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…
Senator Landrieu Defends Jones Act
The United States should strengthen a century-old law designed to protect the domestic shipping industry, rather than relax it under pressure from the energy industry, the chair of the Senate Energy Committee said on Tuesday. The 1920 Jones Act restricts the delivery of goods between U.S. ports to ships made in the United States and flying the country's flags. Mary Landrieu, a Louisiana Democrat, said…
"Shock" incidents blight falling piracy rate
A UK maritime intelligence provider Dryad Maritime released its Q1 maritime crime figures which show an overall downturn in incidents across the Horn of Africa,…
Maersk Line increases business while reducing CO2 footprint
Maersk Line today published its Sustainability Progress Update for 2013, showing a 3.8 million tonnes CO2 reduction in a year where the business grew 4.1%. “2013…
Aegis Logistics commissioned ahead of schedule
Aegis Group, a Leader in Oil, Gas and Chemical Logistics, announced successful early commissioning of the 70,120 KL Bulk Liquid Terminal at Pipavav port on West coast of India.
Possible tug strike at Port Hedland
which possibly could lead to industrial action. to do the same. deal. five week voting period after ballots were posted out on Friday. (4 April). of construction…
NewLead to Acquire Two Panamax Dry Bulk Vessels
NewLead Holdings Ltd announced today that it has previously signed a term sheet with a leading financial institution to provide 75% debt financing for two second…
Crowley Acquires Ship Management Company
Crowley Maritime Corporation announced today that it has acquired majority ownership of Accord Ship Management (HK) Limited and Accord Marine Management Pvt. Ltd.
Petrobras Secures Loan for RUpdate: efinery
Petroleo Brasileiro SA borrowed 4 billion reais ($1.8 billion) in a 17-year loan from Banco Bradesco SA to help pay for work on the Abreu e Lima refinery in northeastern Brazil…
Alaska Proposes Passenger Vessel Discharge Legislation
The Alaska Department of Environmental Conservation (DEC) Commercial Passenger Vessel Environmental Compliance Program is proposing to issue a 2014 Large Commercial…
Barge Strikes Bridge; Mississippi River Closed in Iowa
The U.S. Coast Guard on Tuesday closed the Mississippi River at Sabula, Iowa, after a barge struck a railroad bridge, said Eric Washburn, bridge administrator for…
Barge Runs Aground Near Anna Maria
A 180-foot barge ran aground on Anna Maria Island after breaking free from a tug boat early Tuesday morning. Coast Guard watchstanders at Sector St. Petersburg received notification at 2 a.m., Tuesday, that the operator of tug Abe H was having difficulty steering due to weather and was unable to control the two barges he was pushing approximately one mile west off of Longboat Key. Watchstanders launched Coast Guard Cutter Hawk, an 87-foot Coastal Patrol Boat homeported in St.
Miami's Port to Issue Bond to Pay Debt, Fund Tunnel Project
The port of Miami's total debt is set to pass $1 billion after Miami-Dade County commissioners approved a $225 million bond offering on Tuesday to meet existing…
Asia-Pacific Crude Steady, Conoco Sells Bayu Undan
The Asia-Pacific crude market held steady on Tuesday as traders sought clarity on the supply of June-loading cargoes amid potentially higher Libyan exports. "We…
