Maritime News from gCaptain.com

America’s Most Popular Gasoline Pipeline Is Losing its Edge

News from gCaptain - Thu, 06/22/2017 - 16:44

By Laura Blewitt (Bloomberg) — The hottest trade in the U.S. gasoline market is starting to cool. As America’s U.S. Gulf Coast refining complex seeks more attractive destinations for its rising production of motor fuels, marketers have found that shipping gasoline to the Atlantic Coast on the Colonial Pipeline might not be the most profitable […]

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Categories: Maritime News

South Africa Rejects Japanese Container Shipping’s Mega-Merger

News from gCaptain - Thu, 06/22/2017 - 15:59

By Gavin van Marle (The Loadstar) – The South African Competition Commission has rejected the merger of the container divisions of NYK, MOL and K Line to create Ocean Network Express. In South Africa, NYK operates its shipping business through the Mitchell Cotts Maritime agency; MOL through subsidiaries MOL South Africa and MOL ACE South Africa; […]

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Categories: Maritime News

President Trump to Nominate Mark Buzby, Former MSC Commander, as Maritime Administrator

News from gCaptain - Thu, 06/22/2017 - 11:25

President Donald Trump has announced his intention to nominate Mark H. Buzby of Virginia to the position of Maritime Administrator at the Department of Transportation’s Maritime Administration (MARAD). Rear Admiral Buzby is a retired Navy Rear Admiral with 34 years of experience serving in at-sea billets, primarily in cruisers and destroyers. During his career, Buzby […]

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Categories: Maritime News

Shipping Industry Unites to Propose Ambitious CO2 Reduction Objectives to IMO

News from gCaptain - Thu, 06/22/2017 - 09:58

Four prominent international trade associations have banded together in issuing a joint proposal to the UN International Maritime Organization (IMO) concerning ambitious CO2 reductions by the international shipping sector, which is responsible for transporting about 90% of global trade and 2.2% of the world’s annual man-made CO2 emissions.  The four associations issuing the joint statement […]

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Categories: Maritime News

Ritz-Carlton Launching Luxury Cruise Line With Three New Ships

News from gCaptain - Thu, 06/22/2017 - 09:34

By Nikki Ekstein (Bloomberg) — Want to cash in your SPG and Marriott points for a yacht cruise? That may soon be possible, as Ritz-Carlton, Marriott International Inc.’s flagship luxury brand, announced a seafaring expansion Thursday. As part of the newly minted Ritz-Carlton Yacht Collection, the five-star hotel brand will launch three small, ultra-luxury ships […]

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Categories: Maritime News

Fitch: Global Ports Sector Faces Structurally Slower Growth

News from gCaptain - Thu, 06/22/2017 - 09:17

LONDON, June 22 (Fitch) Traffic growth in the ports sector is likely to remain well below historical levels for the foreseeable future, due to fundamental structural changes in the industry and global trade, Fitch Ratings says. A move towards protectionism would represent a significant additional risk, with the potential to reverse sector growth. Global port […]

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Categories: Maritime News

With 3 Named Storms Already, What Should We Expect for the Remainder 2017 North Atlantic Hurricane Season?

News from gCaptain - Wed, 06/21/2017 - 16:36

By Fred Pickhardt (Ocean Weather Services) – Given the unusual occurrence of 3 named tropical cyclones prior to the end of June, one might ask what should we expect for the remainder of the 2017 hurricane season? A number of forecast centers have already made their predictions for the 2017 hurricane season with most sources […]

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Categories: Maritime News

Tropical Storm Cindy Crimps Shipping, Forces Energy Workers Out of Gulf

News from gCaptain - Wed, 06/21/2017 - 13:27

By Brian K. Sullivan (Bloomberg) — Tropical Storm Cindy, which has already shut energy production in the Gulf of Mexico, disrupted shipping and forced workers off oil and gas platforms, is now bearing down on the Texas-Louisiana coastline. With top winds of 50 miles (80 kilometers) an hour, down from 60 mph earlier, the system […]

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Categories: Maritime News

Evergreen Looks Single and Happy in Container Shipping Love-Fest

News from gCaptain - Wed, 06/21/2017 - 10:58

By David Fickling (Bloomberg Gadfly) — While wedding bells have been ringing out across the global shipping industry, Taiwan’s biggest container line, Evergreen Marine Corp., has remained aloof. If mergers currently awaiting approval go ahead, the market share of the top five container lines will rise to 60 percent, from about 49 percent 18 months […]

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Categories: Maritime News

Norwegian OSV Mega-Merger Completed

News from gCaptain - Wed, 06/21/2017 - 10:48

The world’s largest high-end offshore service vessel company was created Wednesday with the completion of the mergers involving former Norwegian offshore shipping companies Farstad Shipping, Deep Sea Supply and Solstad Offshore, with the latter being the surviving entity. The new company, named Solstad Farstad ASA, will operate out of Skudeneshavn, Norway with a fleet of […]

