Maritime News from gCaptain.com

Yes, Drill Sergeant? Cell Phone Video Shows Texas A&M Maritime Academy Staff Member’s Heated Exchange with Cadet

News from gCaptain - Thu, 05/31/2018 - 13:13
A cell phone video showing a Texas A&M Maritime Academy staff member publicly scolding a cadet during a heated argument has people online saying that the staff member took things too far. The incident occurred May 29 on board the training ship Kennedy before it was due to depart Buzzards Bay, Massachusetts on summer sea […]
Categories: Maritime News

U.S. Hits Allies with Tariffs as Trade War Fears Rise

News from gCaptain - Thu, 05/31/2018 - 10:21
By Jason Lange and Ingrid Melander WASHINGTON/PARIS, May 31 (Reuters) – The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washington’s allies took steps to retaliate against U.S. goods. The move, announced by […]
Categories: Maritime News

Where Do Old Cruise Ships Go To Die?

News from gCaptain - Thu, 05/31/2018 - 09:36
By Fran Golden (Bloomberg) — On a recent four-night cruise to the Bahamas on the 2,758-passenger Carnival Victory, a lively crowd was downing neon drinks at an equally fluorescent bar in the ship’s multi-story atrium. The casino was packed and smoky. This was old-school cruising, and everyone was loving it. Most ships have an official […]
Categories: Maritime News

Fairfax Commits to New $500 Million Investment in Containership Owner Seaspan

News from gCaptain - Thu, 05/31/2018 - 08:42
By Scott Deveau (Bloomberg) — Fairfax Financial Holdings Ltd., the investment firm run by Prem Watsa, is preparing to increase its investment in Seaspan Corp. by $500 million to help fund the containership owner’s takeover ambitions. Fairfax plans to exercise warrants to buy 77 million shares in the Hong Kong-based company at $6.50 per share […]
Categories: Maritime News

As Trump Talks of Trade Losses, China is a Win for U.S. East Coast Ports

News from gCaptain - Thu, 05/31/2018 - 08:17
By Howard Schneider CHARLESTON, S.C., May 31 (Reuters) – For America’s fastest growing East Coast ports, trade with China equals billions of dollars of investment and thousands of well-paid jobs in the heart of Trump country and not, as the president portrays it, the death knell for America’s middle class. At Atlantic ports in the […]
Categories: Maritime News

Polaris Very Large Ore Carrier Adrift Off Brazil After Fire

News from gCaptain - Wed, 05/30/2018 - 15:46
One of the world’s largest bulk carriers and a sister vessel to the ill-fated Stellar Daisy is adrift off the coast of Brazil after a fire knocked out power to the vessel more than four days ago. The 1994-built Very Large Ore Carrier (VLOC) Stellar Samba has been disabled since May 26 after a fire […]
Categories: Maritime News

U.S. Trade Official Rebukes Mnuchin on China Trade Truce

News from gCaptain - Wed, 05/30/2018 - 14:06
By Jenny Leonard and Rich Miller (Bloomberg) — White House trade adviser Peter Navarro criticized Treasury Secretary Steven Mnuchin for declaring the U.S.-China trade war was on hold, calling the remarks an “unfortunate sound bite” and acknowledging there’s a dispute that needs to be resolved. “What we’re having with China is a trade dispute, plain […]
Categories: Maritime News

Product Tanker Grounds in St. Lawrence Seaway

News from gCaptain - Wed, 05/30/2018 - 12:57
A tanker carrying refined petroleum products is aground in the St. Lawrence River near Morrisburg, Ontario. Officials say the Marshall Islands-flagged Chem Norma ran aground just after 4 a.m. Tuesday due to a steering issue while navigating westbound in the St. Lawrence Seaway.  The vessel remained aground as of Wednesday afternoon with two tugs on […]
Categories: Maritime News

Van Oord Wins Offshore Wind Contract in Taiwan

News from gCaptain - Wed, 05/30/2018 - 11:46
Dutch marine contractor Van Oord announced on Wednesday that it has been selected as the preferred contractor for a large 640 MW offshore wind project in Taiwan. The Yunlin offshore wind project is being developed by German wind developer wpd. Van Oord is responsible for the design, manufacturing and installation of the wind farm’s eighty […]
Categories: Maritime News

Indonesia, India Plan to Develop Strategic Indian Ocean Port

News from gCaptain - Wed, 05/30/2018 - 10:57
By Agustinus Beo Da Costa JAKARTA, May 30 (Reuters) – Indonesia and India pledged on Wednesday to step up defense and maritime cooperation, with plans to develop a strategic Indonesian naval port in the Indian Ocean, the leaders of the two countries said after meeting in Jakarta. Indonesian President Joko Widodo met Indian Prime Minister […]
Categories: Maritime News

