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Maritime News
Updated: 6 hours 22 min ago

China Accuses U.S. of Firing First Shot in Trade War

Thu, 07/05/2018 - 12:09
By Elias Glenn and David Lawder BEIJING/WASHINGTON, July 5 (Reuters) – China accused the United States on Thursday of “opening fire” on the world with tariffs set to take effect on Friday, warning that it will respond the moment that duties on $34 billion in Chinese goods kick in. U.S. President Donald Trump has threatened […]
Categories: Maritime News

U.S. Navy Ready to Protect Freedom of Navigation in Strait of Hormuz Amid Iran Threat

Thu, 07/05/2018 - 11:23
By Bozorgmehr Sharafedin LONDON, July 5 (Reuters) – The U.S. Navy stands ready to ensure free navigation and the flow of commerce, the U.S. military’s Central Command said on Thursday, as Iran’s Revolutionary Guards warned they would block oil shipments through the Strait of Hormuz if necessary. Iranian President Hassan Rouhani and some senior military […]
Categories: Maritime News

Australia Detains ‘Unseaworthy’ Ship, Arrests Owners

Thu, 07/05/2018 - 11:01
Inspectors with the Australian Maritime Safety Authority detained the Australian-flagged MV Tomin in the Port of Yamba, New South Wales last week after determining the vessel to be unseaworthy, substandard and a threat to the marine environment. Two of the vessel’s owners were arrested on board, charged with operating an unseaworthy and substandard vessel.  AMSA […]
Categories: Maritime News

Trade Tensions Loom Over World’s Fastest-Growing Fossil Fuel

Thu, 07/05/2018 - 10:44
By Rachel Adams-Heard, Dan Murtaugh and Anna Shiryaevskaya (Bloomberg) — The world’s fastest growing fossil fuel is bracing for a direct hit from increasing global trade tensions. U.S. President Donald Trump’s tough talk on trade with China is looming over his country’s efforts to become the world’s largest exporter of liquefied natural gas. In Europe, […]
Categories: Maritime News

Trump Effort to Lift U.S. Offshore Wind Sector Sparks Interest from Europe

Thu, 07/05/2018 - 10:28
By Nichola Groom July 5 (Reuters) – The Trump administration wants to fire up development of the U.S. offshore wind industry by streamlining permitting and carving out vast areas off the coast for leasing – part of its ‘America First’ policy to boost domestic energy production and jobs. The Europeans have taken note. The drive to […]
Categories: Maritime News

World’s Biggest Shipping Market Shrugs Off Trade War Threat

Thu, 07/05/2018 - 10:16
By Alaric Nightingale (Bloomberg) –Will somebody please tell commodity shippers there’s a trade war going on? Whether it’s the price of hiring giant freighters to haul hundreds of millions of tons a year of iron ore and coal, or smaller carriers moving grains, there’s a theme emerging: dry-bulk shipping rates are rallying despite an escalating trade […]
Categories: Maritime News

Strait of Hormuz: The World’s Most Important Oil Artery

Thu, 07/05/2018 - 09:09
LONDON, July 5 (Reuters) – With a third of the world’s sea-borne oil passing through it every day, the Strait of Hormuz is a strategic artery linking Middle East crude producers to key markets in Asia Pacific, Europe, North America and beyond. This week, an Iranian Revolutionary Guards commander threatened that Tehran will block oil […]
Categories: Maritime News

200,000 DWT LNG-Powered Bulk Carrier Design Granted Class Approval

Thu, 07/05/2018 - 08:15
Tokyo-based classification society has granted Approval in Principle to NYK Line and Japan Marine United for their joint project on the concept design of an LNG-fueled 200,000 dwt bulk carrier. The design is based on a similar-sized bulk carrier design developed by JMU. The Approval in Principle (AIP) is based on ClassNK’s Rule Part GF […]
Categories: Maritime News

Ghost Ships No More: Seismic Vessels Resume Oil and Gas Search as Prices Perk Up

Wed, 07/04/2018 - 16:11
By Florence Tan and Gavin Maguire SINGAPORE, July 5 (Reuters) – A growing fleet of ships is scanning oceans in search of new oil and gas fields as energy companies, now with more cash thanks to stronger crude prices, gradually resume spending on seismic services after a four-year downturn. A doubling in the area contracted […]
Categories: Maritime News

Humanitarian Migrant Rescue Boat Rejected by Italy and Malt Arrives in Spain

Wed, 07/04/2018 - 08:17
MADRID, July 4 (Reuters) – A humanitarian rescue boat carrying 60 migrants rescued off Libya docked in Barcelona on Wednesday after being turned away by Malta and Italy, in the latest example of European divisions on immigration. Spain’s new Socialist prime minister, Pedro Sanchez, had offered for the second time in a month to take […]
Categories: Maritime News

