March 3, 2015 4:20 PM ET
With its black hull rumbling against a field of broken ice, the Warren Jr. slowly eased away from a dock in the Boston suburb of Hingham on Tuesday, aiming to clear a path for some of the four ferries that carry commuters from here into the city each day.
March 3, 2015 4:11 PM ET
As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry.
Private equity invested tens of billions in global shipping after the 2008 financial crisis,
March 3, 2015 3:38 PM ET
Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016. EIA projects GOM production to reach 1.52 million barrels per day (bbl/d) in 2015 and 1.
March 3, 2015 3:25 PM ET
The U.S. Coast Guard issued a marine safety alert today to remind all gas carrier owners and operators to ensure that all personnel follow approved Safety Management System cargo handling procedures and industry best practices.
The USCG cited a recent
March 3, 2015 3:05 PM ET
Vessel sales for February 2015 - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.
Date Reported - Vessel Name - DWT - Built - - (Age) - Price in Millions USD
02/10 - KEN KOKU - 23,647 - 96 - (19) - $4.2
02/04 - BIRCH 4 - 25,369 - 00 - (15) - $5.
March 3, 2015 2:53 PM ET
The first ship to load soybeans from the new Tegram terminal in the northeastern port of Ponta Madeira in Sao Luis, Brazil, will berth on March 10, local shipping agents Cargonave said on Tuesday.
The Panamax class vessel Scythia Graeca will haul 66,000 tonnes of soybeans for U.
March 3, 2015 2:49 PM ET
The Coast Guard Foundation announced that it will honor Thomas Allegretti and the American Waterways Operators (AWO), a motor lifeboat crew from Pensacola, Florida, and an aircrew from Air Station Houston, Texas at its Annual Salute to the 8th Coast Guard District on Friday,
March 3, 2015 2:44 PM ET
Traders are cutting plans to use tankers to store oil at sea as the price incentive recedes, the global head of oil at mining and commodities group Glencore's said on Tuesday.
In January, the price of spot oil was around 50 percent lower than a peak hit in June,
March 3, 2015 2:18 PM ET
Colombian authorities detained a China-flagged ship traveling to Cuba for illegally transporting around 100 tons of gunpowder and other materials used to make explosives and arrested the captain, the attorney general's office said.
The vessel was
March 3, 2015 1:58 PM ET
The U.S. Coast Guard issued a marine safety alert today to remind vessel owners and operators to establish effective fuel oil changeover procedures during efforts to comply with MARPOL Annex VI emission regulations. The USCG said that several recent
March 3, 2015 1:14 PM ET
Mediterranean SAR operation needs crowdfunding to save lives in 2015
The independent Search and Rescue (SAR) operation MOAS (Migrant Offshore Aid Station) is a foundation created with private funds to assist naval, commercial and private mariners to carry out rescue and life saving at sea.
March 3, 2015 12:21 PM ET
Maritech International has completed a USD $14.5 million a subsea power cable installation in for New Foundland Power Inc., Maritech announced.
Maritech, a provider of subsea installations and marine works to the international oil and gas, telecommunications and power transmission industries,
March 3, 2015 11:42 AM ET
Germany's Thyssenkrupp sees its submarine business as making an important contribution to its growth targets, the head of its Industrial Solutions business area said on Tuesday.
"The submarine business is part of our growth story," Hans Christoph Atzpodien told journalists at a briefing,
March 3, 2015 11:35 AM ET
The Aircraft Carrier Alliance has completed the installation of the first MT30 Gas Turbine Alternator (GTA) package into the Royal Navy’s latest aircraft carrier HMS Prince of Wales, at Babcock’s Rosyth shipyard in Scotland.
The Rolls-Royce MT30 is a 36 megawatt (around 50,
March 3, 2015 10:50 AM ET
Specifying for ballast water treatment systems can be a difficult process. Ian Hamilton, sales manager for marine electrical wiring control and instrumentation specialists CMR Group, offers guidance.
Ballast water, which is used to maintain balance and stability when a ship is empty of cargo,
March 3, 2015 10:43 AM ET
SpecTec will work with long term partner Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS).
Mercy Ships’ Africa Mercy, the world’s largest hospital ship, will now receive a brand new update of the
March 3, 2015 10:37 AM ET
Star Bulk Carriers Corp. took delivery on February 27 of M/V Honey Badger (ex HN NE 164) and M/V Wolverine (ex HN NE 165), two 61,000 dwt Ultramax bulk carriers built by Nantong COSCO KHI-Ship Engineering Co. (NACKS).
The new vessels are the first two of four similar vessels ordered at NACKS,
March 3, 2015 10:26 AM ET
Cargo ship Lysblink Seaways will be towed to Inchgreen, Greenock for repair work after grounding last month on Scotland’s west coast.
The vessel, which ran aground February 18, was refloated and taken to Scallastle Bay in the Sound of Mull where
March 3, 2015 10:14 AM ET
Some truck drivers in Brazil continued blocking roads on Tuesday, slowing grains deliveries to southern ports, even as adherence to the strike diminished and a key highway in top soy state Mato Grosso opened.
Nationwide, there were 18 roadblocks over
March 3, 2015 9:44 AM ET
Ferguson Group Singapore, a specialist in the provision of DNV 2.7-1 / EN12079 offshore containers, reefers, tanks, waste skips, baskets, accommodation and engineering workspace modules has announced the appointment of OPS Oilfield Equipment and Services