Maritime News from gCaptain.com

Explosion Kills One at Argentine Grain Port

News from gCaptain - Thu, 12/28/2017 - 09:24

By Hugh Bronstein and Maximiliano Rizzi BUENOS AIRES, Dec 27 (Reuters) – An explosion at a grains terminal in Argentina owned by China’s COFCO International on Wednesday killed one employee, injured others and affected shipping activities from one of the world’s top food suppliers, the conglomerate said. The cause of the blast is not yet […]

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Categories: Maritime News

UK Authorities Assisting Russian Cargo Ship with Significant List in the Solent

News from gCaptain - Wed, 12/27/2017 - 07:56

The HM Coastguard is assisting a Russian-flagged cargo ship after it had developed a significant list while underway in the English Channel on Tuesday. The vessel, the MV Mekhanik Yartsev, reported to the Coastguard on Tuesday that it had lost 30 pieces of cargo during bad weather around 1 a.m. while approximately 20 miles south of […]

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Categories: Maritime News

North Sea Forties Pipeline Pumping at Half Capacity -Source

News from gCaptain - Wed, 12/27/2017 - 06:34

LONDON, Dec 27 (Reuters) – Britain’s biggest and most important oil pipeline, Forties, was ramping up throughput after repairs and was currently pumping at around half its normal rates, a trading source familiar with the operations said on Wednesday. Forties normally pumps about 450,000 barrels per day. The pipeline’s operator Ineos restarted the pipeline earlier […]

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Categories: Maritime News

Photos: Bulk Carrier ‘Ocean Crown’ Hard Aground in Lithuania

News from gCaptain - Tue, 12/26/2017 - 14:42

A 190-meter bulk carrier is hard aground in Klaipeda, Lithuania after dragging anchor in strong winds. The vessel, the Cyprus-flagged MV Ocean Crown, was bound for Klaipeda but was prevented from entering port due to weather and forced to drop anchor. Unfortunately, the anchors proved no match for the strong winds and the vessel grounded […]

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Categories: Maritime News

Britain Escorts Russian Ship Near National Waters Amid Strained Relations

News from gCaptain - Tue, 12/26/2017 - 06:50

LONDON, Dec 26 (Reuters) – A British ship escorted a Russian vessel as it passed near UK territorial waters over Christmas, Britain’s defense ministry said on Tuesday, adding that Russian naval activity near Britain had increased in the holiday period. The frigate HMS St Albans departed on Dec. 23 to track the new Russian warship […]

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Categories: Maritime News

Incident Photos: Panama-Flagged Cargo Ship Wrecks in Greece

News from gCaptain - Tue, 12/26/2017 - 06:45

A Panama-flagged cargo ship wrecked on the Greek island of Traganisi near Mykonos on Friday during a voyage from Russia to Cyprus. The Hellenic Coast Guard says all 12 foreign nationals on board the MV Little Seyma were able to abandon ship in a life raft and scramble their way to shore. The vessel is carrying […]

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Categories: Maritime News

gCaptain’s Top 20 Most Viewed Stories of 2017

News from gCaptain - Fri, 12/22/2017 - 16:52

Another great year in the books here at gCaptain. This year we published thousands of maritime stories and racked up more than 20 million website views. Here’s a look back at the stories receiving the most clicks in 2017.  (Headlines are linked, will open in new tab) 20. Video: Boxing Day Storm in North Sea […]

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Categories: Maritime News

Keppel to Pay $422 Million to Settle Foreign Bribery Case in U.S., Brazil and Singapore

News from gCaptain - Fri, 12/22/2017 - 15:25

Singapore-based shipbuilder Keppel Offshore & Marine and its U.S. subsidiary have agreed to pay a total penalty of more than $422 million to resolve charges with authorities in the United States, Brazil and Singapore related to a decade-long scheme to pay millions of dollars in bribes to officials in Brazil, the U.S. Justice Dept. announced […]

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Categories: Maritime News

Heavy Icebreaker USCGC ‘Polar Star’ Departs Honolulu on Annual Resupply Mission to Antarctica

News from gCaptain - Fri, 12/22/2017 - 10:37

 The United States’ only heavy icebreaker departed Honolulu on Friday bound for Antarctica as part of annual resupply mission for the U.S. Antarctic Program (USAP). During the mission, known as Operation Deep Freeze, the crew of the Coast Guard Cutter Polar Star will establish a channel through 15 miles of ice in McMurdo Sound, Antarctica, […]

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Categories: Maritime News

Euronav, Gener8 Maritime Merger to Create World’s Leading Independent Tanker Company

News from gCaptain - Fri, 12/22/2017 - 09:42

Belgian tanker company Euronav (NYSE:EURN, Euronext:EURN) and its New York-based rival Gener8 Maritime (NYSE:GNRT) have agreed to merge, thus creating the world’s leading independent operator of large crude tankers. The agreement, announced Thursday, calls for a stock-to-stock merger for the entire issued and outstanding share capital of Gener8, through which Gener8 would become a wholly-owned […]

