Category archives for: News by topic

Wärtsilä to Look After Harvey Gulf’s Newbuilds

Wärtsilä to Look After Harvey Gulf’s Newbuilds

Wärtsilä has signed a long-term Technical Management Agreement with Harvey Gulf International Marine LLC. This five-year agreement covers Condition Based Maintenance and Dynamic Maintenance Planning for eight new offshore supply and multi-purpose support vessels – six liquefied natural gas (LNG) fuelled platform supply vessels and two offshore construction vessels powered by diesel fuel. Condition Based […]

Fijian Police Drops YouTube Shooting Video Investigation

Fijian Police Drops YouTube Shooting Video Investigation

The Fiji Police Force has confirmed that the case in relation to a YouTube video revealing the graphic shooting of five seamen is now closed. Fiji Police Commissioner Ben Groenewald said it had been established that the video was shot outside of Fiji waters and involved a confrontation between Asian Fishing crews and pirates somewhere […]

Storm Shuts Down Two Cargo Terminals at Long Beach

Storm Shuts Down Two Cargo Terminals at Long Beach

Two cargo terminals at the Port of Long Beach announced Wednesday, Aug. 27, that they were suspending vessel operations for the day because 10- to 15-foot high wave surges powered by Pacific Hurricane Marie endangered longshore workers. Total Terminals International on Pier T, with two Mediterranean Shipping Co. container ships at berth, and Crescent Terminals […]

Atlantic Handysize Dry Market Taking an Upward Curve

Atlantic Handysize Dry Market Taking an Upward Curve

Front-haul rates for handysize fleet are increasing in the US Gulf as more grain stems come onto the market and the tonnage list is thin, Platts writes citing unnamed shipping sources. A 58,000 dwt vessel can now expect to achieve $20,000/d to take grain stems from the US Gulf Coast to China with September dates, […]

Bigger Ships Needed for US Ethane Boom

Bigger Ships Needed for US Ethane Boom

Lloyd’s Register has issued a report entitled Seaborne Ethane: a Report into the Commercial Need and Technical Requirements for Very Large Ethane Carriers that looks at the commercial landscape, regulatory issues and technical realities of a new trade in ethane emerging as a result of increased US gas production – and the technology required for […]

DP World’s Newly Added Capacity Bearing Fruit

DP World’s Newly Added Capacity Bearing Fruit

Global marine terminal operator DP World has recorded strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering profit attributable to owners of the company before separately disclosed items of $332 million, 40.8% ahead of the first half of 2013 on a like-for-like basis. Financial highlights […]

Cetacea Runs Aground

Cetacea Runs Aground

The U.S. Coast Guard is currently monitoring the Cetacea whale-watching ferry that ran aground in Lynn Harbor, Massachusetts at 8:20 p.m., August 27. When the ferry ran aground about a quarter of a mile from the pier, Coast Guard crews from Station Point Allerton launched a rescue crew aboard a 47-foot motor life boat to provide […]

Drillers to Favor Buying over Building?

Drillers to Favor Buying over Building?

The cyclical downturn in the offshore oil and gas-drilling market may provide an opportunity for drillers with financial flexibility to buy high-yield peers at favorable prices, rating agency Fitch Ratings said. In this environment, master limited partnerships (MLPs) may provide additional financial flexibility for corporate parents looking to acquire assets. Near-term offshore demand has moderated, […]

UPDATE: Fire-Stricken Pine Galaxy Towed to San Francisco

UPDATE: Fire-Stricken Pine Galaxy Towed to San Francisco

The disabled mixed-products tanker Pine Galaxy arrived in San Francisco for repairs Wednesday, the U.S. Coast Guard said. Commercial tugs towed the ship safely into the Port of San Francisco with an escort by the Coast Guard Cutter Pike and the crew of a Coast Guard Station San Francisco 45-foot Response Boat — Medium. The Pine […]

Deadliest Week in Mediterranean

Deadliest Week in Mediterranean

More than 300 people died while trying to make irregular sea crossings from North Africa to Europe in the past week, bringing the death toll this year from sinking vesels on the Mediterranean to almost 1,900, including some 1,600 since June, according to UNHCR. “The past few days have been the deadliest this year on […]

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