Exxon Says Pursuit of Ukraine Skifska Block on Hold
Reuters - Exxon Mobil Corp said its pursuit of the Ukraine Skifska block in the Black Sea has been stalled due to the unrest in that country. Swiger's comments, broadcast on the internet…
US Lifts Iran Economic Sanctions against ASM
On February 7, 2014, the United States, acting through the U.S. State Department (the foreign ministry of the United States) terminated all economic sanctions imposed against Associated Shipbroking…
New Vessel in MMT's Survey Fleet
In what it calls a natural step in the process of expanded subsea services in the oil and gas industry, MMT has signed a two-year charter contract for M/V Stril Explorer, operated by Simon Mökster Shipping AS. MMT said it has conducted various survey assignments from this vessel during several projects in the past. M/V Stril Explorer is an DP2 offshore vessel with a large open deck and is very suitable for launch and recovery operation, for example with ROVs, AUV and geotechnical equipment.
Golden Ocean Sees 10% Growth
Reuters- Dry bulk carrier Golden Ocean Group Ltd expects double-digit growth in global iron ore trade in 2014, helping its markets pick up momentum and improving rates…
Odfjell Pleads Guilty to Pollution Charges
Company agrees to pay $1.2 million penalty; $300,000, will fund Long Island Sound projects. Singapore-based Odfjell Asia II Pte Ltd and one of its senior crew members pleaded guilty yesterday in federal court in Hartford, Conn., for violating the Act to Prevent Pollution from Ships (APPS), announced Acting Assistant Attorney General for the Justice Department’s Environment and Natural Resources Division Robert G. Dreher, United States Attorney Deirdre M. Daly and Rear Admiral Daniel B.
AIDA Cruises Records 20% Passenger Increase in 2013
In 2013, 763,700 guests from Germany chose to travel with AIDA Cruises – 20 percent more than in the year before. This means that the cruise company has grown twice as fast as the market as a whole. A new study by the Cruise Lines International Association (CLIA) and the German Travel Association DRV shows that the German market for ocean cruises grew by 9.2 percent in 2013 to 1.69 million passengers. The cruise company said it is also set for further growth in the coming years.
Iraq Returns as World's Fastest-Growing Oil Exporter
Iraq is reclaiming its rank as the world's fastest-growing oil exporter, cushioning consumers from Libyan supply outages for now and, perhaps, reviving OPEC market share rivalries down the road.
SENER Opens Office in India
The engineering and technology group SENER has opened a division in India with offices in New Delhi, Bengaluru and Chennai. This new geographical location responds to SENER’s globalization strategy and follows the development of previous engineering and construction projects in the country in the fields of Infrastructure & Transport, Aerospace, Marine and Power & Process. SENER has recruited a high…
BMT SMART Appoints McKelvie Product Manager
BMT SMART Ltd. (BMT), a subsidiary of BMT Group Ltd., an international maritime design, engineering and risk management consultancy, announced the appointment of Laura McKelvie as Product Manager. A University of Southampton graduate in Naval Architecture, Laura has been working with BMT for five years specializing in vessel performance monitoring and analysis. She has been involved in all aspects…
Singapore, UK Researchers Team up for Maritime R&D
Building on the fruitful past decade of U.K.-Singapore cooperation in scientific research and development, A*STAR’s Institute of High Performance Computing (IHPC) and the Southampton Marine and Maritime Institute (SMMI) officially launched a joint laboratory in Maritime and Offshore Engineering R&D today, to develop innovative technological solutions through modeling and simulation using high performance computing technology…
MacGregor K50 Cranes Ordered from Indonesia
MacGregor, part of Cargotec, has won an order for two 50-metric-ton SWL versions of its heavy-duty grab cranes. The K5036-4HD MacGregor cranes are destined for a 68m floating crane barge, which is being built by Batam-based PT. Karya Tekhnik Utama (KTU), in Indonesia. “Indonesia has one of the world’s fastest growing bulk export industries, and this order further increases our presence in this significant market,” said Anders Berencsy, Sales Manager for Transloading cranes at MacGregor.
Peel Ports Invests £8m in the Port of Liverpool
An £8 million investment in the Port of Liverpool’ animal feed warehouse facility makes it the largest of its type in the U.K., increasing capacity by 60% to 400,000sq.ft, allowing Peel Ports Group to add value to its customer supply chains and create effective logistics solutions, the company said. The Port of Liverpool is the U.K.’s most centrally positioned port and can uniquely connect by water to the major conurbations of Glasgow…
New Unithai Shipyard to Meet Offshore Demand
Thailand’s Unithai Shipyard and Engineering said it has expanded operations to support the steady growth of offshore operations. The company has opened a new branch in Songkhla province, one of the busiest offshore markets in the region. The new branch will be fully equipped to fulfil clients’ needs for their offshore operations, such as in ship repair, warehousing, berthing, workshops, equipment and tools.
Australia's Victoria state may sell two biggest ports
Australia's Victoria state government said it may sell Port of Melbourne, the country's largest container and general cargo port, continuing a rush by states to…
BP enters into partnership with New Zealand companies
Oil major BP said it entered into a joint partnership with New Zealand Refining Co Ltd and Z Energy to procure and process crude oil through New Zealand's only refinery…
Danish shipping fuel supplier OW Bunker confirms IPO plan
Private equity co Altor plans to partly sell holding; OW Bunker FY net up almost 50 pct at $63.4 mln. Revenue up more than 20 pct at $16.99 billion. Danish ship…
Batista companies extend test in Brazil offshore field
Brazilian tycoon Eike Batista's bankrupt shipmaker and sister oil company are extending tests in the offshore Tubarão Azul field until March 7, according to a Wednesday securities filing.
Marine Diesel Oil Price-Spike Expected End of 2014
Reuters – New fuel rules for ships entering low sulphur zones around northwest Europe and North America next year could trigger a price spike in European gasoil, whilst refiners will struggle to offload unwanted fuel oil. From January 2015, ships entering "Emission Control Areas" (ECAs) in the Baltic, North Sea and English Channel and around the North American coast, will have to switch from low sulphur fuel oil (LSFO) with 1 percent sulphur content to 0.1 percent gasoil…
Crossing the English Channel by Ferry Preferred to Chunnel
More people used ferries to travel from the UK to the continent last year although cross-Channel numbers are still down on those of decade ago. According to the Department for Transport's recently released annual Sea Passenger Statistics the number of short sea international ferry journeys increased by 4% to 20.5m following two years of decline. In a reversal of the situation in 2012, when more passengers travelled internationally via the Channel Tunnel than on ferries for the first time…
Scorpio Bulkers in Limbo Until New & Chartered-In Ships Contribute
Scorpio Bulkers, headquartered in Monaco, report its results for the three months ended December 31, 2013 and for the period from March 20, 2013 (date of inception) to December 31, 2013. For the three months ended December 31, 2013, the Company had a net loss of $3.6 million, or $0.04 basic and diluted loss per share. During this period the Company had no vessels in operation. As such, the Company had no revenues, voyage expenses or vessel related expenses.
