Early Contract Termination for Loke Viking
As previously communicated, Viking Supply Ships has entered into an agreement with a major oil company for the charter of four AHTS vessels. The contract applies to the drilling seasons 2014 and 2015…
EVPs of Petroleum Geo-Services Swap Responsibilities
From November 20th Magne Reiersgard, Executive Vice President (EVP) Operations, and Per Arild Reksnes, EVP Marine Contract of Petroleum Geo-Services, will change roles, with Mr.
ST Marine Celebrates Naming of RNOV Al Seeb
Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the naming ceremony today for the…
Bore and P&O Ferries JV add RoRo Vessel
Bore and P&O Ferries announces today that they have agreed to add a further RoRo vessel to the long-standing partnership in the North Sea. M/V Estraden will be added…
MacGregor Mooring Systems for Tender Rigs
MacGregor, part of Cargotec, has won new contracts that will see electrically-driven versions of its mooring systems fitted to two new tender assist drilling rigs…
Update from Cyclone Hit Indian Ports
Two ports on the Eastern Coast of India that suffered extensive damage from the Hudhud cyclone have provided a status update. Yesterday night port declared the impact…
Carnival Corp MOU with CSSC to Promote Cruise Industry
Carnival Corporation & plc the world’s largest cruise company, today announced it has signed a memorandum of understanding (MOU) with the China State Shipbuilding…
Ocean Rig Partners Files for IPO
DryShips Inc. through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore deepwater drilling services, today announced that Ocean Rig’s wholly-owned subsidiary…
Kinder Morgan to Add Oil Storage Capacity in Houston
Kinder Morgan Energy Partners, L.P. said it will add 2.1 million barrels of storage at its Pasadena and Galena Park terminals just outside Houston. The $210 million…
World Gasoline Price Slips Below Brazil Level
The price of gasoline on the international market has slipped below the domestic price of the fuel in Brazil for the first time in nearly four years, a situation…
Capsized Boats Leave Mile-long Sheen in Mobile
Vessels were being urged to travel carefully through the Mobile shipping channel on Tuesday after two boats containing 2,000 gallons of oil capsized the previous night…
TrustLube Delivers Lubrication System for Shell’s Prelude
TrustLube is among one of the first suppliers to deliver her high-tech system to SBM Offshore for Shell’s Prelude, which was launched in December last year. The TrustLube system was completely engineered and produced at the OudGastel location in The Netherlands. The system consists of an explosion proof grease cabinet to lubricate the radial wheel, axial boogie and axial boogie guiding of the world’s largest turret.
Two Workboats Sinking Near Mobile Ship Channel
The U.S. Coast Guard said it is responding to two sunken vessels in Mobile Ship Channel north of Gaillard Island, Tuesday. Coast Guard Sector Mobile watchstanders…
DNV GL Forms Americas LNG Solutions Group
To meet the rapidly growing demand for a wide variety of LNG related services, DNV GL has established a group of LNG experts in North America. In addition to deep LNG expertise, the Houston-based “LNG Solutions Group - Americas” is also experienced in all business, risk and regulatory matters specific to the North American market. With the increasingly strict regulation of sulphur emissions in force next year and the already tightened Emission Control Area regulation for the U.S.…
Euronav Announces $340m Credit Facility
The executive committee of Euronav NV announced that it has signed a new $340 million senior secured credit facility led by ING Bank NV acting as sole Bookrunner and together with Citibank NA…
WR Expands US NAVCOM Service Capability
U.S.-based maritime technology firm WR Systems has expanded its commercial maritime service network within the U.S. The opening of strategic service centers in Tampa, Fla. and New Orleans, La. complements the existing service hubs of Norfolk, Va. and Jacksonville Fla., the company said. WR devotes almost 100 technicians to the support of commercial, military and publicly owned vessel NAVCOM systems.
Fincantieri: Vard Expects Negative EBITDA in Q3
Italian shipmaker Fincantieri said its Singapore-listed subsidiary Vard expects marginally negative earnings before interest, tax, depreciation and amortisation (EBITDA) in the third quarter. Vard, which makes offshore vessels for the oil and gas industry, expects reduced EBITDA as slower-than-expected improvements in productivity, as well as additional costs incurred for two vessels, dent profitability, Fincantieri said in a statement.
Protecting Shippers from Ebola Outbreak
The IMO have reacted quickly in response to the international emergency recently declared by the World Health Organization (WHO) over the Ebola outbreak in West Africa. In September the IMO issued an international circular ‘3484’ calling for a united response from the shipping industry to contain the virus. Specifically it calls for ship operators to define 'measures to reduce the risk of exposure' if they are likely to have ships trading to and from ports in Ebola-affected States.
Puerto Rico Announces Plan for Port of the Americas
Puerto Rico announced today that it is looking for a major international port operator to partner with on the development of the Port of the Americas, located in Ponce…
Ending US Oil Export Ban Would Not Raise Gasoline Prices - Study
Ending a 40-year old ban on U.S. crude oil exports would not raise domestic gasoline prices because it would put more petroleum onto global markets, where fuel prices are primarily set…