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Categories: Maritime News

Two Shipping Companies to Pay $1.9 Million Fine Over Illegal Dumping, Cover-Up

News from gCaptain - Wed, 06/21/2017 - 09:54

Two international shipping companies have pleaded guilty in U.S. federal court in Beaumont, Texas to violating the Act to Prevent Pollution from Ships (APPS) and obstruction of justice related to the covering up the illegal dumping of oil-contaminated bilge water and garbage from one of their ships visiting U.S. ports. The two companies, Egyptian Tanker […]

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Categories: Maritime News

A Giant Iceberg the Size of Delaware is About to Break Off Antarctica

News from gCaptain - Wed, 06/21/2017 - 08:43

By Alister Doyle OSLO, June 21 (Reuters) – One of the biggest icebergs on record is like a “niggling tooth” about to snap off Antarctica and will be an extra hazard for ships around the frozen continent as it breaks up, scientists said on Wednesday. An area of the Larsen C ice shelf, about as […]

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Categories: Maritime News

Tropical Storm Cindy Disrupts Gulf of Mexico Shipping, Crude Imports

News from gCaptain - Tue, 06/20/2017 - 18:45

By Brian K. Sullivan (Bloomberg) — Tropical Storm Cindy has halted service at a major oil terminal in the Gulf of Mexico, prompted some evacuations at rigs and platforms and put states from Texas to Florida on notice for flooding rains. Cindy was 350 miles (560 kilometers) southeast of Galveston, Texas, with top winds of […]

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Categories: Maritime News

COLREGs – Give Way or Stand On

News from gCaptain - Tue, 06/20/2017 - 14:48

by Captain Grant H Livingstone Part Two out of Three Part articles on COLREGS.  Are some professional mariners unintentionally violating COLREGS in a conscientious effort to avoid close quarters situations with small boats?  A review a few of the most common violations professional mariners are being found at fault for or debate in inland waters […]

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Categories: Maritime News

World’s First Remotely-Controlled Commercial Vessel Put to the Test in Copenhagen

News from gCaptain - Tue, 06/20/2017 - 10:54

Rolls-Royce and global towage operator Svitzer have demonstrated what is believed to be the world’s first remotely operated commercial vessel, Svitzer Hermod, in Copenhagen, Denmark, Rolls-Royce said Tuesday.  During the demonstration earlier this year, the 28-meter-long tugboat safely conducted a number maneuvers in Copenhagen harbor while controlled by a Captain ashore. From the quayside in […]

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Categories: Maritime News

Fitch: Container Shipping Freight Rates Rise, Capacity Still Key

News from gCaptain - Tue, 06/20/2017 - 09:59

LONDON, June 20 (Fitch) Container shipping companies have benefited from a modest increase in freight rates since the start of the year, but a sustainable recovery in the container market will only be achieved by reaching a viable supply/demand balance through capacity cuts, Fitch Ratings says. Container transport volumes outstripped capacity growth in 2016 for […]

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Categories: Maritime News

U.S. Coast Guard Interviews ACX Crystal Crew After Warship Collision

News from gCaptain - Tue, 06/20/2017 - 08:26

  By Tim Kelly and Kiyoshi Takenaka TOKYO, June 20 (Reuters) – The United States Coast Guard will on Tuesday start interviewing the crew of a Philippines-flagged container ship which collided with a U.S. warship in Japanese waters killing seven American sailors. The U.S. coast guard investigation is one several into the incident on Saturday […]

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Categories: Maritime News

APM Terminals to Cut 160 Staff at Gothenburg Terminal Amid Strikes

News from gCaptain - Tue, 06/20/2017 - 08:20

COPENHAGEN, June 20 (Reuters) – Port operator APM Terminals, part of A.P. Moller-Maersk, said it will cut 160 staff at its Gothenburg terminal in Sweden, the largest in Scandinavia, as labour disruptions had caused container volumes to drop by 25 percent over the past year. “We have lost about 70,000 containers in revenue over the […]

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Categories: Maritime News

The USS Fitzgerald Is At Fault. This Is Why.

News from gCaptain - Mon, 06/19/2017 - 20:44

By Captain John Konrad (gCaptain) Every ship, regardless of nationality or purpose, is required to carry one terse book . This book is titled the International Regulations for Preventing Collisions but is better know by its acronym “COLREGs”. The chapters are short and to the point and ship officers are required to make marks of 90% […]

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Categories: Maritime News

More Container Shipping Consolidation Expected as Smaller Carriers Try to Keep Up

News from gCaptain - Mon, 06/19/2017 - 14:50

By Mike Wackett (The Loadstar) – There is a “high likelihood” of a new wave of M&A activity involving medium-size ocean carriers, as the gap widens between them and the largest container lines, according to shipping consultant Drewry. The merger of the container businesses of K Line, MOL and NYK will propel the new Ocean […]

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Categories: Maritime News
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