Creditors Approve Restructuring Of Batista's Oleo E Gas - Update
Creditors of Brazilian tycoon Eike Batista's Oleo e Gas Participacoes SA approved a restructuring plan for the oil company that could lead to a quick resolution…
Express Global Logistics Moves Cement Mill From Mumbai To Spain
Express Global Logistics Pvt Ltd recently executed a cement mill project in Almonaster la real, Spain. It involved shipping and transportation of 2 nos x 57 ton…
The Navigator of Nautical Institute goes Greek
The Nautical Institute, in cooperation with HELMEPA, launched a Greek language version of its popular free magazine, The Navigator at Posidonia. In order to promote professionalism at sea…
Lloyds Bank Withdraws From Rosneft-BP Loan
Lloyds Bank, part-owned by the British government, has withdrawn from a $1.5-$2 billion trade finance deal involving oil major Rosneft, in a development highlighting…
Sulzer Sells Of Its Metco Division To Oerlikon
Sulzer has successfully completed the sale of its Metco division to Oerlikon. This sale was announced on January 31, 2014. The transaction is based on an enterprise value of CHF 1 billion.
Wärtsilä sells its JV shares to Transmashholding
Wärtsilä and Transmashholding have agreed that Wärtsilä will sell its 50 per cent share in the joint venture Wärtsilä TMH Diesel Engine Company LLC to Transmashholding, the other joint venture party.
Statoil's Ethics Helpline now open for all
Statoil’s Ethics Helpline has until now only been available to Statoil employees. Now the helpline will be opened up to all that wish to express a concern related to our Ethics Code of Conduct…
AWT, KVH Deliver Weather Service
Applied Weather Technology, Inc. (AWT), a StormGeo company, today announced a partnership with KVH Industries, Inc. to deliver AWT’s BVS high-resolution weather…
Connectivity Lifts Safety and Efficiency to the Next Level
Ship classification society risk and sustainability service provider DNV GL briefed the press today on the future of shipping at an event at the Posidonia exhibition in Greece.
MOLMC Gains NK Certification for Education & Training
Mitsui O.S.K. Lines, Ltd. (MOL) today announced that its group company MOL Marine Consulting, Ltd. (MOLMC) has acquired certification for its Bridge Resource Management…
Williams Gauges Shippers' Interest in Mississippi Natgas Storage
Williams Cos Inc's Transcontinental Gas Pipeline Co (Transco) unit on Tuesday announced an open season to gauge interest in natural gas firm storage capacity at…
P3 Shippers Pleased with EU Affirmation
The P3 Network – the long-term operational vessel sharing agreement proposed by CMA CGM, MSC and Maersk Line is subject to regulatory review in jurisdictions in North America, Europe and Asia. In the European Union (EU), the P3 Network was required to conduct a self-assessment. Since its conclusion, the P3 partners have been in voluntary discussions with the European Commission to confirm the P3 partners’ view of P3 being in compliance with EU competition law.
Marine Towing of Tampa to Debut Tractor Tug
Marine Towing of Tampa, LLC will host a private dedication ceremony on Thursday, June 12 to debut its new tugboat, Patriot, at Port Tampa Bay. The Patriot is one…
Pemex Selling 7.86% of Repsol Worth $3B
Mexico's national oil company Pemex is selling a 7.86 percent stake in Spanish oil firm Repsol, worth about 2.2 billion euros ($3.0 billion) at current market prices…
LUSCHI Acquires Trailing Suction Hopper Dredger
LUSCHI announced an acquisition of a 1,330 m³ Trailing Suction Hopper Dredger - TSHD to its fleet. The equipment named Recreio do Bandeirantes will become LUSCHI X after formalizing purchase between LUSCHI and BIC Bank, this Wednesday, June 4. The vessel has 77.5 m length, 13 m width and dredging depth up to 22 m. Moreover, it is equipped with waterjet in the cutter head, waterjet at the doors of cisterns…
Damen Expands Rix Sea Shuttle Offshore Fleet
U.K.-based Rix Sea Shuttle will shortly take delivery of their first ever Damen vessel – a Fast Crew Supplier 2610 – to support its growing involvement in the offshore crew transfer market. The new vessel, the Rix Lion, is due for delivery on July 4, six weeks after the contract was signed. “Our yards in Singapore and Vietnam build the FCS 2610 as a stock model,” said Damen Sales Manager United Kingdom & Ireland Arjen van Elk.
Hijacked Tanker Found, Crew Unharmed
The hijacked oil tanker which was reported missing off Indonesia last week has been found, according to the Royal Thai Navy. GAC said in its daily Hot Port News…
Tug Strike Possibility Looms in Vancouver
Unions representing members working for Seaspan, one of the two tug companies serving the port of Vancouver, are meeting today and tomorrow, June 3 and 4, to vote on whether to take strike action…
DNV GL Leads New LNG Carrier Concept Project
DNV GL announced the initiation of a new joint industry project (JIP) to define the state-of-the-art next-generation LNG carrier. According to DNV GL, the aim is…
Helicopter Operators Set for Take-off as Oil Drilling Picks Up
A pickup in offshore drilling is swelling the orderbooks of the handful of helicopter operators that shuttle oil workers to and from remote rigs. Their stock prices…