Captain Managed to Steer Sinking Indonesian Ferry Onto Reef, But 31 Reported Dead

Wed, 07/04/2018 - 08:11
JAKARTA, July 4 (Reuters) – The captain of a sinking Indonesian ferry managed to steer his ship onto a reef to enable the evacuation of more than 100 passengers, but 31 people drowned as the vessel floundered in stormy seas, officials said on Wednesday. The latest ferry disaster in Indonesia, which happened on Tuesday near […]
Categories: Maritime News

Crew Concerns Saved Lives When Rescue Boat Unintentionally Released During Drill

Tue, 07/03/2018 - 13:58
Crew members’ concern over the safety of rescue boats being lowered from heights prevented an accidental release of a boat during a training exercise from turning fatal, the Danish Maritime Investigation Branch said in a report on the incident. The DMAIB issued its summary report on the unintentional release of a rescue boat on the […]
Categories: Maritime News

MHI Vestas to Use Taiwan as Export Hub for Asia’s Offshore Wind Industry

Tue, 07/03/2018 - 13:04
By Chisaki Watanabe (Bloomberg) — MHI Vestas Offshore Wind A/S, the world’s second-biggest offshore wind turbine maker, is planning to use Taiwan as a hub to assemble and export turbines as it aims to extend its footprint in Asia. Taiwan has emerged as a hot spot for offshore wind as President Tsai Ing-Wen works to […]
Categories: Maritime News

DHT to Install Scrubbers on Twelve VLCCs

Tue, 07/03/2018 - 12:53
Crude oil tanker company DHT Holdings has entered into agreements to install exhaust gas cleaning systems, also know as scrubbers, on twelve of its Very Large Crude Carriers (VLCCs) in order to comply with the IMO’s upcoming low sulphur fuel regulations.  DHT announced on Tuesday it has entered into agreement with Alfa Laval to supply the […]
Categories: Maritime News

Disgraced Brazilian Tycoon Eike Batista Sentenced to 30-Years for Corruption

Tue, 07/03/2018 - 11:13
By Brad Brooks SAO PAULO, July 3 (Reuters) – Eike Batista, the former mining and oil magnate who was once Brazil’s richest man, was convicted and sentenced to 30 years in prison for bribing Rio de Janeiro state’s disgraced ex-governor, according to a court document published on Tuesday. Batista’s conviction and sentencing by federal judge […]
Categories: Maritime News

Port of Virginia’s Harbor Deepening Project Gets Final Federal Approval

Tue, 07/03/2018 - 09:37
The project to make the Port of Virginia “wider, deeper and safer” has taken a critical step forward after receiving final approval for the project from the U.S. Army Corps of Engineers.   The Army Corps’ Chief of Engineers’ Report, issued Tuesday, is the final federal review of the project and clears the way for the […]
Categories: Maritime News

VARD to Construct Third Expedition Cruise Ship for Hapag-Lloyd Cruises

Tue, 07/03/2018 - 08:25
VARD has announced it has secured new contract for the design and construction of a luxury expedition cruise vessel for German cruise company Hapag-Lloyd Cruises.  VARD already constructing two Polar-class expedition cruise ships under construction for Hapag-Lloyd Cruises. Like those already under construction, the third ship will specially-designed for cruises in polar regions in the Arctic and […]
Categories: Maritime News

SBM Offshore Wins Order for New Exxon Mobil FPSO

Tue, 07/03/2018 - 08:06
AMSTERDAM, July 3 (Reuters) – Dutch marine engineer SBM Offshore has won a contract to supply a new production vessel for oil major Exxon Mobil in Guyana, setting its shares on track for their biggest gain in nearly two years. Under the terms of the deal, SBM will engineer and design a second floating production, […]
Categories: Maritime News

Harvey Gulf International Marine Emerges from Chapter 11

Mon, 07/02/2018 - 16:35
New Orleans-based offshore supply company Harvey Gulf International Marine announced Monday that it has completed its financial restructuring and emerged from Chapter 11 bankruptcy after completing a court-approved Plan of Reorganization. Under the reorganization, Harvey Gulf has shed approximately $1 billion in debt and emerges with a “dramatically de-leveraged balance sheet”, the company said.  The […]
Categories: Maritime News

Largest U.S.-Built Containership Christened at Philly Shipyard

Mon, 07/02/2018 - 13:10
U.S. shipping Matson, Inc. (NYSE: MATX) and Philly Shipyard christened the largest containership ever built in the United States in a ceremony at the Philly Shipyard on Saturday.  The new vessel is named ‘Daniel K. Inouye’ in honor of Hawaii’s late senior U.S. Senator, who was a longstanding supporter of the U.S. maritime industry and its […]
Categories: Maritime News