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Maritime News
Updated: 1 hour 45 min ago

Maritime Monday for February 19th, 2018: Get Your Swag On Issue

Sun, 02/18/2018 - 20:57

Several fights broke out over the 10-day cruise, including two captured on camera showing guests throwing punches on a pool deck and a ship nightclub. (One) video showed people yelling, crying, throwing punches and a crew member repeatedly kicking a guest on the floor. It’s unclear exactly how and why the fights started, but one family […]

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Categories: Maritime News

Fredriksen ‘Close’ Seadrill Debt Restructuring Deal

Sun, 02/18/2018 - 09:23

OSLO, Feb 17 (Reuters) – Seadrill’s main owner, billionaire John Fredriksen, is close to reaching a final agreement with banks, bondholders and South Korean shipyards on a financial restructuring plan, the drilling rig company said in a court filing. The Oslo and New York-listed firm, once the world’s largest offshore driller by market value, filed […]

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Categories: Maritime News

The Maritime Monday T-Shirts are In!

Sun, 02/18/2018 - 09:16

You heard that right, the Maritime Monday t-shirts are in! We are excited to announce the arrival Maritime Monday t-shirt line created by the one and only Monkey Fist herself. The smack-talking, potty mouthed, Yankee hating, Red Sox fan Monkey Fist has custom designed this new line inspired by her fan-favorite Maritime Monday column.  To […]

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Categories: Maritime News

Maersk CEO on Unmanned Ships: ‘Not In My Lifetime’

Fri, 02/16/2018 - 14:10

By Christian Wienberg (Bloomberg) — The chief executive officer of the world’s biggest shipping company says it’s unlikely container vessels will operate without humans in his lifetime. A.P. Moller-Maersk A/S has already pushed through enough cuts to reduce crew sizes in response to the spread of automation, CEO Soren Skou said in an interview. He […]

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Categories: Maritime News

Trump Administration Sets March Date for Largest Oil and Gas Lease Auction in U.S. History

Fri, 02/16/2018 - 13:53

WASHINGTON, Feb 16 (Reuters) – The Trump administration on Friday said it would offer the largest oil and gas offshore auction in U.S. history on March 21 for areas in federal waters off the Gulf Coast, less than a year after a similar sale yielded little corporate interest. The Interior Department said it would offer […]

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Categories: Maritime News

Tidewater Appoints New President and CEO

Fri, 02/16/2018 - 11:51

Louisiana-based oil services company Tidewater (NYSE:TDW) has announced the appointment of John T. Rynd as the company’s new President and Chief Executive Officer and a member of the Board of Directors effective March 5. The announcement comes after a four-month search for new CEO after its former CEO, Jeffrey Platt, stepped down from the role […]

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Categories: Maritime News

Transocean to Take $112 Million Hit Over Rig Breakdown

Fri, 02/16/2018 - 10:57

Offshore driller Transocean will take a $112 million hit from a drilling contract amendment for its harsh-environment semi-submersible Transocean Leader. Transocean revealed Thursday that the rig experienced equipment breakdown that could not be repaired in-time, entitling its customer with the right to terminate the contract. However, Transocean says the customer instead opted to renegotiate the […]

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Categories: Maritime News

‘Promising Start’ to 2018 for LNG Containment System-Maker GTT

Fri, 02/16/2018 - 10:50

French liquefied natural gas containment manufacturer GTT says 2018 is off to a “great start” having received new orders to provide LNG containment systems for three LNG carriers and one bunkering vessel that will supply the LNG fuel to the world’s largest gas-powered containerships. The three LNG carriers, with capacities ranging from 174,000 to 180,000 […]

The post ‘Promising Start’ to 2018 for LNG Containment System-Maker GTT appeared first on gCaptain.

Categories: Maritime News

Seadrill Close to Restructuring Deal with Bondholders, Sources Say

Fri, 02/16/2018 - 09:52

By Nerijus Adomaitis and Tom Hals OSLO/WILMINGTON, Delaware, Feb 15 (Reuters) – Seadrill’s main owner, billionaire John Fredriksen, is close to a deal with unsecured bondholders and South Korean shipyards on a restructuring plan for the rig operator, sources familiar with the talks said on Thursday. The Norwegian company, which last year filed for bankruptcy protection […]

The post Seadrill Close to Restructuring Deal with Bondholders, Sources Say appeared first on gCaptain.

