Maritime News from gCaptain.com

Rear Admiral Mark Buzby Sworn In as U.S. Maritime Administrator

News from gCaptain - Wed, 08/16/2017 - 15:31

U.S. Transportation Secretary Elaine Chao has sworn in Rear Adm. Mark H. Buzby (USN, Ret.) as the Administrator of the Maritime Administration. Prior to his appointment, Buzby served as president of the National Defense Transportation Association (NDTA), a global association of transportation and logistics professionals. Prior to his retirement from the U.S. Navy in 2013, […]

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Categories: Maritime News

Construction of World’s Largest Cargo Sailing Ship Moves Step Closer to Reality

News from gCaptain - Wed, 08/16/2017 - 14:09

A German-led initiative to build the world’s largest sailing cargo ship has moved one step closer to realization with Lloyd’s Register signing on to ensure compliance of the project. Lloyd’s Register announced Monday it has joined the Quadriga sustainable shipping project, an initiative from Hamburg-based Sailing Cargo aiming to build the world’s largest sail-powered cargo […]

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Categories: Maritime News

Transocean Shares Take a Beating Over Songa Offshore Deal

News from gCaptain - Wed, 08/16/2017 - 12:53

By David Wethe and Joe Carroll (Bloomberg) — Transocean Ltd. dropped to the lowest in more than two decades as investors panned its deal to buy Songa Offshore SE in the biggest offshore drilling industry deal since oil prices collapsed three years ago. The enterprise value is about $3.4 billion, half of which is Songa […]

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Categories: Maritime News

PHOTOS: UK’s Biggest Warship HMS Queen Elizabeth Sails Into Portsmouth

News from gCaptain - Wed, 08/16/2017 - 10:09

By Peter Nicholls PORTSMOUTH, England, Aug 16 (Reuters) – Britain’s most advanced and biggest warship, the 65,000-tonne aircraft carrier HMS Queen Elizabeth, berthed for the first time at its home port of Portsmouth on Wednesday. The 280-metre (920-foot) vessel entered the harbour on England’s southern coast at 0610 GMT, greeted by thousands of spectators. HMS […]

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Categories: Maritime News

Global Shipping Industry Bouncing Back From ‘Lehman Moment’

News from gCaptain - Wed, 08/16/2017 - 09:00

By Kyunghee Park (Bloomberg) — The hulking container ships that transport sneakers, bananas and Barbie dolls around the world keep getting bigger. So are the companies that own them. A massive consolidation is underway in the $500 billion global industry and the survivors now enjoy big economies of scale and increased demand, one year after excess capacity […]

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Categories: Maritime News

Maersk Upbeat Despite Hefty Cyber Attack Bill, Impairment Charges

News from gCaptain - Wed, 08/16/2017 - 08:48

By Jacob Gronholt-Pedersen COPENHAGEN, Aug 16 (Reuters) – Denmark’s A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares by as much as 4.5 percent as investors looked beyond one-off second-quarter charges and a costly cyber attack on its operations. Maersk has been hit by low oil prices at its […]

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Categories: Maritime News

Iraq Sets Up Oil Shipping, Trading Joint Venture

News from gCaptain - Wed, 08/16/2017 - 08:11

By Rania El Gamal DUBAI, Aug 16 (Reuters) – OPEC member Iraq has formed a joint venture with a shipping company owned by Arab states to transfer, store and trade crude and oil products, according to official documents and industry sources. Middle East oil producers are venturing into buying and selling oil to boost their incomes […]

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Categories: Maritime News

Ground-breaking Wärtsilä design features the world’s first hybrid propulsion solution for fish farming industry

News from gCaptain - Wed, 08/16/2017 - 07:51

The technology group Wärtsilä has been contracted to deliver the ship design for a new processing and transportation vessel to be built at the Balenciaga shipyard in Spain on behalf of Hav Line AS of Norway. In addition to the design, Wärtsilä will also supply an integrated solution comprising a 10-cylinder Wärtsilä 31 main engine, […]

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Categories: Maritime News

Huntington Ingall to Pay $9.2 Million to Settle False Billing Allegations

News from gCaptain - Tue, 08/15/2017 - 14:11

U.S. government shipbuilder and defense contractor Huntington Ingalls Industries Inc. (HII) has agreed to pay $9.2 million to settle allegations that it violated the False Claims Act by knowingly overbilling the government for labor on U.S. Navy and Coast Guard ships at its shipyard in Pascagoula, Mississippi. Under the settlement, HII will make an additional […]

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Categories: Maritime News

UK-Flagged Bulk Carrier Adrift in Atlantic Ocean After Fire

News from gCaptain - Tue, 08/15/2017 - 13:22

The crew of a UK-flagged bulk carrier has been evacuated after a fire broke out in a cargo hold off Las Palmas in the Canary Islands. Spain’s Salvamento Marítimo confirmed that two SAR helicopters evacuated all 24 crew members on Monday from the MV Chesire, which is carrying a cargo of ammonium nitrate fertilizer. The […]

