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Maritime News
Updated: 3 hours 50 min ago

Opinion: 2020 Sulfur Cap May Augur an Oil Shock

Wed, 07/18/2018 - 09:42
By David Fickling (Bloomberg Opinion) — What’s the most important element in global commodity markets right now? Carbon? Copper? Gold? Wrong on all three counts. Sulfur — the yellow, infernal substance that gives rotten eggs their smell and hardens the rubber in car tires — is quietly roiling the energy industry. The disruptions could reshape everything from […]
Categories: Maritime News

New Report Debunks Jones Act Myths in Puerto Rico

Wed, 07/18/2018 - 08:50
Following Hurricane Maria’s landfall in Puerto Rico last September, a number of media reports claimed that the Jones Act had severely damaged the Puerto Rican economy both over time and in the immediate aftermath of the storm. These claims were nothing new. For years even before the storm, the Jones Act, a nearly century-old law […]
Categories: Maritime News

Overseas Shipholding Group Orders Two U.S.-Flag Tankers to Be Built in Korea

Tue, 07/17/2018 - 15:49
U.S.-flag tanker company Overseas Shipholding Group, Inc. (NYSE: OSG) has signed shipbuilding contracts with Hyundai Mipo Dockyard in South Korea for the construction of two 50,000 dwt product chemical tankers. The vessels are scheduled for delivery during the seoncd half of 2019 and will be built at HMD’s yard in Ulsan, South Korea. Upon delivery […]
Categories: Maritime News

Fire Hits VLCC Under Demolition at Gadani Shipbreaking Yard

Tue, 07/17/2018 - 14:42
A major fire tore through an end-of-life VLCC at the Gadani shipbreaking yard in Pakistan on Monday, marking yet another incident to underscore the dangers of scrapping vessels beaches. According to local media reports, the former German tanker ADA caught fire during its demolition at shipbreaking plot 116 at the yard. Four people were initially […]
Categories: Maritime News

ICS Encouraged by IMO Progress on 2020 Global Sulphur Cap Implementation Issues

Tue, 07/17/2018 - 13:41
The International Chamber of Shipping (ICS) says it is encouraged by efforts made by IMO Member States to resolve so of the challenges ahead of the global 0.5% sulphur fuel cap regulations taking effect on 1 January 2020. The ICS’ remarks comes after an important IMO working group meeting last week to which the industry […]
Categories: Maritime News

Hapag-Lloyd Names Newest LNG-Ready ULCS at London Gateway

Tue, 07/17/2018 - 12:02
Hapag-Lloyd AG officially named its newest containership ‘AFIF’ at DP World’s London Gateway on Monday. The Ultra-Large Container Vessel (UCLV) has a capacity of 15,000 TEU, making it the second biggest ship in Hapag-Lloyd’s fleet. The ship is 385.5 meters long and 51 meters wide. Afif is also one of Hapag-Lloyd’s 17 “LNG-ready” ships, meaning it […]
Categories: Maritime News

Singapore Shipping Company Sentenced Pay $1 Million Fine for Illegal Dumping in Hawaii

Tue, 07/17/2018 - 11:15
A Singaporean shipping company has been sentenced to pay a fine of $1 million and serve two years of probation for failing to maintain an accurate oil record book and false statements concerning the illegal dumping of oil-contaminated bilge water at sea. U.S. District Court Judge Helen Gillmor handed down the sentence to Hai Soon […]
Categories: Maritime News

Transocean Lands 11-Well Contract for ‘GSF Development Driller I’ in Australia

Tue, 07/17/2018 - 10:16
Offshore drilling contractor Transocean says its ultra-deepwater semi-submersible GSF Development Driller 1 has been awarded an 11-well contract offshore Australia for Chevron. The contract is expected to commence in the first half of 2019 and will span approximately 955 days. Transocean said the firm contract backlog amounts to approximately $158 million excluding integrated services, amounting […]
Categories: Maritime News

Enterprise Planning Texas Offshore Oil Terminal Capable of Fully Loading VLCCs

Tue, 07/17/2018 - 08:58
Houston-based Enterprise Products Partners L.P. (NYSE: EPD) is planning to develop an offshore crude oil export terminal off the Texas Gulf Coast capable of fully loading Very Large Crude Carriers. The company says its goal is to provide the most efficient and cost-effective solution to export American crude oil to the largest international markets in […]
Categories: Maritime News

Hawaii Lava Tours Face New Limits After ‘Lava Bomb’ Incident

Tue, 07/17/2018 - 08:27
By Jolyn Rosa HONOLULU, July 17 (Reuters) – Hawaii lava tour boats faced tighter restrictions on Tuesday after 23 passengers were injured by a volcanic explosion, as authorities investigated whether a vessel hit by “lava bombs” went too close to molten rock oozing into the Ocean. The U.S. Coast Guard now requires boat captains to […]
Categories: Maritime News

