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Maritime News
Updated: 11 hours 35 min ago

Whistleblowing Ship Master Wins Case Against Matson and Hails Seaman’s Protective Act as Powerful Tool to Require Ship Owners to Maintain Safe Ships

Wed, 07/11/2018 - 13:48
Captain John Loftus, an advocate for merchant marine safety, won a decision from the Administrative Review Board of the Department of Labor that sustained a $1.1 million judgment against a company that punished Loftus for reporting unsafe conditions aboard the company ships.   The decision, delivered on May 24, 2018 may also open the gate […]
Categories: Maritime News

Green Coalition Calls on Carnival Corp. to Stop Use of Heavy Fuel Oil in the Arctic

Wed, 07/11/2018 - 13:41
A coalition of environmental groups is calling on Carnival Corporation to stop its use of heavy fuel oil on its ships operating in the Arctic just as the Arctic cruise season kicks off up north.  The coalition, led by Transport & Environment in Europe, and and Pacific Environment and Friends of the Earth in […]
Categories: Maritime News

How Could Iran Disrupt Oil Flows in the Persian Gulf and Strait of Hormuz?

Wed, 07/11/2018 - 12:45
ANKARA/LONDON, July 11 (Reuters) – The commander of Iran’s Revolutionary Guards said last week that Tehran would block all exports through the Strait of Hormuz in the Gulf if countries heed U.S. calls to stop buying Iranian oil from November. A fifth of global oil consumption passes through the Strait from Middle East crude producers […]
Categories: Maritime News

World’s Biggest Shipping Company Already Feeling Pain from Trade War

Wed, 07/11/2018 - 11:44
By Frances Schwartzkopff (Bloomberg) — A.P. Moeller-Maersk A/S may struggle to make a profit this year after the U.S. and China descended into a trade war that promises to hurt the world’s biggest shipping company. Maersk, which is based in Copenhagen, has already lost almost a third of its market value this year as investors […]
Categories: Maritime News

China and U.S. Impose Tariffs on Trade Flows That Don’t Exist

Wed, 07/11/2018 - 10:54
By Dan Murtaugh (Bloomberg) — Natural gas, the cleanest and fastest-growing fossil fuel, has found itself in perhaps the oddest corner of the multi-billion dollar trade war between the world’s two biggest economies. When the U.S. added duties to $34 billion of Chinese goods last month, China retaliated with its own list that included piped […]
Categories: Maritime News

Bourbon Suspends Payments on Debt as it Seeks ‘Balanced Solution’ with Lenders

Wed, 07/11/2018 - 10:51
French offshore services provider Bourbon says it has reached a deal with its lenders to temporarily withhold payments and servicing of its debt as the group seeks a “balanced solution” with its creditors. Bourbon announced Tuesday it signed a general waiver with its leasers and debt holders representing the majority of its debt which will […]
Categories: Maritime News

Hapag-Lloyd Investor Confirms Approach from CMA CGM, Says Takeover Should Go Other Way Around

Wed, 07/11/2018 - 09:22
By Mike Wackett (The Loadstar) – One of Hapag-Lloyd’s largest shareholders has brushed off an approach by CMA CGM for merger talks. Any such deal could create the largest container shipping line in the world. Alphaliner reports that, on the side lines of the company’s AGM in Hamburg yesterday, Hapag-Lloyd 21.4% shareholder Klaus Michael Kuehne confirmed […]
Categories: Maritime News

John Browne: Oil and Gas Companies Will Lead Energy Revolution

Wed, 07/11/2018 - 08:41
By John Browne (Bloomberg Opinion) — When it comes to climate change, I have always been a believer: not in hand-wringing debate, not in unrealistic solutions like the elimination of hydrocarbons, but in the power of action. In 1997, as chief executive of BP, I was the first leader of a major oil company to acknowledge that […]
Categories: Maritime News

China Says Will Hit Back After U.S. Proposes Fresh Tariffs on $200 Billion in Goods

Wed, 07/11/2018 - 06:59
By Tony Munroe and Eric Beech BEIJING/WASHINGTON, July 11 (Reuters) – China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods. China’s commerce ministry said on Wednesday it was “shocked” and […]
Categories: Maritime News

Bollinger Would Build New Coast Guard Icebreakers in Tampa

Tue, 07/10/2018 - 15:34
Bollinger Shipyards says it will build the U.S. Coast Guard’s new icebreakers at its facilities in Tampa, Florida if it is eventually selected as the main contractor in the $2.1 billion program. The Louisiana-based shipbuilder announced on Monday it has selected Tampa Shipyard for the design and construction of up to three heavy polar icebreakers, […]
Categories: Maritime News