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Categories: Maritime News

Australian Police Seize Record $771 Million Meth Haul Arriving By Sea

News from gCaptain - Fri, 12/22/2017 - 07:44

 By Elouise Fowler SYDNEY, Dec 22 (Reuters) – Australian police said on Friday they had seized a record 1.2 tonnes of methamphetamine with a street value of more than A$1 billion ($771 million) after a raid in a remote area of the west Australian coast. Eight Australian men were charged with offences carrying a maximum […]

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Categories: Maritime News

Ontario-Based Algoma Buys Four ‘Lakers’ from American Steamship Company

News from gCaptain - Thu, 12/21/2017 - 16:20

Ontario-based Algoma Central Corporation (TSX: ALC) today said it has reached an agreement to purchase four U.S.-flag ‘lakers’ from American Steamship Company. In doing so, all four ships will be re-registered to the Canadian flag. The vessels being acquired are the M.V. Buffalo, the M.V. Adam E. Cornelius, the S.S. American Valor and the S.S. […]

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Categories: Maritime News

Now Available: gCaptain Gift Cards!

News from gCaptain - Thu, 12/21/2017 - 15:29

Still have a few people on your holiday shopping list? gCaptain gift cards can be purchased anytime and are immediately delivered to you via email. Print it out, drop it in an envelope and your Christmas shopping is done!

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Categories: Maritime News

Coast Guard Issues ‘Final Action Memo’ on El Faro Investigation

News from gCaptain - Thu, 12/21/2017 - 13:44

The U.S. Coast Guard on Thursday released its Final Action Memo on the loss of the El Faro and its 33 crewmembers during a hurricane near Crooked Island, Bahamas on October 1, 2015, essentially making official the Coast Guard’s findings from its investigation into the casualty.  Commandant of the Coast Guard, Adm. Paul Zukunft, approved […]

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Categories: Maritime News

Ocean Alliance Faces Major Network Shake-Up as ULCV Arrivals ‘Rock the Boat’

News from gCaptain - Thu, 12/21/2017 - 12:26

By Gavin van Marle (The Loadstar) – The Ocean Alliance is facing a profound network shake-up as its members prepare to welcome a large tranche of ultra-large containership (ULCV) capacity next year. Yesterday saw the unveiling of the 2018 service network for its members, Cosco, CMA CGM, Evergreen and OOCL. While its rivals – the […]

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Categories: Maritime News

Salvors Forging Ahead with Kea Trader Salvage

News from gCaptain - Thu, 12/21/2017 - 11:02

Marine salvage group Ardent is continuing operations on the Kea Trader, despite the vessel’s broken hull. The 2017-built Kea Trader ran aground in New Caledonia on July 12, just a few months after entering service. Ardent had assumed the salvage with a high emphasis towards environmental effects of the grounded vessel. The owner of the […]

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Categories: Maritime News

Wärtsilä to Acquire Underwater Ship Repairer Trident BV

News from gCaptain - Thu, 12/21/2017 - 10:42

Finnish technology group Wärtsilä has announced its intention to acquire Trident B.V., a Netherlands-based company specializing in underwater ship maintenance, inspection, and repair services. Through the acquisition, Wärtsilä will become the first global operator in the underwater services market. The acquisition is estimated to close in January 2018. Wärtsilä has a long history of providing […]

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Categories: Maritime News

North Sea Pipeline Crack Stress Tests World’s Most Important Oil Benchmark

News from gCaptain - Thu, 12/21/2017 - 10:14

By Laura Hurst (Bloomberg) — When a vital North Sea oil pipeline cracked earlier this month, it did more than halt the flow of barrels: it stress tested the world’s most important physical crude-price benchmark for producers, traders and consumers. The 40-year old Forties Pipeline System was shut down on Dec. 11 after a hairline crack was […]

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Categories: Maritime News

Australia Finds Wreck of First Allied Submarine to Sink in World War One

News from gCaptain - Thu, 12/21/2017 - 09:59

By Elouise Fowler SYDNEY, Dec 21 (Reuters) – Australia has discovered the wreck of its first submarine off the coast of Papua New Guinea, authorities said on Thursday, resolving one of the country’s oldest naval mysteries after more than a century. The submarine, AE-1, was the first Allied vessel to sink during World War One, while […]

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Categories: Maritime News

Greek Shipowner Bets $1 Billion on Low Sulphur Fuel Rule Upending World Trade

News from gCaptain - Thu, 12/21/2017 - 08:51

By Firat Kayakiran (Bloomberg) — A Greek shipowner is predicting new rules for marine fuel will put thousands of the world’s merchant vessels out of business in the next two years, roiling global trade. In fact, he’s wagering $1.1 billion on it. Evangelos Marinakis, chairman of Capital Maritime & Trading Corp., based near Athens, says his company […]

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Categories: Maritime News
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