Maritime News from gCaptain.com

U.S. Providing $18.5 Million for Offshore Wind Research and Development

News from gCaptain - Thu, 12/14/2017 - 15:11

The U.S. Department of Energy has announced $18.5 million in new funding for an offshore wind research and development (R&D) consortium that will conduct U.S.-specific research aimed at reducing the cost of offshore wind in U.S. waters. The consortium will be setup as a cooperative private-public innovation hub addressing topics such as wind plant technology […]

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Categories: Maritime News

Photos: USS John S. McCain Arrives Pier Side in Yokosuka, Japan

News from gCaptain - Thu, 12/14/2017 - 12:54

After more than two months aboard the heavy lift vessel MV Treasure, the USS John S. McCain arrived a U.S. Navy base in Yokosuka where it will undergo repairs following its collision with a tanker in August. John S. McCain arrived in Tokyo Bay aboard heavy-lift transport vessel December 5, where it anchored as crews prepared […]

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Categories: Maritime News

Bitcoin Points Way to `Massive Change’ for Commodity Trading

News from gCaptain - Thu, 12/14/2017 - 10:58

By Luzi Ann Javier (Bloomberg) — Blockchain is upending the world’s financial markets with the rise of bitcoin, and now the digital-ledger system is poised to do the same next year for raw materials like food and energy. Companies including BP Plc, ABN Amro Group NV and Mercuria Energy Group Ltd. said last month they will adapt […]

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Categories: Maritime News

Dredger ‘Samuel de Champlain’ to Become First in Europe to Be Converted to Duel-Fuel LNG

News from gCaptain - Thu, 12/14/2017 - 10:45

Damen Shiprepair & Conversion has been awarded a contract for the conversion of a dredger to dual-fuel combining clean-burning liquefied natural gas (LNG) and marine gas oil (MPG). This will be the first conversion of its kind to take place in Europe. It is part of an EU-supported initiative to promote LNG propulsion in short-sea […]

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Categories: Maritime News

Goldman Says Big Oil Is Poised for Its Best Year in Decades

News from gCaptain - Thu, 12/14/2017 - 10:10

By Kelly Gilblom and Nejra Cehic (Bloomberg) — Big Oil’s slump is over and industry domination beckons, according to Goldman Sachs Group Inc. In 2018, companies from Royal Dutch Shell Plc to Exxon Mobil Corp. will find themselves with a surplus of cash to fund dividends, ruling the world of deep water mega-projects and even […]

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Categories: Maritime News

With Focus on North Korea, China Continues its South China Sea Buildup

News from gCaptain - Thu, 12/14/2017 - 09:21

By David Brunnstrom WASHINGTON, Dec 14 (Reuters) – While attention in Asia has been distracted by the North Korean nuclear crisis in the past year, China has continued to install high-frequency radar and other facilities that can be used for military purposes on its man-made islands in the South China Sea, a U.S. think tank […]

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Categories: Maritime News

Russia Wins in Arctic After U.S. Fails to Kill Giant Gas Project

News from gCaptain - Thu, 12/14/2017 - 08:56

By Jack Farchy and Elena Mazneva (Bloomberg) — Building the $27 billion Yamal liquefied natural gas project meant shipping more than 5 million tons of materials to construct a forest of concrete and steel 600 kilometers north of the Arctic circle, where temperatures can drop to -50 degrees celsius and the sun disappears for two months straight. […]

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Categories: Maritime News

Lockheed’s Littoral Combat Ships Running 11 Months Late, U.S. Navy Says

News from gCaptain - Wed, 12/13/2017 - 12:57

By Tony Capaccio (Bloomberg) — Lockheed Martin Corp. will deliver its eight remaining Littoral Combat Ships an average of 11 months late, more than twice the five-month delay for rival shipbuilder Austal Ltd., the U.S. Navy estimates. The contractors build different versions of the ship that’s been criticized for rising costs, equipment breakdowns and potential vulnerability in […]

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Categories: Maritime News

Body of Kidnapped ‘Royal 16’ Captain Found in the Philippines

News from gCaptain - Wed, 12/13/2017 - 11:09

Authorities in the Philippines have recovered the remains of a Vietnamese ship captain who was kidnapped from a bulk carrier by the Abu Sayyaf militants over a year ago. The captain, identified as Pham Minh Tuan, was among six people kidnapped from the MV Royal 16 as it sailed in Philippine waters off Basilan island […]

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Categories: Maritime News

WATCH: Pirates Chase Containership in Gulf of Guinea

News from gCaptain - Wed, 12/13/2017 - 11:05

A new video has surfaced online showing an apparent pirate attack on a containership in the Gulf of Guinea. The video, obtained by the British security firm ASKET, shows eight men aboard a skiff chasing a containership as the crew of the ship watches over the rails. As the camera zooms in, you can clearly […]