Escalation of Norway’s Offshore Strike Looms

Tue, 07/10/2018 - 14:10
By Mikael Holter (Bloomberg) — A strike curtailed oil production off Norway for the first time in six years as Royal Dutch Shell Plc shut a North Sea field and workers threatened to escalate labor action at the weekend. Shell was forced to shut down its Knarr field, which produced about 23,000 barrels a day of oil […]
Categories: Maritime News

Chinese Rescue Diver to Receive IMO Exceptional Bravery At Sea Award

Tue, 07/10/2018 - 13:49
A Chinese rescue diver who led a series of dives to help rescue six crew members from a sunken cargo ship will receive the 2018 IMO Award for Exceptional Bravery At Sea, the International Maritime Organization has announced. The rescue started 27 November 2017 when the bulk carrier M/V Jin Ze Lun collided with another […]
Categories: Maritime News

BIMCO: 2018 Has Been ‘Historically Bad’ for Crude Oil Tankers

Tue, 07/10/2018 - 12:20
The first half of 2018 has been a historically bad year for crude oil tankers as earnings hit their lowest level on record in heavy loss-making territory, according to shipping industry association BIMCO. Earnings for Very Large Crude Carriers (VLCCs) in the first half of 2018 were as low at USD 6,001 per day on average, […]
Categories: Maritime News

South Carolina Port Authority Reports Record Container Volume in FY 2018

Tue, 07/10/2018 - 11:35
South Carolina Ports Authority reported a record container volume of 2.2 million twenty-foot equivalent container units (TEUs) during its 2018 fiscal year. The new record represents an increase of three percent over the previous fiscal year, the Port Authority said. Closing out its fiscal year, SCPA handled 201,163 TEUs in June, the single highest month […]
Categories: Maritime News

Former USS Fitzgerald Commanding Officer Pleads Not Guilty to Charges

Tue, 07/10/2018 - 11:10
The former Commanding Officer of the USS Fitzgerald pleaded not guilty to charges related to last year’s collision of the U.S. Navy destroyer with a merchant ship off the coast of Japan. Cmdr. Bryce Benson is now set to face a general court-martial on charges of negligence and hazarding a vessel, reports USNI News. The […]
Categories: Maritime News

Hapag-Lloyd CEO Says Company is Cutting Costs as Fuel Prices Rise

Tue, 07/10/2018 - 08:45
By Vera Eckert FRANKFURT, July 10 (Reuters) – German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday. “Major cost positions have risen more than initially expected and are pressuring operating margins,” […]
Categories: Maritime News

Hundreds of Norway’s Offshore Workers Go On Strike

Tue, 07/10/2018 - 06:48
By Gwladys Fouche and Lefteris Karagiannopoulos OSLO, July 10 (Reuters) – Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher. One union said hundreds more workers would join the […]
Categories: Maritime News

Panama and China Kick Off Free Trade Talks With Eye Regional Hub

Mon, 07/09/2018 - 15:44
PANAMA CITY, July 9 (Reuters) – Panama and China opened free trade talks on Monday with the aim of crafting an agreement that could turn the Central American country into a hub for Chinese goods across Latin America. Panama’s Minister for Trade and Industry Augusto Arosemena said the first round of talks would last until […]
Categories: Maritime News

U.S. Navy Sailor Dies in Small Boat Accident in Red Sea

Mon, 07/09/2018 - 13:44
A U.S. Navy sailor assigned to the Arleigh Burke-class guided-missile destroyer USS Jason Dunham (DDG 109) died Sunday from injuries sustained while conducting small boat operations July 8, the U.S. Navy’s 5th Fleet said in a statement. The sailor was medically evacuated to a hospital in Aqaba, Jordan, and was pronounced dead at 12:45 p.m., […]
Categories: Maritime News

Costamare Signs Contracts for Five Charter-Backed Newbuild Containerships and Two Secondhand

Mon, 07/09/2018 - 13:29
Greek ship owning company Costamare Inc has signed shipbuilding contracts for five charter-backed containerships at Jiangsu Yangzijiang Shipbulding in China. Each vessel will be approximately 12,690 TEU capacity. Delivery is scheduled from the second quarter of 2020 to the second quarter of 2021, at which point the vessels will commence ten-year time charter contacts with […]
Categories: Maritime News