Maritime News from gCaptain.com

Oil Industry Starts Eradicating Bunker Fuel Supply Before 2020 Sulphur Cap

News from gCaptain - Thu, 08/02/2018 - 08:23
By Jack Wittels and Alfred Cang (Bloomberg) — Shippers beware: oil refineries are starting to eradicate stockpiles of sulfur-rich fuel that powers the merchant fleet in anticipation of a demand collapse in fewer than 18 months. Stockpiles have slumped in the U.S. and Singapore this year and traders directly involved in buying and selling the fuel say […]
Categories: Maritime News

Tanker Owners are Scrapping the Most Ships in Decades

News from gCaptain - Thu, 08/02/2018 - 08:17
By Firat Kayakiran (Bloomberg) — Oil tanker owners are giving up. A 19-month curtailment of OPEC cargoes, and environmental regulations that are proving uneconomical to comply with, have got owners purging the supertanker fleet at the fastest pace since the 1980s, according to Global Marketing Systems Inc., one of the world’s top buyers of obsolete […]
Categories: Maritime News

Helm Operations and ShipTracks Announce Integration Partnership

News from gCaptain - Thu, 08/02/2018 - 06:32
US industry heavyweights team up to integrate marine operations and AIS platforms, allowing better data-based decision-making in vessel operations. Press Release – Helm Operations, Victoria, BC – Marine operations software developer Helm Operations announced today that it has launched a new partnership with leading AIS data services provider ShipTracks. The partnership will integrate the platforms developed by […]
Categories: Maritime News

Damen Verolme Rotterdam wins refit contract for drilling rig Stena Don

News from gCaptain - Thu, 08/02/2018 - 06:13
Press Release – Damen Verolme Rotterdam (DVR), one of Damen Shipyards Group’s most experienced yards in the repair and refit of complex offshore structures, has been awarded a contract by Stena Drilling for a refit of its drilling rig Stena Don. The vessel will arrive at DVR in October 2018 and is expected to remain […]
Categories: Maritime News

Icebreaking LNG Carrier Christophe de Margerie Sets New Northern Sea Route Record

News from gCaptain - Wed, 08/01/2018 - 15:29
The icebreaking LNG carrier Christophe de Margerie has set a new record for the fastest crossing of the Northern Sea Route for an unescorted ship during the month of July, according to its owner. The vessel, which is owned and operated by Russian shipping firm Sovcomflot, set the new record while transporting a cargo of […]
Categories: Maritime News

First Big U.S. Offshore Wind Farm to Save Customers $1.4 Billion

News from gCaptain - Wed, 08/01/2018 - 14:50
By Jim Efstathiou Jr. (Bloomberg) — Massachusetts electricity users will save about $1.4 billion over 20 years from the first commercial-scale offshore wind farm in the U.S. Avangrid Inc. and Copenhagen Infrastructure Partners, joint developers of the 800-megawatt project south of Martha’s Vineyard, expect to provide power and renewable energy credits for 6.5 cents a kilowatt-hour […]
Categories: Maritime News

Israel Warns Iran of Military Response if Key Red Sea Shipping Lane is Closed

News from gCaptain - Wed, 08/01/2018 - 13:38
JERUSALEM, Aug 1 (Reuters) – Israel would deploy its military if Iran were to try to block the Bab al-Mandeb strait that links the Red Sea to the Gulf of Aden, Prime Minister Benjamin Netanyahu said on Wednesday. Last week, Saudi Arabia said it was suspending oil shipments through the strait, on the main sea […]
Categories: Maritime News

U.S. Coast Guard Convenes Marine Board of Investigation into Fatal Duck Boat Sinking

News from gCaptain - Wed, 08/01/2018 - 11:44
The Commandant of the U.S. Coast Guard has convened a formal Marine Board of Investigation (MBI) into the loss of the U.S.-flagged amphibious duck boat, Stretch Duck 07, which occurred July 19, 2018 with the loss of 17 lives. The “Ride The Ducks” amphibious vehicle had 29 passengers and two crewmembers aboard for a tour […]
Categories: Maritime News

CMA CGM’s 22,000 TEU Ships to Feature ‘Bulbless’ Bow Made for Slow-Steaming

News from gCaptain - Wed, 08/01/2018 - 11:06
By Mike Wackett (The Loadstar) – A steel cutting ceremony took place in China last week on the hulls of the first two ships of CMA CGM’s order for nine 22,500 teu LNG-powered ULCVs, featuring a potentially game-changing bow design. Alongside similar ULCVs being constructed for MSC in South Korea, these behemoths will be the […]
Categories: Maritime News

Conference Hopes To Respark US Marine Highways

News from gCaptain - Wed, 08/01/2018 - 11:04
Roads around the New York metro area, and up and down many parts of the East Coast, are increasingly congested. The congestion increases air pollution, leads to poor roads, and slows the flow of people and goods throughout the region. Heavy cargo transported on trucks have damaged our roads and bridges. Most other maritime nations […]
Categories: Maritime News