Categories: Maritime News

Port of Rotterdam CEO “Preparing for the Worst” with Brexit

Fri, 02/16/2018 - 08:50

By Toby Sterling ROTTERDAM, Feb 16 (Reuters) – The Port of Rotterdam is bracing for a British exit from the European Union without any deal on customs, and looking at measures such as hiring 100 extra customs agents and dozens of fresh produce inspectors. CEO Allard Castelein said he had had two meetings in the past […]

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Categories: Maritime News

Pasha Hawaii’s Horizon Spirit Completes Hurricane Relief Deployment to Puerto Rico

Thu, 02/15/2018 - 15:40

Jones act carrier Pasha Hawaii says its vessel Horizon Spirit has returned to the U.S. west coast after completing its hurricane relief deployment to Puerto Rico in the aftermath Hurricane Maria hitting the U.S. island territory nearly five months ago. Since October 21, 2017, the Horizon Spirit had been re-deployed from the U.S. west coast […]

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Categories: Maritime News

Big Oil CEOs Appeal to Norway to Back Carbon Capture and Storage Project in North Sea

Thu, 02/15/2018 - 13:28

By Mikael Holter (Bloomberg) — Three of the world’s biggest oil companies called on Norway to help maintain funding for carbon capture and storage technology that is stagnating amid concerns about whether it can ever be cost-effective. The chief executive officers of Royal Dutch Shell Plc, Total SA and Norway’s state-controlled Statoil ASA gathered on the sidelines […]

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Categories: Maritime News

U.S. Scrap Exports Remain Strong Despite China’s Ban on Imports

Thu, 02/15/2018 - 11:55

Scrap exports from the United States remained strong in 2017 despite China’s ban on certain scrap imports, which has riled the the global recycling industry since the ban was announced last summer, according to an analysis from the Institute of Scrap Recycling Industries (ISRI) released Thursday. China notified the World Trade Organization (WTO) in July […]

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Categories: Maritime News

Washington State Likely to Deny Permits for Trump Administration’s Offshore Drilling Plan

Thu, 02/15/2018 - 10:53

By Laila Kearney NEW YORK, Feb 15 (Reuters) – Washington state is preparing to reject land leases and easements to stymie the Trump administration’s plan to allow oil drilling off its shores, an official of the Pacific northwest state said on Thursday. State Commissioner of Public Lands Hilary Franz, in a letter to U.S. Interior […]

The post Washington State Likely to Deny Permits for Trump Administration’s Offshore Drilling Plan appeared first on gCaptain.

Categories: Maritime News

WATCH: Drone Video Shows a Busy Remontowa Shipyard

Thu, 02/15/2018 - 09:58

Here is some drone footage showing an extremely-busy Remontowa shipyard in Gdansk, Poland, one of the busiest shipyards in Europe specializing in repairs, conversions and modernizations of ships and offshore vessels. According to the website PortalMorski.pl, which shot the video just a few days ago, the footage actually shows a record seven car and passenger ferries at […]

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Categories: Maritime News

Mercedes Unveils $2 Million AMG Cigarette Racing Boat

Thu, 02/15/2018 - 09:50

By Hannah Elliott (Bloomberg) — Today in Miami Mercedes-Benz-AMG debuted its latest collaboration with Cigarette Racing, the 515 Project One. The $2 million superboat has 3,100 total horsepower and can hit a top speed of 140 mph. The look and color scheme of the boat is based on the Mercedes-AMG Project One hybrid supercar developed from Formula […]

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Categories: Maritime News

Container Throughput Boosts Port of Rotterdam

Thu, 02/15/2018 - 09:35

Cargo throughput at the port of Rotterdam, Europe’s largest port, rose 1.3 percent to 467 million tonnes in 2017, driven by strong growth in the container segment, the port said on Thursday.  Container volume rose 12.3 percent, offsetting a decrease of 2.6 percent and 4.1 percent in dry bulk and wet bulk respectively, the port […]

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Categories: Maritime News

Hedge Funds Hook Shipping Stocks Grappling for Recovery

Thu, 02/15/2018 - 08:53

By Maiya Keidan and Jonathan Saul LONDON, Feb 15 (Reuters) – Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry. Hedge funds made initial forays into shipping stocks in the third quarter of […]

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Categories: Maritime News

FLIR Announces Raymarine Quantum 2 CHIRP Radar with Doppler Technology

Thu, 02/15/2018 - 07:46

FLIR Systems, Inc. (NASDAQ: FLIR) announced today their most advanced solid-state marine radar, the Quantum® 2 with doppler target identification technology. Designed for integrating with Raymarine’s award winning Axiom® multifunction displays, Quantum 2 enhances boaters’ situational awareness by intelligently identifying moving and static targets at both long and short ranges. Using advanced doppler processing, Quantum […]

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Categories: Maritime News

Waterfront Shipping to Add Four More Methanol-Fueled Tankers to Fleet

Wed, 02/14/2018 - 14:15

Methanol shipping specialist Waterfront Shipping has announced a plans to build four new oceangoing tankers capable on running on clean-burning methanol fuel. The 49,000 dwt methanol tankers were ordered through a joint-industry project involving Waterfront Shipping, Marinvest, IINO Kaisha, Mitsui & Co. and NYK Group. The newbuilds will join an existing fleet of seven 50,000 […]

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Categories: Maritime News