Wärtsilä Launches Low Loss Hybrid Energy System
Wärtsilä announced that it will launch its new Low Loss Hybrid (LLH) innovation at the ONS 2014 exhibition being held in Stavanger, Norway from August 25 to 28. The Wärtsilä LLH utilizes different power sources in combination with energy storage devices to operate the prime movers closest to their optimum performance. In addition to annual fuel savings of up to 15 percent, depending on the type and configuration of the engine and mission profile…
Island States Battle Rising Seas, Seek UN Relief
"Frightening" prospect of rising seas - U.N.; Islands say overlooked, fault inaction over climate. Small island states facing a "frightening" rise in sea levels…
Coast Guard, Stakeholders to Meet Disabled Tanker in San Francisco Bay
The U.S. Coast Guard, along with several federal, state and local partner agencies, have formed a safety and assessment team with the owners of the disabled tanker…
Six More Migrants Dead, says Italy
At least 25 migrants die during weekend Mediterranean crossings; Italy says has rescued almost 4,000 in last 48 hours. Italy's search and rescue services have found…
Suez Canal July Revenue at $482 mln
Revenue from Egypt's Suez Canal rose by 8.6 percent in July to $482.2 million from $443.9 million in June, Egypt's state information portal said on Monday. The waterway…
DMR Sees US Container Terminal Sector M&A Flurry
M&A (Merger & Acquisition) activity in the US container terminal sector is currently at its highest level since the boom time of the mid-2000s. However, whilst the…
Drilling Deep: Pushing the HPHT Envelope
With demand for hydrocarbons increasing and costs rising, the E&P industry is also facing numerous technical challenges including the development of High Pressure – High Temperature (HPHT) reserves…
GPS Satellites Launched, Stray Off Course
Following an announcement made by Arianespace on the anomalies of the orbit injection of the Galileo satellites, the teams of industries and agencies involved in…
Parsons Wins Dubai Water Canal Project
Engineering, construction, technical, and professional services provider, Parsons, says it has been awarded a contract by the Roads and Transport Authority (RTA)…
Libyan Boat Sinks: Perhaps Plus 250 Lost
More than 250 migrants may have died when a boat sank a kilometre (half a mile) off the Libyan coast, a coastguard official said on Sunday. "We believe there are…
Ferry 'Tacoma' Likely Out of Service Until December
Capt. George A. "This week, we received an initial update on the Tacoma repair plan from Siemens Marine Solutions. The report says a fuse blew in the vessel’s propulsion…
San Francisco Port Prepares for Disabled Tankship Arrival
The U.S. Coast Guard informs that along with several federal, state and local partner agencies, it has formed a safety and assessment team with the owners of the…
BAE Systems Awarded USS Arleigh Burke Contract Modification
US Department of Defense inform that BAE Systems Norfolk Ship Repair, Norfolk, Virginia, is being awarded a $55,911,832 modification to a previously awarded contract…
APM Terminals Q2 2014 Profit, Volume Growth
In its second quarter ended 30, June 2014 APM Terminals reports increases in both profits and container volume throughput. AgreementreachedtodivestAPMTerminals Virginia…
USCG Suspends Search for Missing Lake Champlain Sailor
The Coast Guard ended its active search for a missing 65-year-old man near Malletts Bay, in Lake Champlain, Vermont, at 8:05 p.m. Sunday, pending further developments or reports.
Submarine Minnesota First Sea Trial a Success
Huntington Ingalls Industries informs that the Virginia-class submarine 'Minnesota' (SSN 783) being built at HII's Newport News Shipbuilding (NNS) division has successfully…
LR Focus on 5 Issues Worrying Oil Executives in North Sea
On the 50th anniversary of the issuing of the first licenses for the extraction of oil and gas from the UK continental shelf (UKCS), Lloyd’s Register asked oil executives…
Höegh LNG - Interim results for quarter ended 30 June 2014
Höegh LNG reported USD 32.3 million in total income in the second quarter 2014, down from USD 42.7 million in the second quarter 2013. The decrease is mainly due…
KNOT Purchases 3 Shuttle Tankers from J. Lauritzen
Knutsen NYK Offshore Tankers AS (KNOT; headquarters: Haugesund, Norway), of which NYK has a 50 percent share, has officially reached an agreement with J. After delivery to NYK…
CMA CGM Joint Service Between NE Asia, Australia & N. Zealand
CMA CGM S.A. (CMA CGM), has announced the co-operation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL)…
