Pope Affirms Apostleship of the Sea’s Work
Pope Francis has affirmed seafarers’ charity Apostleship of the Sea’s (AoS’) ministry with peoples of the sea in his address in the Vatican, as churches around the world celebrated Sea Sunday. In his address on July 13 in St Peter’s Square, Pope Francis said, “Today we celebrate Sea Sunday. I turn my thoughts to seafarers, fishermen and their families. The Pontiff added, “I call on the chaplains and…
WTO Rules Against US Import Tariffs on China Steel, Solar Panels
World Trade Organization judges found on Monday that the United States had violated global trade rules by imposing import duties on a range of Chinese steel products and solar panels that Washington asserted had government subsidies. But the three-member panel also rejected some of the Chinese arguments against the U.S. countervailing duties in the $7.2 billion dispute brought in May 2012, which has echoes in Washington's trade relations with other countries.
US House Asks for Lakes Dredge Funds Increase
The U.S. House of Representatives has sent another clear signal that it is committed to ending the dredging crisis on the Great Lakes, introducing an amendment to the Energy & Water Appropriations bill that mandates that the Great Lakes Navigation System gets the 10 percent of increased funding for dredging that is promised in the Water Resources Reform and Development Act of 2014 that was passed seven weeks ago.
Tsakos Energy Navigation Declares Dividend
Tsakos Energy Navigation Limited (TEN), a crude, product and LNG tanker operator, has announced that its Board of Directors declared regular quarterly cash dividends of $0.50 per share for its 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares and $0.55469 per share for its 8.875% Series C Cumulative Redeemable Perpetual Preferred Shares. Each dividend is for the period from the most recent dividend payment date on April 30, 2014 through June 29, 2014.
Panama Canal Cost Dispute Headed to Miami Court
A $180 million claim involving the Panama Canal's disputed $1.6 billion cost overrun is headed to arbitration court in Miami next week, canal officials said on Monday. The $180 million claim by the consortium working on the massive canal expansion project is the first of several disputed construction costs that could end up in the hands of the Miami arbitrators. The cost overrun temporarily halted work on the massive expansion project in February…
Dry Dock Conference Slated for December
Dry Dock Conference 2014 will be held December 1-2, 2014 in New Orleans, Louisiana, United States. This year’s event is the eighth in a series of international conferences held every 2-3 years.
MT Bison Delivered to Buksér og Berging
Turkish shipbuilder Sanmar Marine announced the recent delivery of the Robert Allan Ltd. designed FiFi1 escort tug Bison to Norwegian owner Buksér og Berging AS. In essence, Bison is a RAstar 2800/80 escort/terminal ASD tug measuring 28.2m x 12.6m and the ninth of this class to be built by Sanmar. Standard on this model is a sponsoned hull form, which enhances escorting stability. However, a number of improvements have also been made to enhance performance.
Iran Oil Tanker Firm Still Faces Sanctions
Iran's main oil tanker firm NITC will struggle for some time to call at European ports, get foreign insurance and overcome obstacles under western sanctions, even…
Otto Marine Secures $404m Charter Contracts
Otto Marine Limited, an offshore marine company which owns and operates a large fleet of offshore support vessels, shipyard and offers specialized offshore services, informed that the group has secured charter contracts worth approximately $404 million in the first half of 2014 (1H2014). Backed by long term relationships with leading oil and gas companies, Otto Marine said it holds an orderbook that stood at approximately $450 million as at June 30…
Rise of the Semisub Floatel
Declining North Sea production and increasingly mature assets are expected to drive demand for offshore accommodation support, with the attributed maintenance, refurbishment…
Costa Concordia Refloated
The wreck of the luxury liner Costa Concordia was refloated on Monday and will soon be towed away and broken up for scrap, more than two years after it capsized off the Italian coast…
Tianjin: No Petrochem Fraud
China's Tianjin Port Holdings has found no evidence of an alleged fraud involving petrochemicals reported by media earlier this month, the company said in a statement on Monday.
FTO Services Announces Completion of First Vessel
FTO Services announced today that construction of its new deepwater well intervention services vessel has been completed. The naming ceremony for the new vessel, Island Performer, was held in Ulsteinvik, Norway on June 27. During the event, about 200 guests including executives from FTO Services, Edison Chouest Offshore and FMC Technologies sailed on a five hour maiden voyage to celebrate the naming of the vessel.
Beijing Forced to Use Low-Sulfur Coal from August 1
Xinhua News Agency reported on Saturday that Beijing from August 1 will be forced to use low-sulfur coal to help improve air quality in Beijing. Reported, citing…
EMGS Receives Contract Worth $2.7 mln from OMV (Norge) AS
Electromagnetic Geoservices ASA (EMGS) the marine EM market leader, who uses its proprietary electromagnetic (EM) technology to support oil and gas companies in…
Petroleum Geo-Services Q2 Performance Likely to be Weaker
Oslo, Norway, Petroleum Geo-Services ASA (PGS) will present second quarter results on July 24, 2014. The Company expects to report weaker Q2 results than current market expectations.
Philanthropists to Set up Mediterranean Migrant Rescue Service
A philanthropist couple has spent millions of euros to buy a ship which they plan to use to rescue migrants from rickety boats in the centre of the Mediterranean.
Dire Need of NNS Offshore Accommodation: Analyst
Declining North Sea production and increasingly mature assets are expected to drive demand for offshore accommodation support, with the attributed maintenance, refurbishment…
Caterpillar CEO Warns of Obstacle to U.S. Competiveness
In a July 10, 2014 opinion article headlined, "Congress must move on the Highway Trust Fund," Caterpillar Chairman and CEO Doug Oberhelman outlined the risks to U.S.
Costa Concordia Refloating Begins
The Costa Concordia refloating operation has started informs the 'Parbuckling Project' web site. At 6 am Monday, the Senior Salvage Master, Nick Sloane, reached the Remote Operations Center located on the Concordia with the rest of the team, having been given the green light by the Italian authorities on Saturday.
