Oil Tanks Destroyed at Libya Port, Others Still Ablaze
Two oil storage tanks remain on fire at Libya's Es Sider oil port while two others have collapsed almost a week after clashes there sparked the blaze, a spokesman…
MarineCo Orders New Damen Workboat
MarineCo UK has contracted Damen Shipyards Group for a Multi Cat 2712 vessel to be delivered in April 2015. The Multi Cat 2712 is the second contract for this new type in the Damen Multi Cat Series…
Concordia Renews Charter of 2 P-MAX Tankers
Concordia Maritime has renewed its contract with a major oil and gas company for a consecutive voyage charter arrangement for the P-MAX tankers Stena Provence and Stena Polaris. The agreement will run until the summer of 2015. “This is a testament to the fact that our P-MAX tankers make a major difference when properly utilized. We are very pleased to be able to extend this charter, which, alongside our business partner…
Ship Finance Sells Drillship to Seadrill
Ship Finance International Limited announced that Seadrill Limited has exercised a purchase option for an ultra-deepwater drilling unit. Ship Finance acquired the…
BCG Delivers Simulation Software to MTI
Buffalo Computer Graphics (BCG) Inc. has delivered a series of simulation products to Maritime Training International (MTI), in Jacksonville, Fla. MTI contacted BCG earlier this year and opened discussions to add simulation capabilities to its existing inventory of maritime training resources. MTI shipped three laptops to Buffalo for BCG engineers to install and configure two of the laptops with Raytheon’s…
Empty Container Depot Opens in Long Beach
The Temporary Empty Container Depot on Pier S at the Port of Long Beach opened for business December 29 to provide a means for truckers to free up truck-trailer chassis they need to move loaded containers out of marine terminals. Ongoing congestion caused in part by a lack of available chassis – the wheeled frames used to move shipping containers on the road – has caused delays in shipments. The depot allows chassis to return to servicing the terminals more quickly.
Petrobras Probe Points to Pension Fund
Clarification: This story has been updated to include the full name a company which is under investigation for involvement in a corruption scandal with Petrobras.
Shipping Executives Should Join Labor Talks: Union
Brushing aside calls for federal mediation in prolonged contact talks with employers at 29 U.S. West Coast ports, the union for 20,000 dockworkers urged shipping…
Java Sea Body, Luggage Could be AirAsia Debris
Objects resembling a body, luggage, a life vest and debris suspected to be part of an AirAsia jet that disappeared over the Java Sea were spotted by a pilot involved in the search operation…
Oil-Price Slide Hits European Energy Shares
European shares fell on Tuesday, the last full trading day of the year, led lower by energy companies as Brent oil fell to a 5-1/2-year low on persistent concerns about a global supply glut.
Ferry Salvage Opration Kills Two Albanian Seamen
Two Albanian seamen were killed during an operation to salvage a multideck car ferry that caught fire off Greece's Adriatic Coast when a cable connecting their boat to the ferry snapped and hit them…
Vessel Carrying Migrants Sends Distress Signal
A vessel that called for help off Greece is a Moldovan-flagged cargo ship believed to be carrying migrants, Greece's shipping ministry said on Tuesday. Greek state…
USCG Cutter Tahoma Returns
Coast Guard Cutter Tahoma returned Sunday to their homeport of Kittery, Maine after a 55-day patrol conducting operations and training in the Gulf of Maine and Georges Bank.
ST Engineering Increase Stakes in Mexican JV
Singapore Technologies Engineering Ltd (ST Engineering) today announced that its electronics arm, Singapore Technologies Electronics Limited (ST Electronics) has…
St. Petersburg Becoming Int'l Gas Sales Hub
Alexey Miller, Chairman of the Gazprom Management Committee, inaugurated today a new office building of Gazprom Export in St. Petersburg. Taking part in the ceremony were Mikhail Mokretsov…
Criminal Proceedings Against Ex-Employee of ST Marine
On 12 September 2011, Singapore Technologies Engineering Ltd announced that the Corrupt Practices Investigation Bureau (“CPIB”) was investigating certain transactions…
More Heavy Lifting Ahead
Justin Archard. Managing Director, Asia Pacific & Oceania at SAL Heavy Lift Singapore Pte Ltd sees a turnaround in the Heavy lift and Over Dimensional Cargo tranport segment.
Low Sulphur Fuel Requirements from 1 Jan
Ships trading in designated emission control areas will have to use on board fuel oil with a sulphur content of no more than 0.10% from 1 January 2015, against the…
Empty Container Depot Opens at Long Beach
The Temporary Empty Container Depot on Pier S at the Port of Long Beach is now open. The depot was approved by the Long Beach Board of Harbor Commissioners in November…
Rebalancing Trade Flows
Many types of crude oil are produced around the world. Depending on the requirements of a particular refinery, a blend of heavy and light crudes is processed to…