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Categories: Maritime News

Scientists Link 2016 Extreme Weather Events to Human-Caused Climate Change

News from gCaptain - Wed, 12/13/2017 - 10:19

By Jim Efstathiou Jr. (Bloomberg) — Some of last year’s crazy weather — including extreme heat around the world to unusually warm waters in the Bering Sea — can be blamed on man-made climate change, according to a report from a group of weather researchers. Scientists are a careful lot, and while there’s been plenty […]

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Categories: Maritime News

In Puerto Rico, Cruises Spark First Signs of a Tourism Recovery

News from gCaptain - Wed, 12/13/2017 - 09:37

By Nikki Ekstein (Bloomberg) — Almost three months after Hurricane Maria battered Puerto Rico as a nearly Category 5 storm, a third of the island is still without power. Roughly two-thirds of its 45,000 small businesses suffered closures, with as many as 10,000 planning never to reopen their doors. Just 129 miles away, the British Virgin Islands […]

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Categories: Maritime News

Inmarsat Secures Key Partners for Fleet Xpress Application Development

News from gCaptain - Wed, 12/13/2017 - 07:19

A Memorandum of Understanding (MoU) signed in September between South Korean shipbuilder Samsung Heavy Industries and global communications company Inmarsat Maritime seeking to establish a far-reaching relationship aimed at leveraging the ‘smart ship’ connectivity offered by Inmarsat’s Fleet Xpress service at the vessel construction stage. In a second arrangement, Inmarsat and Rolls-Royce have signed a […]

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Categories: Maritime News

NTSB Determines Probable Cause of EL FARO Sinking

News from gCaptain - Tue, 12/12/2017 - 16:13

Captain’s Decisions, Shipping Company’s Poor Safety Oversight Led to Sinking, the NTSB Says The deadliest shipping disaster involving a U.S.-flagged vessel in more than 30 years was caused by a captain’s failure to avoid sailing into a hurricane despite numerous opportunities to route a course away from the hazardous weather, the National Transportation Safety Board […]

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Categories: Maritime News

Read the NTSB Chairman’s Full Opening Statement from Today’s EL FARO Board Meeting

News from gCaptain - Tue, 12/12/2017 - 13:41

The National Transportation Safety Board met today in Washington to determine the probable cause of the October 2015 sinking of the cargo ship El Faro in the Atlantic Ocean. The 790-foot vessel set sail from Jacksonville, Florida, on a voyage to San Juan, Puerto Rico, Sept. 29, 2015, and sank about 34 hours later near […]

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Categories: Maritime News

NOAA: Arctic Saw 2nd Warmest Year On Record in 2017

News from gCaptain - Tue, 12/12/2017 - 12:32

The warming trend in the Arctic continued in 2017, resulting in the second warmest air temperatures, above average ocean temperatures, loss of sea ice, and a range of human, ocean and ecosystem effects, according to a new NOAA-sponsored report released Tuesday. Now in its 12th year, the Arctic Report Card is a peer-reviewed report that brings […]

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Categories: Maritime News

Overconfident Captain Ignored Storm Reports Before EL FARO Sinking -NTSB

News from gCaptain - Tue, 12/12/2017 - 12:26

Update: Captain’s Decisions, Shipping Company’s Poor Safety Oversight Determined as Probable Cause of EL FARO Sinking By Ian Simpson WASHINGTON, Dec 12 (Reuters) – The sinking of the U.S. freighter El Faro in 2015 with the loss of 33 lives came after an overconfident captain set the ship and its poorly trained crew on a collision course […]

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Categories: Maritime News

Boskalis Completes Impressive Aasta Hansteen Float-Over Operation -Photos and Video

News from gCaptain - Tue, 12/12/2017 - 11:51

Dutch marine company Boskalis has completed an impressive dual vessel float-over operation of the Aasta Hansteen topside in Norway. Over the last several of years, Boskalis, through its subsidiary Dockwise, has played a critical role in the transportation of the Aasta Hansteen SPAR from South Korea to Norway, along with the topside installation. With the […]

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Categories: Maritime News

UK North Sea’s Biggest Oil and Gas Pipeline Could Be Shut for ‘Weeks’

News from gCaptain - Tue, 12/12/2017 - 11:30

By Ron Bousso, Amanda Cooper and Alex Lawler LONDON, Dec 12 (Reuters) – Britain’s biggest pipeline from its North Sea oil and gas fields is likely to be shut for several weeks for repairs, its operator said on Tuesday, disrupting gas flows and sending international crude prices to their highest since mid-2015. The closure has struck […]

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Categories: Maritime News

NTSB Video Details Sinking of US Cargo Vessel SS El Faro

News from gCaptain - Tue, 12/12/2017 - 11:02

Update: Captain’s Decisions, Shipping Company’s Poor Safety Oversight Determined as Probable Cause of EL FARO Sinking Here is an animation produced by the National Transportation Safety Board reconstructing the sequence of events leading to the sinking of the US-flagged cargo vessel SS El Faro in the Atlantic Ocean near Acklins and Crooked Island, Bahamas, which occurred […]

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Categories: Maritime News
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