Dutch freighter Flinterstar is seen sinking after colliding with Marshall Island-flagged tanker Al-Oraiq, which also suffered damage in the collision, in the North Sea off the Belgian coast October 6, 2015. The small Dutch freighter sank early Tuesday morning after colliding with the tanker in the North Sea off the Belgian coast, the Netherlands' coast guard said. All aboard were rescued. Coast Guard spokeswoman Vanessa Strijbosch said 11 of the 12 crew of the Dutch freighter Flinterstar were rescued from frigid North Sea waters, and one was being treated for hypothermia. The 12th was still aboard. REUTERS/Benny Proot  ATTENTION EDITORS - NO SALES. BELGIUM OUT. NO COMMERCIAL OR EDITORIAL SALES IN BELGIUM.

Salvage Underway for Wrecked MV Flinterstar Off Belgium

  Salvage of the partially sunken MV Flinterstar following a collision with an LNG carrier earlier this week off the coast of Belgium kicks into high gear as oil spill cleanup winds down and the inquiry into what happened continues. Dutch ship owner Flinter reports that the Flinterstar remains stable and the company has contracted SMIT and […]

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El Faro 7

Collision Course With a Hurricane: How Doomed El Faro Met Its End

  By Edward McAllister and David Adams NEW YORK/MIAMI, Oct 8 (Reuters) – The ill-fated U.S.-flagged El Faro cargo ship sunk by Hurricane Joaquin was sailing at near full speed into the center of the storm before it lost propulsion amid mountainous waves and brutal winds, according to ship tracking data. The data on Thomson […]

Photo: Shutterstock/Nadja1

LNG Terminal Projects Around the Globe are Dying on the Vine

  By Christine Buurma, Stephen Stapczynski and Naureen S. Malik (Bloomberg) — Five years ago, energy companies hungry for the next big thing started planning as many as 90 terminals to send natural gas around the globe. Now, it seems the world only needs five more. Consulting firm IHS Inc. says only one in every […]

CLEARWATER, Fla. -- A Coast Guard HH-60 "Jayhawk" helicopter on a law enforcement patrol at sunset over Great Inagua Bahamas.  USCG photo by AST3 Tye Conklin

We Won’t Learn Anything: What Sank El Faro and What Didn’t

On Wednesday night, the final rescue crews on the El Faro mission called in, “We are returning to base – negative results,” and left the search area. The hearts of family and friends finished a breaking that began a week ago, and all they are left with now are questions. As unspeakably tragic as the last week has been, I […]

ZIM Antwerp. Photo: Zim

Israeli Shipping Company Zim May Be Planning U.S. IPO

  By Yaacov Benmeleh (Bloomberg) — Zim Integrated Shipping Services Ltd., a marine transportation company, hired Bank of America Corp.’s Merrill Lynch unit and Barclays Plc to lead an initial public offering in the U.S., according to two people with knowledge of the matter. The Haifa, Israel-based company, a unit of billionaire Idan Ofer’s Kenon […]