Statoil: Barents Sea Exploration Completed
Statoil has completed the extensive 2013-2014 exploration programme in the Barents Sea. This represents an all-time high exploration activity and 10% of all exploration wells drilled in the Barents Sea since its opening in 1980. “This is a unique exploration programme. A commitment of this size and complexity requires geological, technological and organisational muscle, and the data collected are important for the future understanding of the oil and gas potential in the Barents Sea…
Alpha Bank Raising $510 mln From Securitized Loans
Greece's Alpha Bank is set to raise about $510 million from securitized shipping loans in one of the first European asset-backed deals in the sector for nearly a year…
OW Bunker Applies for Court Restructuring
Following the announcement made yesterday regarding fraud in Singapore and significant risk management loss, the board of directors regret not having found able…
Thomson Reuters Recognizes ABB as Top Innovators
ABB has been recognized by Thomson Reuters as one of the world’s top 100 innovators for a third year. This award acknowledges companies around the world for their…
USCG Responds to Report of Downed Aircraft near Panama City
The Coast Guard is responding to a report of a downed military aircraft approximately 57 miles south of Panama City, Florida, Thursday. Watchstanders at the 8th…
Navy Christens Littoral Combat Ship Montgomery
The Navy will christen littoral combat ship (LCS) Montgomery Nov. 8 during a ceremony at the Austal USA shipyard in Mobile, Alabama. Vice Chief of Naval Operations Adm.
ST Engineering Injects Capital in Brazilian Arm
Singapore Technologies Engineering Ltd (ST Engineering) today announced that further to its announcement on 11 July 2014 on the setting up of ST Electronics do Brasil…
Kalmar's 18 Forklift Trucks for Algerian Ports
Kalmar, part of Cargotec, is delivering 18 forklift trucks to four different port authorities in Algeria: Algiers, Bejaia, Djen Djen and Mostaganem. The order was…
Dorian LPG Reports 2Q 2015 Financial Results
Dorian LPG Ltd. today reported its financial results for the three months ended September 30, 2014. Took delivery of the second vessel under our VLGC newbuilding program…
General Dynamics' Support to Arkansas Healthcare
General Dynamics Information Technology, a business unit of General Dynamics, announced today that it will continue to support and expand the analytic engine and…
APM Terminals to Retain Full Ownership of Elizabeth Facility
APM Terminals announced today that it will not pursue the proposed joint venture for the ownership and operation of APM Terminals’ Elizabeth, New Jersey facility.
Longshore Union’s Job Actions Spread
Long Beach Ports, threatening holiday commerce and U.S. San Francisco, CA (November 6, 2014) – Escalating its use of orchestrated job actions that have already crippled…
Seaspan's Vancouver Shipyard’s Modernization Complete
Today, Seaspan’s Vancouver Shipyards officially celebrated the completion of its two-year, $170M Shipyard Modernization Project ahead of schedule and under-budget.
National Security Cutter Munro Keel Authenticated
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division authenticated the keel of the sixth U.S. Coast Guard National Security Cutter, Munro (WMSL 755). "At this stage of construction, the NSC 6 is more complete and has better cost performance than any previous NSC," said Ingalls Shipbuilding President Brian Cuccias. "Working together, the Ingalls and Coast Guard team continues to identify…
Seacat Debuts First Tank-tested Catamaran
Following the completion of preliminary sea trials, offshore energy support vessel operator Seacat Services unveiled the British-built Seacat Intrepid, the first DNV GL certified 26-meter crew transfer vessel to benefit from a unique three-year offshore wind farm workboat tank testing research and development program that capitalized on an improved understanding of wind, wave and weather conditions within European waters.
Cigar Boat Ablaze in Florida Keys
Six people were rescued by a good Samaritan following a boat fire aboard a boat southwest of Islamorada, Florida Thursday, the U.S. Coast Guard reported. No injuries have been recorded.
Tug Operators Plan Strike at Port Hedland
Tug boat engineers at Port Hedland, Australia's biggest iron ore port, plan to stop work for four hours on Nov. 12 over a pay dispute, threatening exports from BHP Billiton and Fortescue Metals Group , according to tug operator Teekay Shipping. The Australian Institute of Marine & Power Engineers (AIMPE) has given notice of the stoppage, Teekay said, adding that it exempted towage already under way.
KVH Boosts Mini-VSAT Capacity in S. America
KVH Industries, Inc. announced major capacity increases for its mini-VSAT Broadband network at the OilComm conference in Houston today. The capacity upgrades on key South American beams have resulted in as much as three times the forward and return link capacity for KVH’s maritime VSAT customers in the area. One upgrade has boosted coverage and performance for several key markets in Brazil: the oil and gas industry…
Testing US Oil Export Ban Carries Risks
Companies eager to export U.S. oil face fines and other risks if they stray from government-approved practices, trade lawyers said this week, but the challenge is…
Sanctions Bite Russian Arctic Oil Shippers
Shipping services that support Russia's attempts to extract oil from remote parts of the Arctic will run into difficulties as banks scale back energy financing due to Western sanctions, increasing transport costs for the frontier sector. Sanctions imposed on Russia by the United States and European Union over Ukraine have targeted the delivery of oil technology, goods and services, aiming to make it impossible for Moscow to access new oil sources.
