Glencore Seeks Rio Tinto Merger
Commodities giant Glencore has started talks with Rio Tinto's largest shareholder, Aluminium Corp of China (Chinalco), as it seeks to pave the way for a possible merger in 2015, Bloomberg News reported on Monday. Reuters reported last month that Glencore could make a move for mining rival Rio Tinto to gain exposure to iron ore, citing banking sources. Bloomberg said in its report that Glencore hadā¦
Crude Oil Markets Roiled by Sell Off
A sell-off that began last week continued to roil crude markets, which have been weighed down by worries of oversupply and lackluster demand, pushing Brent crude to a contract low on Monday. U.S.
Seaway System Tonnage Continues Upswing
The St. Lawrence Seaway reported that year-to-date cargo shipments of more than 24 million metric tons moved through the system for the period March 28 to September 30 ā an increase of nearly 5 percent over September 2013. U.S. grain continued its upward trend posting a 14.6 percent increase over the same time last year. āCargo tonnage moved through the Great Lakes-St. Lawrence Seaway System duringā¦
Mine Detection Robot Performs in Bahrain
As the demand for naval technology rapidly escalates globally, the Middle East remains a hotspot for investment and innovation. To this end, Northrop Grumman Corporation (NYSE: NOC), in support of U.S. Naval Forces Central Command in Manama, Bahrain, announced the successful demonstration of an unmanned mine-hunting mission. In the demonstration, the Mine Hunting Unmanned Surface Vehicle (MHU) was used in tandem with Northrop Grumman's AQS-24A Mine Detecting Sensor System in the Arabian Gulf.
Strike Shuts Israel's Haifa Port
Workers at Israel's state-owned Haifa Port went on strike on Monday, shutting one of the major trade gateways, over a government plan to build private, competing ports. "Every hour of the strike causes heavy damage and weighs on Israeli exports and imports," said Chamber of Shipping vice-president David Castle. His statement said it was not clear when the strike would end. Nearly all Israel's exports and imports are transported by shipā¦
TOTE Services Announces New Business
TOTE Services, Inc. won a five-year ship management contract by American Roll-on Roll-off Carrier (ARC). The seven-ship ARC fleet consists of Pure Car Truck Carriers that carry cargo in U.S.
Deal Struck on LNG Delivery for Shipowners
Unique partnership offers the first fully integrated LNG solution to ship owners. WesPac Midstream LLC (WesPac), a leading provider of energy infrastructure and LNG solutions, announced a partnership agreement with Clean Marine Energy LLC (CME), the global facilitator of finance mechanisms for LNG conversion and Emission Control Area (ECA) compliance. This strategic partnership will ensure the supplyā¦
New Tugboat for Iskes Towing & Salvage
Iskes Towing & Salvage has taken delivery of a Damen ASD 3212 tug named Mercurius. To date the Netherlands-based tug operatorās fleet now includes three Damen builds, all built in the last four years. āWe used the same leasing option (with Damen) with the Argus,ā said Ronald Vergouwen, MD, Iskes Towing & Salvage. āAfter 18 months we bought the vessel outright. The financing process takes much longer than in the past.
Industry Addressing Offshore Pipeline Risk
Offshore carbon dioxide (CO2) pipelines could potentially pose a risk for offshore infrastructures, ships and the marine environment. To demonstrate that CO2 pipelines can be operated safely and to ensure the risks are well understood, industry stakeholders have asked DNV GL to initiate a Joint Industry Project (JIP) āCO2 Subsea Releases - Small Scale Experimental Programāā. Several major operators have already joined the āSub-CO2ā JIP including: National Gridā¦
LNG America Taps Paitl for VP Marine Ops
LNG America welcomes Captain George āJoeā Paitl to position of VP Marine Operations and HSSE Compliance. Capt. Paitl is a retired US Coast Guard senior officer who most recently held the position of Commanding Officer and Captain of the Port, Marine Safety Unit Port Arthur, where he oversaw safety, security, law enforcement, and environmental regulatory compliance across a 39,000 square mile area spanning Southeast Texas and Southwest Louisianaā¦
Oil Steadies Above $92 on Signs of Global Growth
Brent crude oil edged down but stayed above $92 a barrel on Monday after a week of sharp falls, as strong U.S. employment data and a rally in global stock marketsā¦
LR Alert: Mustering for Ships with Passengers
Amendments to SOLAS regulations III/19.2.2 and III/19.2.3 will enter into force on 1 January, 2015, and introduce mandatory requirements for passenger mustering & briefing before or on departure, for ships engaged in international voyages lasting more than 24 hours. The amendments were adopted by Resolution MSC.350(92). The amendment requires that if passengers are scheduled to be on board for more than 24 hoursā¦
Panama Canal Cruise Season Begins
The Panama Canal cruise ship season has officially begun with the transit of the Coral Princess, in a repositioning voyage from Los Angeles, California to Ft. Lauderdale, Florida. Approximately 200 cruise ships are expected to transit through the Panama Canal during this season that spans from October 2014 to April 2015. According to Felix Ayarza, international trade specialist of the Vice Presidency for Planning and Business Developmentā¦
Former DHS Chief Ridge Introduces Cyber Solutions
First U.S. Homeland Security Secretary Tom Ridge Partners with Five Lloydās Syndicates to Offer āIntelligentā Cyber Insurance. Ridge Insurance Solutions Company to close dangerous cyber insurance gap by providing informed-assessment capabilities and insurance. Companies struggling to protect their assets and brands from the growing scourge of cyber attacks can now access a new product designed specifically for their needsā¦
Feds Query Energy Firms Ahead of Export Rulings
The U.S. Commerce Department has taken a small step toward resolving some two-dozen pending requests to export lightly processed oil this summer, asking energy companiesā¦
U.S. Corn Harvest Competes With Oil Transport
The giant corn harvest about to hit full stride in America's Midwest looks set to overwhelm storage and pile up outdoors, grain industry sources said, raising qualityā¦
Easter Pacific Vessel Touches Bottom in Durban
Eastern Pacific Shipping reports that an incident involving its managed vessel m.t. Pacific Quartz took place off Durban in South Africa Friday morning. While proceeding into the portā¦
Hamburg Port Dredging Delayed
"We respect the decision announced today by the Federal Administrative Court (FAC) in Leipzig on the deepening and widening of the navigation channel on the Lower and Outer Elbe.
New Liebherr Mixing Tower to Boost Wind Energy
The Max Bögl Group of Companies acquired a new Liebherr mixing tower for production in Osterrönfeld, Germany. An inauguration party celebrated commencement of operations on 16th of Julyā¦
Agenda, Speakers for AVEVA Summit Announced
AVEVA today announced additional speaker, sponsor and agenda details for this yearās AVEVA World Summit. The global event is being held in Berlin, Germany, from 14-16 October.
