2014 Maritime News

Maritime Reporter @ 75: The Daily Cartoon

Dec 31, 2014

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Croatia Now Protecting World Food Program Vessel

Dec 31, 2014

Croatia takes over EU Naval Force World Food Program vessel protection duties from Serbia   After three months of operating with the European Union Naval Force,

Oil's Worst Year Since 2008

Dec 31, 2014

Oil prices fell on Wednesday as concerns about demand for fuel kept worries about a global supply glut intact.   Both Brent and U.S. crude significantly pared

Update: Migrants Arrive in Italy on Packed Cargo Ship

Dec 31, 2014

Almost 1,000 migrants arrived in Italy on a cargo ship on Wednesday after apparently being abandoned by its crew in the Adriatic Sea, the Italian Red Cross said.

US Ethanol Stocks Largest in 2 Months after Record Output

Dec 31, 2014

Stockpiles of U.S. ethanol jumped 2 percent to the largest since mid-October following weeks of record production of the grain-based gasoline additive, U.S. Energy

US Crude Stocks Decline as Refinery Output Rises

Dec 31, 2014

U.S. crude stocks fell more than expected last week as refineries hiked output, while gasoline stocks increased and distillate inventories rose, data from the Energy

Panama Canal: 15 Years Under Panamanian Administration

Dec 31, 2014

The Panama Canal celebrated its 15 year anniversary under the leadership of the Panamanian Administration. The Panama Canal Authority (ACP) is the autonomous agency

US Navy Prepares for Communications Satellite Launch

Dec 31, 2014

U.S. Navy military and civilian engineers are preparing the latest military communications satellite for a planned Jan. 20 launch from Cape Canaveral Air Force Station, Florida.

Mombasa Container Traffic Up 12% in 2014

Dec 31, 2014

Container traffic through East Africa's biggest port of Mombasa grew by 11.9 percent in 2014, helped by its expanded capacity, a marketing drive, and new infrastructure

E-Crane Holds Technology Showcase in New Orleans

Dec 31, 2014

E-Crane agents and special guests attended the E-Crane Technology Showcase in New Orleans during the first week of December in conjunction with the International WorkBoat Show (IWBS).

Libya Containing Port Fire, Export Resumption in Question

Dec 31, 2014

Libya has made progress containing a fire at its largest oil port that has destroyed four days of the country's oil production but the damage to storage tanks will hamper efforts to resume exports,

Storm Causes Deadly Grounding in the Philippines

Dec 31, 2014

A storm off the Philippines caused a ship grounding incident in Antique yesterday morning which claimed one casualty, local authorities reported. The 18 other seafarers

Wage Negotiations Conclude at Hyundai Heavy

Dec 31, 2014

Hyundai Heavy Industries (HHI) announced today that its management and labor union concluded the negotiation on the wage and collective bargaining agreement for the year 2014.

Obama Export Edict Impacts Canadian Crude

Dec 31, 2014

As the Obama administration issued landmark guidelines expected to open the door for selling more domestic shale oil abroad, it also likely smoothed the way for

DOJ: Guilty Plea for Price Fixing on Ro/Ro Shipping

Dec 31, 2014

Company Agrees to Pay $59.4 Million Criminal Fine. Nippon Yusen Kabushiki Kaisha (NYK), a Japanese corporation, has agreed to plead guilty and to pay a $59.4

Brazil Widens Petrobras Probe

Dec 31, 2014

Brazil's securities-market regulator CVM said on Tuesday it is investigating whether Petrobras executives failed in their legal duties to protect the state-run

Easing U.S. Crude Export Ban Pressures Asian Producers

Dec 31, 2014

Most U.S. light crude expected to go to Europe, not Asia, but ripple effect to create pressure for Asian discounts. Formal U.S. government approval to ease a

Egypt Pays Down Foreign Energy Debt, Still Owes $3.1 bln

Dec 31, 2014

Egypt paid $2.1 billion of its debt to foreign energy companies, Oil Minister Sherif Ismail said on Wednesday, a move that could improve the investment climate

Migrants Found Dead on Packed Ship

Dec 31, 2014

Four migrants were found dead on a cargo ship which was taken to Italy after apparently being abandoned by its crew in Greek waters, the Italian Red Cross said on Wednesday.

Oilfield Firm's Stumble May be Symptom of Greater Pain

Dec 31, 2014

A nasty profit warning and deep job cuts. A gutted capital budget, a suspended dividend and shares tumbling by more than half on a single day. The retrenchment at Civeo Corp,

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