Latest Maritime News

US Shipowner Creates Fund for Families of Missing El Faro Crew

The owners of the cargo ship El Faro that sank after it was trapped in the path of Hurricane Joaquin off the Bahamas last week announced the creation of a family

Coast Guard Foundation Raises $250,000 for Scholarships

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

Newport News Shipbuilding Converts to Natural Gas

Huntington Ingalls Industries (HII) announced today that its Newport News Shipbuilding division has converted its steam-generation plant from heavy fuel oil, also known as Bunker C,

Petrobras Likely Lost More Than $5 Bln to Corruption

Corruption-related losses at Brazil's state-run oil firm Petroleo Brasileiro SA will likely surpass 20 billion reais ($5.3 billion), federal prosecutor Deltan Dallagnol said on Friday.

US Must Exercise Freedom of Navigation in Asia-Pacific -Navy Commander

The commander of U.S. forces in the Pacific said on Friday the United States must carry out freedom of navigation patrols throughout the Asia Pacific, but declined

Creole Spirit Sets Sail for Sea Trials

Teekay’s first M-type, Electronically Controlled, Gas Injection (MEGI)-powered LNG vessel, Creole Spirit, has sailed out from the Daewoo Shipbuilding & Marine Engineering

AWO Calls on Congress for Vessel Discharges Bill

A federal appeals court ruling handed down this week underscores the urgent need for Congress to pass the Vessel Incidental Discharge Act (VIDA) and establish a

US SEC Charges 2 with Cheniere Insider Trading

The U.S. Securities and Exchange Commission on Friday charged two men with insider trading in natural gas company Cheniere Energy Inc in 2011 and 2012.   Nicolas Zanen,

House Passes Bill to Repeal US Oil Export Ban, Veto Looms

The U.S. House of Representatives passed a bill on Friday to overturn the 40-year-old ban on oil exports, but the measure did not get enough support to overturn any veto by President Barack Obama,

Retailers Well Stocked as Holidays Approach

Import cargo volume at the nation’s major retail container ports is expected to increase 3.3 percent this month over the same time last year as retailers make final

Commodity Surge Boosts World Equities; Dollar Falls

Major world stock markets were poised for their biggest weekly advance since 2011 on Friday, as greater investor appetite for riskier assets propelled gains in

Naftogaz Sends Prepayment to Russia for Gas

Ukrainian state-run energy firm Naftogaz has transferred a prepayment to Russia for gas supplies and plans to buy 2 billion cubic metres (bcm) in October, a spokeswoman for the company said on Friday.

US Senators Introduce Bill to Limit Offshore Drilling

A group of U.S. Senators on the West Coast have introduced a bill Wednesday aiming to prohibit offshore drilling on the outer continental shelf of California, Oregon and Washington.

Commodities See Biggest Price Jump in 3 Years

Commodities jumped on Friday, headed for their largest weekly gain in more than three years as base metals roared higher after Glencore pledged to slash zinc output

Chevron Cylinder Oil Gains NOL from Wärtsilä

Chevron Marine Lubricants’ 100BN cylinder oil, Taro Special HT 100 has received approval for its use in another engine range – products made by Winterthur Gas & Diesel Ltd.

House Expected to Pass Bill Axing US Oil Export Ban

A bill to repeal the U.S. oil export ban was expected to pass the House of Representatives on Friday, but faces an uncertain future after a veto threat by President Barack Obama.

Foss Hires VP, General Counsel & Chief Ethics Officer

Foss Maritime announced that Lam Q. Nguyen-Bull has joined the company as the Vice President, General Counsel and Chief Ethics Officer.   Based in Seattle, Nguyen-Bull

Trafigura to Supply 2 LNG Cargoes to Indian Oil Corp

Commodity trading house Trafigura will supply Indian Oil Corp. with one liquefied natural gas (LNG) cargo in October and another in November, trade sources said.

Gail India Closes LNG Tender for October/December

Gail India closed its tender seeking one liquefied natural gas (LNG) cargo each in October and December, while it may still be taking bids for two deliveries in November, traders said.

Soraz Refinery Still Not Exporting Despite Restart

China National Petroleum Corp's (CNPC) oil refinery in Niger is continuing to limit production to the domestic market rather than for export, despite resuming after a 45-day shutdown,

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