U.S. Pacific Command Changes Name in Symbolic Nod to India

News from gCaptain - Wed, 05/30/2018 - 10:41
By Idrees Ali PEARL HARBOR, Hawaii, May 30 (Reuters) – The U.S. military on Wednesday renamed its Pacific Command the U.S. Indo-Pacific Command, in a largely symbolic move underscoring the growing importance of India to the Pentagon, U.S. officials said. U.S. Pacific Command, which is responsible for all U.S. military activity in the greater Pacific […]
Categories: Maritime News

Shale’s Surge Crashes Into Bottlenecks From Pipelines to Ports

News from gCaptain - Wed, 05/30/2018 - 08:13
By Alex Nussbaum (Bloomberg) — The U.S. shale surge is crashing headlong into a barrage of bottlenecks. From West Texas pipelines to Oklahoma storage centers and Gulf Coast export terminals, the delivery system for American crude is straining to keep up with soaring production. That’s limiting the industry’s ability to take full advantage of growing […]
Categories: Maritime News

Former OW Bunker Manager Sentenced to 18-Month Jail Term

News from gCaptain - Wed, 05/30/2018 - 08:08
By Jacob Gronholt-Pedersen COPENHAGEN, May 30 (Reuters) – A Danish court on Wednesday sentenced the former manager of OW Bunker’s Singapore subsidiary to 18 months in prison after he was found guilty of granting credit outside his mandate, contributing to the bankruptcy of the marine fuel oil supplier. The 2014 bankruptcy of OW Bunker, then […]
Categories: Maritime News

Ever wanted to own an ex-military ship? Now you can

News from gCaptain - Wed, 05/30/2018 - 06:42
Ever wanted to own an ex-military ship? Well, now’s your chance. GraysOnline, Australia’s leading online industrial auctioneer is currently selling three vessels via un unreserved online auction. A Fleet training and support vessel HMAS “Seahorse Horizon”, located in New South Wales and two Self Propelled Water Fuel Lighter vessels, “Wyulda” located in Western Australia and […]
Categories: Maritime News

ABB to Equip High-Spec Service Operations Vessel for World’s Largest Offshore Wind Farm

News from gCaptain - Wed, 05/30/2018 - 05:51
ABB technology allowing integration of batteries receives major vote of confidence as Louis Dreyfus Armateurs orders second wind farm service vessel featuring a wide scope of ABB’s solutions. Press Release (ABB) Maritime transportation group Louis Dreyfus Armateurs (LDA) will add a second 83 meter windfarm service operation vessel (SOV) to its fleet, featuring an extensive range […]
Categories: Maritime News

Inchcape to Pay $20 Million to Settle Lawsuit Claiming it Overbilled U.S. Navy for Ship Husbanding

News from gCaptain - Tue, 05/29/2018 - 14:26
WASHINGTON, May 29 (Reuters) – A British-based maritime services company has agreed to pay $20 million to resolve allegations it overbilled the U.S. Navy for goods and services provided to American warships at ports around the world, the U.S. Justice Department said on Tuesday. Privately held Inchcape Shipping Services Holdings Ltd and some of its […]
Categories: Maritime News

`Dawn’ of Asia’s Offshore Wind Boom Lures Japanese Trading Houses

News from gCaptain - Tue, 05/29/2018 - 13:08
By Chisaki Watanabe and Ichiro Suzuki (Bloomberg) — Untapped offshore wind is luring Japan’s biggest commodity houses to invest in projects in Taiwan and at home, buoyed by favorable government policies that support development of the clean power. Mitsui & Co. this month bought a stake in the Taiwanese wind developer Yushan Energy Co. that […]
Categories: Maritime News

Maersk Taps ABS to Lead Workshop on Cargo Hazards Impacting Safety on Containerships

News from gCaptain - Tue, 05/29/2018 - 12:33
Maersk Line recently tapped classification society ABS to lead a workshop to identify and evaluate potential hazards posed on containerships from dangerous cargo stowage in the aftermath of the Maersk Honam fire. The workshop assembled industry stakeholders to conduct a comprehensive Hazard Identification (HAZID) study to better understand key risks associated with cargo. ABS said […]
Categories: Maritime News

BW LPG Makes $1.1 Billion Offer to Buy Dorian LPG

News from gCaptain - Tue, 05/29/2018 - 11:43
OSLO, May 29 (Reuters) – The world’s largest liquid petroleum gas (LPG) shipper, Norway’s BW LPG, is offering to buy competitor Dorian LPG in a $1.1 billion all-stock deal in an effort to boost its earnings in a weak market, it said in a statement on Tuesday. Dorian shareholders will receive 2.05 BW LPG shares […]
Categories: Maritime News

Maersk Honam Docks in Jebel Ali Nearly Three Months After Fire

News from gCaptain - Tue, 05/29/2018 - 09:48
The fire-stricken containership Maersk Honam has now berthed at the Port of Jebel Ali where cargo discharge operations are now underway nearly three months after a major fire broke out on board the vessel. Maersk Line confirmed in a statement to gCaptain that the Maersk Honam berth on Sunday, May 27. The discharge operations for […]
Categories: Maritime News
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