The decision by Schlumberger , the world’s largest oil services firm, to exit the offshore seismic segment was a “massive signal” to oil firms about future challenges, the CEO of seismic surveyor Shearwater Geoservices said on Wednesday: * “The exit of Schlumberger, which has been one of the biggest drivers […]

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Categories: Maritime News

Hapag Lloyd Triples Operating Profit in 2017

News from gCaptain - Wed, 02/28/2018 - 09:23

FRANKFURT, Feb 28 (Reuters) – German container shipping firm Hapag-Lloyd on Wednesday reported its 2017 operating profit more than tripled, citing higher transport volumes and a slight recovery in freight rates. It also said that besides a positive development of worldwide container transport demand and rising revenue from freights, last year’s merger with Gulf peer […]

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Categories: Maritime News

North Korean Ships Change Names to Evade International Sanctions

News from gCaptain - Tue, 02/27/2018 - 21:38

By Kambiz Foroohar (Bloomberg) — As Washington and Seoul try to maintain a unified front against North Korea, the case of two cargo ships shows how Kim Jong Un’s regime keeps finding ways to evade increasingly tough international sanctions aimed at halting its nuclear weapons program. Both vessels have gone through repeated changes of names and owners, […]

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Categories: Maritime News

U.S. Democrats Warn Against Cut to Offshore Oil Royalties

News from gCaptain - Tue, 02/27/2018 - 21:18

By Valerie Volcovici WASHINGTON, Feb 27 (Reuters) – Top Democrats on the Senate and House natural resources committees urged the Interior Department on Tuesday to drop a proposed cut to offshore oil and gas royalties, warning such a reduction would shortchange U.S. taxpayers. The Interior Department’s Royalty Policy Committee is due to evaluate a proposal […]

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Categories: Maritime News

Tanker Operator, Master Plead Guilty to Oil and Garbage Dumping Crimes in U.S.

News from gCaptain - Tue, 02/27/2018 - 13:12

An Athens-based tanker operator has been fined $2.25 million in the United States after pleading guilty to environmental crimes relating to the discharge of oil and garbage from one of their vessels operating off the coast of Texas. The Master of the vessel has also been convicted and was sentenced to six months in jail. […]

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Categories: Maritime News

MOL to Develop Northern Sea Route Shipping with Russia

News from gCaptain - Tue, 02/27/2018 - 11:21

Japanese shipping company Mitsui O.S.K. Lines has reached an agreement with the Russian government to help develop maritime shipping along the Northern Sea Route and the Russian Far East as melting ice in the Arctic makes commercial shipping in the region a more viable option for transporting cargoes from between Europe and Asia. MOL signed […]

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Categories: Maritime News

Carnival Returns to Meyer Werft for Third LNG-Powered Cruise Ship for AIDA

News from gCaptain - Tue, 02/27/2018 - 10:34

The world’s leading cruise company has ordered yet another LNG-powered cruise ship amid the accelerating demand for new capacity in the global cruise market. Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced Tuesday it has signed a shipbuilding contract with German shipbuilder Meyer Werft for a third next-generation cruise ship for its AIDA Cruises […]

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Categories: Maritime News

Leadership On The High Seas, A Book Review

News from gCaptain - Tue, 02/27/2018 - 09:06

A search for leadership books on Amazon yields over 100,000 results and there is no shortage of Naval Leadership books (including a few excellent ones) but the commercial maritime domain is strikingly different from the navy and few books look at leadership from the perspective of merchant ship officers.  Captain Parani discovered this problem when he […]

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Categories: Maritime News

Loss-Making HMM Stays Bullish, But Its Goal of Becoming a Leading Carrier Seen as ‘Pipe Dream’

News from gCaptain - Tue, 02/27/2018 - 09:03

By Mike Wackett (The Loadstar) – Hyundai Merchant Marine’s long-term aspiration to become a “leading global carrier” with a market share of 5% is a pipe-dream, according to maritime consultant Drewry. It advises the ambitious South Korean carrier to instead “focus its energies on restoring its profitability and reputation”. HMM’s 2018 strategy is referred to, […]

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Categories: Maritime News

Japan Suspects North Korea of Another Sanctions Breach at Sea

News from gCaptain - Tue, 02/27/2018 - 08:55

TOKYO, Feb 27 (Reuters) – Japan has discovered another North Korean tanker it suspects of transferring goods with a vessel in defiance of U.N. Security Council resolutions, the Foreign Ministry said on Tuesday. It was the fourth time Japan has suspected such an illegal transfer in recent weeks and comes as the Trump administration and […]

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Categories: Maritime News
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