How a CEO Made Millions From a Sinking Ship
When stocks rose after last year’s presidential election, DryShips Inc. left the market far behind. The little-known Greek dry bulk carrier’s epic one-week rally pushed its shares up by 1,500% for no apparent reason,...
Biggest Ship Sets Record Lifting 24,000-tonne Platform
The world's biggest ship has set a new record lifting a 24,000-tonne oil platform.
The Pioneering Spirit heaved the topside of the Brent Delta platform off its support legs on Friday.
The colossal structure will eventually...
Containership Capacity: Owners Hoping it’s the Start of Improved Returns
Idled containership capacity has shrunk by 28% in the past two weeks to 696,000 teu, according to Alphaliner.
And the maritime consultant said it expected the laid-up cellular fleet to dip below 500,000 teu by...
Private Independent Shipowners’ Days Numbered
The best days of the private independent shipowner are over, according to the audience who took part in a poll at maritime conference in Singapore Wednesday.
The poll followed a debate in which six shipping...
MacGregor Divests Woodfield Systems Ltd.
MacGregor, part of Cargotec, sells the majority shares of Woodfield Systems Ltd. Woodfield became part of MacGregor in January 2014, when MacGregor acquired mooring and loading systems unit from Aker Solutions. Woodfield offers onshore...
Baltic Dry Index Down for Seventh-straight Session
Capesize rates have finally turned higher. They snapped a six-session losing streak on Thursday, but the capesize index’s turn higher wasn’t enough to buoy the overall Baltic Dry Index. The BDI fell by 13...
MAN Debuts New SCR for Two-stroke Engines
MAN Diesel & Turbo and its licensee Mitsui Engineering & Shipbuilding introduced its new high-pressure selective catalytic reduction (SCR) system, MAN SCR-HP, at an event in Tamano, Japan on April 11.
The MAN SCR-HP is...
Costly Bilge Water Non-compliance
A new white paper from Alfa Laval addresses ship owner concerns to ensure vessel compliance with bilge water regulations worldwide. Even if a traditional system with type approval is operating on board, the paper...
ABB and IBM Partner in Industrial Artificial Intelligence Solutions
ABB and IBM (NYSE: IBM) has announced a strategic collaboration that brings together ABB’s industry leading digital offering, ABB Ability, with IBM Watson Internet of Things cognitive capabilities to unlock new value for customers...
Pirate Attacks Rising Off East Africa, Pentagon
Pirates once again prowl the high seas off shore of this tiny country on the strategic Horn of Africa.
Navy Capt. Richard Rodriguez, chief of staff of the Combined Joint Task Force-Horn of Africa, said...