Cummins Works to Shrink Environmental Footprint
Cummins Inc. Chairman and CEO Tom Linebarger outlined the company's most extensive plan to date for environmental sustainability, including specific goals for reducing waste, water and energy. A core part of the company's mission is demanding that everything Cummins does leads to a cleaner, healthier and safer environment, which has also proven to be a business advantage. Cummins has been working hard to reduce its environmental footprint for years.
Norway Bets on Global Warming in Arctic Oil and Gas Drive
Norway wants to let oil and gas companies drill in Arctic seas that were frozen as recently as the 1980s even though some climate experts say it is too early to trust global warming to keep the ice away. Russia is also showing new interest in the Arctic despite high costs in a region where governments are struggling to set safety rules after BP's 2010 blowout in the Gulf of Mexico, the worst offshore spill in U.S. history.
Life Sentence for Killer of Coast Guard Officer
A Mexican man convicted in the 2012 killing of a U.S. Coast Guard officer, the first on-duty death since 1927, was sentenced on Monday to life in federal prison without the possibility of parole…
Hapag-Lloyd's Loss Widens
Company says freight rates remain under pressure; blames tough competition, weak U.S. dollar. Pins hopes on G6 alliance, container merger with CSAV. German shipping…
U.S., China spar again on South China Seas dispute
China hit back at the United States over the disputed South China Sea on Tuesday, after U.S. Secretary of State John Kerry said recent Chinese moves in the waters were "provocative".
UK Clamp Down on North Sea Drilling Tax Holiday
A planned change in the way Britain taxes North Sea drillers exposes the loophole in a system that allowed an industry with annual revenues of 2 billion pounds to…
China & US Discuss Disputed South China Sea Areas
Chinese Foreign Minister Wang Yi discussed the South China Sea dispute with U.S. Secretary of State John Kerry and urged him to speak and act cautiously, a spokeswoman said on Tuesday.
Kværner Deliver Strong Q1 2014 Results
Leading contractor for deliveries of complete upstream oil & gas offshore platforms and onshore plants, Norway's Kværner ASA, reports operating revenues for the first quarter of 2014 wer NOK 3…
Lifeboat, Passenger Safety, on IMO's MSC Agenda
The MSC is expected to adopt amendments to the International Convention for the Safety of Life at Sea (SOLAS) related to lifeboat safety; continue its action plan of work on passenger ship safety…
Box Ships Inc. Q1 2014 Profit Slip
Containershilp owners & charters, Greece-based Box Ships, reported that during the first quarter of 2013 it operated an average of 9 vessels. Net Loss and Adjusted…
Far East Shipyards Bag the Week's Newbuilding Orders
South Korea, Japan and China shipyards update their order books with a clean haul of ocean-going newbuilding contracts, detailed as follows in the latest Clarkson Hellas S&P Weekly Bulletin.
America's Last Manned Lighthouse to be Renovated
Plans to commence a $1.1 million project to repair and renovate structures at Boston Light in order to honor the 300-year service and iconic value of Boston Light…
New Container Terminal May Transform Indonesia Trade: Analysis
During the past five years, trade between Indonesia and the rest of Asia has mushroomed, particularly when compared to trade with North America and Europe (see the graph shown here).
