Ukraine Suspends Gas Payments to Russia
Ukraine is suspending payments to Russia for gas deliveries until the conclusion of price talks, chief executive Andriy Kobolev said on Saturday. State-run Naftogaz…
Coast Guard establishes Safety Zone for WW II explosive detonation
Coast Guard establishes a Safety Zone Regulation from 9a.m. to 12p.m. April 13, 2014 in Flamenco Bay, during the underwater detonation of a World War II explosive in Culebra, Puerto Rico.
Brazil's Batista Target of Insider Trading Probes
Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms, securities industry watchdog CVM said on Friday. In a statement sent to Reuters, Rio de Janeiro-based CVM confirmed that Batista is a respondent in six of nine probes that executives of his Grupo EBX conglomerate are facing for breaching securities rules.
Nanjing Tanker To Be Delisted, First By Central Gov't Backed Firm
Loss-making shipping company Nanjing Tanker Corp will be delisted from the Shanghai Stock Exchange after a five-day grace period, marking the first time for a company…
Parsley Energy Makes Public $400 Mln IPO Plan
Class A common stock. The oil and natural gas company filed confidentially with U.S regulators for the proposed IPO in December. Credit Suisse, Goldman Sachs & Co, J.P. U.S.
Hints Of Possible Deal On Ukraine Gas Emerge At G20
emerged at a meeting of G20 finance chiefs this week that a deal in which Moscow eases its stance might be in the works. sidelines. for gas and said it awaits $2.2 billion in unpaid bills.
Quantifying Arctic shipping risk through case studies
diverse environment, knowing how to manage its risks will be crucial. conventional routes. about future developments,” said Knut Ørbeck-Nilssen, President DNV GL Maritime.
Port of Antwerp wins “Port of the Year” Award
International Seafarers’ Welfare and Assistance Network (ISWAN). award on behalf of Antwerp Port Authority at the International Labour Organisation (ILO) in Geneva.
SEMBCORP MARINE’S SEMBAWANG SHIPYARD TO REVITALISE 'VOYAGER OF THE SEAS'
Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured an agreement with RCL Cruises Ltd., a member of the Royal Caribbean Cruises Ltd. group,…
Huntington Ingalls to Explore Opportunities for Avondale Redevelopment
Huntington Ingalls Industries announced today it will conduct a study with Kinder Morgan Energy Partners, L.P. (NYSE:KMP) to explore redeveloping Huntington Ingalls…
McQuilling Services Industry's Spot Market Review for First Quarter
There’s no denying that the wave owners rode into 2014 on was a welcome way to start the new year (at least from their perspective). Earnings in the large crude…
Severe Cyclone Ita heads towards Queensland
per hour. communities along the far north Queensland coast. GALES extending out to 200km from the centre. tonight and maintain cyclone intensity for longer into Saturday.
IMF April Update Sees Lower Global GDP Growth
The message from the IMF is clear: The global recovery is still fragile despite improved prospects, and significant downside risks—both old and new—remain. Recently…
EMAS Awarded Gunflint GoM Project
EMAS, the operating brand of Ezra Holdings, a global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced…
Yacht Race from Hong Kong to the Philippines
Approximately 34 yachts are expected to participate in a race from Hong Kong to the Philippines will take place from April 16-21, GAC said in its daily Hot Port News report.
Harley Marine NY Welcomes New Vessel
Harley Marine NY, a subsidiary of Harley Marine Services, took delivery of the river style push-boat, HMS Justice, from Conrad Shipyard of Morgan City, Louisiana.
New Mangalore Port Traffic Up 6.29%
New Mangalore Port recorded growth of 6.29% in cargo handling during the financial year 2013-14, GAC informs. The port handled 39.36 million tons of traffic, compared to 37.03 million in 2012-13. Of the total, 14.94 million tons (up from 14.21 million) was imported crude oil for the Mangalore Refinery and Petrochemicals Ltd. Coal, another major import commodity for the port, contributed 8.34 million tons (up 6.91 million to the total cargo handled. gac.com
Private Equity Boosts Liberia Shipping Market
The Liberian Registry says the entry of private equity funding into the ship finance market is helping to sustain its continued growth. Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the Liberian registry, said, “Owners are ordering ships again, and there is a great deal of private equity funding entering the market, in the U.S. and elsewhere…
Petrobras HQ Raided by Brazil Police
Brazil's Federal Police raided the headquarters of state-run oil company Petroleo Brasileiro SA in Rio de Janeiro as part of a money-laundering probe, two sources with direct knowledge of the operation told Reuters on Friday. However, they did not confirm if Petrobras was one of the locations raided. Portuguese for "Operation Car Wash," Operação Lava Jato has already resulted in the arrest of at least one former executive at Petrobras, as the company is known.
USCG Cancels Saginaw Bay Icebreaking
The U.S. Coast Guard (USCG) has canceled icebreaking operations that were scheduled to take place in Saginaw Bay, beginning Saturday morning. The icebreaking operations…
