Petroperu Tenders to Buy ULSD Cargoes
State-run Petroperu launched a tender to buy six 290,000-324,800 barrel cargoes of ultra low-sulfur diesel (ULSD), to be received from May to June at its Conchan…
Seadrill Sells $300m of SapuraKencana Shares
Seadrill, the world's biggest offshore driller by market capitalisation, has sold 230 million shares in Malaysia's SapuraKencana, raising $300 million and earning a gain of $165 million on the deal…
Transdev Sees Return to Profit, Ferry Unit Blocks Veolia Deal
French transport firm Transdev expects to return to profit this year, but sees no quick solution for its troubled Mediterranean ferry unit SNCM, which is blocking…
UK Gov't Sees More Scope for Refinery Closures
Britain said on Wednesday there was scope for more UK refining capacity to close without undermining energy security but set up a new task force to help the struggling…
TT Club Pinpoints Risks for Logistics Operators
The overwhelming majority of insurance claims analysed by TT Club have showed that costly damages and loss, as well as serious bodily injury can be prevented or significantly minimised by sensible and concerted risk management efforts. Speaking at this week’s TOC Container Supply Chain Asia Conference in Singapore, TT Club’s Phillip Emmanuel drew attention to the wide-range of causes leading to insurance claims by transport and logistics operators.
DNV GL Introduces Energy Efficiency Methodology
DNV GL presents a novel approach that overcomes challenges of assessing on board energy efficiency in a consistent manner. As a result, priorities for improvement can be determined accurately. In a new report released, DNV GL answers the question: How can a ship manager identify the biggest sources of useful energy that are currently being wasted on their ships? “Ship operations and environmental legislation have become more complex…
South Pole Telescope Finds Proof of Big Bang
Several recent media reports state that the existence of the Big Bang allegedly has been proven by BICEP, a telescope stationed at the South Pole. In 2011, Mammoet replaced the bearing of this monumental instrument, which now appears to have found ‘waves of gravity’ that were rippling through space right after the Big Bang. The waves were predicted by Albert Einstein nearly a hundred years ago, but never found until now.
BWM Convention Problems Need Solutions
The global shipping industry – represented by the International Chamber of Shipping (ICS), BIMCO, Intercargo, Intertanko, World Shipping Council (WSC), CLIA and…
GTT Training Center Announces First Course
GTT Training Center announces that registration is now open for the first training course to be run at the new center which will take place on June 23, 2014. The…
Eastern Launches another Hornbeck Offshore Vessel
Eastern Shipbuilding Group, Inc. announced the launching of the HOS BLACK ROCK (Hull 207) on Friday March 28, 2014 for Hornbeck Offshore Services, LLC. The HOS BLACK ROCK is Eastern’s third vessel in Hornbeck Offshore’s HOSMAX 310 class series. The launching event was held at Eastern’s Allanton facility with hundreds of Eastern Employees and Guests attending despite rainy weather. Attending from Hornbeck was Bill Krewsky, Director of Engineering and Project Management.
Bestobell’s Scores Chinese Contract
Bestobell Valves, part of the President Engineering Group, said it has received a major boost to its marine division with the award of a new contract for cryogenic cargo globe valves from the Hudong Zhonghua shipyard in China. The multimillion dollar contract will see the U.K.-based company manufacturing valves for six 174K LNG (Liquefied Natural Gas) Carriers. The LNGC have been contracted by Sinopec…
NTSB: Seastreak Allision due to loss of vessel control
The National Transportation Safety Board determined today that the ferry Seastreak Wall Street struck Pier 11 in Lower Manhattan in January 2013, because the captain…
Seadrill plans up to $305m Malaysian selldown
SapuraKencana Petroleum Bhd's second largest shareholder plans to sell up to $305 million worth of shares in the Malaysian oil and gas services firm, according to…
ANS oil production to fall 1.8 pct for fiscal year
Alaska's North Slope oil production is forecast to decline 1.8 percent for the fiscal year ending June 30 instead of falling 3 percent as predicted in December,…
S.Korea's Samsung Heavy wins $1.27 bln drillships order
Samsung Heavy Industries Co Ltd said on Wednesday it won a 1.34 trillion won ($1.27 billion) order to build two drillships for an unnamed firm based in or near Australia.
Shell, CNPC cooperating in deep-sea exploration, shale gas
Royal Dutch Shell and the China National Petroleum Corp (CNPC) have signed a deal to boost cooperation in sectors like deep sea exploration as well as liquefied…
