Cosan Declares Force Majeure to Some Sugar Clients
Brazilian sugar exporter Cosan SA declared force majeure to some clients after a fire destroyed one of its 11 warehouses at the Port of Santos, a press representative said on Tuesday.
Panama Canal Expansion Poses Billion Dollar Challenge
As the Panama Canal prepares to celebrate its 100th anniversary, insurers are warning of the increased risks that will arise from its plan to double the cargo-carrying capacity of ships transiting one of the world’s most important waterways. In a new report entitled Panama Canal 100: Shipping Safety and Future Risks leading marine insurer, Allianz Global Corporate & Specialty (AGCS) identifies that…
Batista Transfers Prumo Stake to Mubadala
Brazilian tycoon Eike Batista agreed on Tuesday to transfer a 10.44% stake he has in port and logistics company Prumo Logística SA to sovereign wealth fund Mubadala Development Co PJSC.
Cammell Laird Bolsters Energy Division
Birkenhead-based shipyard and engineering services company Cammell Laird is ramping up its activity in the energy sector by investing more than £1.5 million in its facilities and appointing a leading nuclear sector engineer. John Eldridge has joined Cammell Laird from Sellafield Ltd. which operates the nuclear reprocessing plant in West Cumbria. He has a track record of more than 40 years working on the design, construction, commissioning and operation of nuclear facilities.
Ports Recognize MOL for Green Initiatives
Mitsui O.S.K. Lines, Ltd. (MOL) today announced that the company has earned recognition from the ports of Long Beach and Los Angeles, California, for its efforts…
Serica Completes Farm Out to Centrica of East Irish Blocks
Serica Energy plc is pleased to confirm it has now completed the farm out of UK East Irish Sea Blocks 113/26b and 113/27c (Licence P.1482) with Centrica through…
Essar Projects Bags $54 mi Maiden Contract from Saudi Aramco
The Hydrocarbon SBU of Essar Projects, a global EPC (engineering, procurement, construction) contractor, has secured its maiden contract from Saudi Aramco, the national…
Thomsen Joins Strategic Marine
Specialist shipbuilder Strategic Marine has appointed Dennis Thomsen as its Business Development Manager aimed at boosting its presence in the wind vessel and European work boats markets.
Actera, Esas Buying UN Ro-Ro from KKR
Turkish investment firms Actera Group and Esas Holding have signed an agreement to acquire ferry operator UN Ro-Ro from private equity firm KKR & Co LP, the Turkish…
Caterpillar Invests $11m for Africa’s Prosperity
The Caterpillar Foundation, supported by Caterpillar Inc. , continues working to alleviate poverty worldwide, including on the African continent, through a series of investments.
Bangladesh Rescuers Struggle in Ferry Response; 120 Missing
Bangladeshi rescuers struggled against a strong current and choppy river waters on Tuesday in the search for a ferry that capsized with more than 200 passengers…
TUI Cruises Expands to Six Ships by 2017
TUI AG and Royal Caribbean Cruises are substantiating their expansions plans for their joint venture TUI Cruises. The Mein Schiff fleet shall grow from now three to six ships and then 14…
SINOPACIFIC’s Design SPP17A Secures First Order from Mexico
Sinopacific Shipbuilding Group (SINOPACIFIC), has recently signed a contract with a Mexican shipping company, Naviera Petrolera Integral S.A. de C.V. for the construction of 3 (three) SPP17A vessels.
Bouchard Transportation in Expansion Mode
Morton S. Bouchard III, President and CEO of Bouchard Transportation Co., Inc., today announced the next step in the company’s ongoing fleet expansion with the construction of two 6,000-hp ATB tugs.
Douala Port Congestion Surcharge includes PCS
Vessel delays due to the current port congestion in Douala are still causing severe disruptions of service and highly increasing operational costs. The Port Congestion…
ASRY Targets Navy Market
ASRY, the leading ship and rig repair yard in the Arabian Gulf, has launched a new department dedicated to military projects called the Navy Defence and Industrial Projects (NDIP) Department.
Canaveral Allocated $1.6 mi from Port Security Grant Funding
Canaveral Port Authority will utilize the $1.6 million awarded from 2014 Port Security Grant Funding for a new port-wide cyber-security program, software that integrates…
R. K. Sharma appointed PR Head of SCI
Consequent to the inter-divisional/departmental transfer, Ravindra Kumar Sharma, General Manager, has taken over the full-fledged charge of public relations department…
Delta Wave to Host Emergency Communication Seminar
Delta Wave announced it will host an emergency preparedness mobile satellite equipment roundup on Thursday, September 4 at its office in Morgan City at 10 a.m. Delta…
Petrobras Likely to Miss 2014 Output Goal
Brazil's state-run Petrobras will probably not meet its oil and gas production target for 2014 because of continued delays in the startup of new offshore oil platforms, a government source with direct knowledge of the situation told Reuters on Monday. Petrobras set a 2014 goal of increasing output by 7.5 percent, plus or minus one percentage point, hoping to break a string of missed targets caused by declining output from its largest existing fields and delays in new areas.
