Plymouth Marine Lab, IMarEST Renews Partnership
Plymouth Marine Laboratory (PML) announced it is to renew its partnership with the Institute for Marine Engineering Science and Technology (IMarEST). The year-long…
Scanjet, Scnavent Offer In-tank Equipment Package
Scanjet Marine AB and Scanvent ApS are combining product ranges to create what the companies claim to be the most comprehensive in-tank equipment package available for tankers and FPSOs.
Today in U.S. Naval History: June 12
Today in U.S. 1944 - Four U.S. Carrier Groups (15 carriers) begin attack on Japanese positions in the Marianas. 1948 - The Women's Armed Forces Integration Act provides…
Shell Nigeria Declares Force Majeure at its EA Field
Royal Dutch Shell said on Thursday it had declared force majeure at its EA field in Nigeria to repair equipment damaged by bad weather offshore, putting on hold production of about 40…
Report Ranks Australia First in Cruise Growth
![Photo courtesy of CLIA](https://images.marinelink.com/images/maritime/w100h1500/photo-courtesy-of-clia-28619.png)
A new report now ranks the Australian cruise industry number one in the world for market growth and penetration, with latest industry figures revealing a record 833,348 Australians took a cruise last year. Launched in Sydney, the 2013 Cruise Industry Source Market Report shows Australian cruise passenger numbers soared 20 percent in 2013, more than double the growth rate of any other major cruise market.
DP World Raises $1B
![Sultan Ahmed Bin Sulayem, chairman of DP World (Courtesy DP World)](https://images.marinelink.com/images/maritime/w100h1500/sultan-ahmed-bin-sulayem-chairman-28617.jpg)
DP World took advantage of strong market conditions and scarcity value to raise a $1 billion convertible bond with a ten year lifespan on Thursday, in order to fund growth opportunities and diversify its funding sources. The issue is a rare example of an international convertible bond from a Middle Eastern company and comes at a time when convertible bonds have drawing investors' attention following a spate of issuance by European firms.
Ship's Master Fined After Failure to Report Grounding
The master of the 177m Singapore-flagged cargo vessel Lake Triview has been fined $2000 (plus $130 court costs) after pleading guilty to a charge of failing to notify…
The “Green” threat to oil rig security
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... emerging as an issue as alarming as piracy. Last week an oil rig in the Barents Sea hit the headlines after being successfully boarded, stopping drilling for 89 hours at an estimated cost of $1.26million. So who were the boarders; gun toting pirates threating violence and looking to steal? No, this was a “peaceful” protest executed by Greenpeace which saw 15 activists from 8 countries scale and occupy a rig to protest against drilling plans near to the Bear Island Nature Reserve.
Opinion: Oil Market Risks Grow as Chaos Spreads
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Iran, Syria, Sudan, Libya, Nigeria and now Iraq: the crude oil market has weathered a long list of actual and threatened supply shocks with remarkable calm. According to the U.S. Energy Information Administration (EIA), unplanned disruptions have removed around 2.5 million barrels per day from the crude market since the start of 2011. But for most of that time, Brent, the international marker, has…
Egypt Pushing Ahead with Suez Port Expansion Projects
![Photo courtesy of Suez Canal Authority](https://images.marinelink.com/images/maritime/w100h1500/photo-courtesy-of-suez-canal-28609.jpg)
Egypt is pressing ahead with plans to develop a new wheat storage facility and expand port operations at two terminals in the Suez area as the country looks to bolster strategic food reserves and attract investment, a top port official said. President Abdel Fattah al-Sisi, who as armed forces chief toppled Islamist President Mohamed Mursi last July following mass protests, was sworn in on Sunday and…
Intelsat and SpeedCast Join Forces
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New Agreement Brings Market Leading Broadband and Mobility Solutions to the Maritime, Oil & Gas and Enterprise Sectors. Intelsat S.A. (NYSE: I) has established strategic agreement to provide access to its global C- and Ku-band broadband mobility network to SpeedCast, the leading global satellite communications and maritime service provider. Under the multi-year agreement, Intelsat will provide SpeedCast…
Wave Piercing Pilot Boats Built with DIAB Material Delivered
![Photo courtesy of Hart Marine](https://images.marinelink.com/images/maritime/w100h1500/photo-courtesy-of-hart-marine-28605.jpg)
Imagine having to bring a 100,000 tons ship into port in rough weather and heavy seas, navigating through a narrow, rocky passage bordered by dangerous reefs. Port Phillip Bay, which forms the entrance to the Port of Melbourne, is a place that one can love one day and really hate the next. Its treacherous waters are amongst the most dangerous in the world, and more than 700 vessels have met their end at the entry and within the bay.
South Korea's Bizarre Manhunt for Ferry Family Boss
South Korea's biggest and most bizarre manhunt, linked to a ferry disaster in which hundreds drowned, has come full circle at the compound of a sect known for its…
Xervo Announces SOLAS Lifeboat Version
![Photo courtesy of Xervo](https://images.marinelink.com/images/maritime/w100h1500/photo-courtesy-of-xervo-28600.jpg)
Xervo is a supplier of lifeboat systems to jack-up platforms that meet NORSOK standards. This know-how is now being used to develop safe and cost-effective lifeboat systems for the SOLAS market. The Danish lifeboat producer Xervo is now announcing a SOLAS version of its popular Boat-In-A-Box lifeboat and rescue boat systems. In recent years the company has had major success with its state-of-the-art lifeboat, developed in co-operation with Maersk Drilling to meet the NORSOK R-002 standard.
Hurricane Cristina Intensifies off Mexico's Pacific Coast
Hurricane Cristina intensified into a category 4 hurricane early on Thursday as it continued to move away from Mexico's Pacific coast, the U.S. National Hurricane Center (NHC) said.
Pirated Tankship Found Off West Africa Coast
An oil tanker missing for a week off the coast of West Africa was attacked by pirates who stole its cargo, the company that managed the ship said on Thursday after speaking with its captain.
DP World to Price US$1-Bln Convertible Bond Issue
Dubai's DP World plans to raise $1 billion with a convertible bond issue of 10 years duration on Thursday to fund growth opportunities and diversify its funding sources…
Caribbean Cruises Inks Long Term Support Deal
Wärtsilä has signed a ten-year maintenance and technical support agreement with Royal Caribbean Cruises Ltd (RCL), which includes a sub-contract with ABB Turbocharging…
Defence Contracts Boost UK Military Boat Support Industry
The UK Government's Ministry of Defence (MOD) informs it has awarded millions of pounds worth of new contracts to maintain its 1,450 strong fleet of small boats.
3rd Annual Conference on Salvage & Wreck Removal
The 3rd Annual Conference on Salvage and Wreck Removal in India is to be held on Thursday, July 10, 2014 for the first time in Chennai at the Hotel Vivanta by Taj - Connemara…