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Categories: Maritime News

Transocean’s Songa Offshore Deal Is Biggest in Oil Downturn

News from gCaptain - Tue, 08/15/2017 - 12:10

By Mikael Holter and David Wethe (Bloomberg) — Transocean Ltd. agreed to buy Songa Offshore SE in the biggest offshore drilling industry deal since oil prices collapsed three years ago. The enterprise value is about $3.4 billion, half of which is Songa debt assumed by the combined entity, the companies said. The 47.5 kroner ($5.96) […]

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Categories: Maritime News

WATCH: AIS Animation Shows CSCL Jupiter Grounding and Salvage

News from gCaptain - Tue, 08/15/2017 - 11:08

Check out this animation from Genscape Vesseltracker showing the AIS track of the 366-meter containership CSCL Jupiter when it ran aground on Monday in the Scheldt river near Antwerp.  The video shows the CSCL Jupiter left the dock at the port Antwerp at 0600 UTC (8 a.m. local time) and was underway under its own power […]

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Categories: Maritime News

WATCH: Battered by Waves, British Coastguard Makes Daring Rescue

News from gCaptain - Tue, 08/15/2017 - 10:11

The UK Coastguard has released some incredible video showing the daring helicopter rescue of three people from rugged cliffs on the southwest coast of England. The rescue took place Saturday morning in Bude, England when a person climbing on the cliffs became stranded by the tide. Within minutes of receiving the alert, a Coastguard helicopter […]

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Categories: Maritime News

Another Megaship Grounding Pushes Salvors to Their Limits

News from gCaptain - Tue, 08/15/2017 - 08:23

By Mike Wackett (The Loadstar) – Another ultra-large container vessel has run aground in North Europe, again raising questions about the ability of salvage facilities to tackle a major incident involving the new megaships. The 14,074 teu CSCL Jupiter ran aground at around 7am yesterday in the river Scheldt after leaving the port of Antwerp en […]

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Categories: Maritime News

Transocean to Buy Norwegian Rig Firm Songa Offshore for $1.1 Billion

News from gCaptain - Tue, 08/15/2017 - 08:14

By Terje Solsvik OSLO, Aug 15 (Reuters) – Transocean, one of the world’s biggest drilling rig operators, has agreed to buy Norwegian competitor Songa Offshore for 9.1 billion crowns ($1.1 billion), the latest in a series of transactions reshaping the industry. The purchase, to be mostly paid for in shares and convertible bonds, follows Ensco […]

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Categories: Maritime News

ABB’s DEGO IV software delivers on fuel saving promise for Stena Line vessel

News from gCaptain - Tue, 08/15/2017 - 07:40

A significantly upgraded vessel control software package from ABB is delivering the measurable operational efficiency gains promised to Stena Line for the freight ferry Stena Scotia within a month of commissioning. The ‘DEGO IV’ advanced speed governor and actuation system onboard has been enhanced so that control over the vessel’s propulsion system minimizes roll and […]

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Categories: Maritime News

Amateur Drone Pilot Makes Unauthorized Landing on Deck of Britain’s Biggest Aircraft Carrier

News from gCaptain - Mon, 08/14/2017 - 13:16

An amateur drone pilot has sparked a security review of Britain’s biggest and most technologically advanced aircraft carrier after landing his handheld drone on the deck of the carrier while it was docked in Scotland. The unidentified pilot told British media that he conducted a flyover of the HMS Queen Elizabeth using his DJI Phonton […]

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Categories: Maritime News

Large Containership Runs Aground on Scheldt River Near Antwerp – UPDATE

News from gCaptain - Mon, 08/14/2017 - 09:33

Shipping traffic to and from the port of Antwerp was suspended Monday after a large containership failed to make a turn and ran aground on the Scheldt river. The 366-meter CSCL Jupiter ran aground at about 9:50 local near Bath, Netherlands shortly after departing from the port of Antwerp headed for Hamburg, Germany. The Antwerp […]

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Categories: Maritime News

More NGOs Suspend Mediterranean Migrant Rescues Over Safety Fears

News from gCaptain - Mon, 08/14/2017 - 08:58

By Gavin Jones ROME, Aug 13 (Reuters) – Two more aid groups have suspended migrant rescues in the Mediterranean, joining Doctors Without Borders, because they felt threatened by the Libyan coastguard. Save the Children and Germany’s Sea Eye said on Sunday their crews could no longer work safely because of the hostile stance of the […]

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Categories: Maritime News

Drillship Leaves Vietnam Oil Block After China Row

News from gCaptain - Mon, 08/14/2017 - 08:42

By Matthew Tostevin HANOI, Aug 14 (Reuters) – The drilling ship at the center of a row between Vietnam and China over oil prospecting in disputed waters in the South China Sea has arrived in waters off the Malaysian port of Labuan, shipping data in Thomson Reuters Eikon showed on Monday. Drilling by the Deepsea […]

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Categories: Maritime News
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