Transport Engineering Course at OMAE 2014
HMC will host ASME Courses on Transport Engineering and Front End Engineering Design from June 7-8, 2014 at The Palace Hotel in San Francisco. The OMAE is the flagship conference of the Ocean Offshore and Arctic Engineering Division of ASME. Every year it brings together engineers, researchers, academics, industry leaders and government leaders. In 2014, San Francisco will be the host city. HMC is proud to facilitate a course on Transport Engineering and Front End Engineering Design.
Saltchuk to Acquire Tropical Shipping
A subsidiary of Saltchuk Resources, one of the nationās leading transportation and petroleum distribution companies, has entered into a binding purchase & sale agreementā¦
Deadbeat Chinese Shipyards Stick Banks with Default Bill
Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund guarantees that are supposedā¦
Alfa Laval buys Frank Mohn for $2.17 bln
Swedish engineering group Alfa Laval said on Monday it had agreed to buy Norwegian marine and offshore pumping group Frank Mohn for 13 billion Norwegian crowns ($2.17 billion) in cash.
Kuwait's oil output capacity rises to 3.3 mln bpd - KPC
Kuwait has increased its oil production capacity to 3.3 million barrels of oil a day (bpd) and is hoping to reach 3.5 million bpd in 2015, the head of its state oil company said on Monday.
POSH attracts Hwang, Fortress as IPO investors
PACC Offshore Services Holdings (POSH), part of the empire of Malaysia's richest man Robert Kuok, has roped in Hwang Investment Management Berhad and Fortress Capitalā¦
Asia Distillates-Cracks edge down on thin demand
Asia's gasoil and jet fuel margins edged lower on Monday in the absence of most sentiment-supporting factors, with the exception of refinery maintenance, traders said.
Chinese Ship Searching for Malaysia Plane Detects Signal
A Chinese patrol ship searching for missing Malaysia Airlines flight MH370 detected a pulse signal with a frequency of 37.5 kHz per second in the south Indian Ocean on Saturdayā¦
AdvanFort: 33 Guards Released from Prison in India
33 of the 35 guards who have come to be known as the āAdvanFort 35ā were released from prison for good on Saturday, the judge ordered. They were released on bail last weekā¦
BP Whiting Refinery Cleanup Winds Down
An assessment team, comprised of representatives from the Coast Guard, Environmental Protection Agency and BP, stated Friday that no further cleanup actions wereā¦
US Says Iran Oil Exports in Line with Sanctions
The United States on Friday dismissed suggestions that Iran was exporting much more oil than it is allowed to sell under a preliminary nuclear deal with world powersā¦
NTSB Board to Discuss Wall St. Ferry Accident
The National Transportation Safety Board will meet to discuss a 2013 accident involving the Seastreak Wall Street commuter ferry in lower Manhattan. On January 9ā¦
Canpotex Reaches Agreement with Indian Customers
Canpotex Limited announced it has agreed to an annual contract with its government and private sector partners in India to supply approximately 1 million metricā¦
Europe to Dominate Ballast Water Treatment Market
The global ballast water treatment systems market is estimated to grow at a compound annual growth rate of 21 percent from 2012 until 2019. The retrofit market isā¦
Enbridge Licensed to Re-export Oil from US
Enbridge Inc. on Friday confirmed its subsidiary Tidal Energy Marketing has obtained a license from the U.S. government to re-export Canadian oil from U.S. shores.
Petroperu Tenders to Buy Biodiesel Cargos
State-run Petroperu launched a tender to buy two 100,000 barrel cargos of biodiesel to be received from May 2 to June 6 at Talara, Conchan and Mollendo ports, accordingā¦
Genco Reaches Bankruptcy Restructuring Deal
Genco Shipping & Trading Ltd. will cut its debt by more than $1 billion by giving control of the company to its lenders in a deal that requires the dry bulk shipping company to file for bankruptcy. Lenders backing a $1.06 billion credit facility would convert their debt into about 81.1 percent of company's stock, according to a regulatory filing from Thursday. Investors who hold $125 million of Genco convertible debt would receive 8.4 percent of the company.
Four Holland America Ships to Sail SA Cruise Season
From fall 2014 through spring 2015, Holland America Line will offer South America deployment with four ships positioned in the region. The line's ms Statendam, ms Maasdam, ms Prinsendam and ms Zaandam will sail 20 voyages around the continent ranging in length from 14-68 days. With departures from Fort Lauderdale, Fla.; San Diego, Calif.; and Vancouver, British Columbia, as well as sailings originating within South Americaā¦
Arctic Sea Ice Reaches Maximum Extent for 2014
NSIDC issued an update to Arctic Sea Ice News & Analysis describing winter sea ice conditions in the Arctic Ocean stating Arctic sea ice reached its maximum extent for the year on March 21 at 14.91 million square kilometers (5.76 million square miles), making it the fifth lowest maximum in the satellite record (1978-2014). Antarctic sea ice reached its annual minimum on February 23, and was the fourth highest Antarctic minimum in the satellite record.
PDVSA to Sell Jet Fuel and ULSD Cargos for April
Venezuela's state-run PDVSA launched tenders to sell one 240,000 barrel cargo of jet fuel and one 240,000 barrel cargo of ultra low-sulfur diesel (ULSD) for delivery in Aprilā¦