Japan, EU Sign Free Trade Pact Amid Worries About Trump

Tue, 07/17/2018 - 08:20
By Stanley White TOKYO, July 17 (Reuters) – Japan and the European Union signed a wide-ranging free trade deal on Tuesday that both sides hope will act as a counterweight to the protectionist forces unleashed by U.S. President Donald Trump. The ambitious trade pact, which creates the world’s largest open economic area, comes amid fears […]
Categories: Maritime News

Twelve People Injured by Flying Lava Aboard Kilauea Volcano Tour Boat

Mon, 07/16/2018 - 15:45
A dozen people were injured on Monday when the tour boat they were on was struck by flying lava from the Kilauea volcano on Big Island of Hawaii. The U.S. Coast Guard said it received a report of 12 people injured aboard a lava tour boat off Kapoho Bay, HI, where lava from the erupting Kilauea Volcano […]
Categories: Maritime News

Polar Research Vessel RRS Sir David Attenborough (aka ‘Boaty’) Launched in the UK

Mon, 07/16/2018 - 14:04
The 10,000-tonne hull of the RRS Sir David Attenborough was launched into the River Mersey on Saturday, marking a major milestone in the build of the UK’s new state-of-the-art polar research ship. The ship, which is under construction at the Cammel Laird shipyard in Birkenhead, is the largest civilian ship to be built in the […]
Categories: Maritime News

Incident Video: Australian Whale Watching Boat Loses Control at Dock

Mon, 07/16/2018 - 10:45
Check out this incident video showing an Australian whale watching boat apparently lose control as it was docking. We are told the incident took place on July 13, 2018 on Queensland’s Gold Coast. The vessel in the video is the 32-meter-long, high-speed catamaran MV2000, which is a purpose-built whale watching vessel operated by Gold Coast […]
Categories: Maritime News

Tidewater and Gulfmark to Merge, Creating Offshore Supply Vessel Leader

Mon, 07/16/2018 - 09:13
U.S.-based offshore supply vessel companies Tidewater (NYSE: TDW) and GulfMark Offshore (NYSE: GLF) announced Monday that their respective Boards of Directors have unanimously approved a definitive agreement to combine the two companies. The combination would create a global leader in the offshore support vessel sector that is “positioned to capitalize on significant cost synergies and […]
Categories: Maritime News

China’s Growth Slows as Trade Row Stirs Concerns on Outlook

Mon, 07/16/2018 - 08:56
By Kevin Yao and Fang Cheng BEIJING, July 16 (Reuters) – China’s economy expanded at a slower pace in the second quarter as Beijing’s efforts to contain debt hurt activity, while June factory output growth weakened to a two-year low in a worrying sign for investment and exporters as a trade war with the United States […]
Categories: Maritime News

Massive Iceberg Threatens Greenland Village

Mon, 07/16/2018 - 08:31
(Reuters) – An iceberg the size of a hill has drifted close to a tiny village on the western coast of Greenland, causing fear that it could swamp the settlement with a tsunami if it calves. The iceberg towers over houses on a promontory in the village of Innaarsuit but it is grounded and has […]
Categories: Maritime News

Singapore Port Authority Strips Pegasus Maritime of Operator License

Mon, 07/16/2018 - 08:19
SINGAPORE, July 16 (Reuters) – Marine fuel services provider Pegasus Maritime (Singapore) Pte Ltd has lost its licence to operate bunker crafts in the port of Singapore effective July 16, the Maritime And Port Authority (MPA) of Singapore said on Monday. The MPA has revoked Pegasus Maritime’s craft operator licence after investigations earlier this year […]
Categories: Maritime News

Offshore Strike in Norway Expands to More Than 1,500 Workers

Sun, 07/15/2018 - 11:17
OSLO, July 15 (Reuters) – A Norwegian union for workers on offshore oil and gas drilling rigs stepped up a six-day strike on Monday that has slightly hit oil output after employers did not respond to demands for higher wages and pension benefits. The union is adding 900 workers to the strike, under a plan […]
Categories: Maritime News

Four Rescued, Two Missing After Boat Collides with Oyster Barge and Tug in Virginia

Sat, 07/14/2018 - 14:55
The U.S. Coast Guard and other state and local agencies are searching for two people missing after their recreational boat, with six people aboard, collided with an oyster barge being pushed by a tug on the James River near Newport News, Virginia.  Good Samaritans recovered four of the people in the water and they were taken to […]
Categories: Maritime News