OSG Orders New Jones Act Tank Barge at Gunderson Marine

News from gCaptain - Wed, 08/01/2018 - 10:02
U.S.-flag tanker company Overseas Shipholding Group announced Tuesday it has signed a shipbuilding contract Gunderson Marine for the construction of one 204,000 barrel capacity oil and chemical tank barge. The barge will be constructed at Gunderson’s Portland, Oregon building facilities and will be built to comply with MARPOL Annex VI Regulation 13 Tier III standards regarding […]
Categories: Maritime News

France Confirms Fincantieri-STX Shipyard Deal

News from gCaptain - Wed, 08/01/2018 - 08:15
By Crispian Balmer ROME, Aug 1 (Reuters) – France hopes Italian shipbuilder Fincantieri’s takeover of STX France will be wrapped up soon, French Finance Minister Bruno Le Maire said on Wednesday, but sounded a more cautious note on any defence naval merger. Speaking in Rome after meeting two Italian ministers, Le Maire said France had not […]
Categories: Maritime News

Salvors Commence Emergency Tow of Damaged Car Carrier Off Sweden

News from gCaptain - Wed, 08/01/2018 - 01:00
Salvors have commenced an emergency tow of the car carrier Makassar Highway off the coast of Sweden after a survey revealed serious damage and cracks in the ship’s hull that could impact its stability, the Swedish Coast Guard reported. The emergency tow commenced Tuesday evening just before 9 p.m. following approval of the plan from the Coast […]
Categories: Maritime News

U.S. Considers Higher Tariffs on $200 Billion in Chinese Imports

News from gCaptain - Tue, 07/31/2018 - 17:11
By Jenny Leonard and Jennifer Jacobs (Bloomberg) — The Trump administration will propose raising to 25 percent its planned 10 percent tariffs on $200 billion in Chinese imports, ratcheting up pressure on Beijing to return to the negotiating table, three people familiar with the internal deliberations said. The U.S. imposed 25 percent tariffs on $34 […]
Categories: Maritime News

Crowley’s New LNG-Powered ConRo El Coquí Arrives in Puerto Rico for First Time

News from gCaptain - Tue, 07/31/2018 - 15:21
Crowley Maritime Corp.’s new combination container/roll on-roll off “ConRo” ship El Coquí has delivered its first cargo from Jacksonville, Florida to the company’s Isla Grande Terminal in San Juan . El Coquí, one of the world’s first ConRos powered by liquefied natural gas (LNG), departed Jacksonville on Friday night and arrived in San Juan on […]
Categories: Maritime News

Carnival Triumph to Undergo $200 Million Dry Dock Overhaul

News from gCaptain - Tue, 07/31/2018 - 12:18
Carnival Cruise Line on Tuesday announced a plan for a nearly $200 million bow-to-stern overhaul of the Carnival Triumph. The makeover will take place in during a 2-month dry docking period in Cadiz, Spain starting on March 1, 2019. Afterward, the ship will be renamed Carnival Sunrise, joining Carnival’s Sunshine-class with new food, beverage, and […]
Categories: Maritime News

Ulstein to Build Third ‘Walk-to-Work’ Offshore Wind Vessel for Bernhard Schulte

News from gCaptain - Tue, 07/31/2018 - 11:37
Ulstein Verft has signed a shipbuilding contract with Germany-based Bernhard Schulte for third service operation vessel (SOVs) designed specially for the offshore wind market. The vessel will support the maintenance work of GE Renewable Energy at the German wind farm Merkur Offshore. The project has been developed in cooperation with WINDEA Offshore, Bernhard Schulte’s affiliate […]
Categories: Maritime News

Clarkson Plc Reveals Details of 2017 Cyber Security Incident

News from gCaptain - Tue, 07/31/2018 - 10:32
British shipping services firm Clarskon Plc on Tuesday revealed details of a cyber security incident that took place last year in which an unauthorized third party gained access to the company’s computer systems in the UK, copied data, and demanded ransom for its return. Clarskons said it learned of the breach on November 7, 2017 […]
Categories: Maritime News

ONE Takes $120 Million Hit in Inaugural Quarter, Blaming ‘Clumsy’ Launch

News from gCaptain - Tue, 07/31/2018 - 09:27
By Alexander Whiteman (The Loadstar) – Ocean Network Express (ONE) recorded losses of $120m in its inaugural trading quarter, blaming its “clumsy” launch impacting its founder carriers. Worst hit was K Line, with a 26.2% drop in its second-quarter revenue and an operating loss of ¥13.7bn ($123.4m). The carrier said the development and the launch […]
Categories: Maritime News

Yemen’s Houthis Ready to Halt Red Sea Attacks -Official

News from gCaptain - Tue, 07/31/2018 - 09:16
DUBAI, July 31 (Reuters) – Yemen’s Houthi group said on Tuesday it is ready to unilaterally halt attacks in the Red Sea to support peace efforts, days after Saudi Arabia suspended oil exports through a strategic Red Sea channel following an attack on crude tankers last week. Yemen, where a Saudi-led coalition has been battling […]
Categories: Maritime News
Syndicate content